http://www.miningweekly.com
R/€ = 16.15 Change: 0.19
R/$ = 14.17 Change: 0.21
Au 1239.98 $/oz Change: -6.65
Pt 789.68 $/oz Change: 0.81
 

Platinum Group Metals News

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... 

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

Jubilee delivers solid Q2 results

By: Natasha Odendaal     19th July 2018 AltX- and Aim-listed Jubilee Metals has achieved a 41% increase in operational earnings to £1.61-million for the second quarter of this year. The group, publishing its quarterly operations update, on Thursday, posted a 12% rise in project revenue to £4.37-million, a 25% hike in the Hernic... 

Amplats lifts FY platinum guidance after strong Q2

By: Marleny Arnoldi     19th July 2018 JSE-listed Anglo American Platinum (Amplats) has revised its full-year platinum production guidance upwards to between 2.4-million and 2.45-million ounces, following a strong second-quarter performance. The miner had previously expected to produce between 2.3-million and 2.4-million ounces of... 

URU continues with exploration at Limpopo project

By: Anine Kilian     18th July 2018 The successful completion of a two-stage six-hole drill programme completed in 2017 on URU Metals’ Limpopo-based Zebediela nickel/platinum group element (PGE) project has resulted in mineralised intersections that exceeded the company's expectations. The company said in an update on Wednesday... 

Mining fund, junior mining and platinum make headiness  

18th July 2018 This week, Mining Weekly editor Martin Creamer discusses a new mining fund raising R750-million to co-finance ancillary mine projects, a beneficial innovative approach to junior mining promotion and, platinum is receiving a R2.6-billion boost. 

Mining fund, junior mining and platinum make headiness
Mining fund, junior mining and platinum make headiness

Resources Watch  

18th July 2018 Platinum jewellery heading for good year – PGI Cullinan mine moves to centralised blasting to improve safety, efficiency And, Shondoni to help sustain Sasol's Secunda Complex until 2050 

Resources Watch
Resources Watch

R2.6bn boost for platinum demand

By: Martin Creamer     17th July 2018 Platinum demand received a R2.6-billion boost on Tuesday when South Africa’s State-owned Public Investment Corporation (PIC) joined forces with Anglo American Platinum (Amplats) to promote the development of innovative and competitive technological uses of platinum-group metals (PGMs). By each... 

R2.6bn boost for platinum demand
From left are PIC executive head: project development Sholto Dolamo; AP Ventures partner Kevin Eggers, AP Ventures managing partner Andrew Hinkly and Anglo American Platinum CEO Chris Griffith.

Sibanye enters into $500m streaming deal with Wheaton International

By: Anine Kilian     16th July 2018 JSE-listed Sibanye-Stillwater has raised $500-million in a streaming deal with Wheaton Precious Metals International. The agreement provides Sibanye-Stillwater with a long-term funding instrument that is linked to the operational performance of its US platinum-group metals operations, namely the... 

Sibanye enters into $500m streaming deal with Wheaton International

New mining fund raising R750m to co-finance ancillary mine projects 

By: Martin Creamer     16th July 2018 In an economic environment of tight capital allocation and bank pull back from mining finance, the new tax-incentivised CCP 12J Mining Fund is going all out to raise R750-million for co-investment in ancillary project opportunities on existing mine sites. On the list of targeted project... 

New mining fund raising R750m to co-finance ancillary mine projects
CCP 12J MD Paul Miller talks to Mining Weekly Online’s Martin Creamer on new tax incentives to boost mining investment. Video and Video Editing: Nicholas Boyd. Photographs: Dylan Slater.

Improved operational performance, prices lift Amplats’ interim earnings

By: Marleny Arnoldi     16th July 2018 JSE-listed Anglo American Platinum (Amplats) on Monday advised that its headline earnings and headline earnings per share (HEPS) for the six months ended June 30 are likely to be between R3.2-billion and R3.4-billion and between R1.20 and R1.30, respectively.  

Improved operational performance, prices lift Amplats’ interim earnings

SA mines relying heavily on unskilled workers despite Industry 4.0 gaining traction

By: Dylan Slater     13th July 2018 Contrary to the expected move towards employing a higher number of skilled personnel at mines to catalyse modernisation and mechanisation targets, the South African mining industry has backtracked, employing a significant number of unskilled personnel instead, according to a report compiled by... 

SA mines relying heavily on unskilled workers despite Industry 4.0 gaining traction

South African gold output falls most since February 2017 in May

By: Bloomberg     12th July 2018 Gold output in South Africa, once the world’s biggest producer of the metal, declined the most since February 2017 in May. Production dropped 16.2% from a year earlier, compared with a revised 5.8% contraction in April, Pretoria-based Statistics South Africa said Thursday in a statement on its... 

Platinum growth, Zebra battery make headlines  

12th July 2018 This week, platinum jewellery is heading for a good year, first platinum bar products launched in China and a startup is breathing new life into local battery invention. Mining Weekly editor Martin Creamer unpacks the headlines. 

Platinum growth, Zebra battery make headlines
Platinum growth, Zebra battery make headlines

RBPlat appoints new CFO

By: Creamer Media Reporter      12th July 2018 Royal Bafokeng Platinum (RBPlat) has appointed Hanré Rossouw CFO and executive director, with effect from October 1. He will succeed Martin Prinsloo, who has resigned to pursue other opportunities. 

WPIC, Hengfu launch first platinum bar products in China

By: Creamer Media Reporter      11th July 2018 As part of efforts to boost investment demand for physical platinum, the World Platinum Investment Council (WPIC) has, in collaboration with Chinese company Shenzhen Hengfu Yingjia (Hengfu), launched the first platinum bar products in China. The launch of the high-purity 999.5 platinum bars forms... 

WPIC, Hengfu launch first platinum bar products in China

Monchetundra mine permit application now on Medvedev’s desk

By: Mariaan Webb     11th July 2018 The mine permit application for the two-million-ounce platinum-group metals (PGM) Monchetundra project has progressed to the office of Russian Prime Minister Dmitry Medvedev’s for final authorisation, Aim-listed Eurasia Mining reported on Wednesday. This follows the approval from the Ministry of... 

Monchetundra mine permit application now on Medvedev’s desk

Platinum jewellery heading for good year – PGI 

By: Martin Creamer     9th July 2018 Significant demand growth is under way in the platinum jewellery market, which remains the second biggest ounce contributor to platinum demand at 2.5-million ounces of yearly fabrication, some 35% of total demand. “We’re seeing a lot of growth in the market. Obviously, the platinum price is... 

Platinum jewellery heading for good year – PGI
Platinum Guild International CEO Huw Daniel talks to Mining Weekly Online’s Martin Creamer on platinum jewellery promotion. Video and Video Editing. Nicholas Boyd

CITIC Metal gets internal green light to buy 19.5% stake in Ivanhoe

By: Marleny Arnoldi     9th July 2018 China State-owned investment company CITIC’s subsidiary CITIC Metal has completed its confirmatory due diligence and has received the necessary internal approvals to complete the long-term, strategic cooperation and investment agreement with TSX-listed Ivanhoe Mines.  

Tharisa’s PGMs, chrome production continues to exceed targets

By: Marleny Arnoldi     9th July 2018 Aim- and JSE-listed integrated resources group Tharisa reported record platinum group metals (PGMs) recoveries at 85.6%, which continues to exceed targeted recoveries of 80%, for the three months ended June 30.  

Tharisa’s PGMs, chrome production continues to exceed targets
Tharisa CEO Phoevos Pouroulis

2 500 job cuts weren’t enough for world’s no. 2 platinum miner

By: Bloomberg     9th July 2018 Impala Platinum Holdings is facing some tough choices as the South African miner works to stem losses at aging shafts amid slumping prices for the metal. The world’s second-largest producer has already cut 2 500 jobs in the year through June and says there may be more to come. Only three of the... 

Moody’s reaffirms Sibanye’s credit rating

By: Creamer Media Reporter      6th July 2018 Moody’s Investors Service has maintained JSE- and NYSE-listed Sibanye-Stillwater's long-term Ba2 corporate family rating with a stable outlook. Moody’s noted that the rating reflects Sibanye's solid business profile, underpinned by diversified metal production revenues, as well as the company’s... 

Royal Bafokeng taking 100% of Rasimone platinum mine

By: Martin Creamer     5th July 2018 Black-controlled platinum mining company Royal Bafokeng (RBPlat) on Thursday announced that its joint venture partner Anglo American Platinum had agreed to accept R1.8-billion for the remaining 33% of the Bafokeng Rasimone Platinum Mine (BRPM). Headed by CEO Steve Phiri, the JSE-listed RBPlat... 

Royal Bafokeng taking 100% of Rasimone platinum mine
Photo by Creamer Media
Royal Bafokeng Platinum CEO Steve Phiri

Eurasia’s Monchetundra mining permit in ‘final stages’

By: Simone Liedtke     3rd July 2018 Aim-listed Eurasia Mining on Tuesday announced the approval of the Monchetundra mine permit application by the Russian Ministry of Economic Development (MOED). The mine permit application, for the 80%-owned two-million-ounce platinum-group metals (PGM) reserve and resource, is now awaiting sign... 

Sibanye-Stillwater cuts gold production guidance, CEO outlines safety plan

By: Simone Liedtke     2nd July 2018 Precious metals miner Sibanye-Stillwater on Monday lowered its production guidance for its South African gold mines, following production stoppages as a result of a spate of deaths in the first six months of the year. The company said that its South African operations would produce 6% less gold... 

Sibanye-Stillwater cuts gold production guidance, CEO outlines safety plan
Sibanye-Stillwater CEO Neal Froneman

Amplats to report higher H1 earnings

By: Anine Kilian     29th June 2018 Anglo American Platinum (Amplats) expects its headline earnings and headline earnings a share for the six months ended June 30, to be R150-million, or 57c a share, higher than that reported for the six months to June 30, 2017. Basic earnings and basic earnings a share will also be at least... 

WPIC strengthens its leadership with new appointments 

By: Simone Liedtke     28th June 2018 The World Platinum Investment Council (WPIC) has appointed Sally Singer as investor development director. She will lead the WPIC’s investor development activities, servicing the existing platinum audience and identifying and expanding the potential platinum investor base, while reporting directly... 

WPIC strengthens its leadership with new appointments
WPIC investor development director Sally Singer

Unpacking the latest headlines in mining  

28th June 2018 Mining Weekly editor Martin Creamer unpacks Orion Minerals recently raising A$11-million, fuel cell development and Glencore's South African expansion. 

Unpacking the latest headlines in mining
Unpacking the latest headlines in mining

UK regulatory body approves Sibanye’s acquisition of Lonmin

By: Marleny Arnoldi     28th June 2018 The UK’s Competition and Markets Authority (CMA) has cleared precious metals miner Sibanye-Stillwater’s proposed acquisition of platinum producer Lonmin.  

UK regulatory body approves Sibanye’s acquisition of Lonmin
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

London court backs Deripaska in battle of Russian tycoons 

By: Reuters     28th June 2018 Russian tycoon Oleg Deripaska got a boost on Wednesday in a long-running battle for control of Norilsk Nickel when a high court judge ruled fellow investor Roman Abramovich did not have the right to sell shares in the miner to a third businessman. Deripaska, who controls aluminium giant Rusal,... 

London court backs Deripaska in battle of Russian tycoons
Oleg Deripaska

UK court: Abramovich did not have right to sell stake in Nornickel to Potanin

By: Reuters     27th June 2018 Russian billionaire Roman Abramovich, best known in Britain as the owner of Premier League soccer club Chelsea, did not have the right to sell a stake in a Norilsk Nickel to another businessman, Vladimir Potanin, a London High Court judgment said on Wednesday. The ruling follows a long battle... 

Implats appoints new CFO

By: Reuters     27th June 2018 South Africa's Impala Platinum (Implats) said on Wednesday it had appointed Meroonisha Kerber as CFO effective the beginning of August. The appointment of Kerber, who will also serve as an executive director of the Implats Board, comes after the resignation of the former CFO Brenda Berlin in... 

Ongoing fuel cell developments kindle hope for platinum demand 

By: Martin Creamer     26th June 2018 Ongoing hydrogen fuel cell developments across the globe are kindling hope for an eventual significant increase in platinum demand. This month alone, Hyundai Auto Canada took part in the official opening of Canada's first retail hydrogen fuelling station operated by Shell and Hydrogen Technology... 

Ongoing fuel cell developments kindle hope for platinum demand
Photo by Canadian Broadcasting Corporation
Shell hydrogen GM Oliver Bishop fuels a fuel cell Hyundai in Vancouver.

Minerals Council said to plan free-carry challenge

By: Bloomberg     25th June 2018 South Africa’s main mining lobby group told analysts and mining companies that it would probably challenge a final draft of the government’s new Mining Charter if two key points of dispute aren’t removed, according to two people familiar with the matter. The Minerals Council South Africa, which... 

Minerals Council said to plan free-carry challenge
Photo by Dylan Slater
Mineral Resources Minister Gwede Mantashe

PTM’s continued listing plan accepted by the NYSE

By: Anine Kilian     22nd June 2018 The NYSE has accepted Platinum Group Metals’ (PTM’s) plan to regain compliance with the continued listing requirements of the stock exchange. The company is not currently in compliance with NYSE listing standards, but its listing is being continued pursuant to an exception. 

New molecules to simplify precious metals recovery

By: Nadine James     22nd June 2018 US-based University of Notre Dame researchers have invented a new class of molecules that can simplify the process used to recover precious metals such as gold, platinum, and palladium, the university noted in a press statement last week. The research was funded by the US National Science... 

Rio-Carb commissions academic research into the future of South Africa’s mining sector

By: Nadine James     21st June 2018 Chromium carbide (CrC) wear solutions provider Rio-Carb MD Martin Maine has identified a gap in the mining sector in the form of a lack of local beneficiation in the second-tier supply chain in the South African mining industry, and has commissioned academic research to establish how the country... 

Rio-Carb commissions academic research into the future of South Africa’s mining sector
Rio-Carb MD Martin Maine

Latest News

more

Latest Videos

more

Projects

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Close