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Platinum Group Metals News

Resources Watch 

Updated 7 hours ago AMSA implements large-scale, but ‘flexible’, labour reorganisation as Covid-19 bites; AECI still turns healthy profit, dividend owing to a robust response plan; and, PGM prices expected to remain robust in the short term 

Platinum continuing to attract strong investor interest – WPIC  

By: Martin Creamer     5th August 2020 The interest in platinum group metals (PGMs) is high at the moment, World Platinum Investment Council (WPIC) research director Trevor Raymond said on Wednesday. Speaking to Mining Weekly from London in a Zoom interview, Raymond said: “As you know, the WPIC doesn’t forecast price but one of our... 

Platinum continuing to attract strong investor interest – WPIC
World Platinum Investment Council research director Trevor Raymond talks to Mining Weekly’s Martin Creamer. (Video: Darlene Creamer)

High-flying, dividend-talking RBPlat going into second half with tailwinds  

By: Martin Creamer     4th August 2020 High-flying platinum group metals (PGM) mining company Royal Bafokeng Platinum (RBPlat) is going into the second half of this Covid-hit year well-positioned with stockpile, upper group two (UG2), lower capital and gold-streaming tailwinds. RBPlat CEO Steve Phiri told a half-year results... 

High-flying, dividend-talking RBPlat going into second half with tailwinds
Royal Bafokeng Platinum CEO Steve Phiri interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Covid-19 having greatest impact on jewellery demand in regions with higher infection rates

By: Donna Slater     4th August 2020 Worldwide marketing organisation Platinum Guild International’s (PGI’s) Insight August 2020 report indicates that, during the Covid-19 pandemic, affluent buyers have been less reluctant to decrease jewellery buying and that regions most impacted by Covid-19 have despondent views on buying... 

RBPlat reports sky-rocketed first-half earnings on lower Covid-hit output 

By: Martin Creamer     4th August 2020 Mid-tier platinum group metals producer Royal Bafokeng Holdings on Tuesday reported sky-rocketed earnings on lower Covid-19-impacted half-year production. The JSE-listed company’s earnings before interest tax depreciation and amortisation in the six months to June 30 soared 297.2% to more than... 

RBPlat reports sky-rocketed first-half earnings on lower Covid-hit output
Photo by Creamer Media
Royal Bafokeng Platinum CEO Steve Phiri.

Exchange control lifting sends strong growth message – Anglo 

By: Martin Creamer     4th August 2020 The lifting of exchange control by South Africa sends a really strong message about the country’s desire to promote investment and growth, says Anglo American finance director Stephen Pearce. He gave South Africa a pat on the back during Anglo’s virtual presentation of half-year results last... 

Exchange control lifting sends strong growth message – Anglo
Anglo American finance director Stephen Pearce

Sylvania buys back more shares

By: Donna Slater     3rd August 2020 Rustenburg-based platinum group metals miner Sylvania Platinum in July acquired 7 535 ordinary shares, representing about 0.003% of the company’s issued share capital, at A$0.9195 each. This forms part of Sylvania’s plan for the buyback of up to 1.65-million ordinary shares of $0.01 from all... 

Implats appoints chairperson designate

By: Donna Slater     3rd August 2020 Platinum group metals miner Impala Platinum (Implats) has appointed advocate Thandi Orleyn as an independent nonexecutive director and chairperson designate. Her appointment to the board will take effect on August 3, and she will assume the role of chairperson at the conclusion of the company’s... 

Implats appoints chairperson designate
Photo by Creamer Media
Implats incoming chairperson designate Thandi Orleyn

Crop nutrients have double potential of coal being exited – Anglo 

By: Martin Creamer     3rd August 2020 Covid-19 notwithstanding, diversified mining company Anglo American will this year be spending the $300-million that it forecast on the Woodsmith polyhalite project in the UK, which gives it entry into the crop nutrients business at a time when fertilising is being hailed a godsend to ease global... 

Crop nutrients have double potential of coal being exited – Anglo
Photo by Anglo American
Anglo American's Woodsmith polyhalite mining shaft under construction.

Post-Covid challenges for automotive sector to put strain on platinum demand – WPIC 

By: Simone Liedtke     31st July 2020 Demand from the automotive sector is the largest demand segment for platinum, accounting for around 40% of yearly platinum demand. The industry mainly uses platinum in autocatalysts or catalytic converters in internal combustion engine vehicles.  

World’s seeing widespread investment plans in hydrogen – Anglo 

By: Martin Creamer     30th July 2020 The broader portfolio of diversified mining and marketing company Anglo American is positioned to contribute an environmental-led new materials demand in a world that is seeing widespread investment plans in hydrogen, Anglo CEO Mark Cutifani said on Thursday. “We’ve seen the early evolution of... 

World’s seeing widespread investment plans in hydrogen – Anglo
Photo by Anglo American
Anglo says hydrogen is a clean and abundant fuel with applications using PGMs

RBPlat’s earnings rise on the back of PGM market improvement, weaker currency

By: Simone Liedtke     30th July 2020 Platinum miner Royal Bafokeng Platinum (RBPlat) anticipates its basic earnings a share for the six months ended June 30 to be between 330c and 344c , compared with a loss a share of 70.8c for the previous corresponding period. Headline earnings a share are estimated to be between 327.3c and... 

Operational agility underpins Anglo’s $3.4bn half-year earnings 

By: Martin Creamer     30th July 2020 The first half of 2020 has tested society to its limits, Anglo American CEO Mark Cutifani said on Monday, when the company reported 39%-lower $3.4-billion half-year earnings before interest, taxes, depreciation and amortisation (Ebitda). The interim dividend of $0.28 a share declared by Anglo is... 

Operational agility underpins Anglo’s $3.4bn half-year earnings
Photo by Anglo American
Profit attributable to equity shareholders of $0.5bn compared with last half-year’s $1.9-bn.

Nornickel to monitor permafrost conditions in real time

By: Mariaan Webb     29th July 2020 Russian base and precious metals miner Nornickel is developing a system to monitor in real time the soil conditions and the stability of the foundations of its operations in permafrost, as the company moves to find solutions to prevent another environmental disaster in the Arctic. The real-time... 

Nornickel to monitor permafrost conditions in real time
Nornickel COO Sergey Dyachencko

Ivanhoe in talks over Platreef, Western Forelands projects

By: Creamer Media Reporter      27th July 2020 Canadian mining company Ivanhoe Mines says it has had and continues to have strategic discussions regarding its Western Forelands project, in the Democratic Republic of the Congo (DRC), and its Platreef project, in South Africa. The company points out that a number of mining companies have... 

Ivanhoe in talks over Platreef, Western Forelands projects
Photo by Creamer Media
Ivanhoe Mines co-chairperson Robert Friedland

PIC lifts stake in Sibanye to 15% 

By: Marleny Arnoldi     27th July 2020 State-owned fund manager, the Public Investment Corporation (PIC) has increased its shareholding in NYSE- and JSE-listed precious metals miner Sibanye-Stillwater from 10.0031% to 15.024%. The PIC had in October last year increased its stake in the mining company from 9.3%. 

PGM prices expected to remain robust in the short term   

By: Martin Creamer     27th July 2020 Platinum group metals (PGMs) prices are expected to remain robust in the short term, with demand and supply starting to balance. Covid notwithstanding, the average realised dollar basket price of Anglo American Platinum (Amplats) in the six-month to June 30 was 56% higher year-on-year at $1 956 a... 

PGM prices expected to remain robust in the short term
Anglo American Platinum CEO Natascha Viljoen is interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Covid-19 slashes Sylvania's fourth-quarter production, profit

By: Marleny Arnoldi     27th July 2020 London-listed Sylvania has successfully ramped up to full capacity at its Sylvania Dump Operations (SDO), following a hard lockdown and subsequent ramping up process in South Africa, in the quarter ended June 30. The company only produced 9 055 oz of platinum, palladium, rhodium and gold (4E)... 

Fatality-free Amplats delivers higher earnings, declares dividend

By: Martin Creamer     27th July 2020 Platinum group metals (PGM) mining and marketing company Anglo American Platinum (Amplats) on Monday reported a robust set of financial results and a strong safety performance, illustrating the resilience of the business despite significant headwinds. The JSE-listed company delivered 6%-higher... 

Fatality-free Amplats delivers higher earnings, declares dividend
Anglo American Platinum CEO Natascha Viljoen.

Ivanhoe to publish updated DFS for Platreef project after some metal prices rise 

By: Marleny Arnoldi     23rd July 2020 Taking into account significant increases in the prices of palladium, rhodium, gold and nickel over the last three years, TSX-listed Ivanhoe Mines has decided to publish an updated definitive feasibility study (DFS) for the Platreef project, along with a preliminary economic assessment, later... 

Master Drilling breaks world record with 1 382 m hole at Zondereinde mine

By: Donna Slater     23rd July 2020 JSE-listed drilling technology company Master Drilling Group has broken the world record for depth of a hole drilled after the successful completion of the pilot hole – at 1 382 m, for raise-boring at platinum group metals miner Northam Platinum’s Zondereinde mine in Limpopo. Drilling of the... 

Master Drilling breaks world record with 1 382 m hole at Zondereinde mine

Implats expects at least 20% y/y rise in headline earnings

By: Marleny Arnoldi     23rd July 2020 In a positive turn of events, JSE-listed platinum miner Implats expects to report at least a 20% year-on-year increase in headline earnings per share (HEPS) for the year ended June 30. The miner posted headline earnings and HEPS of R3-billion and 423c apiece, respectively, in the financial year... 

Tsodilo Resources and TBM enter into royalty agreement

By: Donna Slater     23rd July 2020 TSX-V-listed diamond and metals explorer Tsodilo Resources has reached an agreement to grant private Botswana-based alternative investment firm TBM royalties on its wholly-owned Botswana subsidiary Gcwihaba Resources’ metal projects for $500 000. Gcwihaba’s metal licenses include those for base... 

Engie joins Mining3 to develop renewable hydrogen-based solutions

By: Marleny Arnoldi     23rd July 2020 Global energy company Engie has become the newest member of leading global mining industry research organisation Mining3. Engie says it joins Mining3 in its next phase of hydrogen research to co-create hydrogen solutions to help reach carbon neutrality for the mining sector in the coming... 

Resources Watch  

23rd July 2020 This week: Covid opens up opportunity for more constructive, purposeful dialogue; Global mining sharing knowledge in response to Covid-19; And, Platinum boosts hydrogen electrolyser performance exponentially 

Resources Watch
Resources Watch

Platinum used in artificial kidney breakthrough

By: Tasneem Bulbulia     22nd July 2020 Kidney disease can be a serious medical condition, affecting 10% of the world population. In the US alone, according to the Centres for Disease Control and Prevention, 37-million people suffer with some form of chronic kidney disease. 

Feasibility study launched to examine potential for Zandfontein PGMs tailings recovery

By: Donna Slater     22nd July 2020 Barplats Mines, a subsidiary of TSX- and JSE-listed platinum group metals miner Eastern Platinum (Eastplats), has entered into a project framework agreement with Advanced Beneficiation Technologies of South Africa (ABT) to complete an independent feasibility study for a tailings retreatment... 

Northam completes first phase of raise-bore drilling for third Zondereinde shaft  

By: Marleny Arnoldi     21st July 2020 JSE-listed Northam Platinum, together with Master Drilling, has successfully completed a record raise-bore pilot hole for the planned Number 3 Shaft at the Zondereinde mine. The new shaft system will provide additional access from surface to the underground workings for hoisting of men,... 

Northam completes first phase of raise-bore drilling for third Zondereinde shaft
Northam's Zondereinde mine

Minerals Council publishes health and safety position paper

By: Donna Slater     21st July 2020 In line with the Minerals Council South Africa’s yearly day of health and safety on July 17, the council on July 21 published its Health and Safety in Mining Position Paper, which examines health and safety in South Africa’s mining industry. According to the paper, the industry – which is... 

‘Historic dumps’ do not appear to be MPRDA regulated – law firm 

By: Martin Creamer     20th July 2020 South Africa’s ‘historic dumps’­ – mine dumps created prior to the promulgation of the Minerals and Petroleum Resources Development Act (MPRDA) which took effect in 2004 – do not appear to be regulated under the MPRDA, and the common law owners of such dumps do not require a right under the MPRDA... 

‘Historic dumps’ do not appear to be MPRDA regulated – law firm
Herbert Smith Freehills Patrick Leyden and Aobakwe Mametse.

China’s vehicle sales rebound bodes well for platinum group metals demand 

By: Martin Creamer     19th July 2020 The rebound of car sales and heavy-duty vehicle sales in China bodes well for platinum group metals demand as the world’s coronavirus lockdowns ease. A weekend Kitco News video on Platinum Group Metals president and CEO Michael Jones outlined the spurt in car sales in China and a note on LinkedIn... 

China’s vehicle sales rebound bodes well for platinum group metals demand
Photo by Creamer Media
Platinum Group Metals president and CEO Michael Jones.

PGMs to play a greater role in lithium-ion battery development, says PTM

By: Simone Liedtke     17th July 2020 Platinum group metals company Platinum Group Metals (PTM) believes platinum-group metals (PGMs) will start to play a greater role in the development of more efficient lithium-ion batteries. PTM recently partnered with Anglo American Platinum (Amplats) to launch a new venture, Lion Battery... 

Positive mining developments halted by Covid-19

By: Tracy Hancock     17th July 2020 Before the Covid-19 outbreak, major mining companies indicated that, for the first time in many years, government and the mining industry were having meaningful dialogue that could realise positive outcomes, says diversified infrastructure and services construction company Concor Construction CEO... 

Positive mining developments halted by Covid-19
COLLABORATION EXPECTATION A more collaborative approach regarding the development of mining infrastructure is expected in future, as well as more involvement by the State

Anglo's second-quarter copper, nickel output rises, while diamonds, platinum output falls

By: Donna Slater     16th July 2020 Diversified miner Anglo American has acted with resilience in the face of the global Covid-19 pandemic, which has affected many of its operations in different countries, with some commodities being affected more significantly than others, CEO Mark Cutifani says. "Our comprehensive response... 

Anglo's second-quarter copper, nickel output rises, while diamonds, platinum output falls
Anglo American CEO Mark Cutifani

Amplats loses 521 600 oz of output amid Covid shutdown

By: Marleny Arnoldi     16th July 2020 JSE-listed Anglo American Platinum (Amplats) lost 521 600 oz of platinum group metal (PGM) production in the quarter ended June 30 as a result of Covid-19 restrictions. The company reported a 41% year-on-year decrease in platinum, palladium, rhodium, ruthenium and iridium (5E) and gold... 

Waterberg project slated for development, construction decision

By: Simone Liedtke     16th July 2020 TSX- and NYSE-listed Platinum Group Metals’ (PTM’s) key business objective in the months ahead is to advance the palladium-dominant Waterberg project, in South Africa's Limpopo province, to a development and construction decision following the positive results of a definitive feasibility study... 

Platinum boosts hydrogen electrolyser performance exponentially – Hydrox   

By: Martin Creamer     16th July 2020 Platinum provides an exponential improvement in the performance of electrolysers used to produce green hydrogen, says Hydrox Holdings CEO Corrie de Jager, who describes platinum’s uplift as being “amazing”. “We tried a smattering of only 9% platinum and it provided a tremendous improvement in the... 

Platinum boosts hydrogen electrolyser performance exponentially – Hydrox
Hydrox CEO Corrie de Jager tells Mining Weekly’s Martin Creamer of the company’s hydrogen breakthrough. Video: Darlene Creamer.

WPIC says decarbonised future for aviation lies in hydrogen fuel cells

By: Marleny Arnoldi     15th July 2020 The World Platinum Investment Council (WPIC) in a recent statement discusses whether platinum-based fuel cells can propel the aviation industry towards a green post-Covid-19 future. It points out that, in the UK alone, aviation accounts for about 7% of total greenhouse-gas emissions and, prior... 

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