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Topic

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... 

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.  

Rio Tinto says minerals sands operation in South Africa shut by protests

By: Reuters     11th July 2018 A mineral sands operation on the South African coast run by Rio Tinto has been closed since Friday due to violent community protests which saw a security guard killed earlier this week, the company and a union said on Wednesday. Community unrest is a common feature of South Africa's social... 

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... 

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... 

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... 

Northam ups funding capacity as stockpile monetisation ensues

By: Martin Creamer     24th May 2018 Platinum mining company Northam has increased its funding capacity to tide it over a capital intensive development period. A new R1-billion two-year unsecured revolving credit facility to April 2020 is augmenting a previous R2-billion unsecured revolving credit facility to November 2021, taking... 

Sibanye CEO confident of Lonmin takeover despite cash burn

By: Reuters     18th May 2018 Sibanye-Stillwater is confident its planned purchase of Lonmin will go ahead, but the struggling platinum producer must slow its cash burn, the South African firm's chief executive said. Sibanye's £285-million all-share bid to create the world's second largest platinum miner faces hurdles... 

Mind the gap: Can subway and landmine technologies save South African platinum?

By: Reuters     16th May 2018 Technologies used to carve subways and clear landmines are being retooled to mechanise South Africa's platinum mines, where an unforgiving geology has stymied such efforts at a huge cost. The technologies may make new mines profitable and could provide a lifeline for some loss-making shafts in a... 

World's No. 2 platinum stock languishes on output, cost concerns

By: Bloomberg     10th May 2018 Bad news from South Africa’s platinum belt has pushed shares of the world’s No. 2 producer of the metal to the lowest since 1999. Impala Platinum Holdings has dropped 40% this year as investors fret over glitches at its Rustenburg operations and cost ratios that compare unfavorably with some... 

Amplats awarded global sustainability accolade

By: Anine Kilian     9th May 2018 Anglo American Platinum (Amplats) has achieved the second-highest sustainability practice score within the metals and mining sector category of ISS-oekom’s global ‘Corporate Responsibility Review 2018'. ISS-oekom is an environmental, social and governance (ESG) research and rating agency. 

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... 

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.  

On-The-Air (20/04/2018) 

By: Martin Creamer     20th April 2018 South Africa is expected to play an important role in a large new multi-billion-rand potash project in the Republic of Congo. Wonderful news for platinum is that mining equipment driven by a fuel cell is scheduled to make a game-changing debut underground next year. Mining giant Glencore has... 

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... 

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... 

Ultra-intensive investigation needed to expose intentions of brutal Modikwa killers

By: Martin Creamer     13th April 2018 Mineral Resources Minister Gwede Mantashe has correctly called on police to pull out all the stops in their investigation of the horrific killing of six mineworkers and the injuring of 44 others on April 2, when the bus in which 50 Modikwa Platinum Mine employees were travelling was brutally... 

PGMs industry sees crisis, Mantashe sees new dawn

By: Marleny Arnoldi     10th April 2018 Mineral Resources Minister Gwede Mantashe on Tuesday described the mining industry as one that is in self-doubt, believing that it is about to die, where suspicion and mistrust is at a high level. “I fail to understand why platinum is in a crisis,” he said, adding that mining stakeholders need to... 

Zimbabwe wants mining companies to list on local exchange

By: Bloomberg     5th April 2018 Zimbabwe wants mining companies operating in the country to list the majority of their shares on the local exchange, stirring uncertainty among investors as the nation with the world’s biggest platinum reserves after South Africa tries to bring in money to fix the economy. “No mining right or... 

Innovative mobile toilet solutions suit mining industry

By: Melissa Zisengwe     30th March 2018 Cape Town-based premier mobile ablutions and toilets supplier Absolute Ablutions is offering the mining industry an innovative range of toilets, providing the most effective and affordable sanitation for remote mining sites. A variety of high-quality toilet units, including basic non-flush,... 

Transport system ready for implementation in new investment cycle

By: Paige Müller     30th March 2018 Negative investor sentiment in the mining sector over the past four years has slowed the local mining industry’s adoption of a new suspended underground mining transportation system, designed by South African transportation system solutions provider Futran Holdings. Futran Holdings, the developer... 

Amplats commits to community water initiative near Mogalakwena

By: Marleny Arnoldi     23rd March 2018 Global platinum miner Anglo American Platinum (Amplats) has embarked on an initiative to fund solutions to some of the water challenges in the communities surrounding its Mogalakwena openpit mine, in Limpopo.  

Anglo American Platinum and Yokogawa Forging a New Way Forward

7th March 2018 Mining Opportunities with new local business entity Yokogawa South Africa is proud to announce the signing of a distributor agreement with 3E Control and Instrumentation (3E C&I) to support local business development by the supply of their wide range of instrumentation products in the North West... 

Froneman calls for collective action towards zero harm in fatality-plagued mining business 

By: Martin Creamer     22nd February 2018 A strong call to action was made by Sibanye-Stillwater CEO Neal Froneman on Thursday for a common purpose towards zero harm in South Africa's mining industry, where rising fatality numbers are causing great concern. Froneman said a point had been reached where management on its own could not make... 

Mogalakwena gushes cash as Amplats modernises, studies growth, advances fuel cell 

By: Martin Creamer     19th February 2018 The Mogalakwena platinum mine lived up to its reputation of being the most profitable platinum group metals (PGM) mine on the planet when it gushed cash and elevated a modernising, community supporting, environment protecting, growth studying and fuel-cell marketing Anglo American Platinum... 

Local PGMs industry at risk, but service provider optimistic 

By: Simone Liedtke     13th February 2018 South Africa – which accounts for about 80% of the global platinum-group metals (PGMs) reserve – is at risk of receiving less valuable foreign exchange, owing to ever-increasing mining costs and the uncertainty created by the socio-political strife on the local platinum belt, states South African... 

Zimbabwe to consider waivers on platinum, diamonds ownership law

By: Bloomberg     8th February 2018 Zimbabwe will consider applications from companies mining platinum or diamonds to be exempted from a requirement that they be at least 51% owned by black citizens of the country. The government wants companies to show they have a plan to achieve compliance before it will consider granting... 

Increasing demand is platinum solution – Amplats

By: Martin Creamer     6th February 2018 Platinum group metals (PGMs) react positively to the amount of money spent on marketing, in a similar way to diamonds, Anglo American Platinum CEO Chris Griffith said on Tuesday. Speaking during a panel discussion on day two of the Mining Indaba, Griffith said PGMs were unlike copper, coal or... 

South Africa completes inquiry into Lily mine tragedy – Zwane

By: African News Agency      5th February 2018 South Africa’s mining minister Mosebenzi Zwane said on Monday that government had completed its inquiry into the tragedy of Lily mine and that the report would now be handed over to the Department of Mineral Resources. "The inquiry into the Lily Mine accident has been concluded, and a report will... 

Amplats’ sale of Union mine, MASA Chrome to Siyanda to conclude on Feb 1

By: Anine Kilian     26th January 2018 Platinum miner Anglo American Platinum (Amplats) has completed the necessary conditions relating to the sale of its 85% interest in the Union mine and its 50.1% interest in MASA Chrome Company, by its wholly owned subsidiary Rustenburg Platinum Mines, to a subsidiary of Siyanda Resources. The... 

Consultancy to partner with black entrants as they acquire Tier 1 coal assets

By: Martin Creamer     26th January 2018 Project delivery and engineering consultancy WorleyParsons RSA is once again answering the call for transformation and broader economic participation of previously disadvantaged South Africans. The company’s latest initiative is black entrepreneur development in coal, which will be its key focus... 

Consultancy to partner with black entrants as they acquire Tier 1 coal assets 

By: Martin Creamer     26th January 2018 Project delivery and engineering consultancy WorleyParsons RSA is once again answering the call for transformation and broader economic participation of previously disadvantaged South Africans. The company’s latest initiative is black entrepreneur development in coal, which will be its key focus... 

Stakeholders can look forward to reinforced offering

26th January 2018 With countless networking opportunities vying for the attention of the numerous decision-makers flocking to Cape Town in February to attend the annual Investing in African Mining Indaba, the event’s organiser has reinforced its offering with the introduction of a Junior Mining Showcase as well as... 

Bokoni closure contributes to lower Q4 PGMs output at Amplats

By: Creamer Media Reporter      25th January 2018 Anglo American Platinum (Amplats) produced 1.22-million ounces of platinum group metals (PGMs) in the fourth quarter of 2017, a 4% year-on-year decrease, as a result of the closure of unprofitable ounces at the Bokoni mine and the temporary closure of the Mototolo concentrator. PGM concentrate... 

Zimbabwe may scrap local ownership rule on platinum, diamonds

By: Bloomberg     23rd January 2018 Zimbabwe, which has the world’s second-biggest platinum reserves, may lift a requirement that companies mining the metal or diamonds must be at least 51%-owned by black citizens of the country, President Emmerson Mnangagwa said. Mnangagwa, who became president in November after Robert Mugabe... 

South African company building new smelter in Zimbabwe

By: Victor Moolman     19th January 2018 Foundry and engineering company Thos Begbie is working in the Great Dyke of Zimbabwe, close to the town of Shurungwi, where it is helping to construct the Unki platinum smelter, adjacent to a mining operation owned by platinum mining company Anglo American Platinum (Amplats). Thos Begbie was... 

CMTI Group gears up to supply gold, platinum mines

By: Megan van Wyngaardt     9th January 2018 Mining equipment and machinery supplier CMTI Group, which started operations at its Gauteng-based factory last year, aims to raise $20-million before the close of the first quarter of this year to increase its production capacity. Initial indications and expressions of interest from potential... 

Amplats reaches deal with South African tribal leader in community fund row

By: Reuters     9th January 2018 A South African tribal leader has agreed to a more transparent structure for a R175-million ($14-million) community trust funded by Anglo American Platinum (Amplats), a move that aims to curb unrest around the firm's most profitable mine. The changes relate to the Mapela Trust, which was set up... 

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