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Palladium News

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... 

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.

Decarbonisation standing out as key metals/mining value driver – Wood Mackenzie  

By: Martin Creamer     4th March 2022 As pressure mounts for the world to align meaningfully with the 1.5 °C global temperature rise scenario, decarbonisation is standing out as a key driver of metals and mining value. “This has strengthened our view that the mining industry now has a clear pathway towards long-term transformative... 

Creamer Media screenshot taken during webinar.
Wood Mackenzie future facing mined commodities forum covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Decarbonisation, Zimplats, PGM supply make headlines   

4th March 2022 This week, Mining Weekly Editor Martin Creamer discusses decarbonisation; Zimplat’s 185 MW solar approval; and whether the supply of platinum group metals could be impacted by Russia’s invasion of Ukraine?   

Photo of Martin Creamer
Decarbonization, Zimplats, PGM supply make headlines

Decarbonisation creating greatest investment opportunity of our lifetime – Sibanye-Stillwater   

By: Martin Creamer     3rd March 2022 The decarbonising of the global economy to prevent climate change is going to create the greatest investment opportunity of our lifetime. It will also leave behind the companies that do not adapt – regardless of what industry they are in. 

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Sibanye-Stillwater presentation covered by Mining Weekly’s Martin Creamer.

Canadian Palladium grows East bull deposit size

By: Creamer Media Reporter      3rd March 2022 Exploration and development company Canadian Palladium has substantially increased the size of its East Bull deposit, west of Sudbury, Ontario, with an updated mineral resource estimate. The estimate includes indicated resources of 16.5-million tonnes at 0.93 g/t palladium-equivalent for 492 100... 

Sibanye-Stillwater delivers another record performance with highest-ever dividend

By: Martin Creamer     3rd March 2022 Precious metals mining company Sibanye-Stillwater in 2021 delivered another record financial performance, with revenue of R172.2-billion and adjusted earnings before interest taxation depreciation and amortisation (Ebitda) of R68.6-billion. Revenue was 35% higher than for 2020 and Ebitda 39%... 

Creamer Media picture.
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Sibanye reveals maiden lithium, zinc resources

By: Creamer Media Reporter      2nd March 2022 Precious and battery metals miner Sibanye-Stillwater has declared a maiden lithium mineral resource of 78 500 t of lithium oxide and a maiden zinc mineral reserve of 1.02-billion pounds. The lithium and zinc resources were acquired as part of Sibanye's entry into the green metals sector, with the... 

ESG slowing down as energy transition highlights mining as indispensable – RMF  

By: Martin Creamer     2nd March 2022 The energy transition is highlighting mining as an indispensable industry, said Responsible Mining Foundation (RMF) CEO Hélène Piaget in opening a webinar on 'Responsible Mining Index (RMI) Report 2022', which reports a slowdown in economic, environmental, social and governance (ESG). “Yet there... 

Creamer Media screenshot.
Responsible Mining Foundation report covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Eurasia Mining says M&A strategy geared towards BRICS

By: Mariaan Webb     2nd March 2022 Platinum group metals (PGMs) and battery metals firm Eurasia Mining said on Wednesday that its board was closely monitoring the sanctions imposed on Russian individuals and entities, and stressed no one subject to these sanctions was associated with the company. Eurasia also said that the... 

Zimbabwe platinum miner granted licence to generate 185 MW of solar power 

By: Martin Creamer     1st March 2022 Zimbabwe platinum group metals mining company Zimplats has been granted a licence to generate 185 MW of its own solar power. Zimplats is already totally green through the use of hydropower and the solar power will enhance the position of the expanding company and provide security of electricity... 

Picture supplied
Implats executive sustainable development Dr Tsakani Mthombeni

Implats allays fears that Russia/Ukraine conflict may impact PGMs supply  

By: Martin Creamer     1st March 2022 Given the prominence of Russia as a platinum group metals (PGMs) producer, there are fears that it may potentially have an impact on global PGMs supply, Implats CEO Nico Muller said on Tuesday, when the JSE-listed company delivered robust earnings and free cash flow generation for its half year... 

Creamer Media screenshot.
Implats half-year presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Detailed engineering on Ivanplats’ major new PGMs mine under way

By: Darren Parker     1st March 2022 Detailed engineering studies are under way on the initial 770 000 t/y mine and concentrator at TSX-listed Ivanhoe Mines’ South African subsidiary Ivanplats’ tier-one Platreef palladium, rhodium, nickel, platinum, copper and gold project in South Africa. This work is being done in parallel with... 

A photo of Ivanhoe co-chairperson Robert Friedland
Photo by Bloomberg
Ivanhoe co-chairperson Robert Friedland

Debt-free Implats generates R15bn free cash, declares dividend, advances projects

By: Martin Creamer     1st March 2022 Platinum group metals (PGM) mining and marketing company Impala Platinum Holdings (Implats) on Tuesday delivered robust earnings and free cash flow generation for its half year ended December 31, despite the retracement in rand PGM pricing from recent highs and a decline in sales volumes.... 

Picture supplied
Photo by Implats
Impala Refinery in Springs

Russia’s palladium exports face disruption from flight bans

By: Bloomberg     1st March 2022 Palladium supplies from top producer Russia face disruption from widespread flight bans, with companies looking to find alternative means to export the precious metal. The metal that’s mostly used in catalytic converters is almost always transported by passenger planes. With most of Europe’s... 

An image of a bar of palladium

Study ranks Ivanplats’ Platreef as one of the largest PGM-producing mines in the world 

By: Darren Parker     28th February 2022 TSX-listed Ivanhoe Mines’ South African subsidiary Ivanplats and its partners have announced “outstanding” positive results of an independent feasibility study for the company’s tier-one Platreef palladium, rhodium, nickel, platinum, copper and gold project in South Africa. The feasibility study... 

Ivanplats' Platreef project

Impala stalls Zimbabwe platinum approach over ownership concern

By: Bloomberg     28th February 2022 Zimbabwe’s plan to develop one of the world’s biggest platinum mines stalled after Impala Platinum Holdings asked for greater transparency on the ownership of a State-run company before considering a joint venture. Impala, the third-largest producer of platinum group metals, was approached by... 

Palladium, gold climb as West cranks up sanctions on Russia

By: Reuters     28th February 2022 Palladium jumped about 6% on Monday as fresh Western sanctions on Russia raised supply concerns for the auto-catalyst, while gold rose more than 1% after President Vladimir Putin put Russia's nuclear deterrent on high alert. Palladium jumped 5.8% to $2 503.41 by 06:05 GMT, after having scaled... 

Amplats sees benefits of increased procurement of services from host communities

By: Marleny Arnoldi     25th February 2022 Following the award of a ground-breaking R1.2-billion contract to ten community-owned trucking companies in 2021, JSE-listed Anglo American Platinum (Amplats) says it remains committed to growing procurement from its communities. The company’s commitment to community upliftment includes the... 

Community-owned trucking operation
Community-owned trucking operation

2021 was a 'watershed' year for Tharisa, says Pouroulis

By: Tasneem Bulbulia     24th February 2022 Dual-listed Tharisa’s last financial year was a “watershed” year for the company, chairperson Loucas Pouroulis said in a statement delivered at the company's annual general meeting on February 24. During the year under review, Tharisa started production at Salene Chrome Zimbabwe, while completing... 

RBPlat expects up to 76% rise in earnings a share

By: Marleny Arnoldi     24th February 2022 JSE-listed Royal Bafokeng Platinum (RBPlat) has advised that its basic earnings per share (EPS) for 2021 will be between 57% and 76% higher year-on-year at between R21.53 and R24.22. This compares with the basic EPS of R13.69 posted in 2020.  

Gold soars over 2%, palladium advances as Russia attacks Ukraine

By: Reuters     24th February 2022 Gold prices jumped more than 2% on Thursday to their highest in over a year and palladium extended a rally as Russian forces invaded Ukraine after President Vladimir Putin authorised what he called a special military operation. Spot gold climbed 1.9% to $1 943.28 per ounce by 0720 GMT, after... 

Gold soars over 2%, palladium advances as Russia attacks Ukraine

Palladium hits near 6-month high, gold rises as Ukraine tensions mount

By: Reuters     24th February 2022 Palladium rose 4.5% to a near six-month peak on Wednesday, driven by fears of a hit to supply from top producer Russia, while gold firmed above the key $1 900 level as Ukraine declared a state of emergency. Russia is the world's third-largest producer of gold, while the country's Nornickel is... 

Platinum group metals may also play role in batteries – Anglo American Platinum  

By: Martin Creamer     23rd February 2022 The unique properties of platinum group metals (PGMs) may also play a role in batteries, says Anglo American Platinum (Amplats) CEO Natascha Viljoen. Speaking to Mining Weekly in a Zoom interview, Viljoen highlighted how PGMs are poised to play a role, no matter the direction in which the energy... 

Creamer Media screenshot taken during presenttion of financial results.
Anglo American Platinum CEO Natascha Viljoen interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Biden announces investments to shore up key critical mineral supplies

By: Mariaan Webb     23rd February 2022 US President Joe Biden on Tuesday announced several investments in the domestic production of key critical minerals and materials, as the country moves to break its dependence on China and secure a ‘Made in America’ supply chain. In a White House statement, Biden announced that MP Materials had... 

An image of the White House

USGS finalises 2022 list of 50 ‘critical minerals’

By: Creamer Media Reporter      23rd February 2022 The United States Geological Survey (USGS) has published its final list of 50 mineral commodities critical to the US economy and national security, updating the 2018 list that contained fewer commodities. New additions to the list include nickel and zinc, while helium, potash, rhenium and... 

African miners aggressively pursuing decarbonisation

By: Tasneem Bulbulia     22nd February 2022 Mining companies are aggressively pursuing decarbonisation at their operations, with a myriad of different strategies, and varying timelines across the spectrum of miners, but with the same end-goal of reducing carbon emissions and ultimately achieving net-zero operations. This was indicated by... 

The solar and heavy fuel oil hybrid energy plant at B2Gold's Fekola mine
The solar and heavy fuel oil hybrid energy plant at B2Gold's Fekola mine

Kumba fast-tracking solar, customising green hydrogen, sees good lump premium prospects 

By: Martin Creamer     22nd February 2022 South Africa’s major iron-ore producer and marketer Kumba Iron Ore is fast-tracking solar power permitting and looking to wind energy, it is discussing the use of green hydrogen with particularly European customers, and it foresees relatively strong iron-ore prices continuing in the short term as... 

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Kumba Iron Ore marketing and seaborne logistics executive head Timo Smit.

Multiple renewable energy forms being evaluated across South Africa – Anglo Platinum  

By: Martin Creamer     21st February 2022 Platinum group metals (PGMs) miner and marketer Anglo American Platinum (Amplats), which on Monday reported a record 2021 financial performance, is collectively evaluating options to access multiple forms of renewable energy across South Africa, including hydro pump power and wheeling renewable... 

Picture supplied
Anglo American Platinum’s record financial results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Sylvania records lower interim revenue on the back of subdued PGM basket prices

By: Donna Slater     21st February 2022 Aim-listed platinum group metals (PGMs) miner Sylvania Platinum recorded net revenue of $69.1-million for the first half of its 2022 financial year ended December 31, 2021 – a 19% decrease year-on-year as a result of lower PGM ounce production and basket price, as well as a negative sales... 

Zimplats posts lower interim profit, production

By: Marleny Arnoldi     18th February 2022 ASX-listed Zimplats has posted a profit of $170-million for the six months ended December 31, which is lower than the profit of $250-million posted for the six months ended December 31, 2020. Zimplats declared an interim dividend of $1.11 apiece, or $85-million in dividends.  

Marathon project takes step forward in environmental assessment process

By: Creamer Media Reporter      16th February 2022 Toronto-listed Generation Mining and the Metis Nation of Ontario (MNO) have signed a consultation and process agreement for the Marathon palladium/copper project, setting out the principles that will guide the parties in developing their relationship and confirming their intentions to arrive at a... 

It’s records all round for Glencore in ‘terrific’ 2021  

By: Martin Creamer     15th February 2022 2021 was a terrific year for the company, Glencore CEO Gary Nagle said on Tuesday, when he reported record earnings before interest tax depreciation and amortisation (Ebitda) of $21.3-billion, a record marketing performance Ebit of $3.7-bilion, and a record industrial business performance of... 

Screenshot taken by Creamer Media during Glencore's presentation of results.
Glencore’s record financial results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Glencore’s earnings rocket 84% to $21.3bn

By: Martin Creamer     15th February 2022 Diversified mining and marketing company Glencore on Tuesday announced 84% higher financial results for the year, with earnings before interest tax depreciation and amortisation (Ebitda) rising to $21.3-billion. Looking forward, Glencore CEO Gary Nagle said the company remained focused on its... 

Pictue supplied
Glencore CEO Gary Nagle

What conflict in Ukraine would mean for oil, gas and food

By: Bloomberg     15th February 2022 Tensions over Ukraine are entering a critical period, driving up prices of raw materials key to the global economy, and piling pressure on governments already struggling with surging inflation. The US has warned that Russia could attack its neighbor as early as this week, even though Moscow has... 

Red tape delaying R90bn investment in ready-to-go projects – Minerals Council 

By: Martin Creamer     14th February 2022 Red tape is delaying investment worth R90-billion in ready-to-go mining-related projects, at a time when the South African economy is in desperate need of such projects proceeding, to create jobs and to stimulate economic growth. Projects worth R30-billion would be able to proceed if the 4... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Weekly Commodities Market Wrap

By: Creamer Media Reporter      14th February 2022 ENERGIES - Coal continues strong although a market correction is imminent once European physical supplies are assured. The current strong physical premiums being enjoyed are likely to align back to paper market levels, especially considering that natgas, power and carbon markets were softer on... 

An image of the latest spot market prices for various metals

Green hydrogen strategy supporting development of R270bn Northern Cape pipeline 

By: Martin Creamer     11th February 2022 Over the past year, the South African government has built on its successful hydrogen strategy to make major strides in positioning the country as a global leader in the green hydrogen market, President Cyril Ramaphosa stated during his State of the Nation Address. This positioning included the... 

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President Cyril Ramaphosa
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