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Platinum Group Metals News

Wits to host earthmoving, maintenance courses

By: Nadine James     17th August 2018 The University of Witwatersrand (Wits) Centre for Mechanised Mining Systems – part of the Wits Mining Institute (WMI) – will present three-day courses in mechanised earthmoving and in maintenance management in November.  WMI director professor Fred Cawood is delighted to introduce the first two... 

Amplats starts construction on Polokwane sulphur dioxide abatement project

By: Anine Kilian     16th August 2018 Construction of the sulphur dioxide (SO2) abatement project at Anglo American Platinum’s (Amplats’) Polokwane smelter got under way on Thursday. The company will implement new wet sulphuric acid (WSA) technology at the smelter and will ultimately reduce SO2 emissions by an estimated 96%, to... 

Farlam unhappy with snail pace in implementation of his Marikana recommendations

By: African News Agency      16th August 2018 Retired judge Ian Farlam, who chaired the government-instituted judicial commission of inquiry into the August 2012 Marikana massacre – in which at least 44 people including protesting Lonmin mineworkers, police officers, and security officials were killed in Marikana, outside Rustenburg – on... 

Russian miners explore payment schemes eschewing dollar

By: Reuters     15th August 2018 Two of Russia's biggest mining companies said on Wednesday they were investigating rouble-based payments schemes, amid calls from Moscow to reduce the role of the US dollar in Russian trade and so limit the impact of US sanctions. The Kremlin said on Monday that Russia favoured bilateral trade... 

Russian miners explore payment schemes eschewing dollar

We made significant progress in Marikana, says Lonmin

By: African News Agency      15th August 2018 Platinum producer Lonmin has made significant progress in delivering on its commitment to the Marikana community, the company said on Wednesday. "Housing has been a key focus of the company’s social and labour plans, with modern housing developments being built for many of its employees," said... 

We made significant progress in Marikana, says Lonmin
Lonmin CEO Ben Magara

Atlatsa narrows Q2 headline loss, restructure plan set for Q4 completion

By: Simone Liedtke     14th August 2018 JSE- and TSX-listed Atlatsa Resources’ headline basic and diluted loss a share narrowed to $0.04 in the second quarter, ended June 30, from $0.22 in the second quarter of 2017. The company on Tuesday said this movement was based on the loss attributable to the shareholders of the company of... 

Mining production increases 2.8% y/y in June

By: Marleny Arnoldi     14th August 2018 Mining production increased by 2.8% year-on-year in June, from a 1.8% decline in May, with the largest positive contributor being platinum group metals (PGMs), which rose by 28.2% and contributed 5.9 percentage points, says Statistics South Africa (Stats SA). Other positive contributors were... 

Nornickel earnings jump on higher metal prices, operational efficiencies

By: Simone Liedtke     13th August 2018 Nickel and palladium producer Norilsk Nickel (Nornickel) reported a 77% year-on-year increase to $3.1-billion in earnings before interest, taxes, depreciation and amortisation (Ebitda) in the first half of 2018, driven by higher metal revenue and operational efficiency gains. The Ebitda margin... 

Nornickel earnings jump on higher metal prices, operational efficiencies
Vlaidmir Potanin

Ivanhoe advances projects in ‘productive’ Q2

By: Marleny Arnoldi     13th August 2018 Canadian miner Ivanhoe Mines had a productive second quarter ended June 30, with underground development at the planned initial copper mine at Kakula, in the Democratic Republic of Congo (DRC), making steady progress. The mine is expected to reach the high-grade copper mineralisation later this... 

Ivanhoe advances projects in ‘productive’ Q2
Ivanhoe's Platreef exploration

Unisa, Mintek officially launch shared imaging facility

By: Nadine James     10th August 2018 The University of South Africa (Unisa) and Mintek officially launched their shared Materials Imaging Laboratory, and specifically their recent acquisition of an X-ray microscope (XRM), which enables both institutions to carry out advanced mineral and material research. In 2017, Unisa and Mintek... 

Hundreds gather in Brits to demand jobs at mines

By: African News Agency      8th August 2018 Hundreds of unemployed people have gathered at the Brits sports ground in the North West province, ahead of a march to mining companies in the area to demand jobs. Provincial chairperson of the Village, Township and Small Dorpies  (VTSD) Chamber of Commerce in North West, Robert Ngwenya, said... 

CITIC Metal another step closer to acquiring a stake in Ivanhoe

By: Marleny Arnoldi     8th August 2018 China State-owned investment company CITIC's subsidiary CITIC Metal has completed its confirmatory due diligence and has received internal approvals necessary to complete the long-term, strategic cooperation and investment agreement with Canadian miner Ivanhoe Mines. This followed a high-level... 

Govt must play role in limiting large-scale retrenchment – RBPlat 

By: Martin Creamer     7th August 2018 Government must play a role in limiting large-scale retrenchment in the platinum sector by potentially incentivising companies to curb job loss. Mineral Resources Minister Gwede Mantashe has objected strongly to the retrenchment plans of Impala Platinum in particular and Royal Bafokeng Platinum... 

Govt must play role in limiting large-scale retrenchment – RBPlat
Royal Bafokeng Platinum CEO Steve Phiri interviewed by Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Photographs: Dylan Slater

AMCU threatens strike action at Implats over planned job cuts

By: Anine Kilian     7th August 2018 The Association of Mineworkers and Construction Union (AMCU) has threatened industrial strike action at Impala Platinum (Implats) if talks with the company over its plans to cut 13 000 jobs and shut down five mines are not successful. Implats announced last week that it would cut its workforce by... 

Heavy-handed laws not needed to transform mining – RBPlat 

By: Martin Creamer     6th August 2018 The growth of the once small community-based Royal Bafokeng Platinum (RBPlat) into the fully fledged mining company that it is today, provides ample evidence that transformation is best served by collaborative partnerships rather than heavy-handed laws. “Anglo American Platinum have been an... 

Heavy-handed laws not needed to transform mining – RBPlat
Royal Bafokeng Platinum CEO Steve Phiri presentation covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd. Photographs: Dylan Slater

Sibanye-Stillwater to swing to H1 profit

By: Marleny Arnoldi     3rd August 2018 Precious metals producer Sibanye-Stillwater’s Southern Africa platinum group metals (PGMs) operations have produced about 569 000 oz of platinum, palladium, rhodium and gold (4E) PGMs at an all-in sustaining cost (AISC) of about R10 110/oz for the six months ended June 30. This means Sibanye is... 

World's priciest precious metal set to blossom as shortage looms

By: Bloomberg     3rd August 2018 The world’s most expensive precious metal is set to get even pricier as a mining retreat in South Africa threatens a supply shortage. Rhodium – a byproduct of platinum mining that’s used in the chemical sector and by the auto industry in catalytic converters – has more than trebled in value since... 

Number of female mineworkers gradually increasing as technology and conducive policies are introduced

By: Nadine James     3rd August 2018 The mining industry remains male dominated and much can still be done to address issues that specifically affect women. However, policies aimed at attracting, supporting and retaining women have led to a gradual, but steady increase in the number of women in core roles, as well as the industry in... 

Number of female mineworkers gradually increasing  as technology and conducive policies are introduced

Implats’ R2.7bn cut of 13 000 jobs, five shafts, 230 000 oz, evokes Minister’s rebuke 

By: Martin Creamer     2nd August 2018 The drastic R2.7-billion restructure of the Impala Rustenburg mine, involving the loss of 13 000 jobs, the closure of five shafts and cutting of 230 000 oz out of yearly platinum production, has evoked a strong rebuke from the Mineral Resources Minister Gwede Mantashe, who has accused Impala... 

Implats’ R2.7bn cut of 13 000 jobs, five shafts, 230 000 oz, evokes Minister’s rebuke
Photo by Creamer Media
Implats CEO Nico Muller (left) and Implats group mining engineer Thabile Makgala

Resources Watch  

2nd August 2018 Kumba ‘very bullish’ on exploration prospects; Premium prices being paid for Kumba’s quality iron-ore; And, Anglo Platinum taking steps to reverse unjustified investor bearishness 

Resources Watch
Resources Watch

Implats to shed 13 000 jobs over two years

By: Martin Creamer     2nd August 2018 Platinum group metals mining company Impala Platinum (Implats) on Thursday announced a strategic review of its Impala Rustenburg mine, which involves reducing its labour complement from 40 000 to 27 000 over two years, a reduction of 13 000. The Johannesburg Securities Exchange-listed company... 

Implats to shed 13 000 jobs over two years
Photo by Dylan Slater
Implats CEO Nico Muller

Sylvania achieves record production of 4E ounces in Q4

By: Simone Liedtke     31st July 2018 Aim-listed Sylvania Platinum achieved record production of 20 278 oz of platinum, palladium, rhodium and gold (4E) platinum group metals (PGMs) in the fourth quarter, ended June 30. This resulted in production of 71 026 oz of 4E for the financial year. 

Anglo draws line in sand for thermal coal

By: Martin Creamer     27th July 2018 Anglo American has drawn a line in the sand for its thermal coal portfolio. With 14 more years of life in existing assets, the company made it clear this week that it would engage in incremental expansion where it made sense, but not in long-term growth projects. Anglo has halved its footprint in... 

Anglo draws line in sand for thermal coal
Photo by Creamer Media
Anglo CE Mark Cutifani

Lonmin reports increased Q3 PGM sales despite lower production

By: Marleny Arnoldi     27th July 2018 Platinum producer Lonmin mined 2.6-million tonnes of ore for the quarter ended June 30, which is a 3.1% year-on-year decrease, partly reflecting the planned reduction in mining from Generation 1 shafts and in line with company strategy to reduce high-cost production in a low-cost industry... 

SA needs passive fire protection

By: Donald Makhafola     27th July 2018 Safety in mining is a high priority in South Africa, and the country needs to adopt stricter regulations regarding passive fire protection systems, says global technologies company Hilti South Africa mining, business development manager Hector Cerdio. More awareness should also be created... 

SA needs passive fire protection
FIRESTOP BARRIER Hilti South Africa was awarded new contracts this year to provide passive fire protection solutions, including the firestop, for several South African mining majors

Platinum's worst may soon be over despite record bearish bet 

By: Bloomberg     26th July 2018 Platinum’s near the lowest in a decade and hedge funds have never been so bearish – and that could be good news for prices. The commodity’s had a torrid year so far amid ample supplies and as investors lost faith in precious metals. While speculators are betting on more declines, the large... 

RBPlat expects to report narrowed H1 losses

By: Anine Kilian     26th July 2018 JSE-listed Royal Bafokeng Platinum (RBPlat) expects to report a loss a share of between 10.5c and 13.5c for the six months ended June 30, compared with a loss a share of 15c reported for the first half of 2017. Its headline loss a share is, meanwhile, expected to be between 4.5c and 7.5c,... 

Eastplats continues to oppose litigation; VP of South African operations resigns

By: Anine Kilian     26th July 2018 Anton Lubbe has resigned as VP of Eastern Platinum’s (Eastplats’) South African operations, effective August 31. The company said in a corporate update on Thursday that it would reorganise his duties between CEO Diana Hu, COO Andrea Zhang, and through the 

Innovation ‘coming out of the lab, into the field’ – Anglo

By: Martin Creamer     26th July 2018 The comprehensive technology and innovation programme being intensively conducted by diversified mining major Anglo American is coming “out of the lab and into the field”, the company told Mining Weekly Online on Thursday, when it reported continued performance improvement in the six months to... 

Innovation ‘coming out of the lab, into the field’ – Anglo
Photo by Creamer Media
Anglo American CE Mark Cutifani

Huge developments for Amplats, AngloGold, Kumba 

26th July 2018 Amplats is taking steps to reverse what it calls unjustified investor bearishness, AngloGold Ashanti is getting a new CEO and Kumba Iron-Ore is receiving strong premiums for high-grade ore. Mining Weekly Editor Martin Creamer unpacks the headlines. 

Huge developments for Amplats, AngloGold, Kumba
Huge developments for Amplats, AngloGold, Kumba

Sibanye-Stillwater concludes $500m gold, palladium stream agreement with Wheaton

By: Marleny Arnoldi     25th July 2018 JSE- and NYSE-listed precious metals miner Sibanye-Stillwater has concluded its gold and palladium stream agreement with Wheaton Precious Metals International. Sibanye has received $500-million from Wheaton in exchange for an amount of gold and palladium equal to a percentage of gold and... 

IRS to become a division of Impala Platinum

By: Marleny Arnoldi     25th July 2018 Impala Platinum Holdings (Implats) subsidiaries Impala Platinum and Impala Refining Services (IRS) have entered into a sale of business agreement for Impala to acquire the metal purchase and toll refining operations of IRS for R8-billion. IRS is now a division of Impala, rather than a standalone... 

IRS to become a division of Impala Platinum

Anglo Platinum taking steps to reverse unjustified investor bearishness 

By: Martin Creamer     23rd July 2018 Platinum group metals (PGMs) mining, refining and marketing company Anglo American Platinum (Amplats), which on Monday delivered an outstanding set of dividend-yielding financial results for the six months to June 30, is taking steps to reverse unjustified investor bearishness. After the company... 

Anglo Platinum taking steps to reverse unjustified investor bearishness
Anglo American Platinum CEO Chris Griffith responds to Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer 23/7/2018

Amplats buys Glencore’s stake in Mototolo JV, declares R3.74 dividend for H1

By: Marleny Arnoldi     23rd July 2018 JSE-listed Anglo American Platinum’s (Amplats’) subsidiary Rustenburg Platinum Mines has acquired diversified miner Glencore’s 39% stake in the companies’ joint venture (JV) Mototolo project, on the eastern limb of the Bushveld Complex, in Limpopo, for R1.5-billion. This solidifies Amplats’... 

Amplats buys Glencore’s stake in Mototolo JV, declares R3.74 dividend for H1
Photo by Creamer Media
Amplats CE Chris Criffith

Investor bearishness on platinum needs to be turned around ­– CPM 

By: Martin Creamer     23rd July 2018 There are two things that have to happen to boost platinum. One is that there will have to be ultimately further reductions in South African platinum production which is likely to happen over the next three to five years. But the bigger aspect that needs to happen more immediately is there has to... 

Investor bearishness on platinum needs to be turned around ­– CPM
CPM Group managing partner Jeff Christian speaks to Mining Weekly Online’s Martin Creamer on platinum. Video: Christo Greyling. Video Editing: Nicholas Boyd.

AngloGold chairperson warns South Africa on 'reckless' mining rules

By: Bloomberg     20th July 2018 South Africa risks driving away new investment and crippling its mining sector if “reckless” new rules are implemented, according to AngloGold Ashanti chairperson Sipho Pityana. The latest Mining Charter, which is aimed at sharing the benefits of the country’s mineral wealth more equally among... 

AngloGold chairperson warns South Africa on 'reckless' mining rules
Photo by Creamer Media
AngloGold chairperson Sipho Pityana

AfriSam offers ‘mine-ready’ concrete, technical expertise

By: Melissa Zisengwe     20th July 2018 As many built structures in the mining environment require the use of aggregates, cement and concrete, leading construction materials supplier AfriSam can collaborate with contractors and mines to design and provide specialist concrete mixes. In addition to offering customised concrete for the... 

AfriSam offers  ‘mine-ready’ concrete, technical expertise
MINE READY AfriSam processes and systems ensure high quality consistent readymix concrete products

Lawyer not ‘distressed’ by possibility of Mining Charter being finalised in October

By: Nadine James     20th July 2018 The successful two-day Mining Summit – proposed by Minerals Resources Minister Gwede Mantashe previously – provided a platform for stakeholders to voice their concerns during, substantive discussions on nearly all aspects of the revised Mining Charter, says Hogan Lovells partner and mining head... 

Lawyer not ‘distressed’ by possibility of Mining Charter  being finalised in October
Photo by Creamer Media
WARREN BEECH The summit, and what has resulted from it, has resulted in a different, more positive, scenario

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