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Platinum Group Metals News

300-plus vehicle fleets assessed for cleaner, safer mine mobility in five regions – ICMM 

By: Martin Creamer     15th June 2021 As part of the cleaner, safer vehicles initiative of the International Council on Mining and Metals (ICMM), more than 300 vehicle fleets have this year been assessed for cleaner, safer mobility on more than 300 mines in five regions globally, ICMM health, safety and product stewardship director... 

Eurasia progresses Russia PGMs and battery metals JV

By: Creamer Media Reporter      15th June 2021 London-listed Eurasia Mining is progressing plans to create a “globally significant” platinum group metals (PGMs) and battery metals company with partner Rosegeo. Eurasia announced on Tuesday that it had created the first joint venture (JV) company, Monchegorskoe, to hold the licence for the... 

NUM to march next month over rising unemployment in Mpumalanga

By: Simone Liedtke     15th June 2021 The National Union of Mineworkers (NUM) Highveld Region is preparing to march against continued retrenchments, outsourcing, use of labour brokers and the increasing unemployment rate in the Mpumalanga province. The march, to be held on July 15, will be targeted at State-owned utility Eskom, as... 

White House highlights manganese as potential preferred battery element contender 

By: Martin Creamer     14th June 2021 The White House document on revitalising American manufacturing and fostering broad-based economic growth pays particular attention to South Africa as the world’s largest supplier of manganese, and to manganese as a potential preferred battery element contender, Mining Weekly can today report.... 

White House highlights manganese as potential preferred battery element contender
Photo by Creamer Media
The White House on building supply chains.

Platinum jewellery sales continue to record strong rebound

By: Simone Liedtke     11th June 2021 Despite ongoing challenges escalated by the Covid-19 pandemic, platinum jewellery retailers and manufacturers report a sustained recovery across three of four key markets in the latest ‘Platinum Jewellery Business Review (PJBR)’ report for the first quarter of this year. The strong momentum is... 

Allow geologists from surrounding African countries to boost SA's exploration rebirth, top explorer advises  

By: Martin Creamer     11th June 2021 Exploration geologists from surrounding countries should be allowed into South Africa to boost exploration. That is the view of Exploration Geology Consultants exploration manager Thinus Jordaan, who believes that South Africa’s planned exploration thrust should focus on commodities required in... 

Allow geologists from surrounding African countries to boost SA's exploration rebirth, top explorer advises
Exploration manager Thinus Jordaan interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Mining output performs well, but off a low base

By: Marleny Arnoldi     10th June 2021 Mining output has increased by 116.5% year-on-year in April, after having increased by 22.5% year-on-year in March. The largest contributors were platinum group metals, growing by 276%; gold, growing by 177%; manganese ore, growing by 208%; and iron-ore, growing by 149%. 

Electrification, digitalisation and automation to increase mines safety and productivity

By: Donna Slater     10th June 2021 South African mines wanting to drive greater operational safety, productivity and sustainability, as well as increase mine life, should tap into electrification, digitalisation and automation, says engineering company ABB South Africa process industries division manager John Manuell. From a... 

Metal worth more than gold is set to get even more expensive

By: Bloomberg     9th June 2021 Palladium’s surge has given it the title of most-expensive of the major traded precious metals, and its gap over gold may widen as demand buoys prices. The metal used in catalytic converters hit an all-time high of more than $3 018/oz in May and, even as its rally cooled over the past month, is... 

Metal worth more than gold is set to get even more expensive

Regenerative coal mining crucial part of just transition to green economy – Bevan Jones 

By: Martin Creamer     9th June 2021 A shift to “regenerative mining” of coal reserves is a crucial part of a solution to a greener, cleaner future, said African Source Markets CEO Bevan Jones on Wednesday. Jones, a former commodity trader at Macquarie and Rand Merchant Bank, who cofounded the global coal market in London in the... 

Regenerative coal mining crucial part of just transition to green economy – Bevan Jones
African Source Markets CEO Bevan Jones

First-quarter GDP up 4.6% 

By: Donna Slater     8th June 2021 South Africa’s gross domestic product (GDP) increased at a yearly rate of 4.6% during the first quarter of 2021, reports Statistics South Africa (Stats SA). The mining and quarrying sectors combined grew by 18.1%, contributing 1.2 percentage points to the overall GDP figure, while the... 

First-quarter GDP up 4.6%

Mining firms with higher ESG ratings outperform market – PwC  

By: Martin Creamer     8th June 2021 Mining companies with higher environmental, social and governance (ESG) ratings outperformed the broader market during the peak of the Covid-19 crisis, delivering 34% average total shareholder return over the past three years — ten percentage points higher than the general market index,  PwC... 

Mining firms with higher ESG ratings outperform market – PwC
PwC Mine 2021 Report covered by Mining Weekly’s Martin Creamer. Video: Nicholas Boyd

Nornickel resumes mining at Taimyrsky after flooding

By: Creamer Media Reporter      4th June 2021 Metals miner Nornickel has resumed ore mining at the Taimyrsky underground mine, which was flooded earlier this year. The world’s top producer of palladium said on Friday that the mine was currently operating at 5 000 t/d, which was about 40% of the design capacity. 

Jubilee acquires additional PGMs tailings material in Eastern Limb orebody push 

By: Donna Slater     4th June 2021 Aim-listed metals processing company Jubilee Metals has acquired the rights to a further 944 000 t of platinum-group metals- (PGMs-) containing tailings on the Eastern Limb of the Bushveld Complex. This follows a day after it announced that it had secured its first rights to tailings on the... 

Jubilee acquires additional PGMs tailings material in Eastern Limb orebody push
Photo by Creamer Media
Jubilee Metals CEO Leon Coetzer

Russian banks to finance $7.8bn Siberia platinum mine

By: Reuters     3rd June 2021 Russian banks VTB and VEB will provide Russian Platinum, backed by entrepreneur Musa Bazhaev, with financing for the development of the Chernogorskoye platinum group metals deposit in Siberia, they said in a statement on Thursday. Total investment in the project is estimated at 570 billion... 

Jubilee enters into supply agreement to access Bushveld Complex's eastern limb orebodies

By: Donna Slater     3rd June 2021 Aim-listed metals processing company Jubilee Metals has entered into a further long-term, more-than-ten-year mine life platinum group metals (PGMs) feed supply agreement with a chrome mining customer, thereby expanding its PGM operations to the eastern limb of the PGMs-rich Bushveld Complex. To... 

Hot prices pervading commodities market, CRU tells Junior Indaba  

By: Martin Creamer     2nd June 2021 Price hotness is pervading the commodities market, CRU senior analyst Clare Hanna said on Tuesday, when she addressed the second and final day of the Junior Indaba. Speaking on ‘what’s hot and what’s not’, Hanna said almost all commodities were at the higher-than-15% level. (Also watch attached... 

Hot prices pervading commodities market, CRU tells Junior Indaba
CRU senior analyst Clare Hanna at Junior Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Council for Geoscience goes live with digital geoscience data

By: Martin Creamer     1st June 2021 South Africa’s Council for Geoscience went live on Tuesday with making geoscience data digitally available. During a panel discussion on the first day of the Junior Indaba, Council for Geoscience CEO Mosa Mabuza invited all to go on to the council’s website to find this data, the bulk of which,... 

Council for Geoscience goes live with digital geoscience data
Photo by Creamer Media
From top clockwise, ENSafrica COO Otsile Matlou, Geoscience CEO Mosa Mabuza, Orion Minerals CEO Errol Smart, DMRE DG Advocate Thabo Mokoena and AmaranthCX director Paul Miller.

Sibanye to buy back up to 5% of its shares

By: Simone Liedtke     1st June 2021 Precious metals miner Sibanye-Stillwater will be implementing an on-market buyback of up to, but not exceeding, 5% of its ordinary shares in issue as at May 31. The buyback programme is consequential to the successful financial deleveraging and resumption of industry-leading dividend payments by... 

Tender for new modern cadastre system to be invited next week   

By: Martin Creamer     1st June 2021 A tender for a new modern cadastre system to provide exploration information will be invited by the end of next week, Department of Mineral Resources and Energy (DMRE) director-general Advocate Thabo Mokoena said on Tuesday. In his opening keynote address on initiatives to ignite the exploration... 

Tender for new modern cadastre system to be invited next week
Junior Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Battery material value-add consolidation in South Africa under consideration by Mick Davis-linked NextSource  

By: Martin Creamer     31st May 2021 South Africa, which has the wherewithal to provide the value-add consolidation advantage to battery materials that the world’s electric vehicle original equipment manufacturers (OEMs) want, is being seriously considered for the role, NextSource president and CEO Craig Scherba said on Monday.... 

Battery material value-add consolidation in South Africa under consideration by Mick Davis-linked NextSource
NextSource President and CEO Craig Scherba interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

S&P revises outlook to positive for Sibanye-Stillwater

By: Simone Liedtke     31st May 2021 Global ratings agency S&P Global has revised the outlook for precious metals miner Sibanye-Stillwater to positive from stable and affirmed its ‘BB-’ long-term rating, as the miner continues to benefit from “extremely strong” platinum-group metals (PGMs) basket prices, with close to nil net... 

Zimbabwe threatens to seize platinum concession from Eurasian Resource affiliate

By: Bloomberg     31st May 2021 Zimbabwe’s Mines Minister has informed Todal Mining, a venture controlled by Eurasian Resources Group, that its platinum mining concessions could be seized because no progress has been made in developing them. The Bokai and Kinonde concessions may be taken over under the “use-it/lose-it... 

Eastplats puts ‘unproductive litigation’ behind it

By: Marleny Arnoldi     31st May 2021 JSE-listed Eastern Platinum (Eastplats) has announced that the Supreme Court of Canada has declined to hear an appeal sought by a shareholder, which sought leave to start derivative action against certain of the company’s current and former directors. The latest shareholder appeal follows the... 

Northam to host general meeting next month to discuss BEE transaction, other matters

By: Simone Liedtke     31st May 2021 Platinum group metals miner Northam Platinum will on June 30 host a general meeting for its shareholders to discuss and decide on the early maturity of the Zambezi black economic empowerment (BEE) transaction and the implementation of an extended BEE transaction. The general meeting will, owing... 

Project house DRA applies for secondary inward JSE listing 

By: Martin Creamer     29th May 2021 The 37-year-old South Africa-rooted project house DRA Global has applied for a secondary inward listing on the JSE under the main board’s construction and materials, engineering and contracting services sector. The diversified engineering, project and operations management group – now... 

Project house DRA applies for secondary inward JSE listing
Pan African Resources’ Elikhulu...one of DRA's gold projects.

Global palladium deficit to widen in 2021 - Nornickel

By: Reuters     28th May 2021 Russian metals miner Nornickel expects the deficit in the global palladium market to widen in 2021 due to flooding at its mines and an accident at its plant earlier this year, it said on Thursday. The world's largest palladium producer plans to partly compensate for the deficit from its... 

Global palladium deficit to widen in 2021 - Nornickel

Tharisa's earnings rise on booming PGM prices

By: Donna Slater     27th May 2021 Platinum groups metals (PGMs) and chrome miner Tharisa’s earnings before interest, taxes, depreciation and amortisation increased by 243.1% year-on-year to $124.2-million for the six months ended March 31. Its revenue increased by 61.2% year-on-year to $313.6-million, while its operating profit... 

Anglo explores 3D printing to boost supply chain efficiencies, support local businesses

By: Donna Slater     27th May 2021 Diversified miner Anglo American has partnered with the South African Council for Scientific and Industrial Research (CSIR) and US-based technology company Ivaldi Group, to explore opportunities to digitally distribute spare parts for mining and processing equipment to be manufactured locally... 

Marikana trial: 'Provoked' miners posed no threat when tear gas, stun grenades were fired at them

By: News24Wire      27th May 2021 A Rustenburg police officer testifying in the murder trial of former North West deputy police commissioner Major General William Mpembe and five other officers did not mince his words when he told the court on Wednesday that the situation at the Lonmin K3 shaft in Marikana in August 2012 was... 

Concern over lack of JSE listings ahead of Junior Indaba  

By: Martin Creamer     27th May 2021 In anticipation of next week's Junior Indaba virtual conference, AmaranthCX director Paul Miller has updated statistics on the change in the number of listed mining companies on the JSE over time. (Also watch attached Creamer Media video.) It is not a pretty picture. (See attached chart.) 

Concern over lack of JSE listings ahead of Junior Indaba
AmaranthCX director Paul Miller interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Govt-Minerals Council team established to promote exploration – Mgojo  

By: Martin Creamer     26th May 2021 The Department of Mineral Resources (DMRE) and Minerals Council South Africa have established a task team to promote exploration, outgoing Minerals Council president Mxolisi Mgojo said on Wednesday. The exploration task team, Mgojo said during his address to the council’s 131st annual general... 

Govt-Minerals Council team established to promote exploration – Mgojo
Minerals Council South Africa AGM covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Nolitha Fakude first woman mining industry president in 131 years 

By: Martin Creamer     26th May 2021 The board members of Minerals Council South Africa on Wednesday elected the first female president in 131 years. New president Nolitha Fakude, a former Minerals Council VP who is the chairperson of Anglo American South Africa, said she would be focusing on ensuring that mining contributes... 

Nolitha Fakude first woman mining industry president in 131 years
Top right, clockwise are Nolitha Fakude, Paul Dunne, Peter Steenkamp and Themba Mkhwanazi.

EWSETA planning to bolster domestic hydrogen development readiness, capabilities

By: Donna Slater     25th May 2021 The Energy and Water Sector Education and Training Authority (EWSETA) is planning to work closely with hydrogen sector role-players in South Africa in an effort to ensure that as the uptake of this technology grows, young people are being capacitated with the knowledge and skills needed to see... 

Diamond explorer Bill McKechnie feels South Africa has battery mineral exploration potential  

By: Martin Creamer     25th May 2021 The renowned exploration geologist linked to the colossal and still-thriving diamond discovery against all odds at the Venetia diamond mine in Limpopo, believes there is no reason why new battery and other specialist minerals cannot be discovered in South Africa, using the techniques that he... 

Diamond explorer Bill McKechnie feels South Africa has battery mineral exploration potential
Exploration geologist Bill McKechnie interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Nornickel hires new production chief

By: Reuters     25th May 2021 Russian metals producer Nornickel has hired Sergey Stepanov, former CEO at titanium producer VSMPO, as senior vice president in charge of production, it said on Tuesday. Nornickel's previous operations boss Sergey Dyachenko left the company in March as part of a management restructuring after a... 

Platinum’s myriad applications gaining further prominence in China

By: Tasneem Bulbulia     25th May 2021 China’s affinity for platinum is indisputable – it is the country that uses the most platinum in the world and it is the largest market for platinum jewellery, industry body the World Platinum Investment Council (WPIC) notes. The council says that, against the backdrop of the worldwide economic... 

Marikana trial: Miners may have been in possession of 60 rounds of ammunition - defence lawyer

By: News24Wire      25th May 2021 Striking mineworkers may have possibly ended up in possession of 60 rounds of ammunition, which they allegedly stole from an injured police officer on 13 August 2012 at Lonmin K3 shaft in Marikana, defence lawyer Henko Scholtz told the North West High Court. Scholtz concluded cross-examining the... 

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