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Platinum Group Metals News

Northam increases Zambezi preference share holdings to 40.71%

By: Tasneem Bulbulia     3rd July 2020 JSE-listed Northam has acquired an additional 11.72-million Zambezi Platinum preference shares for R959.7-million. Northam will now hold more than 65-million Zambezi preference shares, representing about 40.71% of all Zambezi preference shares in issue. 

IDC appoints Gert Gouws acting CFO

By: Donna Slater     3rd July 2020 The Industrial Development Corporation (IDC) has appointed Gert Gouws as its acting CFO for a period of three months while the process of appointing the permanent incumbent is being finalised. The IDC notes that the recruitment process is progressing well and is expected to be concluded soon.  

IDC appoints Gert Gouws acting CFO
Photo by Creamer Media
IDC acting CFO Gert Gouws

Covid kills 13 mineworkers, no foreigners back at work  

By: Martin Creamer     2nd July 2020 Thirteen mineworkers have now succumbed to the coronavirus, Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana said on Thursday. Of the 13 who have died, seven were employed in platinum mining in North West province, which has the most cases at 1 413... 

Covid kills 13 mineworkers, no foreigners back at work
Minerals Council South Africa Covid update covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Mining will need long-term strategies to survive new normal 

By: Simone Liedtke     2nd July 2020 For the mining industry to be successful post-Covid-19, the industry will require long-term strategies to deal with its challenges, which includes the pandemic. In a webinar hosted by the London Bullion Market Association (LBMA) on July 2, investment management firm Orion Resource Partners... 

Mining will need long-term strategies to survive new normal

Pandemic helps Russia tighten its grip on a key strategic metal

By: Bloomberg     2nd July 2020 As the coronavirus pandemic pummeled demand from key customers in the auto industry, Russia’s biggest mining company quietly tightened its grip on the palladium market. MMC Norilsk Nickel was already the No. 1 miner of the metal used in autocatalysts, but the crisis has allowed it to gain market... 

Pandemic helps Russia tighten its grip on a key strategic metal
A general view shows Russia's Arctic city of Norilsk. More than a quarter of the people living in and around the city work for Norilsk Nickel, which produces nickel and palladium.

PGMs, battery metals market potential, De Beers' R10m Covid-19 lab make headlines  

2nd July 2020 Mining Weekly Editor Martin Creamer unpacks platinum group metals being in a great position to benefit from the fast-growing global decarbonisation momentum, SA and the global battery metals market; and De Beer’s R10-million coronavirus testing lab.   

PGMs, battery metals market potential, De Beers' R10m Covid-19 lab make headlines
PGMs, battery metals market potential, De Beers' R10m Covid-19 lab make headlines

Hydrogen-powered aviation preparing for takeoff – study 

By: Martin Creamer     2nd July 2020 Hydrogen as an energy source will play a key role in transforming aviation into a zero-carbon/climate-neutral system over the next few decades, an independent study states in estimating that the first short-range hydrogen-powered demonstrator could be developed by 2028 if sufficient investments... 

Hydrogen-powered aviation preparing for takeoff – study
Strong steps being taken to clean up the skies by using hydrogen to power aircraft.

RBPlat opens 200-bed field hospital to support govt in fight against Covid-19 

By: Simone Liedtke     1st July 2020 Platinum group metals miner Royal Bafokeng Platinum (RBPlat), together with the North West Department of Health, has officially opened the 200-bed Royal Bafokeng Platinum Field Hospital, in Rustenburg, at a cost of about R10-million, to support government’s already overburdened resources in the... 

RBPlat opens 200-bed field hospital to support govt in fight against Covid-19

Eurasia Mining puts itself up for sale

By: Mariaan Webb     1st July 2020 London-listed Eurasia Mining, which operates platinum group metals (PGM) and gold mines in Russia, has started a formal sale process under the UK Takeover Code. UBS Investment Bank in London has been appointed its leading financial adviser to assist in a review of its strategic options. The... 

Covid-19 uncertainties giving precious metals a boost

By: Donna Slater     1st July 2020 Gold has maintained its safe haven status, with prices now having reached eight-year highs at about $1 800/oz on a fresh wave of Covid-19 infections that has been reported in parts of the US, the UK and China, integrated business enterprise Mitsubishi Corporation states. It notes in its '2020... 

Sylvania extends share buyback programme deadline to September

By: Simone Liedtke     1st July 2020 Aim-listed Sylvania Platinum has acquired 172 884 ordinary shares, which represents about 0.06% of the company’s issued share capital, between June 1, 2019, and June 30, this year. This relates to its planned buyback of over 1.6-million ordinary shares from all certificated non-UK shareholders... 

Resources Watch  

1st July 2020 This week: Ethiopia looking to bolster investment in resources, mining; And, Covid-19 is an important catalyst for hydrogen economy’s take-off 

Resources Watch
Resources Watch

Hydrogen to fuel giant mining trucks in green shift by Anglo 

By: Bloomberg     1st July 2020 Anglo American is advancing plans to convert its fleet of giant diesel-fueled mine trucks to hydrogen power as the company seeks to burnish its green credentials. More than 400 mine-haul trucks could be rebuilt to use hydrogen fuel, with a pilot project starting next year at Anglo American... 

Bullion platinum investment at an all-time high, says WPIC

By: Marleny Arnoldi     1st July 2020 The World Platinum Investment Council (WPIC) reports that sales of platinum bullion products – retail bars and coins – surged to record highs in the first quarter of the year, with purchases totalling 312 000 oz. Annualised, this represents a rate that is five times higher than that experienced... 

Platinum group metals in pole position to benefit from global decarbonisation thrust  

By: Martin Creamer     1st July 2020 Platinum group metals are in pole position to benefit from the fast-growing global decarbonisation momentum, Mining Weekly can today report. A multiplicity of global announcements are emerging daily that inextricably link platinum-catalysed hydrogen fuel cells as well as platinum-catalysed... 

Platinum group metals in pole position to benefit from global decarbonisation thrust
AP Ventures founding partner Kevin Eggers interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Eastplats settles with AlphaGlobal over outstanding claims

By: Marleny Arnoldi     26th June 2020 JSE- and TSX-listed Eastern Platinum (Eastplats) has reached a settlement agreement with AlphaGlobal Capital to dismiss all claims against Eastplats and its subsidiaries in exchange for shares. Eastplats will issue eight-million common shares of the company at a deemed subscription price of... 

SA Inc must act now to take ownership of battery metals value chain – Bushveld 

By: Martin Creamer     26th June 2020 Bold action is needed by South Africa Inc to take ownership of the significant potential share of the global battery metals market open to it, says Bushveld Minerals CEO Fortune Mojapelo. Speaking to Mining Weekly following this week’s presentation by the company of solid 2019 financial results... 

SA Inc must act now to take ownership of battery metals value chain – Bushveld
Wind and sun are producing clean electricity that vanadium flow batteries can store.

Lesotho opens more border posts for return of foreign mineworkers 

By: Martin Creamer     25th June 2020 Lesotho has opened up more border posts to speed up  the return to work of locked-down foreign mineworkers. As reported  by Mining Weekly last week, 12 000 mineworkers had one border post at their disposal on re-entering South Africa from Lesotho and the opening of more border posts was requested. 

Lesotho opens more border posts for return of foreign mineworkers
Minerals Council South Africa environment, health and legacies senior executive Nikisi Lesufi.

Anglo American calls for cooperative response in trying times 

By: Schalk Burger     25th June 2020 Diversified miner Anglo American CE Mark Cutifani has called for a society-wide response to the global Covid-19 crisis and says the miner is committed to global tax and the Extractive Industries Transparency Initiative (EITI). In its Tax and Economic Contribution report for the year ended... 

Anglo American calls for cooperative response in trying times
Anglo American CEO Mark Cutifani

China became second-largest platinum consumer in just three years

By: Marleny Arnoldi     25th June 2020 The World Platinum Investment Council (WPIC) says that, although platinum as an investment product in China is still a relative newcomer, it remains one with enormous potential. WPIC regional head for Asia Pacific Weibin Deng says China is the second-largest market for platinum consumption in... 

Six mineworkers die from Covid-19 – Minerals Council  

By: Martin Creamer     25th June 2020 Six mineworkers have succumbed to coronavirus since the start of the pandemic, Minerals Council South Africa said on Thursday. Back at work so far and screened daily are 272 770 mineworkers, on which 16 994 tests have been conducted, yielding 1 796 positive Covid cases and 666 recoveries,... 

Six mineworkers die from Covid-19 – Minerals Council
Minerals Council South Africa’s Covid update covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Infrastructure investment, China & the hydrogen economy make headlines  

25th June 2020 Mining Weekly Editor Martin Creamer unpacks the need for SA to invest more in productive infrastructure to boost the economy, China becoming a net importer of vanadium and how Covid-19 could be catalyst for the hydrogen economy to take off.   

Infrastructure investment, China & the hydrogen economy make headlines
Infrastructure investment, China & the hydrogen economy make headlines

Implats remains bullish about progress in a post-Covid-19 world 

By: Simone Liedtke     24th June 2020 South African miner Impala Platinum (Implats) expects to face increasing challenges to its medical preparedness and operational resilience as the Covid-19 pandemic progresses in the coming months. According to CEO Nico Muller, the benefit of experience gained by the team over the past few months,... 

Implats remains bullish about progress in a post-Covid-19 world
Photo by Creamer Media
CEO Nico Muller

Covid-19 is an important catalyst for hydrogen economy’s take-off – AP Ventures  

By: Martin Creamer     22nd June 2020 Despite being a global pandemic with hugely negative health consequences, Covid-19  is an important catalyst for the take-off of the hydrogen economy, in which platinum plays a fundamental role. “There’s an opportunity now to capitalise on a new wave on interest in hydrogen,” says AP Ventures LLP... 

Covid-19 is an important catalyst for hydrogen economy’s take-off – AP Ventures
AP Ventures founding partner Kevin Eggers speaks to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Amplats targets operating at 75% to 80% capacity by year-end 

By: Marleny Arnoldi     18th June 2020 Platinum group metals (PGMs) miner Anglo American Platinum (Amplats) expects to ramp up its production to between 75% and 80% of capacity by year-end, CEO Natascha Viljoen said on June 18. Viljoen explained that Amplats had started up 20% of its production profile after the Level 5 lockdown was... 

Amplats targets operating at 75% to 80% capacity by year-end
Amplats CEO Natascha Viljoen

PTM closes private placement to raise $1.71m

By: Tasneem Bulbulia     18th June 2020 Dual-listed Platinum Group Metals (PTM) has closed a previously announced nonbrokered private placement of common shares at price of $1.40 each, with an aggregate of 1.22-million common shares subscribed for and issued, resulting in gross proceeds of $1.71-million. Hosken Consolidated Investments... 

Ethiopia looking to bolster investment in resources, mining 

By: Simone Liedtke     17th June 2020 With an abundance of natural resources that have not been significantly exploited, Ethiopia has “enormous potential” for the export of these resources and at a relatively low production cost, Ethiopia Ministry of Mines, Petroleum and Natural Gas planning, monitoring and evaluation director... 

Ethiopia looking to bolster investment in resources, mining
Beryihun Temesgan, who spoke on behalf of Ethiopian Mines and Petroleum Minister Dr Samuel Urkato, and Ethiopia Ministry of Mines, Petroleum and Natural Gas planning, monitoring and evaluation director Geremew Negassa discuss the investment case for Ethiopia in a webinar hosted by the Australia-Africa Minerals and Energy Group. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

Ivanplats completes sinking of Shaft 1 at Platreef

By: Tasneem Bulbulia     17th June 2020 Dual-listed Ivanhoe Mines’ South African subsidiary, Ivanplats, has successfully completed the sinking of Shaft 1 at its palladium, platinum, nickel, copper, gold and rhodium Platreef mining licence to a final depth of 996 m below surface. The Platreef project, which contains the thick,... 

Implats reiterates support for Waterberg project as 15% shareholder

By: Martin Creamer     17th June 2020 Platinum group metals (PGM) mining and marketing company Implats, which on Wednesday reiterated its support for Waterberg development project and its joint venture partners, also expressed its intention to remain an active participant in the project at its current 15% shareholding level. This... 

Implats reiterates support for Waterberg project as 15% shareholder
Map of the Northern Limb of the Bushveld Coplex.

Platinum Group Metals given formal notice on Waterberg JV option

By: Martin Creamer     16th June 2020 Toronto- and New York-listed Platinum Group Metals this week reported that Implats had given formal notice that, owing to unprecedented events brought about by the Covid-19 pandemic, it would not be exercising its purchase and earn option into a 50.01% interest in the Waterberg platinum project.... 

Platinum Group Metals given formal notice on Waterberg JV option
Waterberg JV platinum core sampling

More border openings wanted for returning workers – Minerals Council 

By: Martin Creamer     15th June 2020 More border openings are wanted for returning foreign mineworkers. As of Thursday last week, not a single foreign mineworker had re-entered South Africa from neighbouring foreign countries. “Only a limited number of border posts are open,” Minerals Council South Africa environment, health and... 

More border openings wanted for returning workers – Minerals Council
Minerals Council South Africa Covid-19 Update covered by Mining Weekly Online’s Martin Creamer. Video: Darlene Creamer

Sibanye-Stillwater invests in social development as Youth Day approaches

By: Donna Slater     12th June 2020 Powerful and visionary companies in South Africa need to “roll up their sleeves” to invest boldly in their country in its “hour of need”, especially as Youth Day approaches, with an emphasis on businesses leading and investing in the future of the people for the benefit of generations to come,... 

Platinum retailers working towards recovery amid Covid-19 

By: Simone Liedtke     12th June 2020 Manufacturers and retailers of platinum jewellery have begun working towards ensuring the recovery of the sector, as Covid-19 continues to heavily impact on the global economy, the Platinum Guild International’s (PGI’s) latest 'Platinum Jewellery Business Review (PJBR)' states. Published on June... 

Platinum retailers working towards recovery amid Covid-19

Implats ups credit access, refreshes inter-company loan approvals 

By: Martin Creamer     12th June 2020 Platinum group metals mining and marketing company Implats has strengthened its access to credit and refreshed approvals for inter-company loans. In addition, the board has authorised the Johannesburg-listed company to give financial assistance to inter-related companies, as well as financial... 

Implats ups credit access, refreshes inter-company loan approvals
Impala Platinum in Rustenburg.

240 000 miners back at work – Minerals Council South Africa 

By: Martin Creamer     11th June 2020 An estimated 240 000 miners are back at work on 385 large and small mines across South Africa, Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana said on Thursday. Each and every one of these miners was screened on their return to work after lockdown... 

240 000 miners back at work – Minerals Council South Africa
Mining Weekly’s Martin Creamer reports on Covid update by Minerals Council South Africa. Video: Darlene Creamer 11.06.2020

Roskill says mining equities have outperformed other sectors, despite economic dislocation

By: Simone Liedtke     11th June 2020 Despite the Covid-19-related economic dislocation that is under way, consultancy Roskill says prices in several metals markets have gone up year-to-date, and that mining equities have outperformed that of many other sectors. Despite this, the mining sector is far from immune to the Covid-19... 

Pilanesberg reaches agreement with community around Wilgespruit

By: Marleny Arnoldi     11th June 2020 The Pilanesberg Platinum Mine (PPM) on June 11 announced that it had reached an agreement with the Lesetlheng community, enabling it to start mining on the Wilgespruit farm, in Gauteng, within the next few months. With its mining rights in place, PPM in 2014 brought an application to evict... 

Mining production falls sharply in April as lockdown effects take hold 

By: Simone Liedtke     11th June 2020 The Covid-19 pandemic and subsequent lockdown regulations since March 27 have had a severe impact on economic activity, with mining production alone having decreased by 47.3% year-on-year in April. Overall, platinum group metal (PGM) production was down 62% year-on-year and contributed -14.6... 

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