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Palladium News
Gemfields simplifies stake in Sedibelo Platinum Mines
By: Donna Slater 7th January 2022 With ongoing plans to dispose of its entire interest in Sedibelo Platinum Mines (SPM), gemstone miner Gemfields confirms that interposed vehicle Pallinghurst Ivy Lane Capital (Ivy Lane), which held an interest of 27.64% interest in SPM, has been unbundled. By November 2020, Gemfields had held its... →
Report states Bluejay Mining undervalued
By: Marleny Arnoldi 6th January 2022 A report produced by Independent Investment Research (IIR) states that Aim-listed Bluejay Mining is trading at a significantly discounted rate and that there is upside to its sum-of-the-parts valuation of $301-million as its projects progress with development. The company’s Dundas ilmenite... →
Minerals Council backs State capture commission’s recommendations 
By: Martin Creamer 6th January 2022 Minerals Council South Africa on Thursday endorsed the recommendations of the first report of the Commission of Inquiry into State Capture. The Minerals Council said these recommendations, aimed at preventing endemic and corrosive corruption in organs of the state and within the private sector,... →
Billionaire-backed African Rainbow buys mothballed platinum mine
By: Bloomberg 20th December 2021 African Rainbow Minerals, backed by South African billionaire Patrice Motsepe, agreed to buy Anglo American Platinum’s mothballed Bokoni platinum mine for R3.5-billion. The deal comes after the world’s biggest platinum miners declared record dividends this year as rebounding demand for their... →
Sibanye suspends operations at safety-impacted South African mines, adjusts guidance
By: Donna Slater 15th December 2021 JSE- and NYSE-listed precious and battery metals miner Sibanye-Stillwater has revised its operational guidance for this year, primarily as a result of various safety-related interventions and measures that have been implemented to reinforce the group’s primary priority of safety. A group-wide... →
Exciting green ammonia export plan for Nelson Mandela Bay
By: Martin Creamer 15th December 2021 Hive Hydrogen and Built Africa – together as Hive Hydrogen – as well as Linde plc, through its wholly owned South African subsidiary Afrox, have teamed up to establish a huge green ammonia export plant in Nelson Mandela Bay, in the Eastern Cape. The first phase is planned to go live in 2025, with... →
Sibanye appoints Keliber chairperson as chief regional officer for Europe
By: Creamer Media Reporter 14th December 2021 Precious and battery metals producer Sibanye-Stillwater has appointed Finnish mining company Keliber's executive chairperson Mika Seitovirta as its chief regional officer for Europe. This is in line with the group’s growth strategy in battery and green metals, focused predominantly on the... →
Anglo American eyes 35% growth within a decade at 50% margin
By: Donna Slater 10th December 2021 Diversified miner Anglo American reports that it maintained a strong performance this year, with high demand for diamonds and overall production up 7% on the back of particularly strong production of platinum group metals (PGMs); as well as the expectation of a further improvement in 2022. Unit... →
Implats lifts shareholding in RBPlat to 35% as Northam makes unsolicited bid for RBPlat
By: Donna Slater 9th December 2021 Platinum group metals miner Impala Platinum (Implats) announced late on Thursday that it had increased its shareholding in Royal Bafokeng Platinum (RBPlat) to 35.31%. Implats had acquired a further 8.82-million RBPlat shares, representing about 3.05% of RBPlat's shares in issue. The Takeover... →
Mining production up 2.1% y/y in October, buoyed by PGMs
By: Donna Slater 9th December 2021 Statistics South Africa (Stats SA) reports that mining production increased by 2.1% year-on-year in October, with the largest positive contributor being the platinum group metals (PGMs) sector, which was 24% up, contributing 5.5 percentage points. Chromium ore increased by 28.7%, adding 0.9 of a... →
Leading mining companies commit to contract transparency
By: Martin Creamer 9th December 2021 Members of the International Council on Mining and Metals (ICMM) on Thursday announced their commitment to disclose all mineral development contracts from the start of January this year, wherever they operate, marking a significant step by about a third of the global mining and metals industry to... →
Hallam appointed PTM president and CEO
By: Creamer Media Reporter 9th December 2021 TSX- and NYSE American-listed Platinum Group Metals (PTM) has appointed Frank Hallam as president and CEO, with immediate effect. He has been serving as interim president and CEO since July. →
Ivanhoe secures $300m in stream financing deals for Platreef mine
By: Tasneem Bulbulia 8th December 2021 TSX-listed Ivanhoe Mines’ South African subsidiary, Ivanplats, has concluded stream financing agreements with Orion Mine Finance and Nomad Royalty Company for a $200-million gold streaming facility and a $100-million palladium and platinum streaming facility for its Platreef... →
Specify energy transition action now, the money’s there for it, UN climate envoy urges 
By: Martin Creamer 7th December 2021 The energy transition is woefully under specified, the United Nations special envoy on climate change action and finance Mark Carney told a global webinar, in which he described the specifying of energy transition action as being “a matter of urgency”. Such specification, the webinar heard,... →
Exploration debate highlights Nema challenge
By: Martin Creamer 3rd December 2021 The withdrawal of a portion of the National Environmental Management Act (Nema) has created a major challenge for mineral exploration in South Africa, the Industrial Development Corporation (IDC) co-sponsored exploration webinar heard on Thursday. Taking part in the panel discussion under... →
Tharisa’s net profit more than doubles on the back of strong prices, operational performance
By: Donna Slater 2nd December 2021 JSE-listed platinum group metals (PGMs) and chrome miner Tharisa achieved a 139% year-on-year increase in net profit to $131.5-million for the financial year ended September 30. Revenue increased by 46.9% to $596.3-million, while earnings before interest, taxes, depreciation and amortisation... →
Use renewables to cut carbon and create hydrogen, use hydrogen to cut diesel – Cutifani 
By: Martin Creamer 2nd December 2021 Use renewables to cut carbon and create hydrogen, and then use the hydrogen that has been created to replace diesel. Anglo American CE Mark Cutifani proposed this climate blueprint while also outlining his London- and Johannesburg-listed mining company’s entry into crop nutrients that can free up... →
Implats buys a further 2.56% of RBPlat’s shares, now holds 31.94% stake
By: Donna Slater 2nd December 2021 Following two tranches of share buyouts by Impala Platinum (Implats) on November 29 and December 1 – for an aggregate of 84.89-million shares of Royal Bafokeng Platinum (RBPlat) – Implats has acquired a further 7.39-million RBPlat shares on December 2. This takes Implats’ shareholding in RBPlat... →
Carbon-neutral nickel launch showcased by South Africa-linked chairperson
By: Martin Creamer 30th November 2021 South Africa-linked Gareth Penny on Monday heralded the launch of a carbon-neutral nickel with a difference in that it steers completely clear of any reliance on third-party carbon credits. Penny did so in his capacity as nonexecutive chairperson of Nornickel of Russia – and put sharper focus on... →
Two rescued, three bodies recovered as mud rush rescue operations conclude
By: Martin Creamer 30th November 2021 Two mineworkers have been rescued and the bodies of three have been recovered at Impala Rustenburg 6 Shaft, which suffered an underground mud-rush incident. Search and rescue operations continued around the clock following the incident took place on Sunday, November 28. →
Search under way at Impala Rustenburg after mud rush traps five
By: Martin Creamer 29th November 2021 A search and rescue operation was under way at Impala Rustenburg after a mud rush at 6 Shaft on Monday. All operations at Impala Rustenburg's 6 Shaft and 16 Shaft complexes have been suspended until a full and comprehensive report is available. →
RBPlat bid embodies socioeconomic boost for greater Rustenburg region – Implats
By: Martin Creamer 29th November 2021 The bid by Impala Platinum Holdings Limited (Implats) for a majority shareholding in Royal Bafokeng Platinum (RBPlat) presents an opportunity to create sizeable Western Limb production base with socioeconomic benefits for the region, platinum group metals (PGM) mining company Implats said on... →
Froneman tells world of Sibanye’s confidence in hydrogen economy
By: Martin Creamer 26th November 2021 Platinum group metals (PGMs) are poised to be a very significant underpin in the green hydrogen economy and Sibanye-Stillwater is intent on ensuring that the supply of PGMs is sustainable and that the company is part of the global climate change solution, Sibanye CEO Neal Froneman told a global... →
Law firm creates outsourced compliance solution for mining industry
By: Martin Creamer 25th November 2021 A specialist mining law firm, which prefers people to paper, has created an outsourced compliance solution for Africa’s mining industry. NSDV will not simply rely on the paper trail when a client calls with an issue, but instead phone, WhatsApp, or drive there and chat to the officials. →
Very strong platinum imports into China – WPIC
By: Martin Creamer 24th November 2021 Many things could play out next year that have the potential to materially reduce the substantial platinum surplus that the World Platinum Investment Council (WPIC) is forecasting for next year, Mining Weekly can today report. Among these is the very strong current importation of platinum into... →
Nornickel proposes doubling 9-month dividend amid high metals prices
By: Reuters 23rd November 2021 Russian mining giant Nornickel recommended on Monday more than doubling its dividend payment for the first nine months of 2021, with a total payout amounting to 232.84-billion roubles ($3.2-billion). Nornickel is the world's largest producer of palladium and refined nickel. Its first-half core... →
Namibia heading for world record green hydrogen costs, conference hears
By: Martin Creamer 22nd November 2021 With its vast potential for wind and solar energy, Namibia is excellently placed to become a global player in green hydrogen production, the Africa Green Hydrogen Forum's virtual conference heard on Monday, when green hydrogen was highlighted as the key decarbonisation vector in the global fight... →
Glacier Lake buys Kalahari Platinum
By: Mariaan Webb 18th November 2021 Canada-based exploration company Glacier Lake Resources on Wednesday announced that it would buy a palladium-rich project near Vryburg, in South Africa’s North West province. The TSX-V-listed junior said it entered into an agreement with African Thunder Platinum and Fanosi Holdings to acquire a... →
Sibanye achieves ISO 45001 accreditation at South African gold, PGM operations
By: Simone Liedtke 18th November 2021 All of JSE- and NYSE-listed Sibanye-Stillwater’s South African operations have been accredited with the International Organisation for Standardisation’s (ISO) 45001 certification (ISO45001). The ISO 45001 is an international standard for occupational health and safety certification designed to... →
Tharisa mine's life extended to 2041
By: Creamer Media Reporter 18th November 2021 The life-of-mine of JSE- and LSE-listed Tharisa's openpit chrome and platinum group metals mine, in South Africa's North West province, has been extended by seven years to 2041. Tharisa notes that a yearly review of the mine's mineral resource and mineral reserve statement indicates a significant... →
Green hydrogen advocate Forrest slams oil, gas as ‘anathema methane mines’
By: Martin Creamer 17th November 2021 Oil and gas plants are methane mines and opening new ones is an anathema that fails to take the livelihoods of today’s offspring seriously, says Fortescue Metals Group chairperson and green hydrogen protagonist Andrew Forrest. “I argue strongly that opening up a new coal mine, or even a methane... →
Eurasia granted additional West Kytlim licence
By: Mariaan Webb 16th November 2021 Precious metals miner Eurasia Mining has been granted an additional exploration licence at its West Kytlim project, in Russia’s Ural mountains. The area of the Flanks licence is adjacent to the current mining licence and is largely intersecting with, as well as extending beyond, the initial... →
Expect to be unemployed from age 40, Miller warns graduates entering mining
By: Martin Creamer 15th November 2021 Because of the collapse of investment in greenfields exploration in South Africa, any mining graduate entering the profession today can expect to be unemployed from the age of 40, said AmaranthCX director and founder Paul Miller on Monday, when he pointed out that South Africa is now at an... →
Ivanhoe’s Kamoa-Kakula ramps up successfully, sells 41 490 t of copper
By: Simone Liedtke 15th November 2021 During its first quarter of production, ended September 30, TSX-listed Ivanhoe Mines’ Kamoa-Kakula joint venture, in the Democratic Republic of the Congo, sold 41 490 t of payable copper and recognised revenue of $342.6-million. It achieved an operating profit of $209.7-million and earnings... →
Ivanhoe appoints CFO; Cloete to focus only on the role of president
By: Creamer Media Reporter 15th November 2021 Canadian mining company Ivanhoe Mines has promoted David van Heerden to CFO, effective November 12. This will allow Marna Cloete to focus on the role of president, instead of the dual roles of president and CFO, which she has held since her appointment in March 2020. →
Mineral exploration should be incentivised, says IDC’s Thabiso Sekano
By: Martin Creamer 12th November 2021 Mineral exploration should be incentivised so that South Africa’s great mineral endowment can be optimally leveraged to lower unemployment, improve export revenues, and strengthen this country’s gross domestic product (GDP). That is the view of Industrial Development Corporation (IDC) mining,... →
South Africa mining production down 3.4% y/y in Sept
By: Simone Liedtke 11th November 2021 South Africa’s mining production decreased by 3.4% year-on-year in September, Statistics South Africa (Stats SA) reported on November 11. The largest negative contributors were coal, platinum-group metals (PGMs) and gold. →
Godongwana describes commodity windfall as temporary as he holds consolidation line
By: Terence Creamer 11th November 2021 Finance Minister Enoch Godongwana indicated on Thursday that government regarded the revenue windfall that had arisen as a result of higher commodity prices as temporary and confirmed that fiscal consolidation would, thus, be sustained to reduce the Budget deficit and stabilise the national debt.... →
Finance Minister Enoch Godongwana
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