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Palladium News

Wesizwe to commission Bakubung processing plant in March or April

By: Marleny Arnoldi     Updated 55 minutes ago JSE-listed platinum miner Wesizwe Platinum has identified various deficiencies at its Bakubung platinum mine’s processing plant, in Rustenburg, in North West, after a test run of the entire system. Some of the snags include electrical malfunctioning of the flotation machine, a leak in the process... 

Mining fatalities reach a new low of 49; injuries, disease also decrease

By: Donna Slater     31st January 2023 South Africa’s mining industry suffered 49 fatalities in 2022 – a 34% improvement on the 74 fatalities of 2021 and a record low, thereby continuing the downward trend many in the mining industry have been rallying behind. “There has been no mine disaster or an accident where five or more people... 

Sibanye, Harmony, Gold Fields among miners listed in the 2023 Bloomberg Gender-Equality Index

By: Creamer Media Reporter      31st January 2023 Precious metals miners Sibanye-Stillwater, Harmony Gold and Gold Fields are among the mining firms recognised in this year's Bloomberg Gender-Equality Index. Harmony has been included in the index for the fifth consecutive year. 

Squeezed mining companies face growth dilemma

By: Reuters     31st January 2023 High costs and the prospect of shrinking earnings have made big miners nervous about expansion, even as shareholders demand investment in response to robust commodity prices, China's reopening and the role of minerals in decarbonising the economy. Although years of cost discipline have repaired... 

Solar saving gold mine $145 000 a month, more renewables on way, says Pan African 

By: Martin Creamer     30th January 2023 The 10 MW solar power plant at Evander is averaging savings of $145 000 a month for the Mpumalanga gold mine, Pan African Resources said on Monday. Construction is scheduled to begin in June on yet another solar facility, this time an 8 MW photovoltaic solar plant at Barberton Mines’ gold... 

Shaft at Evander gold mine.
Shaft at Evander gold mine.

Sylvania lifts full-year production guidance

By: Creamer Media Reporter      30th January 2023 Platinum group metals (PGMs) producer Sylvania Platinum has increased its production guidance for the 2023 financial year to between 70 000 oz and 72 000 oz of platinum, palladium, rhodium and gold (4E). This follows a strong production performance at Sylvania's operations in the six months ended... 

Green hydrogen research given R35m boost 

By: Martin Creamer     27th January 2023 South Africa's North-West University (NWU) is investing around R35-million in strategic funding to advance green hydrogen research over the next five years.   This follows the announcement that Hydrogen South Africa Infrastructure Centre of Competence (HySA CoC) at NWU is collaborating with... 

Hydrogen South Africa solar power installation at NWU to supply renewable power for hydrogen production.
Hydrogen South Africa solar power installation at NWU to supply renewable power for hydrogen production.

PTM resumes drilling at Waterberg

By: Marleny Arnoldi     26th January 2023 Canada-headquartered Platinum Group Metals (PTM) has confirmed that infill drilling is once again under way at the Waterberg palladium project site, in South Africa’s Bushveld Complex, after six of 16 boreholes were completed before the festive season break. The completed borehole drill cores... 

Loadshedding threatens South Africa's platinum supply 

By: Bloomberg     26th January 2023 South Africa’s worst ever power blackouts are threatening platinum and palladium supplies in the top miner, both now and in the years ahead. Outages last year curbed output of the metals, and the power crisis that’s crimping the economy has worsened in recent months. The nation’s platinum-group... 

A platinum bar produced by Impala Platinum
A platinum bar produced by Impala Platinum

Nornickel forecasts output drop in 2023 due to planned maintenance

By: Reuters     24th January 2023 Russian metals producer Norilsk Nickel said on Tuesday it expected its nickel and palladium production to fall this year due to planned refurbishment at its Nadezhda metallurgical plant after posting higher than forecast output in 2022. The resumption of production at two mines hit by flooding... 

Metals, mining industry execs pessimistic about global growth, CRU study finds

By: Tasneem Bulbulia     24th January 2023 More than half (52%) of global commodities business intelligence company CRU’s clients in the metals and mining industries expect global gross domestic product (GDP) to grow by no more than 1% this year, according to its yearly macroeconomic survey of clients, which polled global clients from the... 

Sasol secures first hydrogen-linked renewable energy supply contract  

By: Martin Creamer     24th January 2023 Chemicals and energy company Sasol has signed a long-term contract for the supply of 69 MW of renewable energy to its Sasolburg site in the Free State – the first of several agreements Sasol intends finalising in the coming months as it secures the renewable energy supply required to produce... 

Sasol energy business executive VP Priscillah Mabelane.
Photo by Creamer Media Chief Photographer Donna Slater
Sasol energy business executive VP Priscillah Mabelane.

Potanin says sanctions constrain Nornickel, force it to adjust strategy

By: Reuters     23rd January 2023 Nornickel boss Vladimir Potanin, one of Russia’s richest men, said on Monday that the metals giant was reworking its strategy and building closer ties with countries such as China, Turkey and Morocco because of Western sanctions on the Russian economy. Potanin told Russia’s RBC television that... 

Nornickel CEO Vladimir Potanin
Nornickel CEO Vladimir Potanin

Green hydrogen mine mobility on way in India to platinum applause

By: Martin Creamer     19th January 2023 India has opted for hydrogen fuel-cell heavy-duty mine truck mobility in a green initiative that will have platinum group metals (PGMs) miners applauding. This is because the clean emission-free power will come from proton exchange membrane PEM technology, which is PGM-enabled. 

Anglo American's large nuGen zero emissions haulage solution.
Photo by Creamer Media
Anglo American's large nuGen zero emissions haulage solution.

Africa can export its sunshine as hydrogen, prof highlights ahead of big Sun City event  

By: Martin Creamer     18th January 2023 JOHANNESBURG (miningweekly.com) – In the past, geopolitics was such that oil- and gas-rich countries developed faster, but now countries that are able to export their sunshine in the form of hydrogen will be the ones in the pound seats as the world transitions to clean, green energy. 

Hydrogen South Africa Infrastructure Competence Centre director Professor Dmitri Bessarabov.
Hydrogen South Africa's Prof Dmitri Bessarabov interviewed by Mining Weekly's Martin Creamer.

Waterberg spend reaches $81.5m

By: Marleny Arnoldi     16th January 2023 Canadian miner Platinum Group Metals (PTM) spent $1.06-million on the Waterberg project, located in the Bushveld Complex in South Africa’s Limpopo province, in the three months ended November 30, 2022, taking its total expenditure on the project to $41.5-million since inception. Total... 

China’s reopening should underpin commodity demand acceleration – Barclays 

By: Martin Creamer     13th January 2023 China’s reopening and ‘whatever it takes’ approach to the property sector are tectonic shifts that should underpin an acceleration in commodity demand through 2023, say Barclays Equity Research analysts. 2023 is set to be another strong year for miners, European metals and mining analysts Amos... 

Iron-ore sparkle.
Iron-ore sparkle.

Lithium sales from South Africa on track to begin this month, Marula Mining reports  

By: Martin Creamer     12th January 2023 Sales of lithium processed out of stockpiles at the Blesberg project in the Northern Cape are expected to commence this month. “We’re on track for the first delivery of a thousand tons through to the offtake party that we’ve contracted with,” Marula Mining CEO Jason Brewer told Mining Weekly in a... 

Marula Mining CEO Jason Brewer.
Marula Mining CEO Jason Brewer interviewed by Mining Weekly's Martin Creamer.

Heavy rainfall cuts Tharisa’s mining volumes for the Dec quarter

By: Marleny Arnoldi     11th January 2023 Platinum group metals and chrome miner Tharisa Minerals has reported a decline in its mining volumes to 1.08-million tonnes in the quarter ended December 31, owing to “unprecedented rainfall”. This compares to mining volumes of 1.31-million tonnes in the quarter ended September 30, and... 

Platinum-boosting clean hydrogen projects, patents are all the rage 

By: Martin Creamer     11th January 2023 The implementation agreement for Namibia’s planned multibillion-dollar Hyphen Hydrogen Energy project is scheduled to commence in the first quarter of this year, Namibia President Hage Geingob revealed in his 2023 New Year’s message. Egypt has granted approval for two green hydrogen projects in... 

Clean hydrogen patent innovation is all the rage, say IEA and EPO.
Clean hydrogen patent innovation is all the rage, say IEA and EPO.

Pronounced platinum production plummet­ predicted by independent consultant 

By: Martin Creamer     10th January 2023 Global mine supply of platinum will fall by 500 000 oz to a million ounces as South Africa’s power shortage lowers production from 2023 to 2027, independent precious metals consultant Dr David Davis calculates in a summary report on platinum group metals (PGMs) production and Eskom. Davis, who... 

Independent consultant Dr David Davis
Photo by Creamer Media
Independent consultant Dr David Davis

Enable South Africa to become green hydrogen centre – ANC

By: Martin Creamer     9th January 2023 Enabling South Africa to become a green hydrogen centre through government support is highlighted in the January 8 Statement 2023 of the National Executive Committee (NEC) of the African National Congress (ANC). "The ANC recognises important work in the Hydrogen Roadmap and directs government to... 

Cover image of 22-page ‘Year of Decisive Action’ document to mark ANC’s 111th anniversary.
Cover image of 22-page ‘Year of Decisive Action’ document to mark ANC’s 111th anniversary.

Triple Flag invests C$15m for royalty on Thunder Bay North project

By: Marleny Arnoldi     20th December 2022 TSX-listed streaming and royalty company Triple Flag Precious Metals Corporation has acquired a 2.5% net smelter returns (NSR) royalty on Clean Air Metals’ Thunder Bay North project, in Northern Ontario, effective December 15. A total C$15-million will be funded in two tranches, with the first... 

Lab confirms high-carbon sequestration potential of Nickel Creek’s Wellgreen deposit

By: Marleny Arnoldi     19th December 2022 TSX-listed Nickel Creek Platinum has announced that the Wellgreen deposit at its Nickel Shäw project, in Yukon, is capable of sequestrating about 34 400 t/y of carbon dioxide, or 2 100 t/y of carbon dioxide per million tonnes of tailings. The project is a large undeveloped nickel sulphide... 

Increased output attributed to facility expansion

By: Halima Frost     16th December 2022 Aim-listed metals processing company Jubilee Metals Group’s Inyoni platinum group metals (PGMs) processing facility, in Gauteng, has successfully increased its operational output, subsequent to the completion of its capitalisation and expansion programme in March. This is based on Inyoni’s... 

A platinum processing plant in the sunset
UPPING OUTPUT Jubliee's Inyoni mine has exceeded operational output predictions after its expansion

Prioritising energy security

By: Halima Frost     16th December 2022 As part of its greater five-year, R50-billion capital investment programme to extend life-of-mine (LoM) development at several of its operations, platinum group metals (PGMs) miner Impala Platinum (Implats) has allocated R4.3-billion to its energy security and decarbonisation projects in South... 

Preconstruction programme approved in principle

16th December 2022 In October New York Stock Exchange-listed mining house Platinum Group Metals (PTM) reported that the Waterberg Joint Venture (JV) Resources, in principle approved a R380-million pre-construction work programme for the Waterberg project, which focuses on early infrastructure, de-risking and... 

A map depicting the Waterberg project on the northern limb of the Bushveld Complex in South Africa
COMPLEX PROGRESS The pre-construction programme for the Waterberg project on the northern limb of the Bushveld Complex in South Africa has been approved in principal

Platinex takes option on Ontario critical minerals project

By: Creamer Media Reporter      15th December 2022 CSE-listed Platinex has signed a binding letter of intent to option a 100% ownership interest in the Muskrat Dam critical minerals project, in north-western Ontario. The project, located about 125 km northeast of Frontier Lithium’s PAK lithium project and 125 km northwest of Newmont’s... 

Platinum-based hydrogen, fuel cell decarbonisation winning global support 

By: Martin Creamer     14th December 2022 Platinum-based green hydrogen and fuel cell clean energy solutions made news across a broad front in 2022. Active support for the creation of a viable green hydrogen economy, along with the firm underpinning of a just energy transition in South Africa, have captured many headlines. 

Hydrogen reaching for the sky.
Hydrogen reaching for the sky.

South Africa's mining production down 10.4% y/y in Oct

By: Creamer Media Reporter      13th December 2022 South Africa's mining output decreased by 10.4% year-on-year in October, with platinum-group metals (PGMs), gold, diamonds and manganese ore having made the biggest negative contribution. Financial services provider Nedbank's economics unit pointed out that this marked the ninth consecutive month... 

Tharisa raises funds for Karo project

By: Tasneem Bulbulia     12th December 2022 Platinum group metals (PGMs) and chrome miner Tharisa has received applications from investors wanting to subscribe for notes totalling $31.8-million. Tharisa’s Karo Mining Holdings subsidiary previously launched a fixed-income note offer to raise $50-million. 

Underground mining at Anglo Platinum’s Mogalakwena targeted to start end 2024 

By: Martin Creamer     12th December 2022 The first potential underground mining at Anglo American Platinum’s opencast Mogalakwena platinum group metals (PGM) mine in Limpopo is targeted to start towards the end of 2024 and build up slowly to a full underground unit by the end of the decade. “We’re nearing the end of phase one of the... 

Anglo Platinum CEO Natascha Viljoen.
Anglo Platinum CEO Natascha Viljoen.

World’s rapid rate of change resulting in profound business disruptions, says Anglo CEO  

By: Martin Creamer     9th December 2022 The world changing at a rapid rate has resulted in profound disruptions to the business of Anglo American, CEO Duncan Wanblad told analysts and investors on Friday. Speaking during an update presentation covered by Mining Weekly, Wanblad said the London- and Johannesburg-listed diversified mining... 

Anglo American CEO Duncan Wanblad.
Anglo investor update covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Extortion ‘mafia’ hits South Africa’s $55bn mining sector

By: Bloomberg     9th December 2022 A threatening letter, a derailed train, blocked roads, burned vehicles, workers locked up. That’s what some of the world’s biggest mining companies say they’re battling in South Africa: Extortion. Covid plunged Africa’s most-industrialized country – home to the biggest deposits of metals ranging... 

A machine on site at a mining operation

Anglo invests $200m to accelerate zero emissions haulage solution 

By: Martin Creamer     7th December 2022 Diversified mining company Anglo American has signed a binding agreement with First Mode, the specialist engineering technology company it partnered to develop the nuGenTM technology. The agreement is intended to accelerate the commercialisation of the climate-friendly truck and includes Anglo... 

Green hydrogen can be near-future reality with collaboration, says Science Minister 

By: Martin Creamer     7th December 2022 The transition to green hydrogen can be a hugely beneficial reality in the near future with collaboration between companies, countries and knowledge institutions, Higher Education, Science and Innovation Minister Blade Nzimande told a just transition event attended by European Commission Joint... 

Higher Education Science and Innovation Minister Blade Nzimande.
Higher Education Science and Innovation Minister Blade Nzimande.

R100bn green hydrogen/ammonia project secures special status  

By: Martin Creamer     6th December 2022 The race towards a just energy transition in South Africa's hardest hit region takes another big step forward with the Coega Green Ammonia project receiving government support to fast-track development. At last week's South Africa Green Hydrogen Summit in Cape Town, Public Works and... 

Hive Hydrogen South Africa executive chairperson Thulani Gcabashe.
Hive Hydrogen South Africa executive chairperson Thulani Gcabashe.

Tharisa delivers its strongest financial results yet

By: Darren Parker     5th December 2022 Despite the macroeconomic challenges that have impacted global supply chains, inflation, and the mining sector, platinum group metals (PGMs) and chrome mining company Tharisa’s operational performance and sales, into what it views as a continued strong commodity price environment, has resulted in... 

Tharisa CEO Phoevus Pouroulis
Tharisa CEO Phoevus Pouroulis
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