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Platinum Group Metals News

Tharisa to list on South Africa’s A2X exchange

By: Marleny Arnoldi     30th January 2019 JSE- and LSE-listed platinum-group metals (PGMs) and chrome producer Tharisa has been approved for a secondary listing on A2X Markets, effective February 6. Tharisa has a market capitalisation of R5.1-billion and has its primary listing on the JSE, and a secondary standard listing on the main... 

Jogmec to establish Johannesburg office as African base to meet Japan's natural resource needs

By: Simone Liedtke     29th January 2019 The Japan Oil, Gas and Metals National Corporation (Jogmec) will open an office in Johannesburg on February 1. This brings the number of international Jogmec offices to 14. 

Palladium theft rampant – FT 

By: Martin Creamer     29th January 2019 Palladium, used in catalytic converters that reduce harmful petrol vehicle emissions, is catalysing a crime wave in the UK, says the Financial Times (FT) of London. “Thieves are stealing catalytic converters – often in broad daylight – and selling the devices to illegal scrap dealers for cash,”... 

Palladium theft rampant – FT
Photo by Bloomberg
A bar of palladium.

North American Palladium achieves guidance

By: Tasneem Bulbulia     29th January 2019 Toronto-headquartered North American Palladium produced a total of 237 461 oz of payable palladium in 2018, meeting the upper half of its 2018 guidance of between 230 000 oz and 240 000 oz. The 2018 production is also an increase of 18% on the 201 592 oz of palladium produced in 2017. 

West Kytlim mining contract agreed for 2019 season

By: Tasneem Bulbulia     28th January 2019 London-listed precious metals producer Eurasia Mining on Monday announced that it had hired Uralmetmash, formerly Techstroy, for the 2019 mining season at the West Kytlim platinum, palladium, rhodium, iridium and gold mine, in Russia. Techstroy was the contractor employed at the West Kytlim mine... 

Jangada doubles Jorc resource at Pedra Branca

By: Simone Liedtke     28th January 2019 The share price of Jangada Mines rose sharply on Monday morning, after the company announced an upgrade of 117% to its 2012 Joint-Ore Reserves Committee- (Jorc-) compliant resource, which, in turn, meant a substantial increase in the size and categorisation of the resource at the company’s Pedra... 

Competition Appeal Court to hold Sibanye, Lonmin merger hearing on April 2 

By: Marleny Arnoldi     25th January 2019 JSE- and NYSE-listed Sibanye-Stillwater on Friday announced that the Competition Appeal Court of South Africa had set April 2 as the date to hear the appeal filed by the Association of Mineworkers and Construction Union (AMCU) against Sibanye’s planned takeover of LSE- and JSE-listed Lonmin.... 

Indaba celebrates silver anniversary, reaffirms commitment to Africa

By: Nadine James     25th January 2019 The 2019 Investing in African Mining Indaba – to be held at the Cape Town International Convention Centre from February 4 to 7 – will be the twenty-fifth iteration of the event, with the “world’s largest mining conference” having reached this milestone being testimony to its relevance and value,... 

Indaba celebrates silver anniversary, reaffirms commitment to Africa

Anglo American delivers solid Q4 performance  

By: Tasneem Bulbulia     24th January 2019 Diversified miner Anglo American achieved a 7% year-on-year increase in total production on a copper equivalent basis for the fourth quarter of 2018, excluding the effect of the stoppage at its Minas-Rio iron-ore mine, in Brazil. “Our continuing focus on efficiency and productivity improvements... 

JV projects contribute to 3% y/y increase in Amplats’ Q4 PGM output 

By: Tasneem Bulbulia     24th January 2019 Anglo American Platinum (Amplats) produced 1.26-million ounces of platinum-group metals (PGMs) in the fourth quarter of 2018 – a 3% increase on the 1.22-million ounces produced in the fourth quarter of 2017. Amplats attributed the increase to an improved operational performance, particularly at... 

Vehicle tech uses cobalt, hydrogen's role in platinum  

23rd January 2019 This week on Second Take, Mining Weekly editor Martin Creamer delves into cobalt and fuel cells and hydrogen’s role in platinum’s future.   

Vehicle tech uses cobalt, hydrogen's role in platinum
Fuel cell tech uses cobalt, hydrogen's role in platinum

PTM to raise $4m for Waterberg DFS

By: Marleny Arnoldi     23rd January 2019 TSX- and NYSE-listed Platinum Group Metals (PTM) intends to sell up to three-million common shares at $1.33 apiece for gross proceeds of up to $4-million. The company intends to use the proceeds for its share of remaining costs to complete a definitive feasibility study (DFS) on the Waterberg... 

Sibanye considering AMCU memorandum 

By: Tasneem Bulbulia     22nd January 2019 Sibanye-Stillwater is considering the memorandum of demands submitted to the Minerals Council South Africa (MCSA) by the Association of Mineworkers and Construction Union (AMCU) on Tuesday. AMCU marched to the MCSA to submit the memorandum, while its members continue to strike at Sibanye’s gold... 

New vehicle technology uses cobalt 

By: Martin Creamer     22nd January 2019 A promising new vehicle technology, which uses a cobalt-based catalyst, mirrors the world’s current ‘well-to-wheel’ refuelling ecosystem in being designed to allow motorists to call at conventional petrol stations to fill up with the liquid fuel from which hydrogen is extracted and then converted... 

New vehicle technology uses cobalt
Photo by Electriq-Global
Car that uses fuel consisting of mainly water converted into hydrogen and then electricity.

AMCU threatens to extend strike at Sibanye-Stillwater's platinum mine

By: Reuters     22nd January 2019 Association of Mineworkers and Construction Union (AMCU) will extend a one-day strike at Sibanye-Stillwater's platinum mine if the firm does not return to the negotiating table, its president said on Tuesday. Joseph Mathunjwa made the remarks outside South Africa's Mineral Council in... 

AMCU march: Motorists warned to stay out of Joburg CBD

By: News24Wire      22nd January 2019 Motorists have been warned to avoid certain areas of the Johannesburg CBD on Tuesday morning, due to a march by the Association of Mineworkers and Construction Union (AMCU). According to JMPD spokesperson Wayne Minnaar, the march was due to start at 11:00 at the Westgate Transport Hub and move... 

To meet climate goals, world urged to reuse natural resources

By: Reuters     22nd January 2019 More of the billions of tonnes of materials the world uses each year must be recycled and reused to keep climate change in check, researchers said on Tuesday. Only about a tenth of the nearly 93 billion tonnes of materials utilised annually - including minerals, metals, fossil fuels and biomass -... 

AMCU reiterates readiness for secondary strike at Sibanye’s platinum operations

By: Tasneem Bulbulia     18th January 2019 The Association of Mineworkers and Construction Union (AMCU) has reiterated its plans to proceed with a secondary strike at Sibanye-Stillwater’s platinum operations from Tuesday. The strike will be in support of those AMCU members who have been on strike at the precious metals miner’s gold... 

South Africa's platinum sector 

18th January 2019 This week Mining Weekly editor Martin Creamer delves into the Platinum sector to discuss the low price and why hydrogen and a value-chain relationship rebuild is needed. 

South Africa's platinum sector
South Africa's platinum sector

Palladium hurtles through $1 400 as breakneck rally continues

By: Bloomberg     17th January 2019 Palladium rocketed through $1 400/oz the first time, extending its precipitous rally despite signs that global vehicle sales are slowing. The precious metal, primarily used in the auto industry for catalytic converters, has surged more than 65% since the middle of August. The bull run has been... 

Jubilee lifts Q4 earnings to R40m

By: Marleny Arnoldi     17th January 2019 AltX- and Aim-listed Jubilee Metals ended 2018 on a high, delivering record production at its Hernic operation and increasing operational earnings for the fourth quarter, despite the festive period generally being challenging. Jubilee had combined quarterly operational earnings attributable to... 

Jubilee lifts Q4 earnings to R40m
Photo by Creamer Media
Jubilee Metals CEO Leon Coetzer

Platinum price fall worsening plight of job-intensive mines 

By: Martin Creamer     16th January 2019 The latest fall of the platinum price is threatening to become the last straw that broke the camel’s back for some deep labour-intensive platinum group metals (PGMs) mines on particularly the western limb of the Bushveld Complex, Mining Weekly Online can today report. Well ahead of the latest... 

Platinum price fall worsening plight of job-intensive mines
Platinum price fall pressurising mines.

Pimco favours 'unloved' platinum that's looking cheap to gold

By: Bloomberg     16th January 2019 Platinum could be the dark horse among precious metals, according to a money manager at Pacific Investment Management Co. Nic Johnson, Pimco’s managing director and portfolio manager for commodities, says he prefers the metal over gold. Used in autocatalysts of diesel engines and jewelry, it’s... 

Sibanye, Lonmin extend merger longstop date to June

By: Marleny Arnoldi     15th January 2019 Precious metals miner Sibanye-Stillwater and platinum group metals miner Lonmin have agreed to extend the longstop date for the transaction in which Sibanye will acquire all of Lonmin’s issued share capital from February 28 to June 30. This follows after the Association of Mineworkers and... 

Sibanye banks on US mines, high palladium price as South African strike spreads 

By: Marleny Arnoldi     15th January 2019 In response to the Association of Mineworkers and Construction Union’s (AMCU’s) secondary strike action announcement, Sibanye-Stillwater CEO Neal Froneman on Tuesday said the company had been preparing its local platinum operations for this outcome and had contingency plans in place. AMCU on... 

Sibanye banks on US mines, high palladium price as South African strike spreads
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

AMCU to strike at Sibanye’s platinum operations from Jan 22 

By: Marleny Arnoldi     14th January 2019 The Association of Mineworkers and Construction Union (AMCU) on Monday confirmed it would embark on secondary strike action at Sibanye-Stillwater’s platinum operations in South Africa from January 22. This is in support of the strike at Sibanye’s gold operations on the West Rand and in the Free... 

AMCU to strike at Sibanye’s platinum operations from Jan 22

Hydrogen leap needed to aid platinum’s future 

By: Martin Creamer     11th January 2019 A South African decision to step firmly into the hydrogen age, like so many other countries are doing, has great potential benefit for the country. Because South Africa has better combined solar and wind resources than just about any other country, it is well positioned to generate hydrogen using... 

Hydrogen leap needed to aid platinum’s future

Sibanye-Stillwater market update draws AMCU’s fury  

By: Simone Liedtke     11th January 2019 The Association of Mineworkers and Construction Union (AMCU) has accused gold miner Sibanye-Stillwater of “bragging about its profits” and of “shocking arrogance” while the union’s members remain on strike at the miner’s South African gold operations. The union said it viewed Sibanye’s market... 

Tharisa Q1 output declines as tailings processing takes toll

By: Natasha Odendaal     11th January 2019 The processing of commissioning tailings negatively impacted on dual-listed Tharisa’s overall production and recoveries for the first quarter of the 2019 financial year. During the quarter, ended December 31, platinum-group metal (PGMs) production fell by 5.9% quarter-on-quarter to 33 600 oz and... 

Value-chain relationship rebuild essential for platinum group metals’ survival – Ritchken 

By: Martin Creamer     10th January 2019 The rebuilding of key strategic relationships across the value chain of the platinum group metals (PGMs) sector is essential for the survival of the industry, Mining Phakisa coordinator Edwin Ritchken states in the book The Future of Mining in South Africa: Sunset or Sunrise, published by the... 

Value-chain relationship rebuild essential for platinum group metals’ survival – Ritchken
Photo by Creamer Media
Mining Phakisa coordinator Edwin Ritchken

Sibanye reports good PGMs performance, but gold output falls amid strike 

By: Simone Liedtke     10th January 2019 JSE- and NYSE-listed Sibanye-Stillwater on Thursday said its South African platinum group metals (PGMs) operations continue to do well, with the miner expecting its platinum, palladium, gold and rhodium (4E) PGMs production for 2018 to be about 1.17-million ounces. In a statement detailing... 

Sibanye reports good PGMs performance, but gold output falls amid strike
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

AMCU reveals 2019 plans amid ongoing strike at Sibanye-Stillwater 

By: Simone Liedtke     9th January 2019 Association of Mineworkers and Construction Union (AMCU) president Joseph Mathunjwa on Wednesday said the union would continue its protected strike at Sibanye-Stillwater’s gold operations until its demands for a R1 000 increment for the next three-year period are met. He assured members and media... 

AMCU moves to overturn Sibanye’s Lonmin deal

By: Mariaan Webb     20th December 2018 South African labour union the Association of Mineworkers and Construction Union (AMCU) has moved to block the acquisition of struggling platinum miner Lonmin by gold and platinum producer Sibanye-Stillwater by appealing the transaction’s regulatory approval. AMCU, which is the largest union at... 

AMCU moves to overturn Sibanye’s Lonmin deal

Platreef Shaft 1 reaches 850 m below surface

By: Creamer Media Reporter      18th December 2018 Shaft 1 at Ivanplats’ Platreef project, near Mokopane ,in South Africa, has reached a depth of 850 m below the surface and work has begun on the 850 m station – the second of three horizontal mining access stations planned for the shaft that is currently under construction. The first mining... 

Jubilee commissions 'industry-first' DCM fine chrome plant

By: Mariaan Webb     18th December 2018 Jubilee Metals has completed the fine chrome recovery plant at the Dilokong Chrome Mine (DCM) and has started commissioning the plant, which the dual-listed company believes will open up many opportunities in the chrome industry. CEO Leon Coetzer said on Tuesday that the DCM fine chrome plant... 

PTM completes share consolidation

By: Simone Liedtke     13th December 2018 Dual-listed Platinum Group Metals (PTM) on Thursday said it had completed the consolidation of its common shares. The consolidation was done on the basis of one new share for ten old shares, effective from 09:00 on December 13. 

Japanese trading giant Mitsubishi throws weight behind platinum 

By: Martin Creamer     13th December 2018 The Japanese trading giant Mitsubishi has thrown its weight behind technologies that harness the high-performance characteristics of platinum group metals (PGMs) by joining Anglo American Platinum (Amplats) and South Africa’s Public Investment Corporation (PIC) as an investor in AP Ventures,... 

Japanese trading giant Mitsubishi throws weight behind platinum
Photo by Creamer Media
AP Ventures managing partner Andrew Hinkly

Amplats expects 20% increase in FY18 earnings

By: Simone Liedtke     13th December 2018 Platinum miner Anglo American Platinum (Amplats) expects its basic earnings and basic earnings per share (EPS) for the 2018 financial year to be at least 20% – about R302-million or 149c a share – higher than that of the prior financial year. Basic earnings and EPS for the comparative period were... 

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