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Platinum Group Metals News

S Africa well positioned in green economy shift

By: Theresa Bhowan     Updated 5 hours ago With the global drive towards the green economy, law firm Beech Veltman tells Mining Weekly that South Africa is ideally positioned to benefit from this global trend. Owing to its having access to renewable energies and platinum-group metals (PGMs), South Africa can become an exporter of... 

Hydrogen at forefront of SA’s RDI horizon

By: Theresa Bhowan     Updated 5 hours ago Given the commercial potential of hydride-based hydrogen solutions, research development and innovation (RDI) programme Hydrogen South Africa (HySA) Systems tells Mining Weekly that, within the next five to seven years, it will be feasible for South Africa to realistically develop the necessary... 

Two fuel cell batteries on a white table
HIGH TECH Fuel cells can be applied wherever electricity is required

Queen’s Virtues coin series now features platinum

By: Marleny Arnoldi     16th September 2021 The Treasury of St Helena and The East India Company have added platinum to its St Helena Queen’s Virtues Series of coins. To provide choice for investors, the companies have included three sizes – 1 oz, 0.5 oz and 0.10 oz – in the 2021 Queen’s Virtues Victory coin range.  

St Helena's platinum Queen's Virtues Victory coin
Treasury of St Helena's platinum Queen's Virtues Victory coin

PGMs are being hammered by the chip shortage

By: Bloomberg     16th September 2021 The shortage of semiconductors is clobbering the price of platinum-group metals as investors brace for a long-lasting hit to car production. Platinum and its sister metals palladium and rhodium – used in pollution-cutting catalytic converters – have all suffered sharp drops in recent weeks as... 

Resources Watch  

15th September 2021 This week: Platinum demand strengthening; Shut Nkomati Nickel has good-grade, long-life underground potential; and, Botswana copper miner Khoemacau giving attention to ESG silver lining 

Resources Watch image
Resources Watch

Mining companies launch International Mining Safety Hub to help reduce fatalities 

By: Creamer Media Reporter      15th September 2021 Various large mining companies have joined hands to launch the International Mining Safety (IMS) Hub – an online hub of industry-endorsed visual safety tools that allow for greater learning opportunities and improved safety for all levels of employees. "This is a collaboration by industry, for... 

A photo of a mineworker in a South African underground mine

Mining production up 10.3% y/y in July

By: Donna Slater     14th September 2021 Statistics South Africa (Stats SA) reports that production from South Africa’s mining industry increased by 10.3% year-on-year in July, with the largest contributors being the production of iron-ore, which was up by 42.9%, contributing 3.9 percentage points to the overall tally. Platinum group... 

South Africa’s junior mining dearth result of unintended consequence – AmaranthCX  

By: Martin Creamer     14th September 2021 South Africa’s junior mining dearth is a result of savings no longer flowing through to primary capital raising and stock exchange listings, as the Jacobs Committee expected them to do. The unintended consequence is that there are no longer small investors for small companies. This has negatively... 

Creamer Media screenshot of AmaranthCX director Paul Miller taken during Zoom interview.
AmaranthCX director Paul Miller interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Mining industry lost 23 000 jobs between 2012 and 2019 – Stats SA

By: Tasneem Bulbulia     14th September 2021 About 23 000 jobs were lost in the mining sector between 2012 and 2019, a mining industry report compiled by Statistics South Africa (Stats SA) shows. The biggest losses in jobs were recorded in the mining of gold at 42 000 and platinum group metals (PGMs) at 8 000, Stats SA said in a September... 

National collaboration essential to win share of green hydrogen market, say debaters  

By: Martin Creamer     13th September 2021 South Africa’s early mover advantage in green hydrogen would fade and become ineffective over time without a collaborative, collective and holistic national approach that assures the export of green hydrogen over and above its domestic use. That was the strong message that came across in the... 

Screenshot taken by Creamer Media during debate on green hydrogen.
Hydrogen Economy Discussion covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Broadening ESG has provided clear paths to economic benefit – Sibanye-Stillwater  

By: Martin Creamer     10th September 2021 Sustainability is not a function of compliance but rather a strategic imperative to change the role that mining plays in society and in economies, says Sibanye-Stillwater senior vice-president and head of sustainability Loyiso Ndlovu. “We do this by sticking to the knitting in being miners, and... 

Sibanye Investor Day 2021
Sibanye-Stillwater Investor Day covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Palladium plunges to 12-month low on automaker-demand concerns

By: Bloomberg     10th September 2021 Spot palladium dropped to the lowest in more than a year, extending a slump in the metal amid concern over demand from automakers and prospects for substitution after a price-run-up earlier this year. Palladium, which reached a record high earlier in May, fell for a fourth straight day to the... 

Palladium plunges to 12-month low on automaker-demand concerns

By: Bloomberg     10th September 2021 Spot palladium dropped to the lowest in more than a year, extending a slump in the metal amid concern over demand from automakers and prospects for substitution after a price-run-up earlier this year. Palladium, which reached a record high earlier in May, fell for a fourth straight day to the... 

An image of a palladium bar

Platinum demand strengthening – WPIC  

By: Martin Creamer     9th September 2021 Platinum demand appears to be strengthening on increased loadings, particularly in China’s strong-selling heavy-duty vehicles, more substitution of palladium by platinum, and greater investor interest, particularly with platinum’s links to the hydrogen economy. That is an overall outlook summary... 

Pic of WpIC research head
Platinum demand strengthening – WPIC

Resources Watch  

8th September 2021 This week: Unique refinery concept enters first phase; Harmony planning further 73 MW of green electricity generation; And, Implats contributes R13bn in taxes, royalties to South African government 

Resources Watch image
Resources Watch

Fuel cell maker says China is an increasingly promising market for hydrogen

By: Marleny Arnoldi     8th September 2021 Hydrogen fuel cell maker Refire sees strong potential for fuel cell electric vehicle (FCEV) growth in China, particularly as the new energy vehicle (NEV) industry will expand under the country’s 2060 carbon neutral directive. According to China Association of Automobile Manufacturers (CAAM)... 

Fuel cell maker says China is an increasingly promising market for hydrogen

Shut Nkomati Nickel has good-grade, long-life underground potential – ARM  

By: Martin Creamer     8th September 2021 The large underground resource that remains at the shut Nkomati Nickel mine in Mpumalanga provides optionality depending on market conditions, says African Rainbow Minerals (ARM) CEO Mike Schmidt. The Nkomati mine, located near Machadodorp, has been on care-and-maintenance since March as the... 

Creamer Media screenshot of Mike Schmidt when he was presenting ARM's financial results in September 2021
African Rainbow Minerals CEO Mike Schmidt reports on Nkomati Nickel covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Platinum jewellery demand held up well in the second quarter 

By: Marleny Arnoldi     7th September 2021 The latest Platinum Jewellery Business Review, published by Platinum Guild International (PGI), shows that platinum jewellery remains resilient amid a still challenging situation in retail in most markets. Particularly, PGI reports that branded collections are doing well, despite headwinds from... 

Allan Gray lifts interest in Sibanye above 5%

By: Creamer Media Reporter      7th September 2021 Investment management company Allan Gray has, on behalf of its clients, increased its interest in precious metals miner Sibanye-Stillwater above 5%. Allan Gray now holds a 5.0020% interest in Sibanye, compared with the 4.9865% interest it previously held. 

Extractives sector moves to turn the tide on corruption

By: Creamer Media Reporter      7th September 2021 Governments, business and civil society are uniting in the fight against corruption in the extractives sector, demonstrating support and commitment for beneficial ownership transparency. The Extractive Industries Transparency Initiative (EITI) reports that anonymous ownership of companies can be... 

A photo of an openpit mining operation

Strength of high-flying ARM is its multiracial, multicultural character – Motsepe  

By: Martin Creamer     6th September 2021 The strength of South Africa, its businesses as well as African Rainbow Minerals (ARM) itself is its multiracial and multicultural character, which the country is privileged to have, ARM executive chairperson Dr Patrice Motsepe emphasised on Monday, when his JSE-listed company presented stellar... 

Screenshot of Dr Patric Motsepe taken from ARM website.
African Rainbow Minerals stellar financial results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Sylvania achieves full-year production target

By: Tasneem Bulbulia     6th September 2021 Aim-listed Sylvania Platinum recorded a strong performance for the financial year ended June 30, CEO Jaco Prinsloo said on September 6, noting that the Sylvania Dump Operations (SDO) had achieved its production target of 70 043 oz of four-element (4E) platinum group metals (PGMs). "With all... 

ARM earnings soar 136%, dividend up double plus

By: Martin Creamer     6th September 2021 The headline earnings of diversified mining company African Rainbow Minerals (ARM) soared 136% to a record R13-billion in the 12 months to June 30. The JSE-listed company, headed by executive chairperson Dr Patrice Motsepe, declared a final dividend of R20 a share, totalling R4 489-million. This... 

Creamer Media picture of the executive chairperson of African Rainbow Minerals.
Photo by Creamer Media
ARM executive chairperson Dr Patrice Motsepe

Implats studying three new projects as three approved projects get under way  

By: Martin Creamer     3rd September 2021 Platinum group metals mining and marketing company Implats is studying three new projects at the same time as three already approved projects get under way at a combined capital expenditure of close to R12-billion, Implats CEO Nico Muller has announced. During this week’s presentation of record... 

Picture of Implats CEO Nico Muller provided by Implats
Implats record financial results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Obscure precious metal takes centre stage for platinum giants

By: Bloomberg     3rd September 2021 The rise of rhodium, the world’s most expensive precious metal, has made it the No. 1 revenue stream of the biggest platinum miners. While the metal is well shy of its March peak, rhodium still accounted for 45% of Anglo American Platinum’s first-half revenues. That’s more than platinum and... 

Obscure precious metal takes centre stage for platinum giants

Nornickel to negotiate settlement with fishery agency

By: Mariaan Webb     3rd September 2021 Palladium and nickel producer Nornickel has agreed with Russia's Federal Agency for Fishery (Rosrybolovstvo) to negotiate a potential settlement in kind of the claim filed by the agency against a subsidiary of the company. Rosrybolovstvo is claiming 58.7-billion ruble, about R805-million, for... 

Nornickel to negotiate settlement with fishery agency

Implats, Harmony Gold make headlines   

3rd September 2021 Mining Weekly Editor Martin Creamer unpacks Implats' contribution of about R13-billion in taxes and royalties to government; Harmony Gold tackling decarbonization with a renewable rollout plan; and Harmony pushing forward with its Zaaiplaats project.   

Photo of Martin Creamer
Implats, Harmony Gold make headlines

PGMs create opportunity for Zim

By: Theresa Bhowan     3rd September 2021 Mining consultancy company the MSA Group says platinum group metals (PGMs) price recovery has benefited mining operations in Zimbabwe, in that the price recovery has been largely towards palladium rather than platinum, consequently resulting in renewed focus on the industry. Palladium has been... 

A graph depicting the comparison of platinum and palladium prices
BUMPY ROAD Palladium has been more valuable than platinum since 2018

Mining reform can alter bleak economic outlook

By: Theresa Bhowan     3rd September 2021 The short- to medium-term outlook for Zimbabwe’s mining and natural resources sector is bleak and can be mitigated only if urgent reforms – such as taking a hard stance against criminal activity and a general overhaul of the paper-based cadastre system – are undertaken, says Beech Veltman CEO... 

Black and white image of Warren Beech
WARREN BEECH If Zimbabwe is serious about being open for business, urgent reform is required

Adverse political climate affects mining

By: Theresa Bhowan     3rd September 2021 Despite Zimbabwe’s vast mineral wealth, including gold, platinum, chrome, coal, diamonds, nickel and lithium, the country is in an extremely fragile state, mining law firm Beech Veltman tells Mining Weekly. “Zimbabwe boasts not only a diverse range of over 40 minerals but also some of the world’s... 

Gold bars stacked on top of each other
SAFE HAVEN Gold prices have rallied and investment in gold mining assets has increased

Focus on South Africa’s critical PGMs supply role increasing – Implats 

By: Martin Creamer     2nd September 2021 The critical role South Africa plays in the supply of platinum group metals (PGMs) is gaining increasing focus, Implats said on Thursday. Following a period where South Africa’s relevance and the country’s importance tended to be discounted on the assumption that sourcing could be done from... 

Picture from Impats of Emma Townshend
Implats executive corporate affairs Emma Townshend

Implats contributes R13bn in taxes, royalties to South African government  

By: Martin Creamer     2nd September 2021 Platinum group metals (PGMs) mining and marketing company Implats has contributed about R13-billion in taxes and royalties to the South African government for the 12 months to June 30, Implats CFO Meroonisha Kerber said on Thursday. In total, the participation in value of the government,... 

Picture of Implats CFO  Meroonisha Kerber
Implats full-year results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Implats reports record financial results

By: Martin Creamer     2nd September 2021 Platinum group metals (PGMs) company Implats on Thursday reported record financial results for the 12 months to June 30, driven by higher volumes sold into a strong PGMs pricing environment. A final dividend of R12 a share was declared, bringing the total dividend for the full year ended June 30... 

Picture of Nico Muller, the CEO of Implats, a producer of PGMs
Implats CEO Nico Muller

Harmony planning further 73 MW of green electricity generation  

By: Martin Creamer     1st September 2021 Like everybody else, we’re on the verge of now starting to build our renewable energy plants. That is the latest news on the decarbonisation front from Harmony Gold CEO Peter Steenkamp, who spoke to Mining Weekly in a Zoom interview. (Also watch attached Creamer Media video.) 

Screenshot of Peter Steenkamp of Harmony during one-on-one Zoom interview
Harmony Gold CEO Peter Steenkamp interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Zimplats reports positive financial results despite challenging environment

By: Simone Liedtke     31st August 2021 Platinum-group metals (PGMs) miner Zimplats’ financial results for the year ended June 30 were positive, despite the challenging economic environment which has been exacerbated by the Covid-19 pandemic. The group’s main activity is the production of PGMs from its reserves and resources on the... 

Booysendal expansion plans well under way 

By: Donna Slater     31st August 2021 Mining and production expansion plans at platinum group metals miner Northam Platinum’s Booysendal mine are progressing on schedule, with the mine’s South mine (BCU and BCM mining modules) under construction and north aerial conveyor systems nearing completion. The... 

a picture of miners at the Booysendal South mine work on constructing a new decline shaft
Photo by Creamer Media's Donna Slater
Miners at the Booysendal South mine work on constructing a new decline shaft

PPM on track to reach gender equality target

By: Marleny Arnoldi     30th August 2021 In striving towards the mining industry’s transformational goals, 33% of Pilanesberg Platinum Mine’s (PPM’s) workforce are female, while 20% of its senior management team are women. In a release celebrating women’s month, PPM says it established a Women in Mining (WIM) Committee in 2018 to... 

PPM WIM representative Relebohile Nkuna
PPM WIM representative Relebohile Nkuna

IDC, RBM, Sibanye make headlines  

27th August 2021 Mining Weekly Editor Martin Creamer unpacks the Industrial Development Corporation deliberating the introduction of a fund to underpin exploration in South Africa; Richards Bay Minerals enforcing the external auditing of community trust funds; and Sibanye-Stillwater’s record financial performance... 

Photo of Martin Creamer
Mining Weekly Editor Martin Creamer unpacks news around IDC, RBM and Sibanye-Stillwater (Camera & editing: Darlene Creamer)
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