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Platinum Group Metals News

Mining Indaba intensely focused on driving capital into African mining 

By: Martin Creamer     11th October 2018 An investment pavilion will be introduced at the upcoming Investing in African Mining Indaba to drive capital into African mining with even greater intensity, MD Alex Grose said on Thursday. Speaking to Mining Weekly Online during a media roundtable, Grose also revealed that more time would be... 

DMR accepts Waterberg mining right application – PTM

By: Marleny Arnoldi     10th October 2018 The Department of Mineral Resources (DMR) has accepted TSX- and NYSE-listed Platinum Group Metals’ (PTM’s) mining right application for the large-scale Waterberg platinum group metals (PGMs) project. The application comprises a mining work programme, social and labour plan, and associated... 

Plea for govt to awaken to massive economic potential of mining  

By: Martin Creamer     10th October 2018 A plea for the government to awaken to the massive real potential of the South African mining sector was made on Wednesday by Eunomix CEO Claude Baissac, who decried the disincentivising of South African mining over the past 20 years as an inexplicable paradox and a massive mineral policy... 

Plea for govt to awaken to massive economic potential of mining
Eunomix CEO Claude Baissac talks to Mining Weekly Online’s Martin Creamer on South Africa’s massive mining opportunity loss. Video, Video Editing and Photographs: Christo Greyling.

Commission recommends tribunal approve RPM buyout of Mototolo

By: Marleny Arnoldi     10th October 2018 The Competition Commission has recommended to the Competition Tribunal that it approve Rustenburg Platinum Mines’ (RPM’s) acquisition of the Mototolo Joint Venture (Mototolo JV) and the movable assets of the Mototolo chrome recovery circuit. The commission found that the proposed transaction... 

Dollar shortage 'short-term problem' for miners in Zimbabwe – Minister

By: Reuters     10th October 2018 A dollar shortage that has sparked outrage from mining companies operating in Zimbabwe is a "short-term problem" that will be remedied by a stronger economy, the mines minister told Reuters. Zimbabwe is suffering acute shortages of US dollars, deterring foreign capital from helping the ailing... 

Mercedes-Benz rolls out fuel-cell SUV to tackle tech hurdles

By: Bloomberg     10th October 2018 Mercedes-Benz will soon start handing over its latest fuel-cell electric car to fleet customers to keep a toe-hold in a promising technology that’s been hampered by the difficulties of storing and refueling hydrogen. The Mercedes-Benz GLC F-Cell model combines a fuel cell with a battery that can... 

Mercedes-Benz rolls out fuel-cell SUV to tackle tech hurdles

Platreef Shaft 1 intersects Flatreef deposit at 780 m below surface

By: Creamer Media Reporter      10th October 2018 Shaft 1 at Ivanplats’ Platreef project has reached the top of the high-grade Flatreef deposit at 780.2 m below surface. This is the first time that the Platreef – a strongly mineralised, polymetallic belt that extends northward from the town of Mokopane for more than 30 km – has been intercepted... 

Platreef Shaft 1 intersects Flatreef deposit at 780 m below surface

Tribunal to consider Sibanye, Lonmin merger at Oct 18 hearing

By: Tasneem Bulbulia     9th October 2018 The Competition Tribunal will hold hearings into the proposed merger between Sibanye-Stillwater and Lonmin on October 18 and 19. Precious metals miner Sibanye in December made an all-share offer to acquire platinum group metals producer Lonmin, with the offer valuing Lonmin at about R5.15-billion. 

Tribunal to consider Sibanye, Lonmin merger at Oct 18 hearing
Lonmin CEO Ben Magara

Zimplats, hydrogen storage and a local borehole logging system make headlines 

9th October 2018 This week, Zimplats is held as a safety benchmark, CSIR researches hydrogen storage technologies and a local borehole logging system is going global. Mining Weekly editor Martin Creamer unpacks the headlines. 

Zimplats, hydrogen storage and a local borehole logging system make headlines
Zimplats, hydrogen storage and a local borehole logging system make headlines

Chinese delegation to witness proudly South African logging system 

By: Martin Creamer     8th October 2018 The high-ranking delegation from China, which is due to arrive in South Africa next Monday to undertake a three-week study of South Africa’s globally recognised mineral reporting codes, will be given insight during their visit into a South African borehole logging system that is poised to go... 

Chinese delegation to witness proudly South African logging system
Samcodes Standards Committee chairperson Matt Mullins interviewed by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd. Photographs: Dylan Slater.

Tharisa on track to meet 2020 targets after record FY18 production

By: Marleny Arnoldi     8th October 2018 The financial year ended September 30 bode well for JSE- and LSE-listed platinum group metals (PGMs) and chrome miner Tharisa Minerals, with record production from its Tharisa mine, in South Africa’s Bushveld Complex, record high recovery rates and a best-in-class safety accolade. “The... 

Tharisa on track to meet 2020 targets after record FY18 production
Tharisa CEO Phoevos Pouroulis

Amplats to compensate relocated Limpopo community

By: African News Agency      8th October 2018 Anglo American Platinum (Amplats) will compensate two communities in Limpopo by R55-million - 19 years after they were displaced to make way for the Mogalakwena Platinum Mine. Members of the Ga-Pila community were initially paid R6 000 per family in compensation to be relocated. They maintain the... 

MCSA hopes Mandela Platinum Coin will rival Krugerrand

By: News24Wire      5th October 2018 CEO of the Minerals Council South Africa, Roger Baxter, was upbeat following the first day of the Jobs Summit, saying the industry has a proposal to improve platinum demand, a potential growth area. The sector has been in talks with government to develop a Mandela Platinum Rand in honour of the... 

South Africa researching hydrogen storage for platinum-using fuel cells

By: Martin Creamer     5th October 2018 South Africa’s Council for Scientific and Industrial Research (CSIR) is researching innovative hydrogen storage technologies that have the potential to be key enablers of platinum-catalysed fuel cells, which generate clean electricity using hydrogen as a fuel and platinum as a catalyst. The... 

South Africa researching hydrogen storage for platinum-using fuel cells

Metso Megaliner improves safety, reduces downtime

By: Donald Makhafola     5th October 2018 Global industrial equipment and services offering company Metso has proven that its Megaliner mill lining system can result in a drastic reduction in downtime and improved safety in mining operations. The Megaliner was developed by Metso in 2012, and expanded in 2013 to include a liner... 

Metso Megaliner improves  safety, reduces downtime
FAST AND EFFECTIVE Megaliner uses fewer and larger parts improving safety, with faster installations

Costs, limited markets hampering progress towards hydrogen economy

By: Schalk Burger     5th October 2018 The use of platinum group metals- (PGMs-) based fuel cells in electricity and mobility applications is expected to provide ample commercial opportunities for South Africa, in line with worldwide trends to decarbonise electricity generation and transport. However, the high cost of these... 

Zimplats held up as mine safety benchmark at Joburg Indaba

By: Martin Creamer     4th October 2018 Zimplats platinum mine in Zimbabwe was held up as a safety benchmark at the Joburg Indaba, which on Thursday observed a minute’s silence for mining colleagues fatally injured at work. Opening the second day of the well-attended event, Gold Fields, Kumba Iron Ore and AfriTin director Terence... 

Zimplats held up as mine safety benchmark at Joburg Indaba
Terence Goodlace

Mantashe calls for marketing of platinum

By: Martin Creamer     3rd October 2018 A platinum Mandela coin should be minted and marketed and platinum-catalysed fuel cells used to power off-grid areas, Mineral Resources Minister Gwede Mantashe said on Wednesday. In his opening speech to the well-attended Joburg Indaba, Mantashe, who is seven months into the job, said he had... 

Mantashe calls for marketing of platinum
Photo by Dylan Slater
Mineral Resources Minister Gwede Mantashe (left) with Mining Weekly Online’s Martin Creamer at the Joburg Indaba.

Chinese delegation to study South Africa’s mineral codes

By: Martin Creamer     2nd October 2018 South Africa’s meticulous set of mineral reporting codes has succeeded in attracting a high-ranking Chinese delegation from the Mineral Resources and Reserves Evaluation Centre of the Ministry of Land and Natural Resources (MRREC) in Beijing. South Africa’s Samcodes Standards Committee (SSC) will... 

Chinese delegation to study South Africa’s mineral codes
Photo by Creamer Media
Samcodes Standards Committee chairperson Matt Mullins

2018 ‘challenging’ for South African mining companies – PwC

By: Marleny Arnoldi     2nd October 2018 The 12 months to June 30 proved to be a challenging year for South African mining companies, in contrast with the global mining industry, which achieved a considerable improvement in financial performance compared with the prior year. PwC on Tuesday released the tenth edition of its ‘SA Mine... 

2018 ‘challenging’ for South African mining companies – PwC
PwC energy and mining assurance partner Andries Rossouw

Northam, NUM sign three-year wage deal

By: Reuters     2nd October 2018 South Africa's National Union of Mineworkers (NUM) has signed a three-year wage deal with platinum producer Northam Platinum that secures wage hikes of more than double the inflation rate for its members, the union said on Tuesday. Depressed prices and rising costs mean South African mining... 

46-year-old man dies in accident at Lonmin mine

By: News24Wire      2nd October 2018 A 46-year-old miner has died following an underground accident at Lonmin's K3 shaft on Sunday. According to a statement by Lonmin, Tembelani Manyana – who was a team leader – died in a "fall-of-ground accident". "Mr Manyana succumbed to head injuries while being evacuated from underground. This... 

Jangada gains enviro approval for trial mining

By: Creamer Media Reporter      1st October 2018 South America-focused platinum group metals (PGM) project developer Jangada Mines on Monday announced that it had been issued an environmental licence for trial mining at the Pedra Branca project, in north-eastern Brazil. The environmental licence is the final requirement before the company can... 

Bokamoso Ba Rona Initiative seeks programme manager

By: Tasneem Bulbulia     1st October 2018 Precious metals miner Sibanye-Stillwater, the West Rand Development Agency, the Gauteng Infrastructure Financing Agency and the Far West Rand Dolomitic Water Association (FWRDWA) have issued a request for qualification (RfQ) for a suitability qualified programme manager for the multistakeholder... 

Gemfields in strong position to support planned growth

By: Simone Liedtke     28th September 2018 Gemfields Group Limited (GGL) is now in a strong position to support the planned growth of its underlying mining operations in Zambia and Mozambique, as well as to further develop its Faberge business and progress its bulk sampling in Ethiopia, it said in a report to shareholders for the six... 

Wesizwe proceeds with development despite interim losses

By: Marleny Arnoldi     28th September 2018 JSE-listed Wesizwe Platinum swung to a R14.9-million loss for the six months ended June 30, from a R19-million profit in the first half of the prior year. The basic loss a share for the period was 0.92c, compared with earnings a share of 1.17c in the prior comparable period.  

Post-Mugabe policies raising expectations for Zim platinum-sector growth

By: Nadine James     28th September 2018 Amid Zimbabwe’s policy changes after former President Robert Mugabe’s removal in November 2017 and the subsequent air of expectation, the country’s platinum sector is poised for positive growth, if not for the challenges presented by the depressed global platinum market.  The Zimbabwe Geological... 

Post-Mugabe policies raising expectations for Zim platinum-sector growth

Local strides to hydrogen economy tempered by cost, industrialisation questions

By: Schalk Burger     27th September 2018 The use of platinum group metals-based fuel cells in electricity and mobility applications is expected to provide ample commercial opportunities for South Africa, in line with worldwide trends to decarbonise electricity generation and transport. However, the high cost of these technologies,... 

Wesizwe to swing to H1 earnings loss

By: Marleny Arnoldi     27th September 2018 JSE-listed miner Wesizwe Platinum expects to report a basic loss a share attributable to ordinary shareholders of between 80c and R1.04 for the six months ended June 30. This represents a 168% to 188% decrease on the basic earnings a share of R1.17 reported for the prior comparable period.  

It's the one metal near a record, but palladium is unloved

By: Bloomberg     27th September 2018 Palladium is the only major commodity that’s within reach of an all-time high, but investors are barely buying. The metal has climbed to within about 6% of January’s record, even as holdings in exchange-traded products slumped to a nine-year low. While hedge funds have become more positive in... 

It's the one metal near a record, but palladium is unloved

RBPlat raises R239m equity capital in bookbuild

By: Martin Creamer     27th September 2018 Platinum mining company Royal Bafokeng Platinum (RBPlat) on Thursday announced the closure of a bookbuild that will result in the private placing of R239-million worth of shares that is scheduled to begin on October 2. RBPlat announced the launch of the accelerated bookbuild offering of new... 

Sibanye highlights Lonmin, DRDGold deal attractions at Denver

By: Martin Creamer     26th September 2018 The progressing Lonmin acquisition and the already done DRDGold deal have been highlighted to the Denver Gold Forum by Sibanye-Stillwater, which is currently hosting investors and analysts at its Stillwater mine in Montana. The forum heard how the Lonmin acquisition would add significantly to... 

Sibanye highlights Lonmin, DRDGold deal attractions at Denver
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Nickel Creek says Yukon project needs higher prices for development

By: Mariaan Webb     26th September 2018 Project developer Nickel Creek Platinum lost a third of its value on the TSX on Tuesday after the company announced that its flagship project in Yukon would not be advanced until prices strengthened and nickel settled in the range of $9/lb to $11/lb. Shares fell by as much as 44%, before closing... 

Lenders agree to increase Royal Bafokeng Resources’ debt facilities to R3bn

By: Simone Liedtke     25th September 2018 Nedbank and First Rand Bank, trading through its Rand Merchant Bank division, have agreed to increase Royal Bafokeng Resources’ (RBR’s) existing debt facilities from R2-billion to R3-billion. RBR, a subsidiary of Royal Bafokeng Platinum (RBPlat), earlier this year entered into an agreement to... 

Amplats CFO resigns

By: Creamer Media Reporter      21st September 2018 Ian Botha has resigned as FD of Anglo American Platinum (Amplats), effective February 18, 2019. He will be relocating abroad to pursue other opportunities.   "On behalf of the Board and Anglo American Platinum, I would like to thank Ian for his commitment and diligence during his time at Amplats.... 

Wesizwe subsidiary institutes legal action, wants Maseve transaction declared unlawful

By: Nadine James     21st September 2018 Wesizwe Platinum subsidiary Africa Wide Mineral Prospecting and Exploration has instituted legal action against TSX-listed Platinum Group Metals’ (PTM’s) wholly-owned South African subsidiary, as well as Royal Bafokeng Platinum (RBPlat), seeking to have the Maseve transaction declared unlawful.... 

Ramaphosa moves to revitalise mining, create certainty

By: Martin Creamer     21st September 2018 It is imperative that South Africa restores investment and exploration levels in the mining sector as mining and mineral beneficiation activities have significant potential to drive long term growth, exports and job growth, President Cyril Ramaphosa said in his economic stimulus and recovery plan... 

Ramaphosa moves to revitalise mining, create certainty
President Cyril Ramaphosa

Africa needs to invest in fuel cell technology

By: Donald Makhafola     21st September 2018 Countries are recognising the value and future impact that fuel cells and hydrogen technologies will provide. Now is the time for Africa to join this global movement and invest in the fuel cell future, says Washington-based global advocacy organisation Fuel Cell and Hydrogen Energy Association... 

Africa needs to invest in fuel cell technology
POWER SUPPLY South African government could legislate the use of fuel cell mini-grid systems to electrify rural communities

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