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Platinum Group Metals News

Anglo reinforces sustainability goals, clarifies decarbonisation pathway goals

By: Simone Liedtke     30th October 2020 Diversified miner Anglo American intends to achieve full carbon neutrality across its operations by 2040, with eight of its operations to reach that goal by 2030. The commitment was initially made in May this year, but CEO Mark Cutifani on October 30 elaborated that this goal would be achieved... 

Implats CEO encouraged by first-quarter production results 

By: Simone Liedtke     30th October 2020 Impala Platinum (Implats) started its new financial year off strongly, with gross tonnes milled at managed operations having improving by 18% year-on-year to over 6.1-million tonnes for the first quarter, ended September 30. The increase in milled tonnes was primarly owing to the maiden inclusion... 

Implats CEO encouraged by first-quarter production results
Implats CEO Nico Muller

Profitable circular economy concepts making future potentially bright for coal miners  

By: Martin Creamer     29th October 2020 Coal mining companies need to start looking at creating their own profitable circular economies around existing coal assets because it is possible, says African Source Markets CEO Bevan Jones. While still responsibly mining coal, coal-mining companies have an opportunity to look at creating a... 

Profitable circular economy concepts making future potentially bright for coal miners
African Source Markets CEO Bevan Jones interviewed by Mining Weekly’s Martin Creamer.

Sibanye-Stillwater says operational recovery progressing well 

By: Donna Slater     29th October 2020 JSE-listed gold and platinum group metals (PGMs) miner Sibanye-Stillwater says its operational recovery from the severe Covid-19-induced lockdown in South Africa has progressed well to date. The build-up to normalised production levels at the miner’s South African operations has progressed... 

Sibanye-Stillwater says operational recovery progressing well

Resources Watch  

29th October 2020 This week: Gold Fields 40 MW solar power application making good progress Platinum well positioned in hydrogen economy’s sweet spots And, Experience from other health crises shaped mining industry’s rapid pandemic response  

Resources Watch
Resources Watch

Struggling ferrochrome needs chrome export tax as interim measure – Richards Bay Alloys  

By: Martin Creamer     28th October 2020 The struggling electricity-intensive South African ferrochrome industry, which has taken significant strides to increase its efficiency and reduce its electricity consumption, needs urgent steps to be taken to enable it to restore its competitiveness. The most far-reaching of these is the... 

Struggling ferrochrome needs chrome export tax as interim measure – Richards Bay Alloys
Richards Bay Alloys CEO Andries van Heerden interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Wheaton's shares start trading on the LSE

By: Marleny Arnoldi     28th October 2020 TSX- and NYSE-listed precious metal streaming company Wheaton Precious Metals Corporation has started trading on the LSE main market, effective October 28. CEO Randy Smallwood says Wheaton’s business model offers UK investors a unique and appealing opportunity to gain exposure to precious... 

Sylvania achieves solid first-quarter production, financial performance 

By: Tasneem Bulbulia     28th October 2020 Aim-listed Sylvania’s Sylvania Dump Operations (SDO) produced 17 972 oz of platinum, palladium, rhodium and gold (4E) platinum-group metals (PGMs) for the quarter ended September 30 − the first quarter of Sylvania's 2021 financial year. This was higher than the 9 055 oz of 4E PGMs produced in the... 

Hopes rise as top firms arrive at potential flow-through share model to stimulate mining exploration  

By: Martin Creamer     27th October 2020 A flow-through share model has been drawn up with the help of top firms to stimulate badly neglected mining exploration in South Africa, Minerals Council South Africa junior and emerging miners leadership forum chairperson Errol Smart said on Tuesday. Speaking to Mining Weekly in a Zoom... 

Hopes rise as top firms arrive at potential flow-through share model to stimulate mining exploration
Minerals Council South Africa Junior Miners’ Forum Chairperson Errol Smart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Excitement as Sumitomo becomes AP Ventures’ latest hydrogen economy investor 

By: Martin Creamer     27th October 2020 Leading Fortune 500 global trading and business investment company Sumitomo Corporation, which has a strong focus on the hydrogen economy, has become the latest investor in partnership with venture capital company AP Ventures Fund II. Sumitomo joins cornerstone investors such as South Africa’s... 

Excitement as Sumitomo becomes AP Ventures’ latest hydrogen economy investor
Photo by Creamer Media
Andrew Hinkly

Decision soon on platinum process that can save a Medupi power station worth of power   

By: Martin Creamer     26th October 2020 The definitive feasibility study for the installation of a revolutionary new electricity-slashing processing plant at Pilanesberg Platinum Mine in the North West will be completed next month, in time for an investment decision from the shareholders in KellTechnology South Africa, which are... 

Decision soon on platinum process that can save a Medupi power station worth of power
Kelltech’s Keith Liddell interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Implats reports significant ESG progress for this year 

By: Simone Liedtke     26th October 2020 Platinum group metals miner Impala Platinum (Implats) made significant progress on its environmental, social and governance (ESG) goals during this year, as highlighted in its ESG report released on October 26. Referring to the miner’s workforce specifically, a statement by social, transformation... 

Sibanye-Stillwater, trade unions ink three-year wage agreement for Kroondal

By: Simone Liedtke     23rd October 2020 JSE- and NYSE-listed Sibanye-Stillwater has concluded a three-year wage agreement for its Kroondal operation, which forms part of its South African platinum group metal (PGM) operations. The wage agreement was concluded with the National Union of Mineworkers and the Association of Mineworkers and... 

All trapped workers rescued from Implats’ 20 Shaft

By: Marleny Arnoldi     23rd October 2020 Platinum group metals miner Impala Platinum (Implats) has confirmed that all workers have been evacuated safely from underground, following an incident late on October 21 at its 20 Shaft, in Rustenburg. The incident related to a mechanical failure in the rock conveyance system on site, which,... 

China, Japan to lead platinum demand rebound over next four years

By: Marleny Arnoldi     23rd October 2020 Platinum demand is set to fall by 7.2% globally this year, on the back of lower demand from the automotive and jewellery sector. Typically, these sectors account for 34% and 24% of total demand, respectively, but Covid-19 had dampened the sector’s operations and their own demand, says data and... 

RBPlat lifts guidance on back of record third-quarter output   

By: Marleny Arnoldi     22nd October 2020 JSE-listed Royal Bafokeng Platinum Holdings (RBPlat) achieved record platinum, palladium, gold and rhodium (4E) metals production of 124 500 oz in the third quarter, notwithstanding the impact of Covid-19 on operations to date. The company attributed the record production to an improved... 

Implats says rescue of trapped workers at 20 Shaft in progress

By: Marleny Arnoldi     22nd October 2020 Platinum group metals miner Impala Platinum (Implats) has confirmed that an incident happened at its 20 Shaft, in Rustenburg, on the evening of October 21, rendering some workers in need of evacuation. The incident occurred as a result of a mechanical failure in the rock conveyance system. In... 

Covid has highlighted the value of operating remotely – mining editor 

By: Martin Creamer     22nd October 2020 The extraction of data from machinery to improve decision-making is a key benefit of the digital mine and has changed the way that mines manage their assets and perform machine maintenance, Australia Mining managing editor Ben Creagh said on Wednesday. Creagh was speaking during a virtual... 

Covid has highlighted the value of operating remotely – mining editor
ifm Australia’s Freddie Coertze and Aditya Kunder.

Amplats' third-quarter PGMs output down 2% y/y

By: Simone Liedtke     22nd October 2020 By the end of the third quarter, platinum group metals (PGMs) mining company Anglo American Platinum's (Amplats') own-managed operations reached 94% of normal capacity. The Mogalakwena, Unki and Motolo operations delivered strong performances, with output up by 12%, 9% and 6%, respectively, for... 

Redemption of $450m convertible bonds completed − Sibanye

By: Simone Liedtke     21st October 2020 About $383-million of the outstanding $383.8-million in outstanding bonds have been converted by bondholders of JSE- and NYSE-listed Sibanye-Stillwater’s wholly owned subsidiary Sibanye Gold, which in September exercised its option to redeem all outstanding bonds. Sibanye Gold had exercised its... 

Sustainable shipping possible through platinum, fuel cells − WPIC

By: Simone Liedtke     21st October 2020 Shipping, which is vital to the global economy, is responsible for about 2.5% of the world’s total greenhouse-gas (GHG) emissions as it is reliant on fossil fuels for power to transport about 90% of all freight goods transported by sea. Like other forms of transport, the maritime sector has... 

Platinum well positioned in hydrogen economy’s sweet spots – WPIC  

By: Martin Creamer     21st October 2020 The upcoming platinum demand of Hyundai alone could come close to taking up the total annual production of one of South Africa’s biggest platinum mines. Hyundai has stated categorically, in a double-page advertisement in The Economist of London, that it will be making 700 000 fuel cell stacks a... 

Platinum well positioned in hydrogen economy’s sweet spots – WPIC
World Platinum Investment Council research director Trevor Raymond interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

South Africa is well positioned to export green hydrogen ­– PwC  

By: Martin Creamer     19th October 2020 South Africa is in an extraordinary position to revolutionise its own economy and supply green hydrogen to the world, PwC said on Monday. “The energy transition is and will be biggest global theme this decade,” PwC associate director James Mackay told journalists at a virtual event covered by... 

South Africa is well positioned to export green hydrogen ­– PwC
PwC Hydrogen Report 2020 covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Hydrogen fast-tracking will be much quicker than imagined – Sibanye-Stillwater  

By: Martin Creamer     19th October 2020 The fast-tracking of the hydrogen economy will be much quicker than most people have imagined, Sibanye-Stillwater CEO Neal Froneman said at the Financial Times (FT) Commodities Mining Summit, where he was part of a panel that included Anglo American Platinum CEO Natasha Viljoen and South32 CEO... 

Hydrogen fast-tracking will be much quicker than imagined – Sibanye-Stillwater
Financial Times Commodities Mining Summit covered by Mining Weekly’s Martin Creamer.

Coal mine disposal exacerbating carbon emissions problem – Glencore  

By: Martin Creamer     16th October 2020 The disposal of thermal coal mines in response to environmental, social and governance (ESG) investors is not lowering carbon dioxide (CO2) emissions but exacerbating the problem, Glencore CEO Ivan Glasenberg pointed out on Friday. Questioned by Financial Times (FT) natural resources editor Neil... 

Coal mine disposal exacerbating carbon emissions problem – Glencore
Financial Times Commodities Mining Summit covered by Mining Weekly’s Martin Creamer.

Delaware Supreme Court affirms Sibanye deal price decision

By: Simone Liedtke     16th October 2020 The Delaware Supreme Court has affirmed the favourable decision by the Delaware Court of Chancery regarding dual-listed Sibanye-Stillwater’s decision to uphold the price of its acquisition of Stillwater Mining Company. The action was brought by a group of dissenting Stillwater shareholders,... 

PTM completes share sale to major shareholder

By: Simone Liedtke     16th October 2020 TSX- and NYSE-listed Platinum Group Metals (PTM) has closed the private placement to existing major beneficial shareholder Hosken Consolidated Investments (HCI) through its subsidiary Deepkloof. Closing of the private placement raised gross proceeds of $2.5-million for PTM and allows HCI to... 

Mining committed to doing all it takes to improve worker health – Matlala 

By: Martin Creamer     15th October 2020 Minerals Council South Africa VP and Masoyise Health Programme chairperson Zanele Matlala on Thursday committed the South African mining industry to doing all it takes to ensure that employee lives are saved and health is improved. Speaking at a global virtual health seminar to reprioritise... 

Mining committed to doing all it takes to improve worker health – Matlala
Photo by Creamer Media
Minerals Council South Africa VP and Masoyise Health Programme chairperson Zanele Matlala

BlackRock lifts stake in Sibanye-Stillwater to 5%

By: Donna Slater     15th October 2020 Precious metals miner Sibanye-Stillwater has been advised that one of its top ten investors, BlackRock Incorporated, has increased its shareholding in the company to 5%. Prior to this, BlackRock was the sixth biggest investor in Sibanye, with a 3.57% stake. The new shareholder position elevates... 

Northam buys back a further 37m Zambezi preference shares

By: Donna Slater     15th October 2020 Platinum group metals miner Northam has acquired an additional 37.17-million preference shares in Zambezi Platinum for about R3.5-billion, taking Northam’s preference share holding in Zambezi to about 70%. The Zambezi acquisitions have been fully funded through Northam’s internal cash resources.  

Hydrogen-linked Platinum Valley Corridor Project under way – Nzimande 

By: Martin Creamer     15th October 2020 A Platinum Valley Corridor Project being developed as part of South Africa’s economic recovery was outlined by Higher Education, Science and Innovation Minister Dr Blade Nzimande on Wednesday. Taking part in the third Hydrogen Energy Ministerial meeting held virtually, Nzimande described the... 

Hydrogen-linked Platinum Valley Corridor Project under way – Nzimande
Photo by Creamer Media
Higher Education, Science and Innovation Minister Dr Blade Nzimande

Northam weighs buyout of black investors’ $1.8bn stake

By: Bloomberg     14th October 2020 Northam Platinum is considering buying out some of its biggest shareholders to curb future liabilities, boosting the wealth of three of South Africa’s most prominent Black businessmen, according to people familiar with the matter. If implemented, the acquisition will benefit Lazarus Zim, Sipho... 

Royal Mint adds another platinum bullion coin to Queen’s Beasts series

By: Marleny Arnoldi     14th October 2020 The UK Royal Mint has expanded its Queen’s Beasts coin series with the debut of the 2021 White Lion of Mortimer. The 1 oz platinum bullion coin brings the total number of platinum coins in the series to eight, with a further two in the Royal Mint’s pipeline.  

Royal Mint adds another platinum bullion coin to Queen’s Beasts series
2021 White Lion of Mortimer platinum bullion coin

Southern Africa’s green hydrogen buy-in exceeding expectations – Sacreee  

By: Martin Creamer     14th October 2020 Southern Africa’s buy-in into the green hydrogen economy concept is exceeding expectations, Southern African Development Community (SADC) Centre for Renewable Energy & Energy Efficiency (Sacreee) executive director Kudakwashe Ndhlukula said on Tuesday. Green hydrogen is a clean form of hydrogen... 

Southern Africa’s green hydrogen buy-in exceeding expectations – Sacreee
Sacreee executive director Kudakwashe Ndhlukula discusses green hydrogen with Mining Weekly’s Martin Creamer.

Jubilee delivers record production in the third quarter

By: Simone Liedtke     12th October 2020 Aim- and AltX-listed Jubilee Metals delivered both a record production and financial performance in the third quarter, ended March 31, with the company having achieved its highest quarterly platinum-group metals (PGMs) production, to date, of 15 044 oz. The record PGM production is supported by... 

GCR upgrades Northam's credit rating

By: Simone Liedtke     9th October 2020 Credit rating agency Global Credit Rating (GCR) has upgraded platinum group metals mining company Northam Platinum’s national scale long-term credit rating to A(ZA), from a previous rating of A-(ZA) and its short-term credit rating to A1(ZA), from the previous rating of A2(ZA), with a stable... 

Exploration strategy, flow through share scheme, Sedibelo Platinum make headlines  

9th October 2020 Mining Weekly Editor Martin Creamer unpacks the DMRE's exploration strategy, South Africa needing a flow-through share scheme and Sedibelo Platinum mines close to listing.   

Exploration strategy, flow through share scheme, Sedibelo Platinum make headlines
Exploration strategy, flow through share scheme, Sedibelo Platinum make headlines

PTM to raise $2.5m for Waterberg project development, other costs 

By: Simone Liedtke     9th October 2020 Dual-listed Platinum Group Metals (PTM) intends to sell over 1.1-million common shares of the company to a major beneficial shareholder, Hosken Consolidated Investments (HCI), at $2.18 a share, to raise gross proceeds of $2.5-million. The company intends to use the proceeds of the private... 

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