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Platinum Group Metals News

New mining precinct, fuel cell frenzy and a six-point industry plan make the headlines  

2nd May 2018 A new mining precinct will soon be launched, there is fuel cell frenzy and a six-point plan could help the mining industry. Mining Weekly editor Martin Creamer unpacks the headlines.   

Bluejay’s Disko project now the size of Luxembourg

By: Creamer Media Reporter      2nd May 2018 Dual-listed Bluejay Mining has expanded the landholding at its Disko-Nuussuaq nickel/copper/platinum project to roughly the size of a small country. The company has been granted an additional 1 616 km2 at Disko, taking the overall land package of the project to 2 586 km2. 

PTM amends LMM loan facility

By: Simone Liedtke     2nd May 2018 Liberty Metals and Mining (LMM) and Platinum Group Metals (PTM) have agreed to amended credit terms for an existing secured loan facility. The amended terms include an agreement that PTM must raise a minimum of $20-million in subordinated debt and/or equity before May 15. 

Kubayi-Ngubane to unveil Mandela Mining Precinct

By: Nadine James     30th April 2018 Science and Technology Minster Mmamoloko Kubayi-Ngubane will deliver the keynote address at the launch of the Mandela Mining Precinct, a Mining Phakisa initiative aimed at reviving South Africa’s flagging mining sector, on May 4. The Mandela Mining Precinct is aimed at supporting local... 

Kubayi-Ngubane to unveil Mandela Mining Precinct
MMAMOLOKO KUBAYI-NGUBANE The minister will be joined by the Ministers of Mineral Resources, Trade and Industry and Planning, Monitoring and Evaluation

Sylvania’s Q3 production falls after ‘challenging’ January

By: Anine Kilian     30th April 2018 A challenging January has resulted in Aim-listed Sylvania Platinum’s four-element (4E) platinum group metals (PGMs) production decreasing by 3% quarter-on-quarter to 16 857 oz for the third quarter ended March 31. “January was a particularly difficult month due to the impact of the delays with a... 

Reclaiming competitiveness through R&D-led mining modernisation 

By: Martin Creamer     27th April 2018 The modernisation of mining operations is essential to contribute towards the survival of the South African mining industry by enabling mining at increased depths and narrow, hard rock reefs. 

Reclaiming competitiveness through R&D-led mining modernisation
Beeuwen Gerryts interviewed by Martin Creamer.

Sub-Saharan Africa GDP uptick predicted on stable oil and metal prices

By: Nadine James     27th April 2018 Sub-Saharan Africa’s growth is projected to reach 3.1% in 2018, and to average 3.6% in 2019/20, reports a biannual analysis of African economies conducted by the World Bank, Africa’s Pulse, which was released by the international finance organisation last week. The growth forecasts are premised... 

Sub-Saharan Africa GDP uptick predicted on stable  oil and metal prices
Photo by Creamer Media
SILVER LINING Economic activity will pick up in metals exporting countries, as mining production and investment rise

Mandela Mining Precinct to produce next gen mining equipment

By: Nadine James     27th April 2018 The Mandela Mining Precinct’s primary objective is to drive research, development and innovation and the investment therein, and it is extremely important, in terms of the local industry’s sustainability, that the next generation of mining equipment is developed by indigenous South African... 

Mandela Mining Precinct to produce next gen mining equipment
Photo by Dylan Slater
BRAINSTORMING The Mandela Mining Precinct’s research and development workstreams are tackling challenges pertaining to dilution, narrow seams, and hard rock mining

2015 Mining Phakisa birthed Mandela Mining Precinct

By: Nadine James     27th April 2018 The Mandela Mining Precinct, as one of the key initiatives that resulted from the 2015 Mining Phakisa, is important in terms of developing new mining technologies that support the sustainability, efficiency, and longevity of the South African mining industry while simultaneously catalysing... 

2015 Mining Phakisa birthed Mandela  Mining Precinct
JEFF RADEBE AND RUDI DICKS The Mining Phakisa was a government initiative led by the Presidency aimed at developing a shared vision and growth strategy for the long-term development and transformation of the mining sector

Exciting new mining research thrust 

By: Martin Creamer     27th April 2018 The new Mandela Mining Precinct will be officially opened on May 4 to revitalise and modernise South Africa’s high-potential but struggling mining industry. 

Exciting new mining research thrust
Navin Singh, Alastair Macfarlane and Paul Jourdan of the Mandela Mining Precinct talk to Mining Weekly’s Martin Creamer about the development of sustainable mining to cover the entire value chain. Camerawork and Editing: Nicholas Boyd.

PTM completes Maseve mine sale

By: Anine Kilian     26th April 2018 Platinum Group Metals (PTM) has concluded the sale of its equity in Maseve Investments, the holding company of the Maseve mine, to Royal Bafokeng Platinum (RBPlat).  The aggregate consideration for the sale comprised 4.871-million RBPlat common shares, which have been delivered, and the... 

Norilsk sees increase in all metals during Q1

By: Anine Kilian     26th April 2018 Russian palladium and nickel mining company Norilsk Nickel, which also owns operations in Finland and South Africa, increased production of all key metals in the first quarter of the year. “The main phase of our downstream reconfiguration programme was completed last year and work-in-progress... 

Bezant sells Colombia platinum/gold project

By: Marleny Arnoldi     26th April 2018 Aim-listed mineral exploration and development company Bezant Resources has entered into a legally binding agreement for the sale of its wholly-owned subsidiaries Ulloa Recursos Naturales to Auvert Mining Group.  

Implats reports 17% increase in tonnes milled in Q3, stock build-up remains

By: Marleny Arnoldi     26th April 2018 A stronger mining performance at Impala Platinum’s (Implats’) Impala Rustenburg and Marula operations resulted in a 17% year-on-year improvement in tonnes milled to 4.59-million tonnes for the third quarter ended March 31.  

Implats reports 17% increase in tonnes milled in Q3, stock build-up remains
Impala Platinum CEO Nico Muller

RBPlat CFO resigns

By: Anine Kilian     26th April 2018 Martin Prinsloo has resigned as CFO and executive director of Royal Bafokeng Platinum (RBPlat), effective August 10. He has been with the company for nine years and is leaving to pursue other opportunities. 

Fuel cell frenzy as cars, plants deploy platinum to protect environment

By: Martin Creamer     26th April 2018 Hyundai has just launched its new Nexo fuel cell car in South Korea, pre-orders for which exceeded expectations, Honda last month launched the new 2018 Clarity fuel cell car, Doosan Fuel Cell America has cut the ribbon on three 460 kW fuel cells at the Waterbury Pollution Control Authority in... 

Fuel cell frenzy as cars, plants deploy platinum to protect environment
The NEXO, Hyundai's latest fuel cell vehicle

Online submission streamlines application procedure for water licences

By: Nadine James     26th April 2018 The process for water use licence applications (WULAs) is improving as a result of an online system being put in place by the Department of Water and Sanitation (DWS), according to SRK Consulting principal environmental scientist Jacky Burke. Burke, the leader of SRK’s WULA Group, hosted a... 

N American oil & gas, mining sectors released a third of total 2013 pollution – report

By: Henry Lazenby     25th April 2018 A new report that fine-combed the national pollutant release and transfer registers (PRTRs) of Canada, the US and Mexico to explore pollutant data reported by industrial facilities, has pointed to the critical need to standardise the way information is collected across the three jurisdictions,... 

N American oil & gas, mining sectors released a third of total 2013 pollution – report

Lonmin launches community grievance system

By: Marleny Arnoldi     25th April 2018 Platinum producer Lonmin has introduced a community grievance mechanism called Buang Le Rona/Thetha Nathi, meaning ‘Talk to Us’.  

Amplats raises R390m to fund Maseve, Styldrift I projects 

By: Marleny Arnoldi     25th April 2018 Anglo American Platinum (Amplats) has successfully placed about 17.3-million Royal Bafokeng Platinum (RBPlat) ordinary shares at R22.50 a share with qualifying investors, raising R390-million.  

Amplats lifts Q1 PGMs output 8% y/y

By: Nadine James     24th April 2018 Anglo American Platinum (Amplats) achieved an 8% year-on-year increase in platinum group metals (PGM) production to 1.2-million ounces for the quarter ended March 31, owing to improved operational performances across its portfolio.  Palladium production was up 9% year-on-year, at 407 400 oz, and... 

Ivanhoe reaches Platreef Shaft 1 milestone 750 m below surface

By: Henry Lazenby     23rd April 2018 Blockbuster mine developer Ivanhoe Mines has reached a significant development milestone at its Platreef platinum/palladium/ gold/nickel/copper discovery on the northern limb of South Africa’s Bushveld Complex, after Shaft 1 has reached a depth of 750 m. Lateral development will take place from... 

Ivanhoe reaches Platreef Shaft 1 milestone 750 m below surface

Amplats procures energy storage system for Amandelbult

By: Anine Kilian     23rd April 2018 Anglo American Platinum (Amplats) has contracted energy storage systems provider Primus Power to supply its Amandelbult mine, in Limpopo, with eight EnergyPod battery systems. The EnergyPods will provide Amandelbult with 200 kW of power and 1 000 kWh of energy. 

Russia sanctions spook palladium investors as supply fears mount

By: Bloomberg     23rd April 2018 Hedge funds just made an abrupt about face in the palladium market as US sanctions against Russian titans spark concerns that the world’s largest producer of the metal will get caught in the cross hairs. After the US slapped penalties on United Co. Rusal, American officials have sent conflicting... 

RBPlat receives government approval for Maseve acquisition

By: Simone Liedtke     20th April 2018 South Africa’s Department of Mineral Resources (DMR) has been granted consent in terms of Section 11 of the Mineral and Petroleum Resources Development Act for the transfer of the entire issued share capital of Maseve Investments 11, the holding company of the Maseve mine, in Rustenburg, to Royal... 

RBPlat receives government approval for Maseve acquisition

Siemens donates digital wall to Amplats’ Randfontein training centre

By: Nadine James     20th April 2018 Technology solutions provider Siemens donated a digital wall, featuring Siemens’ latest generation mineral processing system hardware and software to the Anglo American Platinum (Amplats) Engineering Skills Training Centre (ESTC), in Randfontein, Gauteng, last month. The centre was established in... 

Jubilee signs processing agreement with Northam’s Eland Platinum

By: Simone Liedtke     18th April 2018 Jubilee Metals has executed an agreement with Eland Platinum, a wholly-owned subsidiary of Northam Platinum, for the processing of platinum-rich PlatCro material, post-chrome removal. Under the terms of the agreement, Jubilee will deliver 60 000 t/m of PlatCro material to Eland, starting in June. 

Another hydrogen boost for platinum fuel cells

By: Simone Liedtke     18th April 2018 The introduction of platinum-using fuel cells has received another boost with the latest success in hydrogen compression announced by Anglo American Platinum (Amplats) on Wednesday.   Last week, Amplats revealed plans for a fuel cell dozer, which makes use of hydrogen in liquid, to make a 2019... 

Another hydrogen boost for platinum fuel cells
Photo by Creamer Media
Amplats PGM investment programme CEO Andrew Hinkly

Unpacking this week's mining headlines 

18th April 2018 Mining Weekly Editor Martin Creamer unpacks this week's mining headlines: Glencore’s sustainability report, South Africa’s potential role in the Congo potash project and the debut of a game-changing fuel cell dozer. 

Unpacking this week's mining headlines
Unpacking this week's mining headlines

Jubilee sets new operational record

By: Simone Liedtke     17th April 2018 Jubilee Metals set a new operational record when it produced 1 858 oz of platinum-group metals (PGMs), in March, while its unit cost reached a low of $434/oz for the first quarter ended March 31. “I am very pleased with the continued operational improvements at our Hernic operations. I expect the... 

RBPlat lifts Q1 platinum production 13% y/y

By: Marleny Arnoldi     17th April 2018 JSE-listed Royal Bafokeng Platinum (RBPlat) achieved a 12.2% year-on-year increase in platinum, palladium, rhodium and gold (4E) platinum group metals production to 81 100 oz in the quarter ended March 31. Total tonnes delivered to concentrators increased by 1.9% to 735 000 t, with the Bafokeng... 

First ‘Resources for Future Generations’ conference to be held in Vancouver

By: Henry Lazenby     13th April 2018 The Resources for Future Generations conference (RFG2018) is scheduled to make its debut on the Canadian resource conference circuit between June 16 and 21, in Vancouver, and is shaping up to be an event unlike the myriad of competing forums held in Canada throughout the year. RFG2018 chairperson... 

First ‘Resources for Future Generations’ conference to be held in Vancouver
Photo by Resources for Future Generations Conference
RFG2018 chairperson John Thompson

Fuel cell dozer expected to make game-changing 2019 debut

By: Martin Creamer     12th April 2018 A fuel cell dozer that runs on hydrogen carried in liquid is expected to make a game-changing debut underground next year, Anglo American Platinum (Amplats) CEO Chris Griffith said last night. Speaking at the fortieth African Mining Network dinner, Griffith said third generation development had... 

Fuel cell dozer expected to make game-changing 2019 debut
Photo by Creamer Media
Anglo American Platinum CEO Chris Griffith

Police release identities of Limpopo mineworkers killed in petrol bomb attack

By: African News Agency      12th April 2018 Police forensics on Thursday released the names of the six mineworkers killed after a petrol bomb was set off inside the bus they were travelling in to Limpopo's Modikwa Platinum Mine near Burgersfort earlier this month. They are Moniccah Mabilo, 57, from Ga Mahlokwane village, Johannes Malepe,... 

Vision 2030, Ivanhoe board and the PGMs crisis make this week's headlines  

12th April 2018 Mining Weekly editor Martin Creamer unpacks Vision 2030, the new addition to the Ivanhoe board and the crisis in the PGMS industry. 

Vision 2030, Ivanhoe board and the PGMs crisis make this week's headlines
Vision 2030, Ivanhoe board and the PGMs crisis make this week's headlines

PTM warns of liquidity constraints ahead of completion of stage two of Maseve transaction

By: Marleny Arnoldi     12th April 2018 Project developer Platinum Group Metals (PTM) has warned that its liquidity will be constrained until the second stage of the sale of its Maseve mine to Royal Bafokeng Platinum (RBPlat) is completed.  

Deripaska withdraws from Nornickel board nomination

By: Reuters     12th April 2018 Russian tycoon Oleg Deripaska has withdrawn his nomination candidacy to join the board of Norilsk Nickel, the mining firm said in a statement on Thursday. Deripaska had been nominated to join the board, a regulatory disclosure showed on April 5. 

Palladium surges 6% on jitters over Russia sanctions

By: Reuters     11th April 2018 Palladium has surged 6% this week on the back of concerns that supply from number one producer Russia could be hurt by sanctions imposed by the US. Although the supply pipeline of the metal, more than two-fifths of which is sourced in Russia, has not been directly hit by the sanctions, the... 

Palladium surges 6% on jitters over Russia sanctions

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