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Platinum Group Metals News

Manufacturer ready to commission plant

By: Donald Makhafola     21st September 2018 Fuel cell components manufacturer Isondo Precious Metals (IPM) hopes to commission its platinum-containing membrane electrode assembly (MEA) manufacturing plant in the upcoming months, pending the finalisation of the balance of funding. The state-of-the-art MEA manufacturing technology plant from... 

Versatile spin filters extend machinery, equipment life

By: Nadine James     21st September 2018 A compressor exposed to abrasive dust, such as those used in mining environments, could become increasingly inefficient and fail internal damage caused by clogged and compromised intake filters, notes RTS Africa Engineering MD Ian Fraser. Additionally, opencast mine dust frequently enters... 

Versatile spin filters extend machinery, equipment life
IAN FRASER Mining companies use spin filtration for effective dust extraction from compressors' air intake filters and for direct ventilation of variable speed drives

Resources Watch  

20th September 2018 Implats has strong new collaboration with governments of South Africa, Zimbabwe And, Afrox achieves double-digit HEPS growth amid subdued economic environment 

Resources Watch
Resources Watch

CNN-flighted advert projecting huge growth for platinum-using fuel cells

By: Martin Creamer     18th September 2018 French company Air Liquide, a member of the Davos-launched Hydrogen Council that includes platinum-mining company Anglo American, is currently flighting an advertisement on the global television network CNN, which forecasts exceptional growth for the hydrogen and fuel cell market. Quoting the... 

CNN-flighted advert projecting huge growth for platinum-using fuel cells
CNN-flighted advertisement projecting fuel cell growth.

Sibanye, Lonmin still committed to merger after competition watchdog decision

By: Reuters     18th September 2018 Precious metals producer Sibanye-Stillwater said on Tuesday it remained fully committed to a takeover of platinum miner Lonmin after South Africa's competition watchdog imposed conditions on the deal. On Monday, the competition watchdog gave the green light to the all-share transaction as it did... 

Top platinum mines keep digging even as price at decade low 

By: Bloomberg     14th September 2018 Platinum prices are languishing near the lowest in a decade, but the biggest miners are barely cutting production. Although about half of South African output is estimated to be unprofitable, few companies are reducing production by a meaningful amount, with top supplier Anglo American Platinum... 

Strong new collaboration with governments of South Africa, Zimbabwe – Implats 

By: Martin Creamer     13th September 2018 Platinum mining company Impala Platinum (Implats), which is collaborating closely with the South African government to preserve jobs at the heavily lossmaking Impala Rustenburg operation, is also working in very close cooperation with the government of Zimbabwe, where it has secured major tax... 

Strong new collaboration with governments of South Africa, Zimbabwe – Implats
Implats CEO Nico Muller interviewed by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer.

South African mining sees considerable decline of 5.2% in July – Stats SA

By: Simone Liedtke     13th September 2018 Mining production in South Africa decreased by 5.2% year-on-year in July, following a 3.7% year-on-year rise in June, mainly as a result of declines in the production of gold, iron-ore, coal and platinum-group metals (PGMs). According to Statistics South Africa (Stats SA), gold decreased by 15%,... 

South African mining sees considerable decline of 5.2% in July – Stats SA

Implats reports after-tax loss on impairments

By: Martin Creamer     13th September 2018 Platinum mining company Impala Platinum (Implats) on Thursday reported improved gross profit of R1.6-billion but an after-tax loss on impairments. Impairments of R13.6-billion, mainly due to the restructuring of Impala Rustenburg, resulted in an after-tax loss of R10.8-billion. 

Implats reports after-tax loss on impairments
Implats CEO Nico Muller

ARM mulling ‘very exciting’ growth opportunities – Motsepe

By: Martin Creamer     7th September 2018 Diversified mining company African Rainbow Minerals (ARM) is right now looking at some very exciting growth opportunities, its executive chairperson Patrice Motsepe said on Friday. After announcing the delivery of 51% higher headline earnings of R4 814-million in the 12 months to June 30... 

ARM mulling ‘very exciting’ growth opportunities – Motsepe
Photo by Creamer Media Chief Photographer Dylan Slater
African Rainbow Minerals executive chairperson Patrice Motsepe (right) with Mining Weekly Online's Martin Creamer at Friday's presentation of results

Kavango receives permit for Botswana electromagnetic survey

By: Tasneem Bulbulia     7th September 2018 Exploration group Kavango Resources has received a permit for the airborne electromagnetic geophysical survey of its KSZ project in south-west Botswana. The permit for the flying of the electromagnetic survey (VTEM) to be carried out over the licences in the Kalahari Suture Zone area was granted... 

Northam says growth strategy remains on track

By: Simone Liedtke     7th September 2018 Platinum producer Northam Platinum’s growth, diversification and optimisation strategy is on track, with progress being made in the development of the Booysendal South and Zondereinde mines, in Limpopo. Zondereinde has enjoyed relatively stable labour relations over the past few years, which has... 

Northam says growth strategy remains on track
Photo by Creamer Media
Northam Platinum CEO Paul Dunne

Accelerate processes to ensure timeous recovery of mining sector – govt urged

By: Nadine James     7th September 2018 Integrated infrastructure delivery company AECOM is well-poised to make inroads into the mining industry, says AECOM Africa strategy and growth director Fadzai Nyamasve. She tells Mining Weekly that  although there  is still uncertainty in the market regarding the Mining Charter, AECOM expects... 

Accelerate processes to ensure timeous  recovery of mining sector – govt urged
FADZAI NYAMASVE Regulatory uncertainty is being addressed and there is a deliberate campaign to attract investors, so the pressing challenge is ensuring the industry recovers in a timeous manner

Platinum miner starts construction of SO2 abatement project

By: Halima Frost     7th September 2018 Construction of platinum producer Anglo American Platinum’s (Amplats’) sulphur dioxide (SO2) abatement project at its Polokwane smelter, in Limpopo, has started. Amplats will implement new wet sulphuric acid (WSA) technology at the smelter, which the company predicts will ultimately reduce SO2... 

Platinum miner starts  construction of SO2  abatement project
TURNING THE TIDE Hatch Africa MD Welekazi Cele, Anglo American Platinum CEO Chris Griffith and Limpopo Premier Chupu Mathabatha at the sod-turning ceremony

2018 platinum demand and supply seen contracting – WPIC

By: Nadine James     6th September 2018 Global platinum demand and supply will contract by 2% in 2018, the World Platinum Investment Council (WPIC) said in its latest Platinum Quarterly report on Thursday. Platinum supply is forecast to slip from 8.06-million ounces in 2017 to 7.91-million ounces in 2018, as most mining regions are... 

2018 platinum demand and supply seen contracting – WPIC

Resources Watch  

6th September 2018 Global mining showing interest in Master Drilling’s new technology; And, Sibanye expects Lonmin competition finality October 

Resources Watch
Resources Watch

PTM, partners apply for Waterberg mining right

By: Creamer Media Reporter      4th September 2018 TSX- and NYSE American-listed Platinum Group Metals (PTM) has filed a mining right application for its joint venture (JV) Waterberg platinum group metals project, in South Africa. The application was submitted to the Department of Mineral Resources and comprised the mining work programme, a... 

Sibanye launches $400m bond buyback

By: Reuters     4th September 2018 South African precious metals producer Sibanye-Stillwater, which is headed up by CEO Neal Froneman, said on Tuesday that it was launching a tender offer worth up to $400-million to buy back some of its bonds. Sibanye, which plans to buy platinum producer Lonmin in a deal scheduled to close in the... 

Sibanye launches $400m bond buyback
Photo by Creamer Media
Sibanye CEO Neal Froneman

Mcebisi Jonas, Jean Nel join Northam board

By: Marleny Arnoldi     3rd September 2018 JSE-listed platinum group metals miner Northam Platinum has appointed Mcebisi Jonas and Jean Nel independent nonexecutive directors, effective November 6. Jonas served as Deputy Finance Minister from 2014 to 2017 and was a member of the National Assembly until April 2017. 

Top Sibanye holders are said to show support for Lonmin deal

By: Bloomberg     3rd September 2018 Three of Sibanye Gold’s largest investors, controlling more than a third of its shares, have indicated they will vote in favor of its planned takeover of Lonmin Plc, according to people familiar with the matter. Gold One Group, Sibanye’s largest investor with about 19%, and South Africa’s Public... 

Top Sibanye holders are said to show support for Lonmin deal
Photo by Creamer Media
Sibanye CEO Neal Froneman

SA govt looks to drive PGMs demand with new coin

By: Esmarie Iannucci     31st August 2018 The South African government is considering a range of initiatives to increase the demand for platinum-group metals (PGMs), including the development of a Mandela Platinum Coin. The proposal to develop a Mandela Platinum Coin is based on the international success achieved by the Kruger Rand,... 

Platinum-using fuel cells making more headway

By: Martin Creamer     29th August 2018 Last month’s initial public offering (IPO) on the New York Stock Exchange of Bloom Energy suggests a second, much larger market may be emerging for fuel cells, Greentech Media reported this week in an article recording the deployment of Bloom’s technology at 25 Fortune 100 companies. The... 

Platinum-using fuel cells making more headway
Photo by NYSE
Bloom Energy CEO and founder KR Sridhar ringing bell at New York Stock Exchange

Sylvania delivers record production for fifth consecutive year

By: Marleny Arnoldi     28th August 2018 Aim-listed Sylvania Platinum has declared a maiden cash dividend of 0.35p apiece for the financial year ended June 30. The company reported on Tuesday that its Sylvania Dump Operations (SDO) had produced 71 026 oz of platinum, palladium, rhodium and gold (4E).  

Amplats acquires WSA tech for reduced sulphur emissions

By: Marleny Arnoldi     27th August 2018 Anglo American Platinum (Amplats) has signed a contract to acquire catalysis and process technology company Haldor Topsoe’s Wet Gas Sulfuric Acid (WSA) sulphur emissions control technology for its platinum smelter facility, in Polokwane, Limpopo. The WSA technology ensures compliance with... 

Sibanye expects Lonmin competition finality October 

By: Martin Creamer     27th August 2018 Precious metals mining company Sibanye-Stillwater expects Competition Commission finality on its proposed acquisition of platinum company Lonmin in October, following the closure of its transaction with surface gold mining company DRDGold, which is expected to make a positive contribution to... 

Sibanye expects Lonmin competition finality October
Sibanye-Stillwater CEO Neal Froneman’s update on Lonmin covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing. Nicholas Boyd.

Northam expects FY18 Ebitda of R1.1bn on back of strong 6E production

By: Marleny Arnoldi     27th August 2018 Platinum group metals (PGMs) Northam Platinum produced 571 843 oz of equivalent refined six-element (6E) PGMs for the financial year ended June 30 – a 4.5% increase on the 546 984 oz produced in the 2017 financial year. Production was supported by strong operational performance at the... 

PGMs producer focuses on palladium in Limpopo

24th August 2018 Platinum and palladium mining company Platinum Group Metals is refocusing its business on the large-scale, bulk mineable Waterberg project in Limpopo, South Africa which is dominated by palladium and has reserves in platinum, rhodium, gold, copper and nickel. “Our key business objectives are to... 

PGMs producer  focuses on palladium  in Limpopo
Photo by Bloomberg
INCREASING IN VALUE The price of palladium has nearly doubled since 2015 as a result of its primary use in catalytic converters and limited market supply

Ageing platinum mines need new technology

By: Donald Makhafola     24th August 2018 There are few greenfield platinum mines or expansions in Africa, with most of the existing large-scale mines on the continent having been in operation for more than a decade. To ensure that the ageing mines continue to perform optimally, miners need to apply new technology to effectively enhance... 

Ageing platinum mines need new technology
CUSTOM-DESIGN Kwatani provides clients with enhanced equipment designed to fit into their existing infrastructure without being modified

Platinum producer optimistic about Limpopo project

By: Donald Makhafola     24th August 2018 Platinum producer Ivanplats, a subsidiary of Canadian mining company Ivanhoe Mines, is focusing on bringing its Tier 1 Platreef project, in Limpopo, into production in 2022, says Ivanplats VP and executive head of projects Gerick Mouton. The mine will produce platinum, palladium, rhodium, nickel,... 

Platinum producer optimistic about Limpopo project
PHASED PROGRESSION Ivanplats' primary objective is to reach steady-state production of four-million tons a year in Phase 1 of the Platreef project

Company awarded R100m in projects

24th August 2018 Engineering consultancy company WorleyParsons’ South African operations have recently experienced a surge in the Southern African platinum market, with a number of significant platinum projects to the combined value of almost R100-million currently under way in sub-Saharan Africa. “A renewed... 

Company awarded R100m in projects
MINING SERVICES WorleyParsons has extensive experience in process plant and shaft sinking projects in the platinum sector

WPIC, Hengfu launch platinum bars in China

24th August 2018 Global organisation for the physical platinum market investment World Platinum Investment Council (WPIC) and diversified enterprise Shenzhen Hengfu Yingjia last month launched the first platinum bar products in China. The organisation announced that the launch is part of a new strategic... 

WPIC, Hengfu launch platinum bars in China
GROWTH SUPPORT The new 999.5 platinum bar products represent an important milestone for the platinum investment market

Nothing comes before safe production – Sibanye-Stillwater 

By: Martin Creamer     23rd August 2018 Precious metals mining company Sibanye-Stillwater on Thursday spent the most part of its half-year presentation of financial results reiterating ongoing commitment to safe production and taking safety to the next level. The Johannesburg- and New York-listed company, which reported 26%-higher... 

Nothing comes before safe production – Sibanye-Stillwater
Sibanye-Stillwater CEO Neal Froneman’s half-year presentation covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd

Sibanye half-year results surprise on upside

By: Martin Creamer     23rd August 2018 Precious metals mining company Sibanye-Stillwater surprised on the upside with positive basic earnings of R77-million and headline earnings of R101-million in the six months ended June 30. Group adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) were up 26% to... 

Sibanye half-year results surprise on upside
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Tharisa continues talks about Salene chrome project shareholding

By: Simone Liedtke     21st August 2018 JSE- and LSE-listed Tharisa is continuing discussions with the Leto Settlement Trust regarding the optimisation of certain aspects of the transaction structure for Tharisa’s 90% shareholding in the Zimbabwe-based Salene chrome project. Tharisa envisages a successful outcome to the discussions,... 

Implats expects wider FY18 losses

By: Simone Liedtke     20th August 2018 Platinum producer Impala Platinum (Implats) expects its headline loss to widen by 18% to 36% year-on-year to between R1.1-billion and R1.3-billion for the financial year ended June 30. Its headline loss a share is also expected to widen to between 162c and 186c. 

Challenge on to develop new deep-level rock drill by early next year

By: Schalk Burger     20th August 2018 The Mandela Mining Precinct (MMP) on Monday launched an open-innovation challenge to rapidly develop a new deep-level mining rock drill by the beginning of next year. MMP co-director Alastair Macfarlane explains that, for South Africa to retain its comparative advantage obtained through the... 

Challenge on to develop new deep-level rock drill by early next year
Photo by Dylan Slater
RIIS executive Clen Cook, MMP co-directors Navin Singh and Alastair Macfarlane and Mining Equipment Manufacturing of South Africa CEO Paul Jourdan

Artemis, Platina target gold mineralisation at Munni Munni JV project

By: Creamer Media Reporter      20th August 2018 ASX-listed Artemis Resources has invested the required $750 000 to earn a 70% interest in the Munni Munni project, in the West Pilbara, from fellow ASX-listed Platina Resources. The joint venture (JV) partners will now target gold mineralisation within the Munni Munni land package. 

Mining industry reaffirms commitment to safety with campaign launch

By: Simone Liedtke     17th August 2018 The Minerals Council South Africa (MCSA), previously known as the Chamber of Mines, on Friday launched its National Day of Safety and Health in Mining 2018, which will see 66 MCSA member companies hosting safety and health days at each of their operations in the next month. The launch of the... 

Mining industry reaffirms commitment to safety with campaign launch
Photo by Dylan Slater
MCSA CEO Roger Baxter

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