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Platinum Group Metals News

Sibanye launches campaign to reimagine, foster Marikana community of the future 

By: Donna Slater     16th April 2021 Precious metals miner Sibanye-Stillwater has launched the Marikana Renewal Programme to tackle the legacy of the Marikana mine following the August 16, 2012, killing of 34 mineworkers by the South African Police Service. Sibanye had acquired the Marikana mine when it bought out Lonmin in 2019.... 

Specialist vehicles to benefit from platinum-based fuel cell electric propulsion, says council

By: Tasneem Bulbulia     16th April 2021 Sales of hydrogen fuel cell electric vehicles (FCEVs) could reach 4.6-million a year by 2030, especially as the cost of hydrogen starts to fall, the World Platinum Investment Council (WPIC) estimates. In the short to medium term, platinum demand growth is likely to be driven by heavy-duty and... 

Covid affects use of platinum miner’s shafts

By: Cameron Mackay     16th April 2021 The Covid-19 pandemic and its impact in terms of health and safety regulations has significantly affected the use of two underground mine shafts at local platinum miner Wesizwe’s Bakubung platinum mine, in the North West province of South Africa, as well as the development of the mine project.... 

Covid affects use of platinum miner’s shafts
MAKING SHAFTS SAFER Since the shafts were commissioned, the company has had to implement a range of measures when transporting mineworkers up and down the shafts

PTM to oppose latest Waterberg project appeal

By: Donna Slater     15th April 2021 TSX- and NYSE-listed platinum group metals miner Platinum Group Metals (PTM) has received a further notice appealing the granting of a mining right to Waterberg Joint Venture (JV) Resources. The mining right had been granted by the Department of Mineral Resources and Energy (DMRE) on January 28.  

Sibanye continues to increase geographical diversity through M&As, says Froneman

By: Simone Liedtke     14th April 2021 While 2021 is looking like a solid year for precious metals miner Sibanye-Stillwater, executive director and CEO Neal Froneman has emphasised that the company will continue to increase its geographical diversity through value-accretive mergers and acquisitions (M&A) transactions. He noted during... 

Sibanye continues to increase geographical diversity through M&As, says Froneman
Sibanye-Stillwater CEO Neal Froneman

Sibanye-Stillwater restructures historical Lonmin BEE structure

By: Tasneem Bulbulia     14th April 2021 Dual-listed Sibanye-Stillwater has, effective April 13, restructured the previously highly indebted Lonmin broad-based black economic empowerment (BBBEE) structure in relation to Western Platinum (WPL) and Eastern Platinum (EPL), with a view to ensuring the sustainability of the BBBEE... 

Platinum price to rise as green hydrogen emerges as a new demand segment 

By: Simone Liedtke     14th April 2021 The rarity of platinum, combined with a decline in supply and overwhelming demand, is a formula for a build-up of a “perfect storm”, says independent precious metal consultant Dr David Davis, who says that this will lead to significant upward pressure on the price of platinum, to which investors... 

Platinum price to rise as green hydrogen emerges as a new demand segment
Dr David Davis

Tharisa on track to meet yearly production guidance

By: Simone Liedtke     13th April 2021 A resilient production performance feeding into a strong pricing environment has kept dual-listed Tharisa on track to achieve its full-year guidance. Reporting on a “solid” quarter of production for the three months to March 31, Tharisa notes that platinum-group metals (PGMs) production was up... 

Exploration industry has tight deadline to comment on controversial draft regulations  

By: Martin Creamer     9th April 2021 South Africa’s exploration industry has until April 19 to comment on controversial regulations still in draft form. “They’ve never consulted industry about it and what they are requesting is impractical,” says Allan Saad, a consulting exploration geologist, who formerly represented the now... 

Exploration industry has tight deadline to comment on controversial draft regulations
Consulting exploration geologist Allan Saad interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Impala Rustenburg hands over SLP projects to communities

By: Tasneem Bulbulia     9th April 2021 Impala Rustenburg, a member of the Impala Platinum (Implats) group, on April 9 handed over nine completed social and labour plan (SLP) projects to communities near its operations. The projects represent over R94-million of investment from Impala Rustenburg, several years of work and the creation... 

Nornickel to minimise 2020 final dividend, considers buyback

By: Reuters     9th April 2021 Nornickel will minimise its final dividend for 2020, the Russian metals producer said on Friday, citing a recommendation from its board of directors. The board recommended a final dividend of 1 021.22 roubles ($13.25) per share, it said in a statement. 

Nornickel to minimise 2020 final dividend, considers buyback
Gareth Penny

Russian tycoon Komarov eyes precious metals after pipes sale

By: Bloomberg     8th April 2021 Russian tycoon Andrey Komarov is setting his sights on precious metals mining after selling ChelPipe, the pipe maker that made him a billionaire. Komarov is in talks to purchase the Kumroch gold deposit in Russia’s Far East from billionaire Viktor Vekselberg’s Zoloto Kamchatki, according to... 

Russian tycoon Komarov eyes precious metals after pipes sale
Andrey Komarov

Katoro, Power Metal to advance Haneti project to deep diamond drilling

By: Simone Liedtke     7th April 2021 Aim-listed Katoro Gold will be advancing its Haneti nickel and platinum group metals (PGMs) project, in Tanzania, to deep diamond drilling following the receipt of results from the recently completed maiden rotary air blast (RAB) drill programme, which targeted the discovery of nickel and PGMs.... 

Value of iridium in electrolysis could top R90bn mark in years ahead – HySA 

By: Martin Creamer     7th April 2021 The value of iridium for proton exchange membrane (PEM) water electrolysis technology alone could exceed R90-billion in the next ten to 20 years. This is the view of Professor Dmitri Bessarabov, the director of the Department of Science and Innovation's National Centre of Competence: Hydrogen... 

Value of iridium in electrolysis could top R90bn mark in years ahead – HySA
Value chain as outlined by Professor Dmitri Bessarabov, the director of the Department of Science and Innovation's National Centre of Competence.

Canadian underground mining likely to take hydrogen ventilation lead – HySA 

By: Martin Creamer     6th April 2021 Canadian and Australian mines are big on wanting hydrogen ventilation in underground mining operations, and Canada will likely lead in the use of hydrogen underground. This is the view of Professor Dmitri Bessarabov, the director of the Department of Science and Innovation's National Centre of... 

Canadian underground mining likely to take hydrogen ventilation lead – HySA
Hydrogen South Africa hydrogen ventilation research site in North West.

Eastplats appoints new CFO, provides operational update

By: Tasneem Bulbulia     6th April 2021 JSE-listed Eastern Platinum (Eastplats) has appointed Wylie Hui as CFO and Corporate Secretary. Hui is a certified public accountant, chartered accountant and brings over 25 years of finance and operational experience to his role with Eastplats, particularly his experience in mining. He has... 

First Nations declare moratorium on Ring of Fire mining

By: Creamer Media Reporter      6th April 2021 The Attawapiskat, Fort Albany and Neskantaga First Nations in the James Bay lowlands have declared a moratorium development in the Ring of Fire, stating that their territories and rights could be “seriously and permanently desecrated” by large scale mining. The First Nations argue that... 

First Nations declare moratorium on Ring of Fire mining

Pilot projects start at mines

By: Cameron Mackay     2nd April 2021 Drilling technology and services provider Rosond is involved in the development of new drilling solutions and methodologies for pilot projects at local underground mines. These projects involve using innovations, such as drilling using flushed air or foam instead of water, as well as using... 

Pilot projects start at mines
GROUNDBREAKING DRILLING The company’s Rocor machines are standardised and fully interchangeable drills. They can be used above and below ground, and can be truck-, skid- or crawler-mounted

‘Smart Mines’ are the future

2nd April 2021 West Africa is one of the fastest growing mining regions on the continent with vast stretches of unexplored land as well as limited technology implementation, which creates many and varied opportunities for companies such as service provider Minetec Smart Mining. Minetec Smart Mining CEO Gurban... 

‘Smart Mines’ are  the future
GURBAN ZEYNALOV Minetec Smart Mining is looking to expand its geographic footprint by offering its technology solutions to midtier mining companies operating in West Africa

How South Africa can unlock its exploration potential ­– Adrian Reynolds   

By: Martin Creamer     1st April 2021 Of four factors required to attract investment in exploration, economic and fiscal stability is the most important, says highly experienced geological and mining consultant and nonexecutive company director Adrian Reynolds. Reynolds spoke to Mining Weekly in a Zoom interview about the factors... 

How South Africa can unlock its exploration potential ­– Adrian Reynolds
Geological and mining consultant Adrian Reynolds interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Silver is smart metal that fits Sibanye-Stillwater's green space – Froneman 

By: Martin Creamer     31st March 2021 Silver is a smart high-technology metal that fits into Sibanye-Stillwater’s green metals space. This was made clear by Sibanye-Stillwater CEO Neal Froneman during Wednesday’s Mining Indaba gold roundtable, moderated by Nedbank CIB lead analyst Arnold van Graan and covered by Mining Weekly. 

Silver is smart metal that fits Sibanye-Stillwater's green space – Froneman
Photo by Creamer Media
From top left, clockwise, Jeff Quartermaine, Arnold van Graan, Neal Froneman, Christine Ramon and Mark Bristow.

Amplats, Implats projects unpacked  

31st March 2021 Mining Weekly Editor Martin Creamer unpacks Anglo American Platinum’s smart power project, Implats in testing phase of its stationary hydrogen fuel cell and the two-part modernization underway at Amplats Amandelbult mine.   

Amplats, Implats projects unpacked
Amplats, Implats projects unpacked

Anglo collaborating on feasibility study for South Africa’s ‘hydrogen valley’ 

By: Martin Creamer     31st March 2021 Diversified mining and marketing company Anglo American on Wednesday announced a collaboration agreement to complete a feasibility study to develop a ‘hydrogen valley’ anchored in South Africa’s platinum group metals- (PGMs-) rich Bushveld geological area. Spearheaded by South Africa’s Department... 

Anglo collaborating on feasibility study for South Africa’s ‘hydrogen valley’
The Mogalakwena platinum group metals mine in Limpopo.

Resources Watch 

31st March 2021 This week: Master Drilling advancing mechanisation for two top-tier local clients; South Africa playing key role in hydrogen economy and, Substituting rhodium with palladium next, says Sibanye-Stillwater 

Resources Watch
Resources Watch

Wesizwe reports lower profit

By: Donna Slater     30th March 2021 Platinum group metals miner Wesizwe Platinum has recorded a profit of R51.78-million for the year ended December 31. That compares with a profit of R96.8-million in 2019. 

Now is time to get going on hydrogen economy opportunity – PIC 

By: Martin Creamer     30th March 2021 South Africa has got a massive opportunity to participate in the hydrogen economy and it would be a national travesty if the country failed to do so, says Public Investment Corporation (PIC) sector specialist mining, beneficiation and energy Heidi Sternberg. Mining Weekly can report that the PIC,... 

Now is time to get going on hydrogen economy opportunity – PIC
Photo by Creamer Media
From top left, clockwise, are Prakashim Moodliar, Neal Froneman, Sifiso Sibiya, Kevin Eggers and Heidi Sternberg.

SAIIA, UK PACT launch just transition project

By: Tasneem Bulbulia     29th March 2021 Think tank the South African Institute of International Affairs (SAIIA) is launching a new project to support South Africa’s just transition to a low-carbon, inclusive and climate-resilient future. Funded by the UK’s Partnering for Accelerated Climate Transitions programme in South Africa (South... 

Nornickel board calls on shareholders to discuss proposed change to dividend policy

By: Reuters     29th March 2021 The board of Russia's Norilsk Nickel called on shareholders to discuss a proposed change to its dividend policy as the palladium and nickel producer looks to invest more in production and environmental protection after a major fuel spill in the Arctic. Nornickel, the world's largest producer of... 

Nornickel board calls on shareholders to discuss proposed change to dividend policy

South African-developed fuel cell passing tests at Implats refinery 

By: Martin Creamer     29th March 2021 A South African-developed stationary hydrogen fuel cell is doing well as it is put through a testing phase at the Impala Platinum (Implats) refinery, group executive: refining and marketing Sifiso Sibiya has revealed. The stationary hydrogen fuel cell at Implats’ precious metals and base metals... 

South African-developed fuel cell passing tests at Implats refinery
Impala Platinum group executive: refining and marketing Sifiso Sibiya

First hydrogen and movement by third quarter – Anglo American Platinum 

By: Martin Creamer     29th March 2021 Anglo American Platinum executive head: project and environment Prakashim Moodliar has outlined what the company refers to as its smart power project, which is the development of the hydrogen fuel cell and battery-powered module, retrofitted on to a large haul truck, for deployment at the... 

First hydrogen and movement by third quarter – Anglo American Platinum
Anglo American Platinum executive head: project and environment Prakashim Moodliar.

One ultra-rare metal is doing much better than Bitcoin this year

By: Bloomberg     26th March 2021 There’s one metal that’s leaving all commodities -- and even Bitcoin -- in the dust this year. The challenge for investors is buying it. Iridium, one of the rarest precious metals and mined as a byproduct of platinum and palladium, has surged 131% since the start of January, far beating Bitcoin’s... 

Two-part modernisation of Amandelbult platinum mine under way  

By: Martin Creamer     26th March 2021 Two-part modernisation is under way at the Amandelbult underground platinum group metals (PGMs) mine of Anglo American Platinum (Amplats), one where conventional mine design remains intact but is renedered safer and more efficient, and the other involving mechanisation and the deployment of... 

Two-part modernisation of Amandelbult platinum mine under way
Anglo American Platinum CEO Natascha Viljoen interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Eastplats’ revenue buoyed by retreatment project

By: Donna Slater     26th March 2021 Owing to strong operating results from its Crocodile River Mine (CRM) retreatment project, JSE-listed platinum group metals (PGMs) and chrome miner Eastern Platinum (Eastplats) reports that its revenue for the year ended December 31, 2020, increased by 43.1% year-on-year, to $56.1-million.... 

PGMs, investments, economic growth make headlines   

26th March 2021 Mining Weekly Editor Martin Creamer notes: It is imperative that government, business and labour launch a global campaign to highlight the huge importance of South Africa’s platinum group metals in the fight against climate change. It was right and proper of Mineral Resources Minister Gwede... 

PGMs, investments, economic growth make headlines
PGMs, investments, economic growth make headlines

Canada tightens takeover rules for critical minerals

By: Reuters     25th March 2021 Canada has tightened foreign investment rules to protect the security of critical mineral supply chains, a government spokesperson said on Thursday, ahead of an expected surge in demand for metals used to make electric vehicles. The move comes as the US government works with Canada to boost... 

Canada tightens takeover rules for critical minerals

Africa hosts considerable potential for green hydrogen

By: Tasneem Bulbulia     25th March 2021 While there may be many challenges, Africa has the potential to leapfrog in terms of decarbonisation and to capitalise on opportunities presented by green hydrogen, African Hydrogen Partnership secretary general Vincent Oldenbroek has said. Speaking on the second day of a two-day green hydrogen... 

Substituting rhodium with palladium next, says Sibanye-Stillwater  

By: Martin Creamer     25th March 2021 Substituting rhodium with palladium is the next platinum group metals (PGMs) substitution investment that PGM mining and marketing company Sibanye-Stillwater intends making. Sibanye CEO Neal Froneman revealed this during a panel discussion at this week’s PGMs Industry Day virtual event covered by... 

Substituting rhodium with palladium next, says Sibanye-Stillwater
PGMs Industry Day panel discussion covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Sustainability to drive commodity markets for next ten years − Hambro 

By: Simone Liedtke     24th March 2021 China's strong demand for commodities has shifted the global industry’s perspective away from developing market consumption to a focus on Chinese consumption, BlackRock MD Evy Hambro said during a discussion as part of this year’s virtual Platinum Group Metals (PGMs) Industry Day, on March 24.... 

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