https://www.miningweekly.com
R/€ = 19.81 Change: -0.16
R/$ = 17.92 Change: -0.31
Au 1614.15 $/oz Change: -5.19
Pt 729.51 $/oz Change: 12.51
 

Platinum Group Metals News

Top platinum miners declare force majeure after coronavirus lockdown

By: Reuters     Updated 6 hours ago The world's largest platinum producers Anglo American Platinum, Sibanye-Stillwater and Impala Platinum have declared force majeure on contracts after a three-week national lockdown forced operations to close. South Africa, which accounts for around 70% of mined platinum supply, called the... 

Implats complies with lockdown requirements in various jurisdictions

By: Tasneem Bulbulia     30th March 2020 JSE-listed Impala Platinum (Implats) has successfully ramped down all South African mining operations and placed them on temporary care and maintenance from March 26. Essential care and maintenance services are continuing to ensure the integrity of key infrastructure and facilitate a safe... 

Proudly South African hydrogen breakthrough with Shell’s backing 

By: Martin Creamer     30th March 2020 At this time of huge coronavirus uncertainty, the chests of a group of engineers here must surely be bulging with pride following their major Proudly South African world breakthrough that could speed up the global deployment of hydrogen as a competitive universal and environmentally friendly... 

Proudly South African hydrogen breakthrough with Shell’s backing
Photo by Hydrox Holdings
Hydrox Holdings membraneless electrolyser.

Mining could be enormous post-virus stabiliser – Minerals Council

By: Martin Creamer     29th March 2020 The mining industry could be an enormous asset in stabilising and growing the economy post the coronavirus crisis – but the right economic and regulatory circumstances would have to prevail, Minerals Council South Africa stated in a weekend media release. Post coronavirus, South Africa would... 

ARM, Motsepe family play key roles in R1bn coronavirus pledge

By: Martin Creamer     28th March 2020 South Africa’s diversified black-controlled mining and minerals company African Rainbow Minerals (ARM) and the Motsepe family on Saturday formed the key part of the partnership of companies and organisations that have pledged R1 billion to assist with the current coronavirus (Covid-19) pandemic... 

ARM, Motsepe family play key roles in R1bn coronavirus pledge
Photo by Creamer Media
Dr Patrice Motsepe and Dr Precious Moloi-Motsepe at Saturday's remote media conference using the Internet to ensure social distance.

Mitsubishi unpacks movement of PGM markets amid lockdowns

By: Marleny Arnoldi     27th March 2020 Mitsubishi Corporation International (MCI) says in its latest precious metals update that it expects South Africa’s platinum supply to reduce by around 7%, or by between 200 000 oz and 300 000 oz, in light of closed operations during South Africa’s 21-day national lockdown. The announcement by... 

Mitsubishi unpacks movement of PGM markets amid lockdowns

Tharisa places smelter on care and maintenance, declares force majeure on chrome sales agreements

By: Donna Slater     27th March 2020 Platinum group metals (PGMs) and chrome concentrate miner Tharisa has shut its PGMs smelter, thereby placing it on care and maintenance, as well as declared force majeure on its contracted chrome concentrate sales agreements. The miner has also received force majeure notifications from its PGM... 

Eastplats, Union Goal to finalise framework agreement as soon as possible

By: Simone Liedtke     27th March 2020 Canada-based Eastern Platinum (Eastplats) on March 27 said it and Union Goal Offshore Solution were negotiating and working to finalise and update the framework agreement in several areas after one year of operations. On March 1, 2018, Eastplats entered into an agreement with Union Goal relating... 

Zimbabwe cuts rates, miners send coronavirus distress signals

By: Reuters     27th March 2020 Zimbabwe's central bank cut its main lending rate to 25% on Thursday and set a fixed exchange rate as part of measures to support the economy against the coronavirus pandemic. The Chamber of Mines, which represents major mining companies in the country, said mineral production could fall 60% in... 

Emerging miner on the difficulties in accessing project capital

By: Mamaili Mamaila     27th March 2020 The mining sector is transforming as technology presents new industry opportunities, says emerging miner Lurco Group COO Aubrey Chauke. 

Emerging miner on the difficulties in accessing project capital
Photo by Bloomberg
MOVING AWAY South African financial institutions no longer have an appetite for coal projects

Jubilee confident the group will withstand Covid-19 disruption

By: Simone Liedtke     26th March 2020 Aim- and AltX-listed Jubilee Metals says it has a “robust business model” and is, therefore, confident that the group will be able to withstand the disruption caused by the spread of the Covid-19 virus across the globe. In anticipation of this disruption, Jubilee says it has already taken... 

Sunrise ‘making steady progress’ with mine permitting for US project

By: Simone Liedtke     26th March 2020 Aim-listed Sunrise Resources on March 26 said it was making steady progress with the mine permitting process for its CS Pozzolan-Perlite project, in the US. The process is currently at a very advanced stage, the miner said, and all supplemental environmental reports have been accepted as... 

Amplats postpones AGM in light of Covid-19 lockdown

By: Tasneem Bulbulia     26th March 2020 JSE-listed Anglo American Platinum (Amplats) has postponed its annual general meeting (AGM) to June 25. The postponement is the result of the national lockdown in South Africa that will be implemented from midnight on March 26 to April 16. 

Canadian Malartic mine put on temporary care and maintenance

By: Tasneem Bulbulia     26th March 2020 Intermediate precious metal royalty company Osisko Gold Royalties announced on March 25 that, following the announcement by Agnico Eagle Mines and Yamana Gold – the operators of the Canadian Malartic Mine – operations at the mine would be ramped down and placed on care and maintenance until April... 

Calibre suspends Nicaraguan operations in the wake of Covid-19

By: Simone Liedtke     26th March 2020 TSX-listed Calibre Mining has started the legal process with the Nicaraguan Ministry of Labour to obtain authorisation for the temporary suspension of its El Limon and La Libertad mines. According to CEO Russell Ball, the company has implemented several mitigation measures across the business and... 

Operations resume at Fortuna’s San José mine

By: Simone Liedtke     26th March 2020 The illegal blockade of roads in the San José del Progreso municipality, which prevented access to NYSE- and TSX-listed Fortuna Silver Mines’ San José mine, in Mexico, has been lifted. Operations resumed on March 25 and started with the night shift. 

Online bullion accounts, ETFs the way to go amid Covid-19 lockdowns 

By: Marleny Arnoldi     26th March 2020 Now that supply of retail products is tightening amid Coronavirus contingency measures and lockdowns, investing in physical platinum without taking delivery of investment bars and coins is an accessible and cost-effective way of owning platinum, says the World Platinum Investment Council (WPIC).... 

Online bullion accounts, ETFs the way to go amid Covid-19 lockdowns

Sibanye prepares South African ops for downtime, warns of depressed guidance

By: Donna Slater     25th March 2020 Following President Cyril Ramaphosa’s announcement of a nationwide lockdown from March 26 to slow the spread of Covid-19 in South Africa, JSE-listed gold and platinum group metals (PGMs) miner Sibanye-Stillwater is preparing its local mines to be wound down. The lockdown will be in effect until... 

Global mining majors putting bright new spotlight on green hydrogen 

By: Martin Creamer     25th March 2020 Three years ago the Hydrogen Council catapulted hydrogen to the forefront as a source of energy for transport and industrial companies. Now mining majors are putting the spotlight on hydrogen once again with the launch of the Green Hydrogen Consortium, which Hatch marketing coordinator Alana... 

Global mining majors putting bright new spotlight on green hydrogen
Liquid organic hydrogen carrier (LOHC) technology renders hydrogen oil-like.

South African miners preparing for three-week lockdown 

By: Simone Liedtke     24th March 2020 Various South African mining companies have pledged their support for President Cyril Ramaphosa’s Covid-19 directives and range of measures in respect of mitigating the impact of the pandemic on South Africa’s economy. The pledges follow the President’s address to the nation on Monday evening,... 

South African miners preparing for three-week lockdown
Photo by Creamer Media
President Cyril Ramaphosa

South Africa orders mines to close in 21-day virus lockdown

By: Bloomberg     23rd March 2020 South Africa will close its mines for an unprecedented 21 days as part of a nationwide lockdown announced by President Cyril Ramaphosa in a race to contain the coronavirus. The move provides a stark reminder of the severity of the developing health crisis in a nation whose economy was built on... 

Sibanye warns of lower activity from Blitz mine 

By: Marleny Arnoldi     23rd March 2020 To further proactively manage the Covid-19 threat at NYSE- and JSE-listed Sibanye-Stillwater’s platinum group metal operations in the US, the company has decided to reduce the number of people working at some of its sites. The company will take specific actions including demobilising contractors... 

Sibanye warns of lower activity from Blitz mine
Sibanye's Stillwater mine, in Montana

Minerals Council, Sibanye condemn false Covid-19 reports

By: Simone Liedtke     23rd March 2020 The Minerals Council South Africa says it will provide a daily update on its website if and when incidents of Covid-19 are confirmed at its members’ operations. This follows reports last week of a purported confirmed case of the novel coronavirus, which causes Covid-19, at precious metals miner... 

Minerals Council, Sibanye condemn false Covid-19 reports
Photo by Bloomberg
Sibanye's Marikana operation.

As coronavirus spreads, Rusal puts brakes on Nornickel's palladium JV

By: Reuters     22nd March 2020  Norilsk Nickel said on Friday that Russian Platinum had withdrawn from talks about creating a joint venture for their Arctic palladium project due to a lack of approval from Rusal, one of Nornickel's shareholders. Nornickel is the world's largest producer of palladium, which has been hit hard by... 

As coronavirus rages, Rusal puts brakes on Nornickel's palladium JV

By: Reuters     20th March 2020 Russia's Norilsk Nickel said on Friday that Russian Platinum, its partner in an Arctic palladium project, had withdrawn from talks on creating the joint venture due to a lack of approval from Rusal, one of Nornickel's shareholders. Nornickel is the world's largest producer of palladium, which... 

AMCU reports fatalities at AngloGold, Sibanye mines  

By: Marleny Arnoldi     20th March 2020 The Association of Mineworkers and Construction Union (AMCU) reported on Friday afternoon that it had learnt of fatalities at AngloGold Ashanti’s Mponeng mine, in Gauteng, and Sibanye-Stillwater’s Thembelani shaft, in the North West. The union said in a statement that the AngloGold incident... 

Anglo takes companywide measures to limit spread, mitigate impacts of Covid-19 

By: Marleny Arnoldi     20th March 2020 Global diversified miner Anglo American has announced the measures that it is taking in light of the Covid-19 outbreak across its mining and corporate operations. CE Mark Cutifani says the measures are often tailored to the specific nature and location of a particular site to protect the... 

Anglo takes companywide measures to limit spread, mitigate impacts of Covid-19

Company varies drill offering

By: Darren Parker     20th March 2020 Drilling equipment and consumables supplier Galison Drilling, part of original-equipment manufacturer (OEM) Galison Group, is pinning its 2020 growth strategy on the supply of consumables for the mechanised, or extension rod, drilling sector in South Africa. “We feel the time is right for... 

Company varies drill offering
JOHAN FOURIE The focus of Galison’s drilling operations have been moved to Rustenburg, in the North West province, to serve the platinum mines in the area

Amplats reviewing capital plans to provide for at least R650m in plant repairs 

By: Marleny Arnoldi     19th March 2020 JSE-listed Anglo American Platinum (Amplats) on Thursday confirmed that repairs to its subsidiary Rustenburg Platinum Mines’ converter plant were progressing on schedule for completion by May 25. The company also said it did not foresee that any contracts would be terminated as a result of the... 

Amplats reviewing capital plans to provide for at least R650m in plant repairs

Question marks over protracted re-entry of trimetal PGM catalysis  

By: Martin Creamer     19th March 2020 Trimetal catalysts, which use three platinum group metals (PGMs) rather than two and thereby balance PGM demand, have a multi-decade history of curbing gasoline vehicle emission, which poses question marks over why their re-adoption should be so protracted. New York-based CPM Group MD Jeffrey... 

Question marks over protracted re-entry of trimetal PGM catalysis
Photo by Creamer Media
CPM Group MD Jeffrey Christian

After the rout, platinum and palladium face more turmoil before recovery

By: Reuters     19th March 2020 Platinum and palladium will remain turbulent in coming months after huge losses sparked by the spread of coronavirus, before starting a tentative recovery with support from palladium's supply gap and platinum's correlation with gold, analysts said. Platinum has plunged 40% and palladium 45% from... 

Amplats, RBPlat reach agreement amid ACP closure

By: Tasneem Bulbulia     18th March 2020 An arrangement has been agreed to in principle between JSE-listed Royal Bafokeng Platinum (RBPlat), Anglo American Platinum (Amplats), Rustenburg Platinum Mines (RPM) and Royal Bafokeng Resources (RBR), following the force majeure declared by Amplats under a disposal of concentrate agreement... 

Sibanye tweaks agreements with Amplats

By: Marleny Arnoldi     17th March 2020 JSE-listed precious metals miner Sibanye-Stillwater has reached agreements, in principle, with fellow listed Anglo American Platinum (Amplats) for the treatment of material following Amplats’ force majeure declaration earlier this month. Amplats temporarily shut its subsidiary Rustenburg... 

World’s biggest precious metal industry readies for coronavirus 

By: Bloomberg     17th March 2020 Platinum and gold mines in South Africa, which together make up the world’s biggest precious metals industry, are gearing up to try and minimise a local outbreak of the coronavirus that could disrupt operations where hundreds of thousands of people work in close proximity. Companies including... 

World’s biggest precious metal industry readies for coronavirus

Gold slumps and platinum falls by most ever amid hunt for cash 

By: Bloomberg     16th March 2020 Precious metals took another beating on concerns that a wave of emergency stimulus measures by central banks won’t be enough to improve a rapidly deteriorating economic outlook. Gold, coming off the biggest weekly drop in almost four decades, extended losses below $1 500/oz as market sentiment... 

Gold slumps and platinum falls by most ever amid hunt for cash

Billions wiped off South Africa market in minutes amid global bloodbath 

By: News24Wire      16th March 2020 The JSE’s all share index started the week with an instant loss of 6% in opening trading, as global panic selling intensified. Last week, the JSE lost 15% of its value – and suffered two of its biggest crashes in the past forty years. On Monday, the JSE’s all share index dropped by more than 6%,... 

 Billions wiped off South Africa market in minutes amid global bloodbath

Palladium’s hot run turns cold in metal’s biggest-ever turnabout

By: Bloomberg     15th March 2020 During market crashes, palladium isn’t the first commodity that comes to mind. That’d typically be reserved for gold, the oldest of all safe havens, or maybe oil, a notoriously volatile asset. But while those two have garnered plenty of attention this week, no commodity has cratered more... 

Palladium’s hot run turns cold in metal’s biggest-ever turnabout

Gold holds the line in ‘time of crisis’ as disruption spirals

By: Bloomberg     12th March 2020 Gold held its ground as the disruption to the global economy from the coronavirus pandemic intensified, with the US announcing that it’ll suspend travel from Europe to battle the outbreak, and investors shunning risk assets from equities to industrial commodities. Palladium tanked. Bullion... 

Gold holds the line in ‘time of crisis’ as disruption spirals
First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

Projects

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close