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Platinum Group Metals News

AMCU says wage deal agreed with Amplats

By: Bloomberg     Updated 4 hours ago Anglo American Platinum Ltd., the world’s biggest platinum miner by market value, has agreed to a new five-year wage deal, according to the Association of Mineworkers and Construction Union. The pivotal deal with the unit of Anglo American Plc could be signed this week and would be effective from... 

Dwyka gets its clients’ hands on technology to showcase capability

By: Donna Slater     24th May 2022 In its endeavours to “make tech tangible”, mining technology company Dwyka Mining Services hosted a mining technology showcase on May 18 to gets clients’ and potential future clients’ physical hands on technology to help them understand its capability and potential. Dwyka MD Jamie van Schoor... 

An image of a drone and operator
Dwyka Mining Services MD Jamie van Schoor with a DJI Matrice drone and Hovermap payload at Dwyka's Midrand offices

Sevenfold increase in yearly clean hydrogen needed to hit 2050 net-zero target 

By: Martin Creamer     23rd May 2022 Annual production of clean hydrogen would need to increase more than sevenfold for the world to hit net zero in 2050, say the leading founders of McKinsey & Company’s platform for climate technologies, Bernd Heid of Cologne, Martin Linder of Munich, and Mark Patel of San Francisco, who add that... 

AdobeStock solar pic
South Africa's sun and wind can contribute to crucial job creation.

Implats buys more RBPlat shares

By: Tasneem Bulbulia     23rd May 2022 JSE-listed Impala Platinum (Implats) has acquired further shares in Royal Bafokeng Platinum (RBPlat). The company has concluded agreements to acquire a further 604 604 RBPlat shares, constituting about 0.21% of the RBPlat shares in issue. 

Nornickel cuts estimate of 2022 global palladium deficit

By: Reuters     23rd May 2022 Russia's Nornickel expects a global palladium market deficit at 100 000 troy ounces and a global nickel market surplus of 37 000 t in 2022, it said on Monday, downgrading both estimates from its February forecast. Western sanctions imposed on Moscow after it sent tens of thousands of troops into... 

Metals traders ‘self sanction’ key Russian palladium, disrupting markets

By: Bloomberg     23rd May 2022 A reluctance by precious-metals traders to handle Russian-produced palladium is creating an unusual and persistent dislocation between the world’s two main markets. In the European hubs of London and Zurich, traders can select the origin of metal they receive, while those taking delivery of a New... 

Metals traders ‘self sanction’ key Russian palladium, disrupting markets

SAIMM positioning industry for next-gen metals with upcoming PGMs conference

By: Simone Liedtke     23rd May 2022 In positioning itself for the next generation of precious metals - such as palladium, rhodium, iridium, and others - which fulfill catalytic roles, the eighth iteration of the Southern African Institute of Mining and Metallurgy’s (SAIMM’s) Platinum-Group Metals (PGMs) Conference is looking to... 

Pic of PGMs Conference chairperson Gary Lane
PGMs Conference chairperson Gary Lane

Tharisa expects interim EPS boost from acquisition, but lower HEPS

By: Marleny Arnoldi     20th May 2022 Chrome and platinum group metals miner Tharisa expects to report a 50% increase in earnings per share (EPS) for the six months ended March 31, at between $0.32 and $0.33. This compares with EPS of $0.21 posted in the prior corresponding six months.  

Platinum jewellery continuing to drive 25% of platinum demand  

By: Martin Creamer     20th May 2022 Several reports published during Platinum Week indicate that in 2021, platinum jewellery consumed anywhere between 1.6-million ounces to two-million ounces of platinum, which makes it still the second demand source after automotive, coming in at around 25% of total platinum demand. Positive... 

Picture supplied.
Platinum Guild International CEO Huw Daniel interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Eastplats moves to secure funding for underground mining restart at CRM

By: Marleny Arnoldi     20th May 2022 TSX- and JSE-listed Eastern Platinum has filed a technical report on the Crocodile River Mine (CRM), in South Africa’s North West province, stipulating the restart of underground mining at the Zandfontein section of the mine. The Zandfontein section, which has a measured and indicated resource... 

Eastplats' Crocodile River Mine
Eastplats' Crocodile River Mine

Sibanye-Stillwater receives SA Innovation League award

By: Schalk Burger     20th May 2022 Precious and battery metals miner Sibanye-Stillwater has achieved second place in innovation consultancy Innocentrix’s 2021/22 South African Innovation League awards in the large organisations category. Sibanye’s innovation strategy is focused primarily on creating a diverse and inclusive... 

CSIR, Sibanye-Stillwater, Southern Palladium make headlines   

20th May 2022 Mining Weekly Editor Martin Creamer discusses CSIR CEO Thulani Dlamini's belief that collaboration in research, development and innovation is needed to make South African mining competitive; Sibanye-Stillwater’s Marikana K4 project which has just hoisted its first tons; and Southern Palladium's... 

Photo of Martin Creamer
CSIR, Sibanye-Stillwater, Southern Palladium make headlines

Critical mineral demand of order of magnitude never seen – Sheila Khama  

By: Martin Creamer     19th May 2022 "My genuine sense is that we are going to see a growth in the mining sector of an order of magnitude we haven't seen. I also think that we're going to find that the need for minerals is going to force the world to think that if we can't get minerals on our shore, where else do we get them from? 

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Mining stalwart Sheila Khama spoke to Mining Weekly’s Martin Creamer on critical metals. Video: Darlene Creamer.

South African PGMs explorer raises $19m in IPO ahead of listing on ASX, JSE

By: Chanel de Bruyn     19th May 2022 South Africa-based minerals explorer Southern Palladium, which is focused on platinum group metals (PGM) and which is headed up by MD Johan Odendaal and chairperson Terence Goodlace, has raised $19-million in an initial public offering (IPO) ahead of its listing on the ASX. The company, which has... 

A map indicating the location of the Benwenyama project

Europe gives another lofty boost to green hydrogen, electrolyser targets

By: Martin Creamer     19th May 2022 The European Commission this week took firm steps to again boost green hydrogen production and electrolyser manufacture amid sharply rising consumption targets. The commission’s latest RePowerEU proposals include the raising of its 2030 renewable hydrogen consumption targets for industry to 75%,... 

Picture from archive.
Renewable hydrogen consumption targets elevated.

Tharisa’s acquisition of Karo considered to be fair to shareholders

By: Darren Parker     18th May 2022 JSE-listed integrated resource group Tharisa’s acquisition of a controlling interest in platinum group metals (PGMs) miner Karo Mining Holdings, which was announced on March 31, has been ruled fair insofar as the shareholders of Tharisa are concerned. The group announced on May 18 that the... 

Collaboration needed to make South African mining globally competitive again – CSIR 

By: Martin Creamer     18th May 2022 Concern about mineral resource scarcity is widespread and, at the same time, many countries, such as Australia, Canada and China, are investing significantly in strengthening their mining-related research, development and innovation (RDI) capabilities. “This makes cost and differentiation... 

Picture supplied.
CSIR CEO Dr Thulani Dlamini

PGI’s latest jewellery review shows continued demand for premium platinum products

By: Darren Parker     17th May 2022 Market development organisation Platinum Guild International (PGI) has released its latest Platinum Jewellery Business Review (PJBR), in which it highlighted platinum’s prestigious image among jewellery retailers across the globe and their customers. “Platinum’s unique qualities continue to... 

a platinum ring

Law firm drawing on giga-scale hydrogen project experience to derisk new ventures  

By: Martin Creamer     17th May 2022 Lack of expertise about getting giga-scale hydrogen projects off the ground is a big problem in the industry, say Allen & Overy South Africa’s Alessandra Pardini and Alexandra Cluver, who believe they know how best it should be done from experience gained through project managing three of the... 

Pictures supplied
International law firm speaks to Mining Weekly’s Martin Creamer on giga-scale hydrogen projects. Video: Nicholas Boyd.

Johnson Matthey predicts smaller platinum surplus, palladium and rhodium deficits

By: Reuters     17th May 2022 A surplus in the platinum market should shrink this year and the palladium and rhodium markets are likely to move back into deficit, Johnson Matthey said in a report on Monday. The three metals are used in autocatalysts that reduce emissions from vehicle engines, with platinum also used in other... 

SARB takes control of small lender Ubank

By: Reuters     16th May 2022 South Africa's central bank said on Monday it had placed Ubank, a small South African lender primarily offering financial services to families of gold and platinum miners, under a curatorship with immediate effect. South African Reserve Bank Governor Lesetja Kganyago said in the last two years... 

Sibanye-Stillwater hoists first tons from R4bn 4 000-job K4 platinum project 

By: Martin Creamer     16th May 2022 The first tons have been hoisted at Marikana K4, Sibanye-Stillwater’s high-return resumed platinum group metals  (PGM) project, which was largely predeveloped and equipped when acquired from the now defunct Lonmin in 2019. “The K4 project is an unrivalled, top-tier project in the PGM industry,... 

Picture supplied.
The K4 headgear of the new platinum group metals shaft.

South Africa’s high-flying Jubilee creating 800 mostly long-term jobs in Zambia 

By: Martin Creamer     16th May 2022 Diversified metal recovery business Jubilee, which is rolling out an investment of R786-million in South Africa and Zambia, has offered employment and contractor opportunities to more than 800 people in Zambia, the most of which are long term, the company stated in a release on Monday. In Zambia,... 

Screenshot of website image and enhancement
Copper and cobalt in Zambia and platinum group metals and chrome in South Africa.

Things looking interesting for platinum despite surplus  

By: Martin Creamer     16th May 2022 What the World Platinum Investment Council (WPIC) is forecasting for 2022 is a reduced but still large platinum surplus of 627 000 oz. But this surplus is extremely vulnerable to the issues the WPIC thinks may play out, particularly: 

Picture supplied
World Platinum Investment Council Research Director interviewed by Mining Weekly's Martin Creamer. Video Darlene Creamer.

Eastplats records strong first quarter

By: Tasneem Bulbulia     13th May 2022 Dual-listed Eastern Platinum’s (Eastplats) revenue for the three months ended March 31 increased by 4.3% year-on-year to $17.4-million. The increase in revenue was primarily owing to an increase in platinum group metal (PGM) sales for the period. 

Webinars provide free practical knowledge for engineers

By: Tracy Hancock     13th May 2022 There is a growing need to bridge the gap between theory and practice in the minerals processing sector, with metallurgical engineering graduates quickly realising their lack of practical experience once they enter the workforce. By attending the free online training workshops offered by... 

A stock image of a person using a tablet to participate in a video call/meeting
HOLISTIC APPROACH Collaborating with other industry stakeholders provides participants of Multotec’s online training sessions with a better overview of minerals processing

Mining production down 9.3% y/y in March

By: Creamer Media Reporter      12th May 2022 South Africa's mining production decreased by 9.3% year-on-year in March, with the largest negative contributors being gold, iron-ore, manganese ore and platinum group metals. Diamond production, which increased by 44.3% year-on-year, made a significant positive contribution to the overall figure. 

Jogmec reiterates support to finalise funding for Waterberg project

By: Marleny Arnoldi     12th May 2022 Canadian miner Platinum Group Metals (PTM) has signed a memorandum of understanding (MoU) with fellow shareholder in the Waterberg palladium project – Japan Oil, Gas and Metals National Corporation (Jogmec) – to accelerate financing opportunities for the project. During a meeting on the sidelines... 

Minimum of 14 000 jobs a year from South Africa’s first hydrogen corridor 

By: Martin Creamer     11th May 2022 South Africa’s first hydrogen corridor now under development has the potential to generate a minimum of 14 000 jobs, $400-million in gross domestic product and $900-million in taxes a year by 2050. In an addition, there is potential to grow platinum group metal (PGM) demand by between 1% to 2%... 

Creamer Media picture.
Photo by Creamer Media
Minerals Council hydrogen briefing from left Allan Seccombe, Roger Baxter and Fahmida Smith.

Minerals Council spells out members’ commitment to climate change mitigation 

By: Martin Creamer     11th May 2022 Members of Minerals Council South Africa have agreed to commit to a climate change response strategy that will reduce Scope 1 and Scope 2 emissions and achieve a net zero emission by 2050 or earlier. Minerals Council South Africa senior health and environment executive Nikisi Lesufi on Tuesday... 

Creamer Media picture
Photo by Creamer Media
Minerals Council South Africa senior health and environment executive Nikisi Lesufi, closest right, with Minerals Council's Allan Seccombe, left.

South Africa keen to harness hydrogen economy opportunities, President Ramaphosa tells Indaba 

By: Martin Creamer     10th May 2022 It was just amazing to see the innovation that the mining industry is capable of scaling up, President Cyril Ramaphosa told the Investing in African Mining Indaba in his enthusiastic address on Tuesday. “Last week, I attended the launch by Anglo American of the world’s largest hydrogen-powered... 

Creamer Media picture taken of screen
Photo by Creamer Media
President Cyril Ramaphosa at the Investing in African Mining Indaba.

Sibanye bides time on battery metals push as asset prices soar

By: Bloomberg     10th May 2022 Sibanye Stillwater CEO Neal Froneman plans to resume battery-metals acquisitions within two to three years, once inflated asset valuations come down. The veteran dealmaker wants to make the metals that are key to powering the electric-vehicle revolution a third pillar of Sibanye’s operations,... 

Sibanye CEO Neal Froneman
Sibanye CEO Neal Froneman

South Africa has significant implementation crisis – Minerals Council 

By: Martin Creamer     9th May 2022 South Africa has a significant implementation crisis. A number of government departments and parastatals were hollowed out. Capacity is a significant issue in almost every parastatal – water authorities, Eskom, Transnet and across the board. “We’re not rushing in to take over activities because... 

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Minerals Council South Africa CEO Roger Baxter.

Open letter to Mantashe bemoans lack of SLP enforcement

By: Darren Parker     9th May 2022 In an open letter to Mineral Resources and Energy Minister Gwede Mantashe, the Sekhukhune Combined Mining-Affected Communities (SCMAC), the Centre for Applied Legal Studies (CALS) and Amnesty International South Africa (AISA) raised concerns about the Department of Mineral Resources and Energy’s... 

Mineral Resources and Energy Minister Gwede Mantashe
Photo by Creamer Media
Mineral Resources and Energy Minister Gwede Mantashe

Ivanhoe advances underground mine development at Platreef

By: Marleny Arnoldi     9th May 2022 TSX-listed Ivanhoe Mines has announced the completion of the Shaft 1 production changeover at the company’s Platreef platinum group metals (PGMs) and copper project in South Africa’s Bushveld Complex. Shaft 1 will serve at Platreef’s initial production shaft and is about 450 m from the first... 

Energy transition presents opportunity to build inclusive ecosystem – Wanblad 

By: Martin Creamer     9th May 2022 The energy transition currently under way presents a fresh opportunity for South Africa to build a clean and inclusive energy ecosystem that can create new and significant economic opportunities for the African continent. This continent, with its vast natural reserves of abundant sun and wind,... 

Picture supplied.
New Anglo American CE Duncan Wanblad

Sylvania to buy back up to $8.5m of its own shares

By: Darren Parker     9th May 2022 Aim-listed Sylvania Platinum has announced a programme to buy back up to $8.5-million of its ordinary shares in issue. The purpose of the share buyback is to reduce the share capital of the company. 

Britain to increase tariffs on Russian platinum, palladium in new sanctions

By: Reuters     9th May 2022 Britain announced on Sunday it will increase tariffs on platinum and palladium imports from Russia and Belarus in a new package of sanctions targeting £1.7-billion ($2.10-billion) of trade, which it said aimed to further weaken Russian President Vladimir Putin's war machine. Import tariffs on a... 

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