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Palladium News

Amplats declares force majeure on Rustenburg suppliers 

By: Martin Creamer     31st March 2014 Strike-hit platinum major Anglo American Platinum (Amplats) has declared a force majeure on a long list of suppliers to its Rustenburg operations. Mining Weekly Online can today disclose that Anglo Platinum Management Services has sent out letters to suppliers announcing the circumstances that... 

Miners, workers, govt recommit to stabilising strike-hit SA mining 

By: Martin Creamer     27th March 2014 The representatives of mining companies, labour and government on Thursday recommitted their organisations to soldiering on together to stabilise the strike-hit South African mining industry. Outgoing Deputy President and one-time mineworker Kgalema Motlanthe again led the quarterly meeting at... 

Outgoing Deputy President Kgalema Motlanthe
Photo by Duane Daws
Outgoing Deputy President Kgalema Motlanthe

Ontario, First Nations ink RoF regional framework agreement

By: Henry Lazenby     26th March 2014 The province of Ontario and Matawa-member First Nations on Wednesday took an important step to move development of the province’s vast northernmost mineral wealth forward, by reaching a landmark regional framework agreement that will ensure First Nation communities benefit from the proposed Ring... 

KWG Resources' staked RoF rail corridor.
Photo by KWG Resources
KWG Resources' staked RoF rail corridor.

Ivanhoe Mines’ Platreef PGM mine to be Africa’s lowest-cost producer

By: Henry Lazenby     26th March 2014 Africa-focused project developer Ivanhoe Mines’ TSX-listed shares on Wednesday morning rose C$0.11 apiece after the company released its preliminary economic assessment (PEA) of its flagship Platreef platinum group elements project. The project is located in the heart of South Africa's Bushveld... 

Platreef
Photo by Ivanhoe Mines
Platreef

North American Palladium lifts Ontario flagship’s reserves; stocks jump 

By: Henry Lazenby     21st March 2014 Toronto-based North American Palladium’s (NAP’s) TSX-listed shares on Friday climbed by as much as C$0.09 apiece in early trading after the company announced that it had expanded the reserves and resources at its flagship Lac des Iles (LDI) mine by 24% from last year and that palladium production... 

North American Palladium lifts Ontario flagship’s reserves; stocks jump

Multicommodity projects rolling out on Bushveld’s rich northern limb  

By: Martin Creamer     20th March 2014 Multicommodity-focused projects embracing iron-ore, vanadium, titanium and phosphate are rolling out on the rich northern limb of South Africa’s Bushveld Complex, a huge mineral repository best known for its world-leading platinum and chrome endowment. Currently some of the Bushveld’s... 

Bushveld Minerals CEO Fortune Mojapelo
Bushveld Minerals CEO Fortune Mojapelo and the company’s executive directors tell Mining Weekly Online how the Aim-listed company is hitting a multi-commodity jackpot on the northern limb of South Africa’s rich Bushveld Complex. Video: Nicholas Boyd. Video Editor: Darlene Creamer.

Ivanhoe Mines finds thick high-grades at Flatreef discovery

By: Henry Lazenby     19th March 2014 Africa-focused project-development firm Ivanhoe Mines on Wednesday revealed that it had uncovered new thick high-grade mineralisation in an area that had become a new extension of the Flatreef platinum/palladium/nickel/copper/gold/rhodium discovery at the company's Platreef project, on the... 

Platreef Exploration
Photo by Ivanhoe Mines
Platreef Exploration

Standard Bank to launch three new ETFs

By: Leandi Kolver     19th March 2014 Banking group Standard bank on Wednesday announced that it would launch three exchange traded funds (ETFs), with an estimated value of R60-billion, on the JSE. The AfricaGold ETF, AfricaPlatinum ETF and the AfricaPalladium ETF would give investors seeking exposure to the metals alternative,... 

Standard Bank to launch three new ETFs

$100m Amplats’ firepower for platinum metals development 

By: Martin Creamer     17th March 2014 Platinum major Anglo American Platinum (Amplats) is targeting co-investors to help it treble the $100-million financial firepower that it is directing at further development of the platinum group metals (PGMs) market. Amplats PGM Development Fund – a private equity fund managed by Douglas... 

$100m Amplats’ firepower for platinum metals development
Anglo American Platinum senior manager international market development Kleantha Pillay tells Mining Weekly Online’s Martin Creamer that the target is to bring in co-investors in order to treble the $100-million platinum metals development fund. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer.

Wits ‘digital mine’ taking satellite communication underground 

By: Martin Creamer     12th March 2014 The digital-mine mock-up that is being built beneath the School of Mining Engineering at the University of the Witwatersrand (Wits) is expected to pave the way for the introduction of real-time satellite communication into South Africa’s Internet-deprived underground mines. The move, if... 

Wits' Fred Cawood and Martin Creamer in university's underground 'mine'.
University of the Witwatersrand Mining Engineering School head Fred Cawood tells Mining Weekly Online about the digital mine that is being built under the university’s mining school. Photographs: Duane Daws. Video: Nicholas Boyd. Video Editing: Darlene Creamer.

Merafe gives up hope on govt help in chrome beneficiation drive

By: Martin Creamer     11th March 2014 The JSE-listed black-controlled ferrochrome producer Merafe Resources has given up hope of government assistance in preventing raw chromite ore from leaving the country unbeneficiated. Merafe CEO Zanele Matlala, who presented an excellent set of results that saw the company’s shares rise 3% on... 

Merafe CEO Zanele Matlala
Photo by Duane Daws
Merafe CEO Zanele Matlala

Iron-ore, manganese boost ARM’s 66%-higher earnings

By: Martin Creamer     7th March 2014 The headline earnings of the black-controlled JSE-listed diversified mining company African Rainbow Minerals (ARM) increased 66% to R2.34-billion in the six months to December 31. Headline earnings a share of the company headed by executive chairperson Patrice Motsepe were 1 084 c, up on the... 

ARM chairperson Patrice Motsepe
Photo by Duane Daws
ARM chairperson Patrice Motsepe

New intelligence firm has wherewithal to probe illegal mining scourge – Njeje 

By: Martin Creamer     6th March 2014 The new intelligence firm made up of the who’s who of South Africa’s intelligence fraternity had the wherewithal to probe the supply chain of South Africa’s illegal mining scourge, said Foresight Advisory Services executive chairperson Gibson Njeje. Njeje, who launched the company on the eve of... 

Foresight's Gibson Njeje
This is a replay of the video in which Sibanye CEO Neal Froneman calls for SANDF help. Video and Editing: Darlene Creamer.

Glencore shares rise on solid results as company bids to lift JSE trading profile

By: Martin Creamer     4th March 2014 The shares of London-, Hong Kong- and now also Johannesburg-listed GlencoreXstrata – which on Tuesday encouraged more South African investors to buy its stock – rose 2.3% on the local bourse after the company’s dividend declaration breached a 2012 high and the marketing and mining company’s... 

Glencore's Ivan Glasenberg (right) with JSE's Nicky Newton-King at November listing
Glencore's Ivan Glasenberg (right) with JSE's Nicky Newton-King at November listing

Better world economy in 2014 – Glencore

By: Martin Creamer     4th March 2014 The outlook for the world economy in 2014 was better than had been seen for a number of years, with the markets for copper, zinc, nickel and coal remaining positive, GlencoreXstrata CEO Ivan Glasenberg said on Tuesday. Speaking during the presentation of better-than-forecast results buoyed by... 

Ivan Glasenberg
Ivan Glasenberg

Trading-buoyed GlencoreXstrata beats earnings forecast, ups dividend

By: Martin Creamer     4th March 2014 London-, Hong Kong- and now also Johannesburg-listed GlencoreXstrata on Tuesday lifted its final dividend beyond last year's helped by a strong trading performance that offset mining decline and helped the company to beat its earnings forecast. In its first set of full-year results since the... 

GlencoreXstrata CEO Ivan Glasenberg
GlencoreXstrata CEO Ivan Glasenberg

Implats embarks on mechanised mining strategy 

By: Martin Creamer     3rd March 2014 JSE-listed platinum mining company Impala Platinum (Implats) has embarked on a strategy to research and develop modern mechanised mining methods and to expand them to all parts of the group. Implats CEO Terence Goodlace ruled out the perpetuation of current mining methods and promised regular... 

Implats's Gerhard Potgieter
Photo by Duane Daws
Implats's Gerhard Potgieter

Implats puts US lawsuit on hold, opts for mediation

By: Martin Creamer     28th February 2014 JSE-listed mining company Impala Platinum (Implats), which last year initiated court proceedings against a US recycler for $182-million, has put the lawsuit on hold and opted for a process of professional mediation, which begins on Monday. Implats CFO Brenda Berlin said in response to Mining... 

Implats CFO Brenda Berlin
Implats CFO Brenda Berlin

Wits introducing oil and gas degree to meet new needs

By: Martin Creamer     27th February 2014 The University of the Witwatersrand intends introducing a bachelor of science (BSc) degree in oil and gas engineering in anticipation of growing demand for hydrocarbons expertise, as South Africa prepares to firm up its legislative framework for the exploitation of natural gas. Professor Sunny... 

Susan Shabangu
Photo by Duane Daws
Susan Shabangu

‘Catastrophic’ R12 500 pay would shut Rustenburg mine  

By: Martin Creamer     27th February 2014 Merely implementing the R12 500 a month minimum basic wage demand of the Association of Mineworkers and Construction Union (AMCU) would be “catastrophic” and leave the company with no alternative but to close the entire Impala Rustenburg, Implats CEO Terence Goodlace said on Thursday In view of... 

Implats CEO Terence Goodlace
Impala Platinum CEO Terence Goodlace told Mining Weekly Online’s Martin Creamer that merely implementing AMCU’s R12 500 a month pay demand would force the company to close its flagship Impala Rustenburg mine, putting thousands of mineworkers out of work permanently. Video: Nicholas Boyd. Video Editing: Darlene Creamer.

Impala Platinum lifts earnings, revenue, production but no dividend

By: Martin Creamer     27th February 2014 Platinum mining company Impala Platinum posted higher headline earnings, greater revenue and improved production in the six months to December 31 but opted not to declare an interim dividend while caught in the teeth of the current hostile industrial relations climate. The company, headed by CEO... 

Impala Platinum CEO Terence Goodlace
Photo by Duane Daws
Impala Platinum CEO Terence Goodlace

Ex-miners taking steps to access R6bn unpaid benefits 

By: Martin Creamer     26th February 2014 Steps are being taken to facilitate the release of R6-billion worth of financial benefits that remain undisbursed to close on 500 000 former migrant mineworkers. Most of the money belongs to ex-mineworkers from Mozambique, Swaziland and Lesotho, Southern Africa Trust deputy executive director Dr... 

Dr Bheki Moyo (right) and Martin Creamer
Mining Weekly's Martin Creamer speaks to Southern Africa Trust deputy executive director Dr Bheki Moyo on R6-billion infinancial benefits that remain undisbursed. Photographs: Duane Daws. Video and video editing Shane Williams.

Eased exchange control opens way for mining investment 

By: Martin Creamer     26th February 2014 The easing of South Africa’s exchange control has opened the way for both local and foreign companies to make greater use of the Johannesburg Stock Exchange (JSE) to raise capital for both local and international mining investments. Webber Wetzel partner Manus Booysen tells Mining Weekly Online... 

Webber Wentzel's Manus Booysen
Webber Wentzel partner Manus Booysen tells Mining Weekly Online’s Martin Creamer that the easing of South Africa’s exchange control has opened the way for both local and foreign companies to make far greater use of the Johannesburg Stock Exchange (JSE) to raise capital for both local and international mining investments. Video Editing: Shane Williams.

Rand Refinery to run Amplats platinum manufacturing scheme

By: Martin Creamer     24th February 2014 Platinum mining major Anglo American Platinum (Amplats) has appointed Rand Refinery to administer its platinum metal financing scheme that provides access to affordable metal financing for local manufacturers. Rand Refinery, based in Germiston, takes over the administration of Amplats’ platinum... 

Amplats' Andrew Hinkly
Photo by Duane Daws
Amplats' Andrew Hinkly

Northam Platinum brings in Aussies for mine mechanisation upskilling 

By: Martin Creamer     21st February 2014 JSE-listed platinum-mining company Northam Platinum has brought in Australian expertise to upskill local operators at its fully mechanised Booysendal platinum mine in Limpopo. At the presentation of strike-hit Northam’s first operating loss since 1998 after its Zondereinde mine was hit by an... 

Retiring Northam CEO Glyn Lewis
Retiring Northam Platinum CEO Glyn Lewis tells Mining Weekly Online’s Martin Creamer that Australian expertise has been brought to upskill operators at the new Booysendal platinum mine, where full mining mechanisation has been introduced. Video and Video Editing: Nicholas Boyd.

Strike-hit Northam Platinum slumps to first operating loss since 1998

By: Martin Creamer     21st February 2014 JSE-listed platinum mining company Northam has recorded its first operating loss since 1998 after its Zondereinde mine was hit by an 11-week strike. The traditionally solid performer, headed by retiring CEO Glyn Lewis, slumped to a total comprehensive loss of R92.7-million for the six months to... 

Retiring Northam CEO Glyn Lewis
Photo by Duane Daws
Retiring Northam CEO Glyn Lewis

Labour unrest dimming SA precious metals sector’s 2014 prospects

By: Zandile Mavuso     14th February 2014 Analysts predict that chronic labour unrest and work stoppages in South Africa’s mining sector, which remain fresh in the minds of investors worldwide, will impact negatively on the country’s precious metals sector this year. 

Labour unrest dimming SA precious metals sector’s 2014 prospects

‘Absolutely unacceptable’ for SA to continue mining the way it is  

By: Martin Creamer     10th February 2014 It was “absolutely unacceptable” for the South African mining industry to continue mining its hard-rock, narrow-reef resources conventionally, Centre for Mechanised Mining Systems Steering Committee chairperson Rod Pickering said on Monday. Pickering, who was speaking to Mining Weekly Online at... 

Rod Pickering, chair of Centre for Mechnised Mining Systems
Mining Weekly's Martin Creamer talks to Centre for Mechanised Mining Systems Steering Committee chairperson Rod Pickering about the way forward for the South African mining sector. Camerawork and video editing Nicholas Boyd.

New private equity with a difference has $750m firepower for mining

By: Martin Creamer     7th February 2014 A new class of private equity, with a deeper understanding of mining’s needs, was launched officially last week with $750-million to deploy in the mining space. London-based Appian Capital Advisory, founded by former JP Morgan mining team member Michael Scherb, spoke to Mining Weekly Online on... 

New private equity with a difference has $750m firepower for mining

Tighter South African emission laws best platinum ‘beneficiation’

By: Martin Creamer     3rd February 2014 Tighter vehicle emission legislation in South Africa would boost the struggling platinum mining industry and be a fantastic local beneficiation route for the metal, which is facing an uphill battle, SFA Oxford MD Beresford Clarke said on Monday. Beresford, who was addressing the Investing In... 

Tighter South African emission laws best platinum ‘beneficiation’

Stillwater Mining suspends Ontario platinum mine permitting

By: Henry Lazenby     31st January 2014 US-based platinum group metals (PGMs) producer Stillwater Mining on Friday said that it had suspended the permitting process for its Marathon PGM and copper deposit, in Ontario. The Billings, Montana-headquartered company said the project team had identified several areas for further evaluation... 

Stillwater Mining suspends Ontario platinum mine permitting

Transition Metals announces new platinum discovery near Thunder Bay

By: Henry Lazenby     27th January 2014 Project generator Transition Metals on Monday announced that a recent drilling campaign in partnership with South Africa's Impala Platinum Holdings, at its 50%-owned Sunday Lake project, near Thunder Bay, Ontario, has confirmed platinum-group metals mineralisation. 

Transition Metals announces new platinum discovery near Thunder Bay

New blasting, smelting methods available to boost platinum – Robinson 

By: Martin Creamer     23rd January 2014 The introduction of new methods of blasting and smelting have the potential to boost platinum mining significantly, says research commentator Dr R E (Robbie) Robinson. Robinson tells Mining Weekly Online in the attached video interview that the introduction of selected blast mining (SBM) in... 

Martin Creamer and Dr Robbie Robinson
Research commentator Dr Robbie Robinson tells Mining Weekly Online's Martin Creamer that the introduction of new technologies in platinum mining will significantly improve the recovery of the precious metal. Photographs: Duane Daws. Video and Video Editing: Shane Williams.

Labour court puts temporary hold on AMCU’s planned gold strike

By: Martin Creamer     22nd January 2014 The Gauteng Labour Court has put a temporary hold on the Association of Mineworkers and Construction Union’s (AMCU’s) proposed gold strike until January 30, following a successful application to the court by the Chamber of Mines of South Africa, on behalf of AngloGold Ashanti, Harmony and Sibanye... 

Labour court puts temporary hold on AMCU’s planned gold strike

Early-stage explorers and prospect generators tapped for performance in 2014

By: Henry Lazenby     20th January 2014 Despite the thorny down-market the junior exploration sector has been dealing with over the past 18 months, several companies had been rewarded for their performances. The problem is, however, that the industry has not delivered a lot of performance, Sprott US Holdings chairperson Rick Rule told... 

Early-stage explorers and prospect generators tapped for performance in 2014

Junior resource investment could result in handsome profits as markets turn

By: Henry Lazenby     20th January 2014 The cyclical resources market holds ample potential to ensure the savvy investor abundant returns, and if the timing of market pullbacks and expansions could be predicted, many more investors would be rich. However, author of the Resource Opportunities newsletter, Lawrence Roulston, on Sunday... 

Junior resource investment could result in handsome profits as markets turn

Vanadium, iron-ore now set to launch Sable as platinum takes back seat

By: Martin Creamer     15th January 2014 The first source of cash flow for JSE-listed Sable Platinum – which on Wednesday received shareholder approval to rebrand as Sable Metals and Minerals – is set to be from vanadium and iron-ore, with platinum taking a back seat for the next couple of years.  

Sable CEO  James Allan
Photo by Duane Daws
Sable CEO James Allan

Colossus Minerals agrees to restructuring

By: Henry Lazenby     14th January 2014 Gold streaming company Sandstorm Gold on Tuesday announced that Colossus Minerals had approved a proposal from Sandstorm and a group of Colossus convertible gold-linked notes holders to restructure Colossus' capital structure. The restructure would entail converting its gold-linked notes and its... 

Colossus Minerals agrees to restructuring
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