http://www.miningweekly.com
R/€ = 0.15 Change: 0.00
R/$ = 0.14 Change: 0.00
Au 1338.83 $/oz Change: 0.00
Pt 1054.50 $/oz Change: 0.00
 

Platinum Group Metals News

Investor confidence ‘concerning’, key to industry growth

By: Aarifah Nosarka     23rd September 2016 The South African mining sector needs policies that recognise the type of investment that mining demands and which reduce the risks related to investing in long-term projects to encourage investment in the sector, says Chamber of Mines (CoM) CEO Roger Baxter. He tells Mining Weekly that the... 

Limpopo miner chooses rope-based conveyor system to overcome topographical challenges

By: Dylan Slater     23rd September 2016 Limpopo-based platinum mine Booysendal Platinum – a subsidiary of platinum group metals producer Northam Platinum – recently accessed the Booysendal South ore deposit as part of its expansion of mining capacity at the Booysendal concession, which required it to employ an alternative conveyor... 

No future for conventional mining methods in South Africa – Amplats

By: Ilan Solomons     23rd September 2016 To remain relevant in the South African mining industry, mines will have to substantially change how they operate and Anglo American Platinum (Amplats) mining head Frik Fourie does not see any future for conventional mining methods in South Africa. “Conventional mining methods are no longer a... 

No future for conventional mining methods  in South Africa – Amplats
IMPROVING SAFETY Mechanisation was intended to remove mineworkers from dangerous work areas and would assist in the sector achieving goal of zero harm

Resources Watch 

     22nd September 2016 ARM keen to do more in platinum; And, mines need to rethink traditional business models, says software developer 

Resources Watch
Resources Watch

Pan African investigating R1.7bn gold tailings project 

By: Martin Creamer     21st September 2016 Gold mining company Pan African Resources is investigating a large gold tailings retreatment project at its Evander mines in Mpumalanga. Underwritten proposals have been received for the full financing package for the Elikhulu project, which will require an estimated capital expenditure of... 

Pan African investigating R1.7bn gold tailings project
Pan African CEO Cobus Loots outlines growth plans to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer. 21.9.2016

Pallinghurst suffers H1 losses as market strains continue

By: Megan van Wyngaardt     21st September 2016 Diversified investment company Pallinghurst Resources on Wednesday reported another interim loss of $32-million for the six months ended June 30. This was, however, a significant improvement on the loss of $149-million incurred in the six months to June 30, 2015, owing to improved commodity... 

Pan African profit soars, dividend increased

By: Martin Creamer     21st September 2016 A year of record gold production has resulted in the Pan African Resources group delivering an outstanding set of results. In the 12 months to June 30, the gold mining operations of the London- and Johannesburg-listed company saw particularly outstanding performance from its Evander mines, which... 

Pan African profit soars, dividend increased
Photo by Duane Daws
Pan African CEO Cobus Loots

South African ‘Mining Hall of Fame’ on way – Swanepoel

By: Martin Creamer     20th September 2016 A South African ‘Mining Hall of Fame’ is on the way. Revealing this at a pre-Joburg Indaba presentation on Tuesday, chairperson Bernard Swanepoel noted that South Africa was odd mining jurisdiction out in not having a mining hall of fame. 

South African ‘Mining Hall of Fame’ on way – Swanepoel
Photo by Duane Daws
Joburg Indaba chairperson Bernard Swanepoel

SA’s cost-of-doing-business ranking badly down – Chamber

By: Martin Creamer     20th September 2016 South Africa has plummeted to an abysmally low level in the World Bank’s 160-country cost-of-doing-business rankings. On the bank’s Doing Business scale, which measures the fitness of a country’s economy to grow and compete, South Africa has tumbled 15 notches since 2007, from position number 58,... 

SA’s cost-of-doing-business ranking badly down – Chamber
Chamber of Mines CEO Roger Baxter

Wage talks between South Africa's Amplats, union hit deadlock

By: Reuters     20th September 2016 A South African union declared a wage dispute with the world's top platinum producer and a unit of Anglo American on Tuesday after negotiations deadlocked, setting the stage for a potential strike. The National Union of Mineworkers (NUM) said in a statement it had rejected the latest offer of a... 

Froneman says Zuma must quit

By: Bloomberg     20th September 2016 South African President Jacob Zuma “has to go,” with poor governance deterring prospective investors, according to the head of Sibanye Gold, the biggest producer of bullion in the country. “Any solid investor, any solid company is founded on good governance and what we have in South Africa at the... 

Froneman says Zuma must quit
Photo by Duane Daws
Sibanye CEO Neal Froneman

Despite reaching production vein, PTM lowers guidance again as stoping delays weigh

By: Henry Lazenby     19th September 2016 South Africa-focused miner Platinum Group Metals (PTM) has again lowered its production guidance for the first year of operations at its Maseve mine, in South Africa, citing a delay in ramping up stoping tonnes. Despite monthly output at Maseve increasing to 1 893 oz of platinum, palladium,... 

Bakubung community to acquire housing estate from Wesizwe Platinum

By: Megan van Wyngaardt     16th September 2016 The Bakubung Ba Ratheo (BBR) community, which falls within Wesizwe Platinum’s Bakubung mine (BPM) development area, is seeking to acquire the Gabonewe Housing Estate, established for the BPM housing development project. The construction of the estate will entail 801 mixed-use residential housing... 

Completion of fuel cell projects earmarked for 2017

By: Aarifah Nosarka     16th September 2016 Platinum producer Impala Platinum (Implats) is finalising the development of a fuel cell-driven load haul dumper (LHD) prototype, which it expects to be ready for trials in underground mines by the end of next year, fuel cell coordinator Fahmida Smith tells Mining Weekly. Diesel-fueled LHDs are... 

Foundry and engineering company clinches several contracts

By: David Oliveira     16th September 2016 Foundry and engineering company Thos Begbie & Co received a number of orders recently to refurbish and manufacture furnace and smelting equipment, after orders from Southern Africa furnace operators dropped significantly from November last year to July this year. Thos Begbie & Co outgoing CEO... 

National project more than halfway to meeting goal

By: Aarifah Nosarka     16th September 2016 The National Hydrogen and Fuel Cells Technologies Flagship Project, or Hydrogen South Africa (HySA), is more than halfway through its 15-year timeline and 40% of the milestones on the road to achieving the goal of commercialisation of locally developed fuel cell technology on the international... 

National project more than  halfway to meeting goal
MAKHAPA MAKHAFOLA The biggest potential new market will be the automotive sector

Price deflation of fuel cells depends on uptake

By: Aarifah Nosarka     16th September 2016 In spite of the current costs involved in the production of fuel cells, platinum producer Impala Platinum (Implats) is positive that the deployment and uptake of the technology will will improve the technology’s affordability. Implats fuel cell coordinator Fahmida Smith tells Mining Weekly that... 

Price deflation of fuel cells depends on uptake
BOLD MOVES Fuel cell technologies have the potential to provide access to affordable, safe, clean and reliable energy

South Africa must embrace new fuel cell manufacturing industry

By: Aarifah Nosarka     16th September 2016 South Africa needs to become a manufacturer of fuel cell components and associated technologies using platinum-group metals (PGMs). This will create additional revenue streams, as well as skilled and semi-skilled employment in the alternative-energy developing sector to participate in the growth... 

South Africa must embrace new fuel cell manufacturing industry
VINAY SOMERA The fuel cell industry is poised for growth, but uptake remains 'bedevilled' by high capital costs of products and a lack of refuelling infrastructure

Swedish fuel cell company grows management team

     16th September 2016 Fuel cell company PowerCell Sweden last month announced that it would strengthen its management team to enhance customer focus and further strengthen the company’s product development process, owing to steady growth in Swedish and international markets. The company’s products are distributed in... 

‘Major setback’ as year-to-date mining fatalities top 61

By: Ilan Solomons     16th September 2016 South African mining industry stakeholders must collectively adopt the fundamental stance that if mines cannot undertake mining safely, they should not mine at all, until the necessary measures have been put in place to protect the lives of all mineworkers, Department of Mineral Resources (DMR)... 

‘Major setback’ as year-to-date mining fatalities top 61
PUTTING SAFETY FIRST The Department of Minerals Resources is ‘gravely concerned’ about the continuing loss of life at South Africa’s mines

Amplats takes another step towards fuel cell realisation

By: Martin Creamer     15th September 2016 In the latest step towards the potential adoption of zero-emission fuel cell technology on a large scale, platinum mining company Anglo American Platinum (Amplats) on Thursday announced an investment in a company engaged in small-scale gas-to-liquids technology that converts flare gas, natural... 

Amplats takes another step towards fuel cell realisation
Photo by Duane Daws
Anglo American Platinum executive marketing head Andrew Hinkly

Policy environment failing South African mining – professor

By: Martin Creamer     15th September 2016 South Africa’s policy environment is failing its mining industry, which is suffering an inability to attract investment. In terms of the weighted average cost of capital (WACC), South Africa is trailing many other mining jurisdictions owing to its unstable political economy. 

Policy environment failing South African mining – professor
Photo by Duane Daws
Southern African Institute of Mining and Metallurgy mineral economics division chairperson Professor Michael Solomon

Wesizwe FD resigns

     15th September 2016 Wenliang Ma has resigned as Wesizwe Platinum FD. The Wesizwe board thanked him for his valuable contribution to the company. 

CME Group says to launch precious metals spread, ratio contracts

By: Reuters     15th September 2016 CME Group announced on Wednesday it is launching three new contracts to begin trading on October 24, pending review. CME Group is launching the first-ever precious metals spread and ratio futures contracts, said Miguel Vias, CME Group's head of precious metals. 

Platinum miner says mechanisation, modernisation is only way forward  

By: Ilan Solomons     13th September 2016 To remain relevant in the South African mining industry, mines will have to substantially change how they operate and Anglo American Platinum (Amplats) mining head Frik Fourie does not see any future for conventional mining methods in South Africa. “Conventional mining methods are no longer a... 

Platinum miner says mechanisation, modernisation is only way forward
Amplats mining head Frik Fourie discusses some of the technologies the company is developing. Camerawork: Ilan Solomons. Editing: Lionel da Silva.

Amplats to rebuild Waterval furnace, expects production loss of up to 100 000 oz

By: Megan van Wyngaardt     13th September 2016 Anglo American Platinum (Amplats) expects its production for the 2016 financial year to be between 70 000 oz and 100 000 oz lower than previous estimates, owing to the R125-million rebuild of one of its furnaces. A leak of molten furnace matte was detected at the furnace at Amplats’ Waterval... 

Amplats to rebuild Waterval furnace, expects production loss of up to 100 000 oz

Mining needs disruptive digital change, Electra Mining conference hears

By: Martin Creamer     12th September 2016 The mining industry, which has a past of intervening with key technologies at critical times, is currently at an important leverage point that requires disruptive change. Envisaged is that disruptive change will be supported by the interaction of people, process and technology and definitely not... 

Mining needs disruptive digital change, Electra Mining conference hears
Photo by Duane Daws
Telstra Mining Services head Jeanette McGill

ARM keen to do more in platinum 

By: Martin Creamer     9th September 2016 Diversified mining company African Rainbow Minerals (ARM), which has reached agreement to increase its holding in the Two Rivers platinum mine to 54%, is keen on enlarging its overall platinum base still further. The Two Rivers mine on the eastern limb of the Bushveld Complex achieved record... 

ARM keen to do more in platinum
African Rainbow Minerals (ARM) CEO Mike Schmidt talks to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer.

RBPlat, Implats extend royalty mining agreement

By: Megan van Wyngaardt     8th September 2016 Royal Bafokeng Platinum (RBPlat) and Impala Platinum (Implats) have agreed to expand the mining area covered by the parties’ 2010 6 and 8 shafts royalty agreement, adding about 360 000 oz of platinum, palladium, rhodium and gold (4E) to Implats’ resource. The royalty agreement affords Implats the... 

Globally competitive mining legislation critically important – Motsepe 

By: Martin Creamer     8th September 2016 Globally competitive mining legislation is critically important for South Africa, African Rainbow Minerals (ARM) executive chairperson Patrice Motsepe said on Thursday when he gave his full backing to the “once empowered, always empowered” principle currently the subject of negotiation between... 

Globally competitive mining legislation critically important – Motsepe
African Rainbow Minerals executive chairperson Patrice Motsepe talks to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer 8.9.2016

Resources Watch  

     8th September 2016 Platinum industry not mining anywhere near forecast demand Roodepoort Rocket back as DRDGold pays off-charts dividend And, mining project enquiries on the rise 

Resources Watch
Resources Watch

Platinum council widens forecast deficit for 2016

By: Natasha Odendaal     8th September 2016 Despite a rebound in supply in the second quarter of the year, the World Platinum Investment Council (WPIC) has widened its forecast platinum deficit by 64 000 oz for 2016 on the back of “little evidence” to support rising output over the medium term. The eighth Platinum Quarterly, prepared by... 

ARM pays lower dividend as earnings plummet

By: Martin Creamer     8th September 2016 The headline earnings of diversified mining company African Rainbow Minerals (ARM) decreased 40% to R1 051-million in the 12 months to June 30. Earnings a share were 494c, compared to 803c last financial year. 

ARM pays lower dividend as earnings plummet
Photo by Duane Daws
African Rainbow Minerals (ARM) executive chairperson Patrice Motsepe

Sibanye to be included in FTSE/JSE Top 40 index

By: Creamer Media Reporter      7th September 2016 JSE- and NYSE-listed Sibanye will, from September 19, be included in the FTSE/JSE Top 40 index. It will initially be ranked thirty-fourth on the index. 

Sibanye to be included in FTSE/JSE Top 40 index
Photo by Darlene Creamer
Sibanye CEO Neal Froneman

Platinum rises most in four months as rand boosts mine-cost outlook

By: Bloomberg     7th September 2016 Platinum futures had the biggest gain in more than four months as a rise in South Africa’s rand spurred speculation that production costs will rise. The rand led gains in emerging-market currencies as data showed South Africa’s economy expanded last quarter on a rebound in mining and factory... 

Platinum rises most in four months as rand boosts mine-cost outlook

AMCU, platinum mines fail to reach wage deal

By: Reuters     6th September 2016 South Africa's biggest platinum mine-workers' union and the industry have failed to reach a deal on workers' pay, the union said on Monday, raising the prospect of industrial action in the world's top producer of the white metal. The Association of Mineworkers and Construction Union (AMCU), which... 

Chamber sees people-centred mine modernisation as major boost for economy  

By: Martin Creamer     6th September 2016 While the modernisation of South Africa’s gold and platinum mines will be a major boost to the South African economy, failure to modernise will put a huge number of jobs at risk. Work done to date indicates that modernisation extends mine life materially, while also preserving mining employment,... 

Chamber sees people-centred mine modernisation as major boost for economy
Chamber of Mines senior executive: modernisation and safety Sietse van der Woude talks to Mining Weekly Online’s Martin Creamer. Video & Video Editing: Nicholas Boyd.

Mining project enquiries on the rise – Amec Foster Wheeler 

By: Martin Creamer     2nd September 2016 Although the mining project business is currently depressed, the increased number of enquiries for potential studies is indicative of an uplift in demand. Amec Foster Wheeler regional director: mining Africa Gavin Chamberlain reports that with the integration of MDM Engineering into the group,... 

Mining project enquiries on the rise – Amec Foster Wheeler
Amec Foster Wheeler regional director: mining Africa Gavin Chamberlain talks to Mining Weekly Online’s Martin Creamer on mining projects. Photographs: Duane Daws. Video and Video Editing: Nicholas Boyd.
First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

Projects

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Close