GOLD 1281.11 $/ozChange: 6.16
PLATINUM 1422.00 $/ozChange: 1.80
R/$ exchange 10.69Change: 0.05
R/€ exchange 14.17Change: 0.07
 
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PGM
 
PLATINUM

Platfields in negotiations for mining assets acquisition

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Emerging platinum miner Platfields on Friday said it had been approached by a third party and had started negotiations for the acquisition of substantial mining assets. The company said that, if successful, the acquisition would result in a...
22nd August 2014
 
 
Platinum

Mechanisation a boon for PGM producers

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BUSINESS UNUSUAL Owing to increased wage and safety demands, the way the platinum group metals sector operates needs to be reviewed The unrest that has plagued the local platinum-group metals (PGM) industry over the last two years, culminating in this year’s five-month-long strike, which was spearheaded by trade union the Association of Mineworkers and Construction Union, has...
22nd August 2014
 
 
Platinum

Platinum junior to produce 400 000 oz by 2024

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LONG-LASTING RESERVES Atlatsa believes that Bokoni's life-of-mine is more than 100 years at the current extraction rate As part of its long-term vision, triple-listed platinum junior Atlatsa Resources aims to achieve steady-state production of 400 000 oz/y platinum, palladium, rhodium and gold platinum-group metals (4E PGM) by 2024 at its Bokoni opencast and...
22nd August 2014
 
 
Platinum

Platinum strike consequences starting to take shape

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UNION MINE Anglo American Platinum’s decision to discard several of its local mining operations will have a significant impact on mineworkers Platinum mining major Anglo American Platinum’s (Amplats’) recent announcement that it plans to sell as many as four mines and two joint ventures (JVs) is largely a result of the record five-month-long strike that beset the platinum sector earlier...
22nd August 2014
 
 
Platinum

PrepQuip

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With 25 years of mining technology and application experience, South Africa-based mining equipment supplier PrepQuip has been providing clients in the mining, minerals and metallurgical industries with internationally recognised equipment since...
22nd August 2014
 
 
Platinum

Processing plants help flagship project meet 2016 targets

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THARISA MINE, NORTH WEST The mine has a combined chromite and platinum-group metals concentrator that can produce 400 000 t/m run-of-mine  This year’s production outlook for Cyprus-headquartered integrated resources company Tharisa Minerals’ flagship chromite and platinum group metal (PGM) expansion project, near Marikana, on the western limb of the Bushveld Igneous Complex, in the...
22nd August 2014
 
 
Platinum

Significant PGM prospects at Burundi project

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PLATINUM PRESENCE Musongati has a significant concentration of platinum-group metals, with an indicated total of 394 parts per billion (ppb) of platinum and 778 ppb of palladium  Having been granted a mining licence in May to exploit the Musongati deposit, in Burundi’s Rutana province, exploration and development company Burundi Mining Metallurgy (BMM) – which is 91% owned by international investment corporation Kermas –...
22nd August 2014
 
 
DILUTION SETTLEMENT

PTM wins dilution dispute against SA empowerment partner

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Canadian project developer Platinum Group Metals (PTM) on Thursday announced that it had won a dilution dispute against a South African empowerment partner. PTM in November last year declared a dispute with Wesizwe Platinum subsidiary Africa Wide...
21st August 2014
 
 
 
 
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AMCU knocking on door at Northam’s Zondereinde... Video
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Bushveld moving fast to enter buzzing vanadium... Video
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Platinum deficit will likely widen in... Audio