R/€ = 16.24 Change: -0.19
R/$ = 14.54 Change: -0.33
Au 1319.53 $/oz Change: -7.00
Pt 1078.50 $/oz Change: 3.00

Platinum Group Metals News

Chrome output becoming ‘strategic’ for Northam Platinum

By: Martin Creamer     Updated 2 hours 23 minutes ago Chrome ore is becoming increasingly strategic for platinum mining company Northam Platinum. The Johannesburg Stock Exchange-listed company, which produced 45.1% more chrome in the 12 months to June 30 than the prior year, expects to be producing at a rate of one-million tonnes of chrome ore a... 

Northam investing R5.5bn in platinum growth projects 

By: Martin Creamer     26th August 2016 Platinum mining company Northam on Friday elaborated on the company’s suite of four growth projects timed to fill an expected future demand pull unmet by constrained future South African platinum supply. The Johannesburg Stock Exchange- (JSE-) listed company, headed by CEO Paul Dunne, expects the... 

Northam investing R5.5bn in platinum growth projects
Northam Platinum CEO Paul Dunne outlines growth projects to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws: Video and Video Editing: Darlene Creamer. 26.08.2016

Noront expands RoF land-holdings, outlines exploration and development strategies

By: Henry Lazenby     26th August 2016 Northern Ontario-focused project developer Noront Resources has increased its position as the dominant land-holder in the prospective Ring of Fire (RoF) mining camp after closing the acquisition of 75% of MacDonald Mines’ claims in the region, the company said this week. Through the transaction,... 

AMD technology a hot topic in South Africa

By: Robyn Wilkinson     26th August 2016 Finnish specialist in hydrometallurgical treatment technology Global EcoProcess Services Oy (EPSE) launched a treatment for acid mine drainage (AMD) in South Africa in July, which it claims is a cost-effective, one-step process that can integrate with the existing technology and equipment used by... 

AMD technology a hot topic in South Africa
Photo by Duane Daws
ENVIRONMENTAL IMPACT Acid mine drainage, which has a high sodium content, has a negative effect on agricultural land when it is discharged into rivers that are used for irrigation

Sexual violence prevalent in platinum belt – study

By: David Oliveira     26th August 2016 In a report released at the first South African National Conference on Violence, held in Johannesburg earlier this month, Doctors Without Borders (MSF) outlined the high levels of sexual violence in the platinum belt in Rustenburg, in the North West. With one in four women between the ages of 18... 

Trollope Mining Services

By: Creamer Media Reporter      26th August 2016 Trollope Mining Services (TMS) intends to diversify into other mineral sectors and grow the geographical footprint into Africa. The company currently operates in the coal, platinum, andalusite, chrome and gold sectors. 

Trollope Mining Services

Safety dominates Sibanye results presentation as 125% profit surge takes back seat 

By: Martin Creamer     25th August 2016 Top performing precious-metals mining company Sibanye Gold, dismayed by an uncharacteristic spate of mineworker fatalities, began its presentation of high-cash results for the half-year with a safety moment as a mark of its determination to up its safety performance. The 125% surge in profits in... 

Safety dominates Sibanye results presentation as 125% profit surge takes back seat
Sibanye Gold presentation attended by Mining Weekly Online’s Martin Creamer. Photographs, Video and Video Editing: Darlene Creamer

Sibanye Gold declares R785m dividend

By: Martin Creamer     25th August 2016 Johannesburg- and New York-listed precious metals mining company Sibanye Gold on Thursday reported strong financial results for the six months ended June 30, driven mainly by a higher rand gold price and underpinned by solid production from both the gold and platinum divisions. Sibanye's... 

Sibanye Gold declares R785m dividend

Implats falls most in a month as profit tumbles on work stoppages

By: Bloomberg     23rd August 2016 Impala Platinum (Implats), the world’s second-largest miner of the metal, headed for the biggest decline in more than a month after the company said full-year earnings will tumble as much as 75% because of lower local prices and production stoppages. The shares slid 4.6% to R58.95 as of 9:52 a.m.... 

Employee dies in accident at Amplats’ Rustenburg East mine

By: Megan van Wyngaardt     22nd August 2016 Anglo American Platinum (Amplats) on Monday reported that an explosion-related incident at the company’s Rustenburg East mine fatally injured an employee on August 18. “Our sincerest condolences are with the family, friends and colleagues of the deceased who we are assisting and supporting during... 

Company looks to strengthen position

By: Nadine James     19th August 2016 Despite the current depressed commodities market, Certified Reference Materials (CRMs) producer African Mineral Standards (AMIS) has had a successful year and intends to continue to strengthen its position as a market leader in order to maximise its growth once the market improves. As part of its... 

Company looks to  strengthen position
SIGNIFICANT STOCK AMIS stocks a wide range of certified reference material which are sourced from naturally occurring raw materials worldwide

Congress key to addressing socioeconomic challenges

By: Nadine James     19th August 2016 Owing to the increasing relevance of the geosciences field and the insights and solutions to global socioeconomic challenges it holds, the thirty-fifth International Geological Congress (IGC) –  to be held at the Cape Town International Convention Centre from August 27 to September 4 –  is... 

Congress key to addressing socioeconomic challenges
PASSING THE TORCH The Thirty-fourth IGC president Neil Williams symbolically handing over the IGC to current copresident Professor Richard Viljoen

Cooperation needed to save PGMs industry

By: Simon Sonnekus     19th August 2016 Owing to the lower overall platinum group metals (PGMs) price, platinum producers have started to review opportunities to work together through joint ventures.  

Cooperation needed to save PGMs industry
JEREMY WITELY South African PGM producers are caught between a rock and a hard place because of capital and low share prices, causing their debt to rise

Decline in ore grades grows interest in geometallurgy

By: Nadine James     19th August 2016 The concept of geometallurgy is being researched by State-owned mineral research council Mintek’s Mineralogy division, owing to the global mining industry’s challenge of confronting declining grades and low-grade orebodies. The current lack of exploration, in addition to the finite number of... 

Decline in ore grades grows interest in geometallurgy
NOSIPHIWO NYAMANE Geometallurgical modelling absorbs a wider range of specialists, increasing opportunities for geologists and consulting companies

Mining complex refurbished with no major delays

     19th August 2016 Eleven products from specialist chemicals company Sika have been used in the refurbishment of platinum producer Impala Platinum’s (Implats’) Rustenburg operations, a 14-shaft complex in the Bushveld Igneous Complex near Rustenburg, which was completed in June. Since this active platinum... 

Mining complex refurbished with no major delays
NO DELAYS The refurbishment project was carried out under a highly restrictive schedule

No mining sector without geology

     19th August 2016 Mining development is one of the main areas where geoscience directly contributes to a country’s economy, with Africa expected to supply a significant portion of the world’s future mineral resources through the application of various scientific approaches, states the local organising committee... 

No mining sector without geology
ABERRA MOGESSIE The professor says geological, geochemical and geophysical investigations form the foundation for successful exploration activities

Producer has positive platinum outlook

By: Simon Sonnekus     19th August 2016 Platinum-group metals (PGMs) remain a positive investment, as there is improved sentiment in the platinum market, and platinum exchange-traded fund (ETF) prices remained stable in the first half of 2016, states PGMs mining company Anglo American Platinum (Amplats). The company held its interim... 

Producer has positive platinum outlook
MOGALAKWENA Amplats’ flagship Mogalakwena operation provided a record performance, with tonnes milled so far this year increasing by 6% to 208 000 oz

Jubilee’s DCM continues to outperform original estimates

By: Anine Kilian     18th August 2016 Chromite concentrate production at Aim-listed Jubilee Platinum’s Dilokong chrome mine (DCM) tailings project reached 9 670 t in July, a 29% month-on-month increase. Jubilee, led by CEO Leon Coetzer, on Thursday said the project continued to outperform the original design numbers both in terms of... 

Lonmin secures $50m funding for tailings project

     18th August 2016 Platinum miner Lonmin has secured $50-million in funding through a project finance metal streaming arrangement for its Bulk Tailings Treatment (BTT) project. The first $9-million funding tranche has already been received with work on the BTT project now under way. 

Lonmin secures $50m funding for tailings project
Photo by Duane Daws
Lonmin CEO Ben Magara

Northam expects to report narrowed FY losses

By: Anine Kilian     17th August 2016 JSE-listed Northam Platinum expects to report narrowed losses a share for the year ended June 30. The company on Wednesday said it was likely to report a loss a share of between 158.6c and 132.2c, and a headline loss a share of between 152.2c cents and 131.9c. 

DRA enjoying rise in gold project share, eyeing more gold opportunities 

By: Martin Creamer     17th August 2016 Mining project house DRA, which has hit the gold project high spots in particularly West Africa, is now well poised to extend that gold triumph further into Central Africa, East Africa and also South Africa. DRA’s impressive penetration of the gold project market has been characterised by... 

DRA enjoying rise in gold project share, eyeing more gold opportunities
DRA MD Johann de Bruin talks to Mining Weekly’s Martin Creamer on the company’s project successes in gold. Photographs: Duane Daws. Video: Nicholas Boyd.

Lonmin working hard to improve living conditions, says CEO Magara

By: African News Agency      16th August 2016 Lonmin is working hard to improve the living conditions of its workers, CEO Ben Magara said on Tuesday. “I know very well that living conditions of some of employees are not well. We are doing our best to improve the condition. If you go to Karee you will be able to see what we have done. It is... 

Lonmin working hard to improve living conditions, says CEO Magara
Photo by Duane Daws
Lonmin CEO Ben Magara

Mineworkers must be valued – Mathunjwa

By: African News Agency      16th August 2016 Mineworkers must be valued, the Association of Mineworkes and Construction Union (AMCU) president Joseph Mathunjwa said on Tuesday. “Our miners need to be valued. Mining underground is the hardest job within the market,” he said at the commemoration of the Marikana massacre in Marikana, in the... 

Eastplats appoints president, CEO to board

By: Henry Lazenby     15th August 2016 Platinum-group-metals-focused Eastern Platinum (Eastplats) on Monday advised that it had appointed president and CEO Diana Hu to its board following the resignation of Peter Clausi. Hu, said to have 20 years’ experience in the global mining and metals industry, was last week appointed as CEO. 

South Africa platinum union to restart trust for Marikana miners

By: Bloomberg     15th August 2016 The biggest union at South African platinum mines will restart a trust fund to support workers living in the Marikana area, where more than 34 people were killed in a single day by police almost four years ago. Workers continue to live in squalor in the area near Lonmin Plc’s operations, Bishop... 

Amnesty condemns Lonmin housing as miner sees more spending cuts

By: Bloomberg     15th August 2016 Lonmin said it may have to cut its promise to spend R100-million ($7.5-million) a year on housing even as Amnesty International condemned the world’s third-largest platinum producer for failing to fulfill pledges to employees made a decade ago. The company, with 13 500 employees in need of formal... 

Advancing base metals recovery from platinum production

By: Robyn Wilkinson     12th August 2016 State-owned research organisation for the minerals industry Mintek is partnering with platinum producers in South Africa to improve the recovery of base metals associated with platinum-group metal (PGM) production. Mintek GM Peter Craven notes that the challenging economic environment is... 

Advancing base  metals recovery from platinum production
WITHSTANDING FINNISH WINTERS Only the heat-generating bioleach reactors are located outdoors at the Mondo plant, as they can withstand the extreme temperatures

Northam pushing ahead with R4.8bn Booysendal projects as it anticipates continuing platinum demand growth

By: Mia Breytenbach     12th August 2016 Despite challenging market conditions facing the South African platinum sector, scaling back on local operations, delays in various projects and a new wage negotiation season, JSE-listed mining company Northam Platinum maintains that it has “a good pipeline of projects at its Booysendal mining... 

Northam pushing ahead with R4.8bn Booysendal projects  as it anticipates continuing platinum demand growth

Eastplats confirms probe into Crocodile River Mine deal

By: African News Agency      11th August 2016 Eastern Platinum on Thursday confirmed that a transaction announced by the company’s former management regarding the sale of the Crocodile River Mine was being investigated. The management team was overthrown in early July by dissident shareholders a day after announcing the transaction. Another... 

Steadily improving South African mine output to benefit Q2 GDP figures – economist

     11th August 2016 A steady improvement in mining activity in recent months should bode well for South Africa’s second-quarter gross domestic product (GDP) figures, BNP Paribas Securities South Africa economist Jeffrey Schultz commented on Tuesday. “On a quarter-on-quarter seasonally adjusted and annualised basis,... 

Enviro studies start at Platina’s Owendale project

By: Creamer Media Reporter      11th August 2016 Environmental studies have commenced at ASX-listed Platina Resources’ Owendale project, in New South Wales. The environmental studies, which are being conducted by consultancy RW Corkery & Co (RWC), form part of a feasibility study for the scandium, platinum, nickel and cobalt project. 

Amplats employee killed in fall-of-ground incident

     11th August 2016 An employee was killed in a fall-of-ground incident at Anglo American Platinum’s (Amplats’) Rustenburg East mine on August 5. An investigation into the incident is under way. 

Resources Watch  

     10th August 2016 This week: RBPlat’s Phiri staves off analysts’ labour cost queries And, Elandspruit on track to deliver 200 000 t/m of coal 

Resources Watch
Resources Watch

Franco-Nevada hits new production, revenue records; boldly beats expectations

By: Henry Lazenby     9th August 2016 Precious metals streaming firm Franco-Nevada Corp has doubled net income for the quarter ended June 30, hitting new gold-equivalent ounce (GEO) output and revenue records. The Toronto-based firm reported a 75% year-on-year surge in adjusted earnings to $40-million, or $0.22 a share, beating Wall... 

NAP narrows Q2 net loss as it transitions to new mining method

By: Henry Lazenby     6th August 2016 Primary palladium producer North American Palladium has narrowed its second-quarter loss to C$9.9-million, or C$0.17 a share, despite low metal prices and underground production challenges at its Lac des Iles (LDI) palladium mine, in north-western Ontario. Revenue at C$39.9-million, for the three... 

Amplats commissions quick-return chrome plant 

By: Martin Creamer     5th August 2016 A new chrome recovery plant has been commissioned at Anglo American Platinum’s (Amplats’) Amandelbult mine in Limpopo province. The chrome plant, which cost R400-million, should generate additional free cash flow at current prices of between R350-million and R400-million a year. (Also watch... 

Amplats commissions quick-return chrome plant
Anglo American Platinum CEO Chris Griffith outlines quick-freturn chrome project to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Nicholas Boyd.

Northam secures new R1.5bn revolving credit facility

     5th August 2016 JSE-listed Northam Platinum has secured a new R1.5-billion five-year revolving credit facility to replace its existing R1-billion revolving credit facility which matures in November. The new facility strengthens Northam’s balance sheet in support of its key strategic initiatives, including the... 

Gold steady as equities drop, Fed rate hike prospects wane

By: Reuters     3rd August 2016 Gold held on to the previous session's gains on Wednesday as Asian stocks stumbled and weak US economic data undermined expectations of a near-term interest rate hike. The metal has had a stellar year so far, surging about 28%, as investors sought the safe-haven asset amid mounting economic... 

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