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Platinum Group Metals News

High-purity manganese facing phenomenal demand growth, PDAC hears 

By: Martin Creamer     24th June 2022 The commitment of at least six major motor companies to manganese-based batteries for battery electric vehicles (BEVs) is elevating the demand outlook for high-purity manganese phenomenally, a Prospectors & Developers Association of Canada (PDAC) conference has been told. CPM Group lead manganese... 

Sibanye's Stillwater mine suspended for 4-6 weeks

By: Mariaan Webb     24th June 2022 The Stillwater mine, in Montana, will remain suspended for four to six weeks to allow for access to the mine to be restored following recent flooding, precious metals miner Sibanye-Stillwater reported on Friday. The Stillwater mine accounts for about 60% of mined production from the group's US... 

Informal settlements near North West mining areas to be upgraded

By: Yvonne Silaule     24th June 2022 Informal settlements in the mining areas around the Bojanala and Dr Kenneth Kaunda districts, in the North West, will soon be upgraded as the provincial Department of Human Settlements sets out to fast-track upgrades. The expanding informal settlements are close to mining areas and mainly house... 

Implats contractors comment on Numsa’s claims

By: Marleny Arnoldi     23rd June 2022 Three contractors appointed at Impala Platinum’s mines in Rustenburg, North West, have expressed their views on some of the claims made by National Union of Metalworkers of South Africa (Numsa), which is currently carrying out strike action at the mines. The three contractors, Newrak Mining,... 

Competition Tribunal approves Northam’s intervention in Implats/RBPlat merger

By: Darren Parker     23rd June 2022 The Competition Tribunal has issued an order granting platinum producer Northam Platinum leave to intervene in the large-scale merger between platinum miners Impala Platinum (Implats) and Royal Bafokeng Platinum (RBPlat).   The Competition Commission, which investigates large mergers before... 

Tribunal hearing mics and tables

Deeming could bring regulatory certainty to much-needed minerals investment – NSDV  

By: Martin Creamer     23rd June 2022 The detraction of the South African investment market is the uncertainty around approval timelines and the implementation of a deeming provision could change all that by treating applications as approved after the passing of a set period of time. Many want to invest in exploration and mining... 

NSDV advisory head Mark Gilbert.
NSDV Advisory Head Mark Gilbert interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Sustainability taking front seat at Harmony Gold  

By: Martin Creamer     22nd June 2022 Large South African gold miner Harmony Gold sees R500m/y savings from Phase 2 on-balance-sheet renewables projects. This means the estimated R1.5-billion cost of the planned 137 MW second phase solar power projects will be covered in three years. 

Picture supplied
Harmony Gold investor relations head interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Numsa heads to court to fight interdict preventing strike at Implats’ Rustenburg mines

By: Donna Slater     21st June 2022 Labour union the National Union of Metalworkers of South Africa (Numsa) is heading to the Labour Court on June 21 to lay out its case for wanting about 4 000 of its members, employed by three mining contractors, to embark on a strike at Impala Platinum’s (Implats’) Rustenburg mines. One of the... 

Numsa members employed by Implats contractors embark on a strike

By: Donna Slater     20th June 2022 The National Union of Metalworkers of South Africa (Numsa) claims it has served three contractors supplying services to platinum group metals miner Impala Platinum (Implats) with notice to embark on an “indefinite” strike, starting on June 20. On June 21, Numsa says, its members will gather to... 

Companies pay tribute to David Brown

By: Marleny Arnoldi     20th June 2022 Platinum group metals (PGMs) mining companies Impala Platinum Holdings (Implats) and Northam Platinum, and telecommunications company Vodacom have paid tribute to David Brown, who passed away on June 18. David Hugh Brown, 59, who was born in Llandudno, Wales, on August 7, 1962, died after... 

Implats former CEO David Brown
Implats former CEO David Brown

Green hydrogen’s business case significantly strengthened, summit hears 

By: Martin Creamer     17th June 2022 Green hydrogen, when earlier identified as a necessary clean energy source to help the world achieve net-zero emissions in the coming decades, was higher up the cost curve than fossil fuels. Now that has changed with this week’s Financial Times Hydrogen Summit emphasising that green hydrogen’s... 

Creamer Media screenshot
FT Hydrogen Summit panel discussion.

High Court dismisses challenge against Maseve sale  

By: Tasneem Bulbulia     17th June 2022 The High Court of South Africa has dismissed a challenge brought by Africa Wide Mineral Prospecting and Exploration (Africa Wide) against Platinum Group Metals (PTM) and Royal Bafokeng Platinum (RBPlat) over their 2018 Maseve transaction. PTM announced in 2017 that it would sell the concentrator... 

An image of the Maseve concentrator
The Maseve concentrator

ESG provides profitable returns from smart capital allocation – analyst

By: Martin Creamer     15th June 2022 Environmental, social and governance (ESG) frameworks not only help businesses and the communities in which they operate but can also generate positive returns as mining companies reduce operating expenses and receive favourable investor interest and cheaper finance. When it comes to ESG, the... 

Picture supplied.
Nedbank mining equity analyst Arnold van Graan.

Southern Palladium progressing Bengwenyama project

By: Tasneem Bulbulia     15th June 2022 JSE- and ASX-listed Southern Palladium will be undertaking a near-term exploration programme at its 70%-owned Bengwenyama palladium/rhodium-dominated platinum group metals (PGM) project, on the Eastern limb of the Bushveld Complex, in South Africa, following a successful capital raise and... 

Resources Watch  

15th June 2022 This week: Circular economy prompting steel, oil, carbon recovery from end-of-life mine truck tyres; Increased efficiency cuts carbon, advances net-zero path, research finds; and, JSE recounts rousing tent-to-tech journey as Southern Palladium turns listing tide 

Resources Watch image
Resources Watch

Prieska Power Reserve partners IDC to further South Africa’s green hydrogen ambitions

By: Martin Creamer     14th June 2022 Emerging green hydrogen company Prieska Power Reserve on Tuesday announced a partnership with the State-owned Industrial Development Corporation (IDC) to advance a green hydrogen project in Prieska, in South Africa’s Northern Cape province. The Prieska Power Reserve Project is described on the... 

Picture supplied.
Prieska Power Reserve director Meta Mhlarhi.

Palladium One buys Yukon property once explored by Falconbridge 

By: Creamer Media Reporter      14th June 2022 TSX-V-listed Palladium One Mining has acquired the Canalask nickel/copper/platinum group elements (PGE) project beside the Alaska highway,  in the Whitehorse mining district of Yukon, from Victoria Gold. The company said its geological team, comprising of experts in sulphide nickel/copper/PGE... 

'Unprecedented' flooding erodes road to Sibanye's Stillwater mine

By: Mariaan Webb     14th June 2022 Precious metals miner Sibanye-Stillwater reported on Tuesday that all its employees at the Stillwater mine, in flood-hit Montana, were safe, but stated that roads and bridges leading to the mine had been damaged. The region has experienced widespread floods since Monday, after a warm spell led... 

An image of a road damaged by flooding
The Nye road (419) has been closed because of flooding.

Bluejay proposes separate listing of Greenland's Disko

By: Mariaan Webb     13th June 2022 Aim- and FSE-listed Bluejay Mining on Monday announced that it planned to demerge and separately list Disko Exploration, which holds several Greenland assets, including a project that is in a joint venture (JV) with a company backed by billionaires Jeff Bezos and Bill Gates. The proposed... 

Greenland has become the new front for critical metals exploration.
Greenland has become the new front for critical metals exploration.

NUM urges govt to investigate Modikwa incident

By: Marleny Arnoldi     13th June 2022 The National Union of Mineworkers (NUM) has expressed shock over a health and safety incident at African Rainbow Minerals’ (ARM's) Modikwa platinum mine, in Limpopo, and has urged the Department of Mineral Resources and Energy to investigate the incident. The union reports that, on June 10, two... 

Modikwa mine, in Limpopo
Modikwa mine, in Limpopo

Transition Metals hoping to find partners for 10 projects at PDAC

By: Creamer Media Reporter      13th June 2022 Multi-commodity project generator Transition Metals is hoping to find business arrangements for ten of its projects at the Prospectors and Developers of Canada (PDAC) conference in Toronto, which starts on Monday. The projects on offer boast gold, nickel, copper, platinum group metals, copper... 

Future metals beneficiation bonus on way for already hugely endowed Northern Cape 

By: Martin Creamer     10th June 2022 Modern technology and global decarbonisation demand is positioning South Africa’s already incredibly well-endowed Northern Cape with big beneficiation bonanza potential, in addition to being a green minerals, green metals and green energy haven. Rapidly developing clean beneficiation technology... 

Creamer Media screenshot.
Future-facing metals in abundance in Northern Cape.

Group Ten changes name to Stillwater Critical Minerals

By: Mariaan Webb     10th June 2022 TSX-V-listed Group Ten Metals is rebranding to Stillwater Critical Minerals to reflect the potential its sees in the iconic and famously productive Stillwater mining district of the Montana, US. The company’s flagship project is the Stillwater west project, which hosts eight metals – nickel,... 

Southern Palladium, Steenkampskraal, Rocsole, Kal Tire make headlines   

10th June 2022 Mining Weekly Editor Martin Creamer unpacks Southern Palladium's listing on the JSE; Steenkampskraal's rare earths development; and Rocsole stressing the need for increased efficiency to cut carbon emissions and Kal Tire tackling mine tyre waste through the circular economy approach.   

Photo of Martin Creamer
Southern Palladium, Steenkampskraal, Rocsole, Kal Tire make headlines

Russia's Afromet exits Zimbabwe platinum mine project

By: Reuters     9th June 2022 Russia's JSC Afromet has exited a platinum mining joint venture once touted to become the biggest mining venture in Zimbabwe, its Zimbabwean state-owned partner said on Thursday, announcing it had taken full control of the project. JSC Afromet, a unit of Russian businessman Vitaly Machitski's Vi... 

Major economies recognise strategic, economic importance of platinum, council says

By: Tasneem Bulbulia     9th June 2022 Earlier this year, the United States Geological Survey (USGS), the science agency for the United States (US) government’s Department of the Interior, released an updated list of 50 mineral commodities deemed critical to the US economy and national security. In the US, critical minerals are... 

Northam urges tribunal to accept its assistance in proposed RBPlat merger 

By: Tasneem Bulbulia     8th June 2022 Platinum group metals (PGMs) miner Northam Platinum is requesting the Competition Tribunal to accept its request to intervene in and assist in the tribunal processes related to fellow PGM miner Impala Platinum’s (Implats’) proposed buyout of Royal Bafokeng Platinum (RBPlat). As reported by Mining... 

JSE recounts rousing tent-to-tech journey as Southern Palladium turns listing tide  

By: Martin Creamer     8th June 2022 The first in-person listing of the Johannesburg Stock Exchange since covid heard the African kudu horn serenade an opening bid of R6.90 a share for platinum group metals (PGMs) company Southern Palladium, which on Wednesday took its place on the JSE’s main board as a secondary listing under the... 

Creamer Mdedia screenshot.
Southern Palladium’s JSE listing covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

M&R's Mining platform achieves strong recovery, order book at pre-pandemic levels

By: Schalk Burger     8th June 2022 Engineering and mining contracting firm Murray & Roberts’ (M&R’s) Mining platform says its order book has recovered to pre-pandemic levels. M&R Mining Platform CEO Mike da Costa adds that the platform has made a strong recovery from the economic effects of the Covid-19 pandemic. 

A photo of M&R Cementation's work at the New Clydesdale colliery

Resources Watch 

8th June 2022 This week: Sedibelo Platinum to play important part in South Africa’s green hydrogen effort; And, Junior explorer scores big in Namibian gold belt where mining majors failed 

Resources Watch image
Resources Watch

Increased efficiency cuts carbon, advances net-zero path, research finds  

By: Martin Creamer     8th June 2022 Like all other key industries, mining is having to advance along a net-zero path as part of the global decarbonisation drive. Gone are the days when innovation and financial improvement can be sold on their own without a carbon advantage. (Also watch attached Creamer Media video.) 

Creamer Media screenshot.
Rocsole CEO Mika Tienhaara interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

GDP returns to pre-pandemic levels, up 1.9% q/q in the first quarter

By: Donna Slater     7th June 2022 Statistics South Africa (Stats SA) reports that the country’s seasonally-adjusted gross domestic product (GDP) rose by 1.9% quarter-on-quarter in the first quarter of the year, driven primarily by the manufacturing sector, which increased by 4.9% and contributed 0.6 of a percentage point to the... 

An image showing the sectors contributing most to South Africa's GDP

Moody's expects most commodity prices to remain high over short term

By: Marleny Arnoldi     7th June 2022 Financial research firm Moody’s Investor Service says in its latest outlook for metals and mining that most commodity prices will remain high for the time being, supporting increases in earnings for many companies. Particularly, base metals prices will remain high and volatile, as prices for... 

Platinum surplus is ‘fragile’ amid supply risks, council warns

By: Bloomberg     7th June 2022 Platinum’s surplus is “fragile” amid supply risks and growing demand, according to the World Platinum Investment Council. “Supply is fairly constrained and you will not see supply from mines growing in the near or medium-term future,” CEO Paul Wilson said at a precious metals conference in... 

Photo of platinum bars

Southern Palladium to start trading on ASX, JSE on June 8

By: Donna Slater     6th June 2022 South Africa-based platinum group metals (PGM) miner Southern Palladium has been granted a secondary listing on the main board of the JSE, subject to the primary listing of shares on the ASX. The company was admitted to the official list of ASX on June 6.  

Implats to get secondary listing on the A2X

By: Tasneem Bulbulia     6th June 2022 Platinum group metals (PGMs) producer Impala Platinum (Implats) is set to list on A2X Markets (A2X), with its ordinary shares to be available for trade on A2X from June 13. The company will retain its primary listings on the JSE and its Level 1 American Depositary Receipt programme in the US. 

An Implats flag at one of the miner's operations

Circular economy prompting steel, oil, carbon recovery from end-of-life mine truck tyres  

By: Martin Creamer     6th June 2022 Highest and best use of ultra-large end-of-life mine truck tyres is being brought about by a change to the model in which resources are mined, made into products, and then become waste. Just one of these giant tyres can weigh 4.5 t and stand 14 feet tall. Put five of the 63-inch variety into a... 

Picture supplied.
Kal Tire’s Dan Allan speaks to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Russia stake in biggest Zimbabwe platinum project deters backers

By: Bloomberg     3rd June 2022 Zimbabwe’s biggest platinum project, struggling to get off the ground for the past two years has a new challenge. A major stake held by a Russian tycoon is scaring off potential financiers for the $3-billion mine, people with knowledge of the matter said. Initial development work on the... 

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