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Platinum Group Metals News

Amplats modernises, studies growth, advances fuel cell 

     21st February 2018 Anglo American Platinum’s Mogalakwena Platinum mine has gushed R4-billion worth of free, unfettered operating cash flow. Mining Weekly editor Martin Creamer speaks to Creamer Media's Sashnee Moodley about the developments. 

Sibanye-Stillwater expects to report R4.44bn attributable loss for FY17

By: Creamer Media Reporter      21st February 2018 Sibanye-Stillwater expects to report an attributable loss of R4.44-billion, or $333-million, for the year ended December 31, compared with attributable earnings of R3.47-billion, or $237-million, for the 2016 financial year. In an updated trading statement issued on Wednesday, the precious metals... 

After 2017 consolidation, mining to pre-empt future metals demand – EY

By: Schalk Burger     20th February 2018 With stronger balance sheets across the mining and metals sector, miners are increasingly returning to an investment-led strategy, which is driving a renewed focus on building portfolios that deliver sustainable shareholder returns, says multinational consultancy Ernst & Young (EY). The focus... 

After 2017 consolidation, mining to pre-empt future metals demand – EY

Implats expects to narrow H1 losses

By: Creamer Media Reporter      19th February 2018 Impala Platinum (Implats) expects to narrow its headline loss a share for the six months ended December 31 to between 17c and 26c, compared with the headline loss a share of 71c reported for the six months to December 31, 2016. Its loss a share is also expected to improve to a loss of between 19c... 

Sibanye-Stillwater’s gold, platinum reserves decrease

By: Dylan Slater     19th February 2018 Precious metals producer Sibanye-Stillwater on Monday reported that its South African gold reserves had decreased by 10% year-on-year to 25.74-million ounces as at December 31, while its total platinum, palladium, rhodium and gold, or 4E, platinum group metal mineral reserves had declined by 4%... 

Mogalakwena gushes cash as Amplats modernises, studies growth, advances fuel cell 

By: Martin Creamer     19th February 2018 The Mogalakwena platinum mine lived up to its reputation of being the most profitable platinum group metals (PGM) mine on the planet when it gushed cash and elevated a modernising, community supporting, environment protecting, growth studying and fuel-cell marketing Anglo American Platinum... 

Mogalakwena gushes cash as Amplats modernises, studies growth, advances fuel cell
Anglo American Platinum CEO Chris Griffith delivers 2017 results covered by Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Nicholas Boyd.

Mines pledge to assist RAL with provincial road infrastructure delivery projects

By: Simone Liedtke     19th February 2018 Provincial road infrastructure delivery agency Roads Agency Limpopo (RAL) has identified four opportunities for potential future strategic partnerships, which are valued at an estimated R1.12-billion, based on a preliminary technical assessment. This follows the RAL's stakeholder engagement and... 

Amplats restores dividend, productivity soars, six die

By: Martin Creamer     19th February 2018 Six employees died in a year in which Anglo American Platinum (Amplats) chalked up R2.4-billion in free cash flow generated from its operations, doubled return on capital employed to 18% and reintroduced a cash dividend for the first time in seven years. Productivity has soared by 58% since 2012... 

Amplats restores dividend, productivity soars, six die
Photo by Duane Daws
Amplats CEO Chris Griffith and FD Ian Botha

Nornickel tycoons said to avoid shoot-out sale in share dispute

By: Bloomberg     19th February 2018 Billionaires Oleg Deripaska and Vladimir Potanin’s working arrangement at MMC Norilsk Nickel is starting to fray, but the tycoons aren’t planning to trigger a so-called shoot out - a forced auction where the losing bidder must sell his stake to the winner, three people familiar with situation... 

Nornickel tycoons said to avoid shoot-out sale in share dispute
Oleg Deripaska

Leon expects mining industry to have a future under Ramaphosa’s Presidency

By: Nadine James     16th February 2018 Herbert Smith Freehills partner and Africa co-chairperson Peter Leon is cautiously optimistic that the changes signalled by newly elected President Cyril Ramaphosa will benefit South Africa’s economic recovery. In a speech to the British Chamber of Business in South Africa on Thursday evening, he... 

Leon expects mining industry to have a future under Ramaphosa’s Presidency
Photo by Duane Daws
Herbert Smith Freehills partner and Africa co-chairperson Peter Leon

Gold, platinum miners bolster business, operational plans 

     16th February 2018 It’s been an exciting week for some gold and platinum miners, with plans to improve business and operations. Mining Weekly editor Martin Creamer unpacks the headlines. 

Gold, platinum miners bolster business, operational plans
Gold, platinum miners bolster business, operational plans.

Russia's mining billionaires are back to fighting over Nornickel

By: Bloomberg     16th February 2018 The billionaire owners of Russia’s biggest mining company have revived a years-old feud. Oleg Deripaska, one of the top shareholders of MMC Norilsk Nickel, wants to stop Roman Abramovich from selling a stake in the company that may worth $1.5-billion, according to three people familiar with... 

There is new energy to ease mining industry conflict – Scholes

By: Mia Breytenbach     16th February 2018 There appears to be new political resolve to mend the relationship between the mining industry and the Department of Mineral Resources, says specialised law firm Malan Scholes director Hulme Scholes. Speaking at the IHS Markit South African Coal Export Conference, in Cape Town, on Thursday, the... 

There is new energy to ease mining industry conflict – Scholes
Photo by Duane Daws
HULME SCHOLES For the first time . . . we will see the trust deficit between the mining industry and department close

Sound policy, low risk key to attracting mining investment

By: Henry Lazenby     16th February 2018 The global equity markets have been extremely volatile in recent weeks, extending a frantic selloff in US stocks that culminated in the steepest plunge for the Dow Jones Industrial Average in six-and-a-half years. While commodities were not spared from the rout, American multinational investment... 

Sound policy, low risk key to attracting mining investment

‘Digital mine’ solution for local market launched

By: Dylan Slater     16th February 2018 In tandem with the yearly mining investment conference Investing in African Mining Indaba, digital industrial company GE launched its global Digital Mine solution onto the South African market.  

S African foundry aims to expand footprint in North America 

By: Donald Makhafola     16th February 2018 The capacity of some aspects of the smelting industry in North America, such as the steel sector, has significantly deteriorated in the past 25 years, as a result of Chinese companies dominating the market and supplying cheaper products, says South Africa-based foundry and engineering company... 

S African foundry aims to expand footprint in North America
Thos Begbie CEO Edwin Dreyer discusses the North America smelting market. Camerawork: Nicholas Boyd.

Resources Watch  

     15th February 2018 Local PGMs industry at risk, but service provider optimistic And, SA’s oldest gold mine shifts to refrigerated cooling as it reaches greater depths 

Resources Watch
Resources Watch

Northam opens R900m platinum smelter expansion

By: Martin Creamer     15th February 2018 Platinum mining company Northam on Thursday officially opened a R900-million smelter expansion at its Zondereinde platinum mine in Limpopo province. The addition of a second furnace extends the JSE-listed company’s 30-year-old partnership with metals company Heraeus, which contributed €20-million... 

Northam opens R900m platinum smelter expansion
Heraeus Precious Metals president André Christl and Northam CEO Paul Dunne

Stage one of PTM's Maseve sale to RBPlat nearing conclusion

By: Simone Liedtke     14th February 2018 All remaining conditions precedent for Platinum Group Metals' (PTM's) sale of the Maseve concentrator plant and certain surface rights to Royal Bafokeng Platinum (RBPlat) have been fulfilled or waived. Stage one of the sale of Maseve Investments 11 to RBPlat will now proceed, with a $58-million... 

Platinum market set for another surplus in 2018 – Johnson Matthey

By: Reuters     14th February 2018 The platinum market is set for another surplus this year after recording oversupply of 110 000 oz in 2017, Johnson Matthey said in a report on Wednesday, although its sister metal palladium is tipped to see another deficit. Platinum demand fell nearly 7% last year, with sharp falls seen in... 

Platinum market set for another surplus in 2018 – Johnson Matthey

Local PGMs industry at risk, but service provider optimistic 

By: Simone Liedtke     13th February 2018 South Africa – which accounts for about 80% of the global platinum-group metals (PGMs) reserve – is at risk of receiving less valuable foreign exchange, owing to ever-increasing mining costs and the uncertainty created by the socio-political strife on the local platinum belt, states South African... 

Local PGMs industry  at risk, but service  provider optimistic
Foundry and engineering company Thos Begbie CEO Edwin Dreyer and Thos Begbie sales director Piet du Preez discuss platinum-group metals. Camerawork: Nicholas Boyd.

Mugabe's fall has veteran miners jockeying for Zimbabwe comeback

By: Bloomberg     13th February 2018 Robert Mugabe’s fall as Zimbabwe president is setting the scene for the return of a London mining listing for Andrew Groves and his long-term business partner – and former England cricketer – Phil Edmonds. Groves is preparing to relist the pair’s Zimbabwe coal, chrome and gold assets in London... 

Russia says discussing road map for usage of PGMs with South Africa

By: Reuters     12th February 2018 Russia and South Africa are discussing a road map for the usage of platinum group metals (PGMs), Russian Natural Resources Minister Sergei Donskoi said in a statement on Friday. Donskoi discussed the need for more active cooperation in the usage of PGMs with his South African counterpart in... 

Northam expects to widen H1 losses

By: Creamer Media Reporter      9th February 2018 Northam Platinum expects to have widened its interim loss a share and headline loss a share by 20% to 40%. The platinum miner on Friday said it was likely to post a loss a share of 77.7c to 90.7c for the six months ended December 31, compared with the loss a share of 64.8c reported for the six... 

Industry, environment lobby cautiously optimistic as Canada tables new enviro review rules

By: Henry Lazenby     9th February 2018 Ottawa on Thursday tabled new legislation to improve the federal environmental assessment process for mining projects. The legislation is aimed at strengthening and restoring the credibility of Canada's environmental laws. 

Industry, environment lobby cautiously optimistic as Canada tables new enviro review rules

Connectivity can help PGM mines’ sustainability

By: Simone Liedtke     9th February 2018 Underground connectivity in platinum-group metals (PGMs) operations in South Africa is expected to increase, assisting the struggling sector in predicting failures before they take place, thereby reducing the impact on operations, says mining equipment and services provider Sandvik Mining & Rock... 

Connectivity can  help PGM mines’ sustainability
NEIL MCCOY Greater adoption of underground connectivity is required to develop smart mines in the platinum-group metals mining industry

Overlooking TCO costs companies money

By: Paige Müller     9th February 2018 Misconceptions about reducing mining companies’ total cost of ownership (TCO), including those in the platinum-group metals (PGMs) sector, result in reduced equipment life and an increase in overall operating costs, says Stilfontein-based polyurethane-moulded products designer and manufacturer... 

Overlooking TCO costs companies money
POLYURETHANE TECHNOLOGY The new Prothane Industrial Denva pump range which makes use of Polycombo technology has been well received by the market

PGM prices set to decline in 2018, after initial growth

By: Simone Liedtke     9th February 2018 The price of platinum is projected to rise this year to $1 038/oz, then decline to an average price of $862/oz, with palladium expected to reach a high of $1 168/oz and decline to an average price of $948/oz, forecasts 2017 London Bullion Market Association Survey winner Glyn Stevens. 

PGM prices set  to decline in 2018,  after initial growth
Photo by Bloomberg
INITIAL PLATINUM INCREASE The price of platinum is projected to rise this year to $1 038/oz, then decline to an average price of $862/oz

Work persists on S African platinum coin despite initial resistance

By: Simone Liedtke     9th February 2018 This year is shaping up to be another strong year for London-based World Platinum Investment Council’s (WPIC’s) market development efforts, with several new partnerships agreed to and existing agreements flourishing, says WPIC research director Trevor Raymond.  

Work persists on S African platinum coin despite initial resistance
DRIVING FORCE There is increased public and investor awareness of how well-suited fuel cell electric vehicles, such as the comercially available Toyota Mirai, are to support efforts to reduce carbon dioxide emissions

Mining-specific staff recruitment, management app developed

By: Mia Breytenbach     9th February 2018 To refine and improve the execution of recruitment within the mining industry, mining and engineering professionals recruiter TrueVine Consulting has developed a new, innovative online recruitment platform, called Digger. “Digger is a digital recruitment, talent management and staff retention... 

Mining-specific staff recruitment,  management app developed
DIGGING IT Through the Digger app mining professionals are informed of available positions globally, directly on their mobile devices

Platforms for mines ‘to talk to communities as partners, not beneficiaries’, lacking – consultant

By: Nadine James     9th February 2018 Although prevailing perception between mines and communities are characterised by growing levels of mistrust, South Africa has seen breakthroughs with mining companies establishing community partnerships, says SRK Consulting’s corporate social responsibility and development consultant Tim Hart.... 

Platforms for mines ‘to talk to communities as partners, not beneficiaries’, lacking – consultant
TIM HART It is not the mining sector’s place to meddle in community politics, rather it should try to provide the platforms that enable the formation of partnerships

Ivanhoe Mines appoints new executive vice chair

By: Henry Lazenby     8th February 2018 Africa-focused explorer and project developer Ivanhoe Mines has appointed veteran mining analyst Egizio Bianchini as its new vice chairperson, effective March 12. Bianchini was most recently employed as the vice chairperson and co-head of BMO Capital Markets' Global Metals & Mining Group for 29... 

Political shifts lift investor mood in Southern African mining

By: Reuters     8th February 2018 Mining is a long-term game, but in Southern Africa dramatic political changes have transformed the investment mood for the better in the space of a year. Angola's Jose Eduardo dos Santos and Zimbabwe's Robert Mugabe stepped down in 2017 after a combined 75 years in office, while the election of... 

Zimbabwe to consider waivers on platinum, diamonds ownership law

By: Bloomberg     8th February 2018 Zimbabwe will consider applications from companies mining platinum or diamonds to be exempted from a requirement that they be at least 51% owned by black citizens of the country. The government wants companies to show they have a plan to achieve compliance before it will consider granting... 

Big Mining Indaba thinking for 2019’s quarter-century milestone

By: Martin Creamer     8th February 2018 This year’s Investing in African Mining Indaba has just ended here and the organisers are already putting their thinking caps on to make next year’s twenty-fifth anniversary of the event a grand affair. The names Cyril Ramaphosa, Elon Musk and the top who’s who of global and African mining are... 

Big Mining Indaba thinking for 2019’s quarter-century milestone
Photo by Duane Daws
Investing in African Mining Indaba MD Alex Grose

Chamber-mentored black emerging miner hits high spots in contest

By: Martin Creamer     7th February 2018 Chamber of Mines-mentored black emerging mining company Opal Mining on Wednesday hit the high spots on the investment battlefield stage at the Investing in African Mining Indaba. Opal, headed by group executive chairperson Paul Ranamane succeeded in reaching the semi-finals of a tough... 

Chamber-mentored black emerging miner hits high spots in contest
Photo by Martin Creamer
Opal Mining chairperson Paul Ranamane

New dawn for platinum mining – Robert Friedland

By: Martin Creamer     7th February 2018 New cars being produced in Japan have platinum- and copper-intensive fuel cell drives that outdo battery-powered electric vehicles (EVs) in cold climates as the EV batteries drain when the heaters are switched on, Ivanhoe Mines executive chairperson and founder Robert Friedland said on Wednesday.... 

New dawn for platinum mining – Robert Friedland

New Nornickel JV targets up to 100 t/y of PGMs

By: Mariaan Webb     7th February 2018 Palladium and nickel miner Norilsk Nickel (Nornickel) has entered into a strategic partnership agreement with Russian Platinum, in terms of which the companies will establish a joint venture (JV) to develop disseminated ore deposits in the Norilsk industrial district. The 50:50 JV aims to be one... 

New Nornickel JV targets up to 100 t/y of PGMs
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