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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.  

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. 

Chamber rebrand as Minerals Council South Africa establishes valuable ‘reboot’ opportunity for South Africa’s most important industry

By: Martin Creamer     1st June 2018 The introduction of the Minerals Council South Africa provides the struggling South African mining industry with a chance to establish an important new beginning. Proper leadership has the potential to set South Africa on an upward course under the growing realisation that if the country... 

Miners halt dividend payouts, stay-in-business capex as price languishes in the doldrums

By: Natasha Odendaal     25th May 2018 The once burgeoning platinum industry that in the recent past benefited from a years-long upswing in commodity demand and prices is now failing to recover from the global economic depression that heralded the end of its glory days and shut many smaller operators down. In the wake of the 2008... 

Miners halt dividend payouts, stay-in-business capex as price languishes in the doldrums

By: Natasha Odendaal     25th May 2018 The once burgeoning platinum industry that in the recent past benefited from a years-long upswing in commodity demand and prices is now failing to recover from the global economic depression that heralded the end of its glory days and shut many smaller operators down. In the wake of the 2008... 

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... 

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.  

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 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... 

Steve Phiri

By: Martin Creamer     13th April 2018 This week Mining Weekly features Steve Phiri, the CEO of the JSE-listed Royal Bafokeng Platinum since 2010, and VP of the Chamber of Mines of South Africa. 

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.  

First phase of PTM’s Maseve sales transaction completed

By: Simone Liedtke     6th April 2018 TSX-listed Platinum Group Metals (PTM) has completed the sale of its Maseve concentrator plant, near Rustenburg, in South Africa’s North West province, as well as the sale of certain surface rights to Royal Bafokeng Platinum (RBPlat). PTM and RBPlat in November 2017 executed definitive agreements... 

Resources Watch  

15th March 2018 This week: Exxaro negotiating new business opportunities beyond mining German ruling likely blessing in disguise for platinum And, Implats harvests loss shafts, mulls more investment in profitable shafts 

German ruling likely blessing in disguise for platinum - RBPlat  

7th March 2018 The German Federal Court ruling on diesel car emissions, which could cost transgressors eight-billion euros in fines a year, is seen as a likely blessing in disguise for platinum, Royal Bafokeng Platinum. Mining Weekly editor Martin Creamer has the details. 

German ruling likely blessing in disguise for platinum - RBPlat 

By: Martin Creamer     6th March 2018 The German Federal Court ruling on diesel car emissions, which could cost transgressors eight-billion euros in fines a year, is seen as a likely blessing in disguise for platinum, Royal Bafokeng Platinum (RBPlat) CEO Steve Phiri said on Tuesday. The global backlash against diesel-engine cars,... 

RBPlat expects lower full-year HEPS

By: Creamer Media Reporter      23rd February 2018 Royal Bafokeng Platinum (RBPlat) expects to report headline earnings per share (HEPS) of between 51c and 60c for the year ended December 31 – a 30.8% to 41.2% decrease on the HEPS of 86.7c reported for 2016. Normalised HEPS, after adjusting for the impact of a restructuring charge and a one-off... 

Stage one of PTM's Maseve sale to RBPlat nearing conclusion

By: Simone Liedtke     14th February 2018 All remaining conditions precedent for Platinum Group Metals' (PTM's) sale of the Maseve concentrator plant and certain surface rights to Royal Bafokeng Platinum (RBPlat) have been fulfilled or waived. Stage one of the sale of Maseve Investments 11 to RBPlat will now proceed, with a $58-million... 

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... 

Mbazima urges immediate dialogue on rail, port expansion

By: Martin Creamer     5th February 2018 South Africa’s ability to revitalise crucial infrastructure, especially rail and port networks, is among the key actions needed to bring investment back into the South African mining industry, Anglo American South Africa deputy chairperson Norman Mbazima said on Monday. Speaking on first day of... 

Tribunal approves sale of Maseve mine to Royal Bafokeng

By: Anine Kilian     17th January 2018 The South African Competition Tribunal has approved the sale of TSX-listed Platinum Group Metals’ (PTM’s) Maseve Investment to Royal Bafokeng Platinum (RBPlat). The first step of the $74-million deal is under way and will see RBPlat pay an initial $58-million in cash to acquire the concentrator... 

PTM widens Q4 loss as accounts due mount

By: Henry Lazenby     12th January 2018 Precious metals project developer Platinum Group Metals (PTM) has widened its net loss for the first fiscal quarter ended November 30 to $12.44-million, or $0.08 a share, compared with a net loss of $2.45-million, or $0.03 a share a year earlier, the Vancouver-based company reported late on... 

Protestor killed during community uprising at RBPlat’s North shaft

By: Megan van Wyngaardt     11th January 2018 Royal Bafokeng Platinum (RBPlat) on Thursday said a person was killed after a group of more than 100 protestors – including former employees and unknown persons – attempted to gain unlawful access to the shaft premises at its North Shaft, near Rustenburg, on Wednesday evening. The premises were... 

PTM shifts focus to Waterberg project, debts

By: Megan van Wyngaardt     30th November 2017 TSX-listed Platinum Group Metals (PTM) on Thursday said its main focus in the year ahead would be on advancing its large-scale, bulk minable Waterberg project, in South Africa, after agreeing to sell its position in the Maseve mine to Royal Bafokeng Platinum. The miner said it would also focus on... 

Way paved for PTM's disposal of platinum mine to Royal Bafokeng

By: Creamer Media Reporter      23rd November 2017 TSX-listed Platinum Group Metals (PTM) on Thursday announced that the due diligence and the execution of binding legal agreements to sell Maseve Investment to Royal Bafokeng Platinum (RBPlat) had been concluded. The $74-million deal will see RBPlat pay Maseve an initial $58-million in cash to... 

Rosond achieves one year zero harm at drilling sites

31st October 2017 Several drilling sites operated by Rosond have successfully achieved a full year of ‘zero harm’. Rosond employs more than 1600 people who work under physically demanding and risky conditions. This safety achievement bolsters the successful implementation of Rosond’s health and safety processes by... 

Royal Bafokeng is said to be ordered to suspend mining at shaft

By: Bloomberg     27th October 2017 South Africa’s Royal Bafokeng Platinum was ordered Thursday by mining inspectors to suspend operations at its North shaft, according to two people familiar with the situation. The company was issued with a Section 54 notice for the entire shaft, said the people who asked not to be identified... 

RBPlat puts foot on capex accelerator at Styldrift

By: Martin Creamer     12th October 2017 The total capital expenditure (capex) of Royal Bafokeng Platinum (RBPlat) surged on increased mining and construction activities at the company’s Styldrift 1 project in line with ramp-up plans. The black-owned and controlled, mid-tier platinum group metals producer, which operates the Bafokeng... 

Electric buses expected to spur platinum demand – Implats 

By: Martin Creamer     19th September 2017 Electric buses powered by platinum-catalysed fuel cells are attracting the attention of South Africans, who will visit Germany next month to update themselves on passenger carriers that emit zero pollution into the atmosphere. “There’s a lot of interest in fuel cell buses simply because the... 

On-The-Air (08/09/2017) 

By: Martin Creamer     8th September 2017 Acid mine water, a horrible legacy of a century of mining, is now being used to recover gold off old mine dumps; Hugely expensive mine dump vegetation is being burnt by vandals, sparking fears to dust storms across the Golden City; Black-controlled Royal Bafokeng Platinum is buying platinum... 

Royal Bafokeng Platinum in $74m Maseve deal

By: Martin Creamer     6th September 2017 Black-controlled platinum mining company Royal Bafokeng Platinum (RBPlat) has entered into a $74-million term sheet transaction with Platinum Group Metals (PTM) to acquire the concentrator plant and surface assets of the Maseve mine, including power and water. Both companies on Wednesday... 

Northam ploughs 80% more funding into platinum jewellery marketing 

By: Martin Creamer     30th August 2017 Platinum group metals (PGMs) mining company Northam Platinum has increased its contribution to the industry’s funding of the marketing of platinum jewellery. In the 12 months to June 30 next year, its contribution will be $900 000, 80% up on the $500 000 contributed in the financial year just... 

Clarifying impact of powertrain electrification on platinum

25th August 2017 Global market authority on physical platinum investment the World Platinum Investment Council (WPIC) believes that the market is overestimating the negative impact of powertrain electrification, the movement to electric vehicles (EVs), on platinum demand. This is according to the WPIC’s July... 

Huge opportunity to create more demand for platinum – PGI 

By: Martin Creamer     23rd August 2017 The South African platinum industry has been investing in platinum jewellery for more than 45 years through the Platinum Guild International (PGI), which has turned platinum jewellery into an amazing South African asset. Of all the platinum demand levers, platinum in jewellery is the one that can... 

Resources Watch  

10th August 2017 Mentors ease entry; Women representation increases from ‘extreme minority’ to 13%-plus of SA’s mining workforce; and NUM and ANC ‘very encouraging’ says Royal Bafokeng 

On-The-Air (04/08/2017) 

By: Martin Creamer     4th August 2017 Royal Bafokeng Platinum this week urged the government to impose stricter air pollution control; The names of all IDC clients, including politically exposed people, are now being made public; and Botswana is taking steps to build its own Sasol. 

Introduce stringent anti-emission laws – Royal Bafokeng Platinum

By: Martin Creamer     2nd August 2017 The South African government must introduce stringent anti-emission legislation as well as press for the platinum equivalent of the gold Kruger Rand, Royal Bafokeng Platinum CEO Steve Phiri insists. Phiri expressed dismay at the government, as custodian of the world’s major platinum endowment,... 

NUM, ANC ‘very encouraging’ – Royal Bafokeng Platinum 

By: Martin Creamer     1st August 2017 Royal Bafokeng Platinum CEO Steve Phiri said on Tuesday that he was “very encouraged” by the stance taken the day before by the National Union of Mineworkers (NUM) and the ruling African National Congress (ANC). “We can only improve the situation if we work together and not against each other,”... 

PTM successfully moves to new Maseve operating plan

By: Natasha Odendaal     31st July 2017 TSX- and NYSE-listed Platinum Group Metals (PTM) has concluded contractor terminations and consultations with labour unions as it revamped the operating plan for the Maseve platinum mine. PTM has successfully lowered its cost structure to align with a reduced production ramp-up profile after... 

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