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Platinum Group Metals News

Fuel cell electric vehicles set to make strong entry – visiting experts  

By: Martin Creamer     15th July 2019 There is simply no doubt that fuel cell electric vehicles (FCEVs), which use platinum group metal catalysts, will make a very strong global entry in the next decade, global experts said on Monday. Speaking to Mining Weekly Online on the eve of Nedbank’s FCEV conference in Cape Town, Professor Dr... 

PGMs eyed to elevate battery tech to new heights 

By: Marleny Arnoldi     15th July 2019 JSE-listed Anglo American Platinum (Amplats) and TSX-listed Platinum Group Metals (PTM) have launched a joint venture, Lion Battery Technologies, to accelerate the development of next-generation battery technology using platinum and palladium. Lion has subsequently entered into an agreement with... 

PGMs eyed to elevate battery tech to new heights
Photo by Creamer Media's Dylan Slater
Amplats market development head Benny Oeyen

Jubilee completes Sable Zinc refinery acquisition

By: Nadine James     12th July 2019 Aim-listed metals processing company Jubilee Metals Group on Thursday confirmed the completion of its acquisition of the Sable Zinc Kabwe refinery, in Zambia. “I am delighted that we have successfully achieved all conditions precedent for the implementation of the Sable Zinc Kabwe acquisition,... 

Proactive maintenance saves mines reactive costs

By: Tracy Hancock     12th July 2019 US condition-based monitoring device supplier SpotSee is in the process of obtaining certification in Africa for its Wi-Fi radio, which enables its OpsWatch vibration monitoring system to stream condition-based data to central operations through a Web-hosted platform. The system can detect... 

Proactive maintenance saves mines reactive costs
DON’T BE REACTIVE Having measures in place to predict pending failures, enables mining companies to be proactive and stay ahead of problems instead of waiting to react and, as a result, spending capital to solve them

Cost savings crucial amid local industry decline

By: Jessica Oosthuizen     12th July 2019 The local mining industry declined by 10.8% in the first quarter of this year and the industry is on a huge cost-saving run, says bearings and power transmission products distributor Bearings International (BI) mining business development leader Shaun Combrinck. He tells Mining Weekly that BI is... 

Cost savings crucial amid local industry decline
EXTENDED COUPLING RANGE The Ringfeder-Henfel-Hernflex split flexible coupling is one of Bearings International’s new product offerings

Fuel cells presenting mining, manufacturing with compelling opportunity – Isondo 

By: Martin Creamer     11th July 2019 If South Africans make use of their superior sunlight and their prime wind, they can generate a lot of carbon-free electricity at a cost potentially cheaper than when Eskom burns coal and pollutes the air. That, in itself, is in line with the world’s decarbonisation demands. But there is more.... 

Fuel cells presenting mining, manufacturing with compelling opportunity – Isondo
Photo by Creamer Media's Dylan Slater
Isondo Precious Metals COO Dr Sakib Khan

Absa metal ETFs list on A2X

By: Marleny Arnoldi     11th July 2019 Three of financial services giant Absa Corporate and Investment Bank’s metal exchange-traded funds (ETFs) started trading on A2X Markets on Thursday. The listings of NewGold, NewPlat and NewPalladium on the A2X are in addition to their listings on the JSE and the Namibian Stock Exchange. 

PGM investment, carbon tax and lower cost electricity make headlines  

11th July 2019 This week Mining Weekly editor Martin Creamer unpacks the Mirai Creation fund, carbon tax and lower cost electricity.   

PGM investment, carbon tax and lower cost electricity make headlines
Mining Weekly Editor unpacks this week's Second Take headlines. (Camera & editing: Nicholas Boyd)

Platinum firms kick off wage talks

By: Reuters     10th July 2019 The world's top platinum miners kicked off talks with South Africa's unions on Tuesday in what is expected to be a tough round of wage talks, as a rise in profits is likely to provoke higher wage demands. The majority union in the platinum sector, the Association of Mineworkers and Construction... 

Exciting new stimulus for hydrogen power, fuel cells, platinum economy 

By: Martin Creamer     9th July 2019 The emerging world of hydrogen power, fuel cells, platinum and climate change mitigation received another stimulus on Tuesday with the announcement of new high-level investment backing for a fund that promotes technologies dependent on the high-performance characteristics of platinum group metals... 

Exciting new stimulus for hydrogen power, fuel cells, platinum economy
Photo by Creamer Media
AP Ventures managing partner Andrew Hinkly

Tharisa mine set for strong finish to 2019 financial year 

By: Marleny Arnoldi     9th July 2019 Platinum group metals and chrome miner Tharisa says an improvement in key production metrics has set its Tharisa mine up for a strong finish to the 2019 financial year. For the third quarter ended June 30, Tharisa achieved a 2% quarter-on-quarter improvement in reef tonnes mined and a 5.4%... 

Tharisa mine set for strong finish to 2019 financial year
Tharisa CEO Phoevos Pouroulis

Platinum giants bolster positions before wage talks begin

By: Bloomberg     8th July 2019 When the world’s biggest platinum miners sit down to hammer out a wage deal with one of South Africa’s most militant labor unions this week, they’ll hold two potentially winning cards in reserve: the cash and metal stockpiles to endure a strike. Those buffers may prove crucial as Anglo American... 

Implats to swing to full-year earnings

By: Simone Liedtke     8th July 2019 An improved rand platinum-group metals (PGMs) basket price and improved operational performances during the financial year ended June 30 are expected to result in platinum miner Impala Platinum (Implats) reporting basic and headline earnings a share for the period. This compared with the basic... 

Atlatsa shareholders to meet on ‘going private’ deal on Aug 2 

By: Nadine James     5th July 2019 Shareholders of Atlatsa Resources Corporation will, on August 2, vote on a special resolution to implement a transaction that will result in the company delisting from the JSE and TSX. The transaction, first announced in December 2018, involves a two-phase restructuring plan in terms of which... 

Strong fundamentals positioning miners to adapt to changing shareholder expectations

By: Simone Liedtke     5th July 2019 Despite the world’s top 40 miners consolidating their performance of the past several years, they are “not getting the credit for it”, according to consultancy PricewaterhouseCoopers’ (PwC’s) ‘Mine 2019: Resourcing the Future’ report, which provides key trends for the mining industry and PwC’s... 

Strong fundamentals positioning miners to adapt to changing shareholder expectations

Pallinghurst earmarks $1bn for battery, fuel cell materials 

By: Martin Creamer     3rd July 2019 Diversified investor Pallinghurst has entered the battery materials and energy storage revolution through the creation of a diversified battery raw materials platform. With the global electric vehicle and energy storage surge underpinned by government regulations and consumer demand for green... 

Pallinghurst earmarks $1bn for battery, fuel cell materials
Photo by Creamer Media
Arne Frandsen

South African platinum mine wage negotiations to start next week 

By: Bloomberg     2nd July 2019 South Africa’s largest platinum-mining labour union said it would meet the nation’s top three producers on successive days next week as it starts formal negotiations for a three-year wage deal. The Association of Mineworkers and Construction Union (AMCU) plans to meet Anglo American Platinum on... 

Platinum Group Metals closes private placement

By: Tasneem Bulbulia     1st July 2019 Dual-listed Platinum Group Metals (PTM) has closed a nonbrokered private placement with Hosken Consolidated Investments (HCI), an existing major shareholder of the company, for gross proceeds of $1.3-million. The company has issued an aggregate 1.11-million common shares to Deepkloof, a... 

Concerted effort needed to arrest decline in South Africa’s gold, platinum output – Dixon  

By: Nadine James     28th June 2019 Gold and platinum mines in South Africa exemplify the Albert Einstein quote on insanity, consulting engineer and industry expert Roger Dixon noted at an African Mining Network event on Thursday evening. He explained that the typical South African mine had to contend with increasing depths,... 

Concerted effort needed to arrest decline in South Africa’s gold, platinum output – Dixon
Roger Dixon

Platinum Valley SEZ, Kukama, Orion BFS make headlines  

28th June 2019 This week Mining Weekly editor Martin Creamer discusses the Platinum Valley Special Economic Zone, the Kukama shaft and Orion’s Bankable Feasibility Study.   

Platinum Valley SEZ, Kukama, Orion BFS make headlines
Platinum Valley SEZ, Kukama, Orion BFS make headlines

Indicator paste takes care of nuts and bolts in mining

By: Jessica Oosthuizen     28th June 2019 There is significant interest from the local mining community in bearings and accessories distributor Bearings International’s (BI’s) Dykem cross-check torque seal, and company sales at BI branches in mining areas are increasing monthly, says BI offer marketing manager Victor Strobel. The... 

Indicator paste  takes care of nuts  and bolts in mining
VICTOR STROBEL It is essential to be on the lookout for loose bolts and nuts when servicing equipment or carrying out routine maintenance to prioritise safety and reduce downtime

Lubricants company expects growth in mining segments

By: Jessica Oosthuizen     28th June 2019 Certain segments of the mining sector that have traditionally provided most of the impetus for players in the mining lubricants industry have declined significantly, but lubricants specialist FUCHS Lubricants South Africa (FUCHS SA) commercial sales manager Mitch Launspach says the company... 

Platinum giants resist pay demands after hitting price jackpot

By: Bloomberg     27th June 2019 The world’s biggest platinum producers face a dilemma: they’re reporting bumper profits just as they enter negotiations with labor unions over a three-year wage deal. That surge in earnings has been fueled by higher prices for palladium and rhodium, which are mined alongside platinum in South... 

Platinum giants resist pay demands after hitting price jackpot

Blyvoor to begin producing gold again from Q4 – Skeat 

By: Martin Creamer     27th June 2019 Gold mining is to resume at the old Blyvooruitzicht gold mine in the last quarter of this year, Blyvoor Gold executive chairperson Peter Skeat has told Mining Weekly Online. “We’ve worked very hard and we’re at the point of moving ahead. We’ve got cash, we’ve got no debt, and the employees and... 

Blyvoor to begin producing gold again from Q4 – Skeat
Photo by Creamer Media's Dylan Slater
From left Martin Creamer, Peter Skeat, Alan Smith and Richard Floyd.

‘Platinum Valley’ SEZ in three months – Patel 

By: Martin Creamer     26th June 2019 The legal entity for the Bojanala Platinum Valley Special Economic Zone (SEZ) in North West, which already has an investment pipeline in place, will be set up in the next three months, Trade and Industry Minister Ebrahim Patel promised on Tuesday evening. Fuel cell development is listed as the... 

‘Platinum Valley’ SEZ in three months – Patel
Photo by Creamer Media's Dylan Slater
Trade and Industry Minister Ebrahim Patel

Gen Mining and Sibanye ink definitive Marathon agreement

By: Mariaan Webb     26th June 2019 Exploration and development company Generation Mining (Gen Mining) has entered into a definitive agreement with gold and platinum miner Sibanye-Stillwater to earn a majority stake in the Marathon project, in northern Ontario, Canada. South Africa-headquartered Sibanye CEO Neal Froneman said on... 

Gen Mining and Sibanye ink definitive Marathon agreement
Sibanye CEO Neal Froneman

Northam to restart operations at Eland’s fully funded Kukama shaft  

By: Martin Creamer     26th June 2019 Platinum group metals mining and marketing company Northam Platinum on Wednesday announced the company’s decision to recommence operations in the new 2020 financial year at the Kukama shaft situated at the Eland mine complex in Brits. Total developmental capital expenditure is estimated at... 

Northam to restart operations at Eland’s fully funded Kukama shaft
Photo by Creamer Media
Northam CE Paul Dunne

PTM to raise $1.3m for Waterberg DFS 

By: Marleny Arnoldi     25th June 2019 TSX-listed Platinum Group Metals (PTM) on Tuesday announced its intention to raise $1.3-million in a private placement. The company will sell 1.1-million shares at a price of $1.17 apiece to Hosken Consolidated Investments, which already holds 20.05% of the company’s shares.  

Higher rand PGM basket price contributes to 80% jump in Amplats' interim headline earnings

By: Creamer Media Reporter      25th June 2019 Platinum group metals (PGMs) miner Anglo American Platinum (Amplats) expects its headline earnings for the six months ended June 30 to be 80%, or R2.69-billion, higher year-on-year, mainly as a result of an increase in the rand PGM basket price. The company had reported headline earnings of... 

Solidarity says court's ruling against AMCU agency fee at Lonmin is victory for workers

By: African News Agency      25th June 2019 Solidarity said in a statement on Thursday it was pleased that the courts had ruled against AMCU’s agency fee agreement with Lonmin at its Marikana operations. Solidarity said that a coalition between itself, UASA and the NUM succeeded to obtain an urgent interdict against AMCU’s agreement with... 

Ramaphosa's old union seeks South African platinum mine comeback 

By: Bloomberg     21st June 2019 The National Union of Mineworkers (NUM), which dominated organised labour across South Africa’s platinum belt until the massacre at Lonmin’s Marikana mine in 2012, is plotting a comeback. By the end of this year, the union wants to represent 30% of the more than 167 000 workers at the world’s... 

Real-time data playing bigger maintenance role

By: Tracy Hancock     21st June 2019 As the world gears up for the Fourth Industrial Revolution, African mines are embracing real-time information management systems to plug the gap left by the shortage of competent maintenance supervisors and mining equipment operators, Mining Equipment Manufacturers of South Africa CEO Ossie... 

Real-time data playing bigger maintenance role
Photo by Creamer Media
BIG DEAL The decision to buy a piece of equipment should always include maintenance elements

New platform answers call for condition based maintenance, asset optimisation

By: Tracy Hancock     21st June 2019 The immense pressure to achieve production targets occasionally means that maintenance practices are difficult to implement in the mining industry and are often time based. Therefore, mines are looking for solutions to improve maintenance management, says Finnish industrial machinery company... 

New platform answers  call for condition  based maintenance,  asset optimisation
ADVANCING MAINTENANCE Through Metso Metrics, mining companies can expect lower overall maintenance costs

SA mining adopting, driving 4IR as its transformation journey continues

By: Natasha Odendaal     21st June 2019 The mining industry in South Africa is continuing its transformation journey as it adjusts to the ever-increasing pace of the prevailing technological revolution, with the 100-plus-year-old industry, steeped in tradition and at times crisis, seeking out new ways of adapting to this era of change.... 

SA mining adopting, driving 4IR as its transformation journey continues

Wits researchers find more likely explanation for how platinum forms

By: Marleny Arnoldi     19th June 2019 The University of the Witwatersrand (Wits) has published research on platinum deposits in the Bushveld Complex, which stretches across South Africa’s Limpopo and North West provinces. The research, published in the Scientific Reports journal, states that most of the world’s economically viable... 

Wits researchers find more likely explanation for how platinum forms

PIC’s Sibanye stake rises above 10.7%

By: Tasneem Bulbulia     19th June 2019 The Public Investment Corporation’s (PIC’s) shareholding in precious metals miner Sibanye-Stillwater has increased to nearly 10.71%, from the previously held 9.89%. This follows the conversion of Lonmin shares, following the buyout of Lonmin by Sibanye. 

The biggest winner from a rise in precious metals

By: Bloomberg     19th June 2019 The world’s best-performing precious-metals stock is up almost 90% this year, and there are signs the rally could run even further. Impala Platinum Holdings has outpaced 87 global peers with a market value of at least $1-billion in 2019, data compiled by Bloomberg show. The South African miner... 

The biggest winner from a rise in precious metals

Innovative strategies boost platinum jewellery margin – PGI

By: Nadine James     14th June 2019 Platinum jewellery industries across key markets are becoming increasingly innovative to improve margins, Platinum Guild International’s (PGI’s) first quarter 2019 ‘Platinum Jewellery Business Review (PJBR)’ states. The PJBR, published on Friday, notes that India continues to be the fastest... 

Innovative strategies boost platinum jewellery margin – PGI
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