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Palladium News

PGMs are being hammered by the chip shortage

By: Bloomberg     16th September 2021 The shortage of semiconductors is clobbering the price of platinum-group metals as investors brace for a long-lasting hit to car production. Platinum and its sister metals palladium and rhodium – used in pollution-cutting catalytic converters – have all suffered sharp drops in recent weeks as... 

Mining companies launch International Mining Safety Hub to help reduce fatalities 

By: Creamer Media Reporter      15th September 2021 Various large mining companies have joined hands to launch the International Mining Safety (IMS) Hub – an online hub of industry-endorsed visual safety tools that allow for greater learning opportunities and improved safety for all levels of employees. "This is a collaboration by industry, for... 

A photo of a mineworker in a South African underground mine

Mining production up 10.3% y/y in July

By: Donna Slater     14th September 2021 Statistics South Africa (Stats SA) reports that production from South Africa’s mining industry increased by 10.3% year-on-year in July, with the largest contributors being the production of iron-ore, which was up by 42.9%, contributing 3.9 percentage points to the overall tally. Platinum group... 

South Africa’s junior mining dearth result of unintended consequence – AmaranthCX  

By: Martin Creamer     14th September 2021 South Africa’s junior mining dearth is a result of savings no longer flowing through to primary capital raising and stock exchange listings, as the Jacobs Committee expected them to do. The unintended consequence is that there are no longer small investors for small companies. This has negatively... 

Creamer Media screenshot of AmaranthCX director Paul Miller taken during Zoom interview.
AmaranthCX director Paul Miller interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Mining industry lost 23 000 jobs between 2012 and 2019 – Stats SA

By: Tasneem Bulbulia     14th September 2021 About 23 000 jobs were lost in the mining sector between 2012 and 2019, a mining industry report compiled by Statistics South Africa (Stats SA) shows. The biggest losses in jobs were recorded in the mining of gold at 42 000 and platinum group metals (PGMs) at 8 000, Stats SA said in a September... 

National collaboration essential to win share of green hydrogen market, say debaters  

By: Martin Creamer     13th September 2021 South Africa’s early mover advantage in green hydrogen would fade and become ineffective over time without a collaborative, collective and holistic national approach that assures the export of green hydrogen over and above its domestic use. That was the strong message that came across in the... 

Screenshot taken by Creamer Media during debate on green hydrogen.
Hydrogen Economy Discussion covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Broadening ESG has provided clear paths to economic benefit – Sibanye-Stillwater  

By: Martin Creamer     10th September 2021 Sustainability is not a function of compliance but rather a strategic imperative to change the role that mining plays in society and in economies, says Sibanye-Stillwater senior vice-president and head of sustainability Loyiso Ndlovu. “We do this by sticking to the knitting in being miners, and... 

Sibanye Investor Day 2021
Sibanye-Stillwater Investor Day covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Palladium plunges to 12-month low on automaker-demand concerns

By: Bloomberg     10th September 2021 Spot palladium dropped to the lowest in more than a year, extending a slump in the metal amid concern over demand from automakers and prospects for substitution after a price-run-up earlier this year. Palladium, which reached a record high earlier in May, fell for a fourth straight day to the... 

Palladium plunges to 12-month low on automaker-demand concerns

By: Bloomberg     10th September 2021 Spot palladium dropped to the lowest in more than a year, extending a slump in the metal amid concern over demand from automakers and prospects for substitution after a price-run-up earlier this year. Palladium, which reached a record high earlier in May, fell for a fourth straight day to the... 

An image of a palladium bar

Platinum demand strengthening – WPIC  

By: Martin Creamer     9th September 2021 Platinum demand appears to be strengthening on increased loadings, particularly in China’s strong-selling heavy-duty vehicles, more substitution of palladium by platinum, and greater investor interest, particularly with platinum’s links to the hydrogen economy. That is an overall outlook summary... 

Pic of WpIC research head
Platinum demand strengthening – WPIC

Shut Nkomati Nickel has good-grade, long-life underground potential – ARM  

By: Martin Creamer     8th September 2021 The large underground resource that remains at the shut Nkomati Nickel mine in Mpumalanga provides optionality depending on market conditions, says African Rainbow Minerals (ARM) CEO Mike Schmidt. The Nkomati mine, located near Machadodorp, has been on care-and-maintenance since March as the... 

Creamer Media screenshot of Mike Schmidt when he was presenting ARM's financial results in September 2021
African Rainbow Minerals CEO Mike Schmidt reports on Nkomati Nickel covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Allan Gray lifts interest in Sibanye above 5%

By: Creamer Media Reporter      7th September 2021 Investment management company Allan Gray has, on behalf of its clients, increased its interest in precious metals miner Sibanye-Stillwater above 5%. Allan Gray now holds a 5.0020% interest in Sibanye, compared with the 4.9865% interest it previously held. 

Extractives sector moves to turn the tide on corruption

By: Creamer Media Reporter      7th September 2021 Governments, business and civil society are uniting in the fight against corruption in the extractives sector, demonstrating support and commitment for beneficial ownership transparency. The Extractive Industries Transparency Initiative (EITI) reports that anonymous ownership of companies can be... 

A photo of an openpit mining operation

Strength of high-flying ARM is its multiracial, multicultural character – Motsepe  

By: Martin Creamer     6th September 2021 The strength of South Africa, its businesses as well as African Rainbow Minerals (ARM) itself is its multiracial and multicultural character, which the country is privileged to have, ARM executive chairperson Dr Patrice Motsepe emphasised on Monday, when his JSE-listed company presented stellar... 

Screenshot of Dr Patric Motsepe taken from ARM website.
African Rainbow Minerals stellar financial results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

ARM earnings soar 136%, dividend up double plus

By: Martin Creamer     6th September 2021 The headline earnings of diversified mining company African Rainbow Minerals (ARM) soared 136% to a record R13-billion in the 12 months to June 30. The JSE-listed company, headed by executive chairperson Dr Patrice Motsepe, declared a final dividend of R20 a share, totalling R4 489-million. This... 

Creamer Media picture of the executive chairperson of African Rainbow Minerals.
Photo by Creamer Media
ARM executive chairperson Dr Patrice Motsepe

Implats studying three new projects as three approved projects get under way  

By: Martin Creamer     3rd September 2021 Platinum group metals mining and marketing company Implats is studying three new projects at the same time as three already approved projects get under way at a combined capital expenditure of close to R12-billion, Implats CEO Nico Muller has announced. During this week’s presentation of record... 

Picture of Implats CEO Nico Muller provided by Implats
Implats record financial results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Nornickel to negotiate settlement with fishery agency

By: Mariaan Webb     3rd September 2021 Palladium and nickel producer Nornickel has agreed with Russia's Federal Agency for Fishery (Rosrybolovstvo) to negotiate a potential settlement in kind of the claim filed by the agency against a subsidiary of the company. Rosrybolovstvo is claiming 58.7-billion ruble, about R805-million, for... 

Nornickel to negotiate settlement with fishery agency

PGMs create opportunity for Zim

By: Theresa Bhowan     3rd September 2021 Mining consultancy company the MSA Group says platinum group metals (PGMs) price recovery has benefited mining operations in Zimbabwe, in that the price recovery has been largely towards palladium rather than platinum, consequently resulting in renewed focus on the industry. Palladium has been... 

A graph depicting the comparison of platinum and palladium prices
BUMPY ROAD Palladium has been more valuable than platinum since 2018

Focus on South Africa’s critical PGMs supply role increasing – Implats 

By: Martin Creamer     2nd September 2021 The critical role South Africa plays in the supply of platinum group metals (PGMs) is gaining increasing focus, Implats said on Thursday. Following a period where South Africa’s relevance and the country’s importance tended to be discounted on the assumption that sourcing could be done from... 

Picture from Impats of Emma Townshend
Implats executive corporate affairs Emma Townshend

Implats contributes R13bn in taxes, royalties to South African government  

By: Martin Creamer     2nd September 2021 Platinum group metals (PGMs) mining and marketing company Implats has contributed about R13-billion in taxes and royalties to the South African government for the 12 months to June 30, Implats CFO Meroonisha Kerber said on Thursday. In total, the participation in value of the government,... 

Picture of Implats CFO  Meroonisha Kerber
Implats full-year results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Implats reports record financial results

By: Martin Creamer     2nd September 2021 Platinum group metals (PGMs) company Implats on Thursday reported record financial results for the 12 months to June 30, driven by higher volumes sold into a strong PGMs pricing environment. A final dividend of R12 a share was declared, bringing the total dividend for the full year ended June 30... 

Picture of Nico Muller, the CEO of Implats, a producer of PGMs
Implats CEO Nico Muller

Harmony planning further 73 MW of green electricity generation  

By: Martin Creamer     1st September 2021 Like everybody else, we’re on the verge of now starting to build our renewable energy plants. That is the latest news on the decarbonisation front from Harmony Gold CEO Peter Steenkamp, who spoke to Mining Weekly in a Zoom interview. (Also watch attached Creamer Media video.) 

Screenshot of Peter Steenkamp of Harmony during one-on-one Zoom interview
Harmony Gold CEO Peter Steenkamp interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Zimplats reports positive financial results despite challenging environment

By: Simone Liedtke     31st August 2021 Platinum-group metals (PGMs) miner Zimplats’ financial results for the year ended June 30 were positive, despite the challenging economic environment which has been exacerbated by the Covid-19 pandemic. The group’s main activity is the production of PGMs from its reserves and resources on the... 

Booysendal expansion plans well under way 

By: Donna Slater     31st August 2021 Mining and production expansion plans at platinum group metals miner Northam Platinum’s Booysendal mine are progressing on schedule, with the mine’s South mine (BCU and BCM mining modules) under construction and north aerial conveyor systems nearing completion. The... 

a picture of miners at the Booysendal South mine work on constructing a new decline shaft
Photo by Creamer Media's Donna Slater
Miners at the Booysendal South mine work on constructing a new decline shaft

Important link between South Africa’s mining industry and its public capital markets is broken

By: Martin Creamer     27th August 2021 With South Africa needing more listings on its stock exchanges, what can be done to encourage companies in general and junior mining companies in particular to go public? A lot of the building blocks are in place. South Africa has a stock exchange that punches way above its weight relative to the... 

Image of Engineering News and Mining Weekly magazine cover

New horizons for uranium as a green metal – Sibanye-Stillwater  

By: Martin Creamer     26th August 2021 Precious and green metals portfolio company Sibanye-Stillwater on Thursday presented new horizons for uranium, which it described as a significant element in its green metals portfolio. Speaking after the company shot the lights out with record dividend-rich financial results, Sibanye-Stillwater... 

Creamer Media picure of Neal Froneman
Precious and green metals portfolio company Sibanye-Stillwater on Thursday presented new horizons for uranium.

Sibanye-Stillwater shoots lights out with super record performance 

By: Martin Creamer     26th August 2021 Precious metals mining company Sibanye-Stillwater  on Thursday delivered another record financial performance for the six months ended June 30. The JSE- and New York-listed company headed by Neal Froneman reported significantly higher production year-on-year from the South African platinum group... 

Creamer Media picture taken of Neal Froneman
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

IDC in discussion on the introduction of an exploration fund – Demana   

By: Martin Creamer     23rd August 2021 The Industrial Development Corporation (IDC) is in discussion on the introduction of a fund to underpin much-needed exploration in South Africa. This was stated by Reginald Demana, the IDC’s head of mining and metals, infrastructure and energy, in a wide-ranging Zoom interview with Mining Weekly.... 

Reginald Demana picture from files
IDC Mining, Metals, Infrastructure & Energy Head Reginald Demana interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

South African mines join effort to temper next coronavirus wave

By: Bloomberg     20th August 2021 Outside Anglo American Platinum's Tumela mine shaft, about 25 workers, many still in the overalls and hard hats they wore on their shift, sit patiently waiting for their coronavirus vaccines while vervet monkeys scamper over the roofs of nearby steel storage containers. They then file into a room... 

World-first plant supplied

20th August 2021 Metallurgical industry plant supplier SMS group last month announced that it had supplied a world-first greenfield e-scrap recycling plant for precious metals to plastics recycling giant Ecopolis Corporation. Following a multi-month commissioning phase, SMS group handed over a greenfield... 

A stock image of electronic waste
ONE MAN'S TRASH Precious metals such as platinum can now be extracted from waste materials at a luxury car manufacturer in Russia

Use of recycled copper components limits costs

By: Halima Frost     20th August 2021 South Africa-based foundry and engineering company Thos Begbie has successfully manufactured and supplied recycled copper cast components to a platinum group metals (PGMs) smelter near Rustenburg, in the North West, over the past three months. About 115 000 kg of raw copper and 6 500 kg of... 

Thos Begbie manufacturing a copper inline arc furnace component from recycled copper
THROWING COPPER Thos Begbie has taken to recycling copper to decrease costs and increase lead times on its components

Turnkey projects to improve clients’ capacities

By: Halima Frost     20th August 2021 Vereeniging-based furnace and industrial services provider Dickinson Group of Companies (DGC) is executing two substantial projects in the local platinum group metals (PGMs) sector to improve the clients’ production capacities. “The full turnkey projects incorporate the majority of services... 

A large furnace being assembled and supplied to a platinum group metals client by Dickinson Group
COMPLETE COVER The full turnkey solution offered by Dickinson is currently being used on two platinum clients projects

PGMs help keep economy afloat

By: Halima Frost     20th August 2021 Market research company Frost & Sullivan Africa consultant Yaa Agyare-Dwomoh tells Mining Weekly that even though Covid-19 has negatively affected the majority of industries in South Africa, the mining industry proved to be relatively resilient, with mining companies enjoying increased gains. She... 

Raw platinum being held in a white glove, image from Bloomberg
HAND OUTS Owing to the positive impact the platinum sector has had even during the Covid-19 pandemic, the economy has needed less assistance than anticipated

Sibanye donates R52m to Wits for engineering faculty support, infrastructure uplift

By: Marleny Arnoldi     19th August 2021 JSE- and NYSE-listed Sibanye-Stillwater has announced it will contribute about R52-million in sponsorship over ten years to support and enhance the University of the Witwatersrand's (Wits') Faculty of Engineering and the Built Environment (FEBE). The precious metals miner on August 19 signed a... 

Shallow Reefs Gold hoping to announce capital raise out of North America  

By: Martin Creamer     18th August 2021 In the next few weeks, Shallow Reefs Gold is hoping to be able to announce what it describes as a fairly significant capital raise out of North America after being very active in the capital markets. The target pipeline of the company that is intent on mining shallow deposits of South Africa’s... 

A supplied picture of Mark Gilbert of NSDV law firm
Shallow Reef Gold’s Mark Gilbert interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Marikana massacre commemorated with second yearly memorial lecture  

By: Donna Slater     17th August 2021 The interdependence between business and stakeholders has never been more critical, nor has the need for collaboration to learn from past events and ensure they are never repeated, Sibanye-Stillwater CEO Neal Froneman said during the second yearly Marikana Memorial Lecture, on August 17. The... 

An image of Neal Froneman, the CEO of Sibanye-Stillwater
Marikana remembered with second memorial lecture

South Africa on verge of nice breakthroughs in hydrogen, says new SAIMM president  

By: Martin Creamer     17th August 2021 South Africa is on verge of nice breakthroughs in hydrogen, says newly elected Southern African Institute of Mining and Metallurgy (SAIMM) president Isabel Geldenhuys. Speaking to Mining Weekly in a Zoom interview, Geldenhuys expressed the view that all the big mines with big moving machinery... 

An image of new SAIMM president Isabel Geldenhuys
South African Institute of Mining and Metallurgy president Isabel Geldenhuys interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

SAIMM remembers Navin Singh

By: Donna Slater     17th August 2021 The mining career of Mandela Mining Precinct developer, Southern African Institute of Mining and Metallurgy (SAIMM) fellow and, most recently, Kumba Iron Ore’s head of technology, Navin Singh has been celebrated by the SAIMM after he died on July 12. Singh, who was with the SAIMM since 2018, was... 

An image of Navin Singh
Navin Singh
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