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Palladium News

Implats to acquire a further one-million RBPlat shares

By: Creamer Media Reporter      31st March 2022 Platinum group metals miner Impala Platinum (Implats) has concluded agreements to acquire a further 1.01-million Royal Bafokeng Platinum (RBPlat) shares, constituting about 0.35% of RBPlat shares in issue. This will increase Implats' shareholding in RBPlat to 37.62%. 

Growth outcomes inform approach to dividends ­as Northam digs in on RBPlat deal

By: Martin Creamer     31st March 2022 Growth outcomes will inform Northam Platinum’s approach to dividends, the platinum group metals (PGMs) company stated in reporting 60%-higher half-year headline earnings a share. Northam highlighted that it still had an option to acquire a further 3.29% in Royal Bafokeng Platinum (RBPlat), which... 

Creamer Media picture.
Photo by Creamer Media
Northam Platinum CEO Paul Dunne

Africa has prime opportunity to provide commodities usually supplied by Russia

By: Marleny Arnoldi     29th March 2022 As Western Europe accelerates a structural transition away from Russian energy dependence, Africa will play a salient role in filling this void, says Oxford Economics Africa (OEA). During a webinar on March 29, the research company unpacked how a more pressing shift towards renewable energy and a... 

China’s imports have shifted platinum into global deficit, says independent consultant 

By: Martin Creamer     29th March 2022 China’s importation of platinum has shifted platinum’s supply balance into deficit, says independent precious metal consultant Dr David Davis. Supply-and-demand forecasts presented to the market are not giving the complete picture, Davis contends in a 17-page analysis published by Singapore-based... 

Creamer Media picture.
Photo by Creamer Media
Independent precious metals consultant Dr David Davis.

Green hydrogen energy supply to local communities envisaged by Anglo 

By: Martin Creamer     28th March 2022 The green hydrogen footprint being developed by Anglo American could be extended to provide low-cost and efficient energy to local communities. Anglo, which is advancing towards using green hydrogen to replace diesel in the huge haul truck it is building at Anglo American Platinum’s Mogalakwena... 

Creamer Media picture taken at South Africa Investment Conference
Photo by Creamer Media's Donna Slater
Anglo American CEO Mark Cutifani.

Bokoni platinum mine is large, high-grade opportunity, says African Rainbow Minerals 

By: Martin Creamer     25th March 2022 The Bokoni platinum group metals (PGM) mine being acquired for R3.5-billion by African Rainbow Minerals (ARM) hosts South Africa’s second largest PGM resource, with ready-built mining and processing plant infrastructure on site. Bokoni provides greater exposure to palladium and is close to ARM’s... 

Screenshot of ARM slide.
Increases ARM's combined platinum group metals resource base to 266-million ounces.

Opinion: Why green hydrogen is the fuel of the future

24th March 2022 In this article, ENGIE MD for thermal, hydrogen, desalination and battery storage for Africa Jonathan Debasc unpacks why green hydrogen is the future for South Africa. Renewable energy has widely been heralded as the future for countries on the journey towards becoming net-zero emission... 

ENGIE MD for thernal, hydrogen, desalinaion and battery storage for Africa Jonathan Debasc
ENGIE MD for thernal, hydrogen, desalinaion and battery storage for Africa Jonathan Debasc

Platinum group metals miner Implats commits R50bn to five-year capital programme 

By: Martin Creamer     24th March 2022 Platinum group metals (PGMs) mining and marketing company Implats affirmed at the South African Investment Conference on Thursday that it would commit close to R50-billion to its Southern African capital investment programme over the next five years. The investment capital would be targeted at... 

Implats CEO Nico Muller and President Cyril Ramaphosa at the investment conference
Photo by Creamer Media's Donna Slater
Implats CEO Nico Muller and President Cyril Ramaphosa at the investment conference

Hydrogen development expected to create up to 60 000 new jobs – Mjwara 

By: Martin Creamer     23rd March 2022 Green hydrogen development in South Africa has the potential to generate up to 60 000 new jobs in the next ten to 15 years, said Department of Science and Innovation (DSI) director-general Dr Phil Mjwara during a televised interview on SABC News. Mjwara expressed confidence that the R15-million... 

Creamer Media cellphone picture of TV screen.
Photo by SABC NEWS
Science and Innovation Department DG Dr Phil Mjwara

Master Drilling posts good results, to continue technology pursuit

By: Schalk Burger     22nd March 2022 JSE-listed drilling technology company Master Drilling achieved a 40% year-on-year increase in revenue to a record $171.8-million for the year ended December 31, 2021. It generated $32.5-million in cash from operating activities, reduced its debt to $32.1-million and grew its operating profit by... 

Renewable-energy projects Merafe’s 2022 focus, says CEO Zanele Matlala   

By: Martin Creamer     22nd March 2022 The focus of ferrochrome company Merafe Resources in 2022 will be on renewable energy projects, along with efficient operations, cash management and well-ordered capital allocations, CEO Zanele Matlala said on Tuesday. The year 2021 has been one of spectacular recovery for the Glencore Merafe... 

Creamer Media screenshot of pictures on Merafe website.
Merafe Resources presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Cash-flush ferrochrome producer Merafe declares dividend on record profit

By: Martin Creamer     22nd March 2022 The year 2021 was a year of recovery for the Glencore Merafe Pooling and Sharing Venture, both from a financial and operational perspective. JSE-listed Merafe, headed by CEO Zanele Matlala, reported on Tuesday that Improved economic activity had contributed to robust demand for ferrochrome,... 

Creamer Media picture
Photo by Creamer Media
Merafe Resources CEO Zanele Matlala

Parliaments must act swiftly to reduce climate change – Mapisa-Nqakula  

By: Martin Creamer     22nd March 2022 National Assembly speaker Nosiviwe Mapisa-Nqakula on Monday urged heads of the world's Parliaments gathering at the 144th plenary assembly of the Inter-Parliamentary Union to undertake all necessary efforts to deal with climate change through oversight and the constitutional powers of the... 

South Africa's National Assembly speaker Nosiviwe Mapisa-Nqakula
South Africa's National Assembly speaker Nosiviwe Mapisa-Nqakula

Wesizwe resumes construction activities at Bakubung, but funding shortage a challenge

By: Creamer Media Reporter      18th March 2022 Although construction resumed at Wesizwe's Bakubung mine in mid-February, the mine is now behind its construction schedule. Wesizwe on February 8 informed shareholders that community protests had interrupted the development of its Bakubung mine and that construction of the mine had been halted... 

Anglo partnership secures 100% renewable energy supply for South Africa operations 

By: Martin Creamer     18th March 2022 Diversified mining and marketing company Anglo American has signed a memorandum of understanding with global renewable energy company EDF Renewables to work together towards developing a regional renewable energy ecosystem in South Africa. The regional renewable energy ecosystem is expected to be... 

Picture supplied.
Anglo American management board chairperson in South Africa Nolitha Fakude.

Now’s the time for full energy freedom, says green hydrogen stalwart Andrew Forrest 

By: Martin Creamer     17th March 2022 Let’s give energy sovereignty to the world. Renewable energy is everywhere. Every country can produce it. Now is the time to capture it, and have full energy freedom, enthused Fortescue Metals Group nonexecutive chairperson Andrew Forrest, while being interviewed by CNN anchor Christiane... 

Creamer Media screen shot.
Photo by Creamer Media
Fortescue Metals Group nonexecutive chairperson Andrew Forrest (right), being interviewed by CNN anchor Christiane Amanpour.

South African platinum workers eye windfall as wage talks near

By: Bloomberg     16th March 2022 South Africa’s biggest platinum mining union will next week start submitting wage demands to companies as workers push for a share of the windfall profits brought by rallying metal prices. Negotiations for a three-year wage deal with producers including Anglo American Platinum.,... 

Markets must adapt to lack of Russian, Ukrainian commodities, Glencore says

By: Reuters     16th March 2022 Global commodity markets will need to adapt to a lack of supply from Russia and Ukraine, global miner and commodities trader Glencore said in its annual report on Wednesday. "Over time, global commodity trade flows will need to adapt to some or all of Russian/Ukrainian supply being unavailable,... 

The global fight over chips is only going to get worse

By: Bloomberg     16th March 2022 Magdeburg in former East Germany is famous for its towering gothic cathedral, and not a lot else. It’s now about to play a key role in US and European efforts to tilt the global balance of power. Intel Corp. unveiled plans on March 15 to build a giant, €17-billion factory making cutting-edge... 

Nornickel not changing long-term view, despite logistical issues

By: Reuters     15th March 2022 Russian mining giant Nornickel on Tuesday said it was not changing its long-term view on the metals sector and that it would continue to carry out its plans, despite acknowledging logistical issues. "On the long-term horizon, we are not changing our view in principle," said Senior Vice President... 

Nornickel not changing long-term view, despite logistical issues

Glacier Lake says more time needed to complete Kalahari palladium/platinum buy

By: Mariaan Webb     15th March 2022 Canadian exploration company Glacier Lake Resources has extended the outside date for its acquisition of the Kalahari palladium/platinum project (KalPlats), in the Vryburg district of North West, South Africa, to the end of April. The company in November announced that it would buy controlling... 

Equivalent of a Koeberg arising in solar projects – AmaranthCX  

By: Martin Creamer     14th March 2022 The equivalent of a Koeberg power station is arising in the form of new largely mine-linked private-sector solar power photovoltaic projects across Southern Africa, according to AmaranthCX director and founder Paul Miller, whose company is working on the second edition of its electronic map of... 

Creamer Media screenshot
AmaranthCX director Paul Miller interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Weekly Commodities Market Wrap

14th March 2022 ENERGIES - Coal markets had a wild ride last week, with Richards Bay Coal Terminal physical prices reaching a high of around $450/mt, before coming back down to around $380. As we said previously, this was likely to be the high water mark with the most desperate utilities covering in the spot... 

A table with the latest global commodity spot prices

Palladium’s wild rally at risk from recession later this year

By: Bloomberg     14th March 2022 Palladium’s wild ride following Russia’s invasion of Ukraine is likely not over yet. But this year’s stunning gains are looking fragile on signs exports will be maintained and that demand from automakers could suffer. The metal -- about 40% of which is mined in Russia -- shot to a record high... 

Palladium’s wild rally at risk from recession later this year

Nornickel has new routes for palladium supplies, Potanin tells RBC

By: Reuters     14th March 2022 Russian mining giant Nornickel is facing significant logistics issues but has managed to secure alternative routes for its palladium deliveries, its biggest shareholder, Vladimir Potanin, told Russian RBC TV on Saturday. Potanin said airspace closures had made supplying palladium particularly... 

Vladimir Potanin
Vladimir Potanin

Richest Russian dissents on Putin’s tit-for-tat over sanctions

By: Bloomberg     11th March 2022 Billionaire Vladimir Potanin, Russia’s richest man and one of the few tycoons to escape sanctions, tore into every aspect of his country’s retaliation against international penalties enacted over President Vladimir Putin’s invasion of Ukraine. The biggest shareholder in Norilsk Nickel warned... 

An image of Vladimir Potanin
Norilsk Nickel's biggest shareholder, Vladimir Potanin

75 MW renewable energy project for Sedibelo Platinum 

By: Martin Creamer     11th March 2022 Pilanesberg Platinum Mines, a subsidiary of Sedibelo Platinum, has appointed the juwi/Sturdee Energy consortium as preferred bidder to supply renewable energy to the mining operation. The parties have signed a memorandum of understanding and will now commence negotiations towards a power purchase... 

Picture supplied.
An evening view of Sedibelo's Pilanesberg Platinum Mines.

South Africa must move very rapidly towards green energy, climate webinar hears  

By: Martin Creamer     11th March 2022 The ratio between green energy and brown energy in South Africa needs to move very rapidly in favour of green energy, says Climate Adaptation Lead to the South African Presidential Climate Commission and Institute for Security Studies Africa senior research associate Dhesigen Naidoo. Naidoo was... 

Creamer Media screenshot
Fasken webinar on transition to green energy covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Royal Bafokeng Platinum’s 30 MW solar power study close to completion  

By: Martin Creamer     10th March 2022 South Africa’s only rural community-owned mining company Royal Bafokeng Platinum (RBPlat), which delivered record dividend-yielding earnings and production 2021, is close to completing its renewable energy study on the building of an embedded 30 MW photovoltaic (PV) power plant. “It’s almost... 

Picture supplied.
Royal Bafokeng Platinum CEO Steve Phiri interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Australia, South Africa miners eye options as Europe makes desperate calls

By: Reuters     10th March 2022 Australian and South African miners are exploring ways to supply coal and metals consumers in Europe scrambling for alternative sources to Russian supply, but logistics and cost constraints make it difficult to rapidly boost output, companies said. Prices of palladium, coal and other commodities... 

Coal stockpiles

Platinum surplus forecast to reduce significantly  

By: Martin Creamer     9th March 2022 The platinum surplus in 2021 is forecast to reduce by 47% in 2022 as Covid-related and operational disruptions gradually settle, the World Platinum Investment Council (WPIC) states in its Platinum Quarterly. Covering the fourth quarter of 2021, along with a full year review of 2021 and revised... 

World Platinum Investment Council Director of Research Trevor Raymond
World Platinum Investment Council Director of Research Trevor Raymond interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Hydrogen technology can drive innovation, socioeconomic recovery

By: Schalk Burger     8th March 2022 Dube TradePort-based hydrogen fuel cell manufacturer Chem Energy SA sees an enormous opportunity to start a hydrogen economy in South Africa, particularly as the country has a national green energy programme. Hydrogen power generation can be expanded to bring innovative technology companies into... 

CHEM SA's factory in KwaZulu-Natal

Share sell off undermines community’s influence on regional job sustainability – RBPlat  

By: Martin Creamer     8th March 2022 Platinum group metals (PGM) mining company Royal Bafokeng Platinum (RBPlat) CEO Steve Phiri on Tuesday criticised the sell-off of RBPlat shares by Royal Bafokeng Holdings (RBH) to Northam Platinum as an undermining of the direct significant influence of the 300 000-strong Bafokeng community on... 

Creamer Media screenshot.
Royal Bafokeng Platinum results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Russian refiners still OK to trade, says London Platinum and Palladium Market

By: Reuters     8th March 2022 he London Platinum and Palladium Market (LPPM) said on Tuesday it would maintain its accreditation of two Russian precious metals refineries, meaning they can continue to sell metal in the London market, the world's largest. The two refiners accredited by the LPPM were JSC Krastsvetmet and the... 

Palladium resumes rally as Ukraine crisis rages, gold clears $2 000/oz

By: Reuters     8th March 2022 Palladium prices surged on Tuesday as the Russia-Ukraine crisis fuelled supply worries, with the conflict also powering safe-haven gold back through the key $2 000 level. Spot palladium jumped 5.9% to $3 173.02 per ounce by 0716 GMT, resuming its rally after slipping from an all-time high of $3... 

Carmakers face soaring metal costs with Russian supplies at risk

By: Reuters     8th March 2022 Saving up for a new ride? Better start putting more cash aside. Russia's invasion of Ukraine is ramping up the price of metals used in cars, from aluminium in the bodywork to palladium in catalytic converters to the high-grade nickel in electric vehicle batteries, and drivers are likely to the... 

Royal Bafokeng Platinum delivers record production, best-ever earnings

By: Martin Creamer     8th March 2022 Platinum group metals company Royal Bafokeng Platinum (RBPlat) on Tuesday delivered record production and earnings in the 12 months ended December 31. The RBPlat board has declared a gross cash final dividend of 535 c per share, equating to R1.5 billion. This is in addition to the interim... 

Creamer Media picture
Photo by Creamer Media
Royal Bafokeng Platinum CEO Steve Phiri

Commitment to green economy is crucial, says ARM’s Patrice Motsepe 

By: Martin Creamer     7th March 2022 Diversified mining company African Rainbow Minerals (ARM) has reiterated its commitment to transitioning from coal to renewable energy, with its executive chairperson Patrice Motsepe describing the global commitment to the green economy as being not only important but crucial. Motsepe was... 

Creamer Media photograph
Photo by Creamer Media
African Rainbow Minerals executive chairperson Patrice Motsepe.
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