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Platinum Group Metals News

Ivanplats to complete early-works construction at Platreef Shaft 2

By: Mc'Kyla Nortje     19th April 2019 Ivanplats, the South African subsidiary of Ivanhoe Mines, is expected to complete early-works construction at Shaft 2 of the Platreef palladium/platinum/nickel/copper/gold/rhodium project, near Mokopane, in Limpopo, South Africa, in the second quarter, says Ivanplats VP and project director... 

Mining sector’s pursuit of ‘zero harm’ continues

By: Simone Liedtke     19th April 2019 The South African mining industry has continuously recommitted to the shared aspiration of zero harm, which aims to ensure that mineworkers return home from work unharmed every day. While there was an 86% decline in the number of fatalities from 1994 to 2016, the death of 90 mineworkers marked a... 

Mining sector’s pursuit of ‘zero harm’ continues

Gen Mining interested in Sibanye’s Marathon PGMs deposit

By: Mariaan Webb     18th April 2019 Minerals exploration company Generation Mining has struck an agreement to potentially earn up to 80% in Sibanye-Stillwater’s Marathon platinum group metals deposit in northern Ontario. Gen Mining has signed a letter of intent with Sibanye to earn an initial 51% interest in the property, which... 

Five-month gold strike is over 

By: Martin Creamer     17th April 2019 The five-month strike by the Association of Mineworkers and Construction Union (AMCU) at Sibanye-Stillwater’s South African gold operations is over. Parties have acknowledged that it is in their interest to rebase and develop a constructive relationship going forward, Sibanye-Stillwater said in a... 

Zimbabwe attracts two new investors to develop platinum mining projects 

By: Reuters     17th April 2019 Zimbabwe will in coming weeks name two new investors who will develop separate platinum mining projects west of the capital as the country ramps up mining output in an attempt to ease a severe dollar shortage, the mines minister said on Wednesday The southern African nation has the second largest... 

Royal Bafokeng boosts production despite setbacks 

By: Martin Creamer     17th April 2019 Black-owned platinum group metals mining company Royal Bafokeng Platinum boosted its production in the three months to March 31, in spite of several setbacks in the period. Tonnes delivered to concentrators increased by 17.3% to 862 000 t and tonnes milled increasing by 11.6% to 846 000 t.... 

Miners behind pre-poll South African stock rally not done yet

By: Bloomberg     17th April 2019 South African mining stocks have had their best start to the year since 2016 and there’s every chance they are not done yet. The FTSE/JSE Africa Mining Index has gained 22% as of April 16 and is close to an eight-year high, helping South Africa’s benchmark gauge advance 12% as investors show few... 

Orion Minerals, PTM make headlines 

17th April 2019 This week Mining Weekly editor Martin Creamer unpacks the developments at Orion Minerals and Platinum Group Metals. 

Orion Minerals, PTM make headlines
Orion Minerals, PTM make headlines

Resources Watch  

17th April 2019 South African platinum industry needs continuing collaboration; Rapidly rising costs will exacerbate PGMs industry crisis; and, Platinum demand investment reaps reward 

Resources Watch
Resources Watch

Northam secures R1.65bn in funding through domestic medium-term notes placement

By: Creamer Media Reporter      16th April 2019 Platinum miner Northam Platinum has completed a private placement of domestic medium-term notes to the value of R1.65-billion under its R2-billion Domestic Medium-Term Note Programme. The new notes will mature over a one-year (R250-million), two-year (R250-million) and three-year (R1.15-billion)... 

Orion clinches potent new-style empowerment deal  

By: Martin Creamer     16th April 2019 Sydney- and Johannesburg-listed exploration and mining development company Orion Minerals has found a formula to achieve empowerment that puts all shareholders at full participation and contribution. “What we’ve arrived at is a fantastic win-win scenario,” an overjoyed Orion CEO Errol Smart told... 

Orion clinches potent new-style empowerment deal
Orion Minerals CEO Errol Smart (left) interviewed by Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Photographs: Dylan Slater.

PTM appoints former Vale exec to its board

By: Creamer Media Reporter      16th April 2019 TSX- and NYSE American-listed Platinum Group Metals (PTM) has appointed Stuart Harshaw to its board of directors. Harshaw was the VP of Vale Canada's Ontario operations until 2017. He also previously held mining board positions for Vale in Indonesia, Korea and Barbados.  

PTM extends Waterberg DFS completion date to August

By: Tasneem Bulbulia     15th April 2019 TSX- and NYSE American-listed Platinum Group Metals (PTM) has extended the completion date of a definitive feasibility study (DFS) for the large-scale, palladium dominant and bulk mineable Waterberg project in South Africa to August to accommodate a new design plan. The DFS is being managed by... 

Activists push South African pension funds to tally climate costs  

By: Bloomberg     15th April 2019 Pension funds in South Africa have a legal obligation to account for the financial effects of climate change on their investments, according to two groups lobbying money managers to pay closer attention to the issue. Shareholder activists Just Share and environmental law organisation ClientEarth... 

Mbazima to retire from Anglo American after 18 years 

By: Creamer Media Reporter      12th April 2019 Norman Mbazima will step down as deputy chairperson of Anglo American South Africa on June 30. “Norman has made an exceptional contribution to Anglo American over the last 18 years, delivered with tireless energy, most recently as deputy chairperson of Anglo American South Africa. He has played... 

Mbazima to retire from Anglo American after 18 years
Photo by Creamer Media
Norman Mbazima

Platinum edges out of the doldrums at last as labour threat looms

By: Bloomberg     12th April 2019 After months of being ignored in favor of market darling palladium, platinum is finally getting some attention from investors. The metal, which is mostly used to make jewelry and reduce emissions from car exhausts, is trading near the highest since May and money is pouring into platinum-backed... 

Minerals Council calls for delay of at least five years in carbon tax implementation

By: Rebecca Campbell     12th April 2019 The Minerals Council South Africa (Minerals Council), the representative body for the mining industry in the country, has called on government to delay the implementation of the new carbon tax. “The Minerals Council would like to see a delay of at least five years for the implementation of the... 

Minerals Council calls for delay of at least five years in carbon tax implementation

New ways of determining workers’ fitness for work urged amid changing laws and attitudes towards cannabis

By: Nadine James     12th April 2019 Changing societal perceptions, combined with more and more countries legalising cannabis use, means that companies should adapt traditional methods of determining whether employees are fit for duty, says Predictive Safety director of fatigue education Dr Doug Potter.   

New ways of determining workers’ fitness for work urged amid changing laws and attitudes towards cannabis
ALERTMETER The tests take up to 90 seconds to complete, produce immediate results, and can be repeated multiple times a day, with no risk of a false positive

Sibanye-Stillwater presells gold to Citibank 

By: Martin Creamer     11th April 2019 Precious metals mining company Sibanye-Stillwater announced on Thursday that it had entered into an agreement to presell gold to Citibank for R1.75-billion ($125-million). This follows Wednesday’s raising of a similar amount on the sale of 5% of the issued shares of the Johannesburg- and New... 

Sibanye-Stillwater presells gold to Citibank
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Tharisa’s mining volumes increase during March quarter

By: Tasneem Bulbulia     11th April 2019 Tharisa’s mining volumes increased during the quarter ended March 31, as the company invests to deliver on its Vision 2020 target. Reef tonnes mined and stripping ratio increased by 3.9% and 10.4%, respectively, while production drills improved by 9.5% quarter-on-quarter. 

Hydrogen and platinum at centre of climate change solution – Anglo   

By: Martin Creamer     11th April 2019 Hydrogen is at the centre of the solution to climate change and platinum, in turn, is at the centre of hydrogen, London-based Anglo American executive head of market development Benny Oeyen emphasised when he spoke to Mining Weekly Online on the sidelines of this week’s Platinum Group Metals... 

Hydrogen and platinum at centre of climate change solution – Anglo
Mining Weekly Online’s Martin Creamer speaks to Anglo American executive head of market development Benny Oeyen. Video: Nicholas Boyd. Photographs: Dylan Slater.

Orion Minerals halts securities trading at JSE as it prepares for capital raising

By: African News Agency      11th April 2019 Australian miner Orion Minerals on Thursday requested an immediate trading halt be placed on its securities in the Johannesburg Stock Exchange (JSE) as it anticipates making a material announcement in relation to a proposed capital raising. Orion said the trading halt was requested until the... 

Zulti South, platinum jewellery and green hydrogen make headlines  

11th April 2019 This week Mining Weekly editor Martin Creamer unpacks Rio Tinto's $463-million Zulti South Project, platinum jewellery stimulating platinum demand and green hydrogen being used to ensure carbon-free driving in a time of increasing vehicle electrification.   

Zulti South, platinum jewellery and green hydrogen make headlines
Zulti South, platinum jewellery and green hydrogen make headlines.

Zimbabwe pursuing favourable policies to attract more mining investment 

By: Tasneem Bulbulia     10th April 2019 To pursue meaningful and increased exploration, fully capitalise on economic benefits and increase investment in the mining sector, the Zimbabwean government has embarked on a number of policies to engender a favourable environment for investors. Deputy Mines and Mining Development Minister... 

Zimbabwe pursuing favourable policies to attract more mining investment

Zimbabwe, Russia finalise deal for $4bn platinum mine

By: Bloomberg     10th April 2019 Zimbabwe has signed an agreement with Russia to build a new platinum mine in the southern African country, finalising a deal that’s stalled since 2014. A deal to develop a new platinum-group metals mine on a prospect held by Great Dyke Investment, a company jointly owned by a Russian... 

South African PGMs industry risks upsetting global market dynamics

By: Simone Liedtke     9th April 2019 To ensure a sustainable platinum group metals (PGMs) market will require South Africa to balance its market in line with global supply, Sibanye-Stillwater business development executive VP Richard Stewart told delegates at the PGMs Industry Day, held in Johannesburg, on Tuesday. Dubbing the... 

South African platinum industry needs continuing collaboration – panel  

By: Simone Liedtke     9th April 2019 Despite cautious optimism among industry stakeholders about the platinum group metals (PGMs) industry’s forward momentum, Northam Platinum CEO Paul Dunne on Tuesday warned delegates at the PGMs Industry Day, in Johannesburg, that the industry was “not out of the woods yet”. Dunne lamented that... 

South African platinum industry needs continuing collaboration – panel
Impala Platinum mining executive Thabile Makgala discusses current trends in the platinum mining industry. Video and editing: Nicholas Boyd.

Sibanye's first-quarter gold production falls on strike impact

By: Creamer Media Reporter      9th April 2019 Dual-listed Sibanye-Stillwater expects to report gold production of 104 000 oz for the first quarter of this year. That equates to about 90% of what was planned for under the strike conditions and 36% of the gold produced in the first quarter of 2018. Sibanye on Tuesday warned that unit operating... 

Rapidly rising costs will exacerbate PGMs industry crisis  

By: Natasha Odendaal     9th April 2019 Faster-than-inflation rising costs and a stall in revenue in the South African platinum group metals (PGMs) industry are exacerbating hardwired challenges that are already threatening nearly 90 000 jobs. Rapidly escalating costs, particularly for labour, electricity and supplies, are fast... 

Rapidly rising costs will exacerbate PGMs industry crisis
Minerals Council South Africa CEO Roger Baxter discusses the challenges facing the platinum group metals sector in South Africa. Camera Work & Editing: Nicholas Boyd. Recorded: 8.4.2019

Platinum demand investment reaps reward – Amplats  

By: Martin Creamer     9th April 2019 The best lever to stimulate platinum demand is platinum jewellery promotion, which provides the best return “by a country mile", Anglo American Platinum CEO Chris Griffith said on Tuesday. Speaking at the Platinum Group Metals (PGMs) industry day, Griffith said that the work done by the platinum... 

Platinum demand investment reaps reward – Amplats
Amplats CEO Chris Griffith discusses the platinum demand market over the short to medium term. Video and editing: Nicholas Boyd.

AMCU disagrees with Sibanye about labour verification outcome

By: Creamer Media Reporter      9th April 2019 The Association of Mineworkers and Construction Union (AMCU) has expressed its dissatisfaction with Sibanye-Stillwater for “prematurely” issuing a media statement regarding the outcome of a labour verification process at the miner’s gold operations, in South Africa. JSE- and NYSE-listed Sibanye... 

Amcu slams Lonmin-Sibanye merger over 'magnitude' of job losses at Appeal Court

By: News24Wire      8th April 2019 Thousands of jobs will be lost at Lonmin over a three-year period following its merger with Sibanye-Stillwater, the Association of Mineworkers and Construction Union has argued. The union has lodged an appeal before the Competition Appeal Court to set aside a 2018 decision by the Competition... 

 Amcu slams Lonmin-Sibanye merger over 'magnitude' of job losses at Appeal Court

Research bodies turning to technology to reverse decline of deep-level mining

By: Nadine James     5th April 2019 The outlook for South Africa’s deep-level mining sector over the next ten years is bleak, without drastic change, comments Mandela Mining Precinct co-director Navin Singh. This is because of challenges around operating costs and safety of personnel, says South African Institute of Mining and... 

Research bodies turning to technology to reverse decline of deep-level mining

Anglo taking tailings dam monitoring to next level 

By: Martin Creamer     4th April 2019 Diversified mining company Anglo American is implementing new techniques that give the company far more control over tailings dams, which have been thrown into the spotlight after the tragic loss of life at Brumadinho, in Brazil, where an iron-ore tailings dam collapsed at Vale’s Corrego do... 

Anglo taking tailings dam monitoring to next level
Photo by Anglo American
How Anglo American is reducing tailings dam risk

Anglo American, Northam, Australia’s budget surplus make headlines  

4th April 2019 This week Mining Weekly editor Martin Creamer discusses Anglo American’s plans for hydrogen, new tunnel boring technology at Northam’s Eland mine and Australia’s $7.1-billion budget surplus. 

Anglo American, Northam, Australia’s budget surplus make headlines
Anglo American, Northam, Australia’s budget surplus make headlines.

Anglo hopes to run truck on hydrogen in 12 months – O’Neill 

By: Martin Creamer     3rd April 2019 Diversified mining company Anglo American hopes to have a truck running on hydrogen in the next 12 months, Anglo American technical director Tony O’Neill said on Wednesday, when he spoke of foreseeing the company’s installed diesel fleet one day being replaced by an electrical alternative.   To... 

Anglo hopes to run truck on hydrogen in 12 months – O’Neill
Photo by Anglo American
Graphic showing how sun can provide electricity to produce hydrogen that powers mine fleets.

Northam trying out tunnelling first at rhodium-rich Eland mine development 

By: Martin Creamer     2nd April 2019 Platinum group metals mining company Northam is preparing to deploy innovative tunnel boring technology at its Eland mine as part of a R93-million shared risk-and-reward contract with Master Drilling. Eland, on the southeastern limit of the western limb of the Bushveld Complex, has a 19.3-million... 

Northam trying out tunnelling first at rhodium-rich Eland mine development
Photo by Creamer Media
Paul Dunne (right) and Martin Creamer

RBPlat successfully raises R1.03bn in rights offer

By: Tasneem Bulbulia     1st April 2019 Royal Bafokeng Platinum (RBPlat) on Monday confirmed that it had raised R1.03-billion in a rights offer that closed on March 29. Mining Weekly Online reported earlier this month that the capital raise was the final building block needed by the company to increase its production to 500 000 oz/y of... 

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