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Platinum Group Metals News

African interest in reclaimer chain

By: Tracy Hancock     10th July 2020 Southern African bearings and power transmission products distributor Bearings International (BI), a member of Hudaco Industries, is working closely with the manufacturers of the reclaimer chains in its product portfolio to penetrate the African market. BI product manager Frikkie Ras tells Mining... 

Mines focus on existing assets

By: Tracy Hancock     10th July 2020 Few of the capital projects planned for the development of new African mines will go ahead this year because of the Covid-19 pandemic and the resultant uncertainty, says project management, engineering and consulting company Wood’s mining and minerals business development manager for Europe, the... 

Mines focus on existing assets
GOLDEN OPPORTUNITY Wood has received requests from Ghana’s gold mines, owing to the high gold price

Minerals Council expresses deep sadness at loss of 28 colleagues to Covid  

By: Martin Creamer     9th July 2020 Minerals Council South Africa health head Dr Thuthula Balfour on Thursday expressed deep sadness at the loss of 28 colleagues to Covid-19 and stated that research was being conducted to understand what makes people particularly vulnerable to the pandemic and what can be done to prevent the... 

Minerals Council expresses deep sadness at loss of 28 colleagues to Covid
Minerals Council South Africa’s Covid-19 update covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Returning mineworkers, Covid-19 deaths, hydrogen roadmap make headlines  

9th July 2020 Mining Weekly Editor Martin Creamer unpacks foreign mineworkers returning to South Africa, platinum having the highest number of Covid-19 related deaths and government's hydrogen society roadmap.   

Returning mineworkers, Covid-19 deaths, hydrogen roadmap make headlines
Returning mineworkers, Covid-19 deaths, hydrogen roadmap make headlines

Tharisa revises production guidance downward, despite strong recovery in May, June

By: Marleny Arnoldi     9th July 2020 Considering Covid-19 lockdown restrictions in the second quarter of the year, JSE-listed chrome and platinum group metals (PGMs) miner Tharisa has revised downward its production guidance for the year ending September 30. The company now expects to produce between 130 000 oz and 135 000 oz of... 

South Africa’s July Ndlovu to chair World Coal Association 

By: Martin Creamer     9th July 2020 South Africa’s July Ndlovu has been appointed the chairperson of the World Coal Association (WCA), Mining Weekly can today report. Ndlovu, who heads Anglo American’s coal business in South Africa, takes up the position at a time when, in his words, “the role of responsible coal is front and... 

South Africa’s July Ndlovu to chair World Coal Association
Photo by World Coal Association
July Ndlovu and Michelle Manook.

Germany to become major source of platinum demand for fuel cell EVs, says WPIC

By: Marleny Arnoldi     8th July 2020 As much of Europe prepares for a rapid green energy transition as part of the region's Covid-19 recovery strategy, Germany, in particular, could be the gamechanger that makes widespread adoption of fuel cell electric vehicles (FCEVs) in Europe a reality, says the World Platinum Investment Council... 

Nornickel disputes $2bn Arctic damages estimate

By: Mariaan Webb     8th July 2020 Nornickel, the world's largest producer of palladium and high-grade nickel, said on Wednesday that it was committed to fully cover the cost of remediation of the environmental impact of the recent fuel spill in the Arctic, but that it disagreed with the amount that Russian watchdog... 

Nornickel disputes $2bn Arctic damages estimate

First 1 100 foreign mineworkers scheduled to cross back into South Africa 

By: Martin Creamer     8th July 2020 The first batch of 1 100 foreign mineworkers was scheduled to cross back into South Africa on Tuesday, Mining Weekly can report. This is part of a total of 12 500 gold and platinum workers returning from Mozambique, Lesotho and Eswatini, formerly Swaziland. 

First 1 100 foreign mineworkers scheduled to cross back into South Africa
Mineworkers being transported in response to Covid-19.

Resources Watch 

8th July 2020 This week: Covid kills 13 mineworkers, no foreigners back at work; Platinum group metals in pole position to benefit from global decarbonisation thrust; and, Intensive communication playing key role in curbing Covid at South Deep 

Resources Watch
Resources Watch

Covid death toll on mines rises to 21, positive cases at 3 119 

By: Martin Creamer     7th July 2020 The Covid-19 death toll in the mining industry has risen to 21, Minerals Council South Africa recorded on its website on Tuesday, with the number of Covid-positive cases totalling 3 119. Platinum mining, which employs the most people, continues to have the largest number of Covid deaths so far at... 

Covid death toll on mines rises to 21, positive cases at 3 119
Photo by MINERALS COUNCIL SOUTH AFRICA
Mining industry's Covid statistics.

South African govt initiates process of developing societal hydrogen roadmap  

By: Martin Creamer     7th July 2020 South Africa’s Department of Science and Innovation (DSI) has initiated a process, with other government and industry stakeholders, to develop a roadmap that will lead South Africa towards a hydrogen society, Mining Weekly can today report. The aim is to create a policy document that will inform... 

South African govt initiates process of developing societal hydrogen roadmap
South African government initiates development of societal hydrogen roadmap

Power Metal raises £1m to accelerate exploration

By: Schalk Burger     6th July 2020 Aim-listed metals exploration and development company Power Metal Resources has raised £1-million to accelerate exploration across its portfolio of projects and to commercialise select project interests. The funds raised will increase the available working capital (cash and listed financial... 

Minerals Council regrets delay of 2018 Mining Charter review 

By: Martin Creamer     6th July 2020 Minerals Council South Africa on Monday expressed regret that the finalisation of the review of the contested elements of the 2018 Mining Charter had been delayed following a judgement of the full bench of the High Court in Pretoria ordering that a number of other parties be joined to the action.... 

Minerals Council regrets delay of 2018 Mining Charter review
Photo by Creamer Media
Minerals Council South Africa.

Northam increases Zambezi preference share holdings to 40.71%

By: Tasneem Bulbulia     3rd July 2020 JSE-listed Northam has acquired an additional 11.72-million Zambezi Platinum preference shares for R959.7-million. Northam will now hold more than 65-million Zambezi preference shares, representing about 40.71% of all Zambezi preference shares in issue. 

IDC appoints Gert Gouws acting CFO

By: Donna Slater     3rd July 2020 The Industrial Development Corporation (IDC) has appointed Gert Gouws as its acting CFO for a period of three months while the process of appointing the permanent incumbent is being finalised. The IDC notes that the recruitment process is progressing well and is expected to be concluded soon.  

IDC appoints Gert Gouws acting CFO
Photo by Creamer Media
IDC acting CFO Gert Gouws

Covid kills 13 mineworkers, no foreigners back at work  

By: Martin Creamer     2nd July 2020 Thirteen mineworkers have now succumbed to the coronavirus, Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana said on Thursday. Of the 13 who have died, seven were employed in platinum mining in North West province, which has the most cases at 1 413... 

Covid kills 13 mineworkers, no foreigners back at work
Minerals Council South Africa Covid update covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Mining will need long-term strategies to survive new normal 

By: Simone Liedtke     2nd July 2020 For the mining industry to be successful post-Covid-19, the industry will require long-term strategies to deal with its challenges, which includes the pandemic. In a webinar hosted by the London Bullion Market Association (LBMA) on July 2, investment management firm Orion Resource Partners... 

Mining will need long-term strategies to survive new normal

Pandemic helps Russia tighten its grip on a key strategic metal

By: Bloomberg     2nd July 2020 As the coronavirus pandemic pummeled demand from key customers in the auto industry, Russia’s biggest mining company quietly tightened its grip on the palladium market. MMC Norilsk Nickel was already the No. 1 miner of the metal used in autocatalysts, but the crisis has allowed it to gain market... 

Pandemic helps Russia tighten its grip on a key strategic metal
A general view shows Russia's Arctic city of Norilsk. More than a quarter of the people living in and around the city work for Norilsk Nickel, which produces nickel and palladium.

PGMs, battery metals market potential, De Beers' R10m Covid-19 lab make headlines  

2nd July 2020 Mining Weekly Editor Martin Creamer unpacks platinum group metals being in a great position to benefit from the fast-growing global decarbonisation momentum, SA and the global battery metals market; and De Beer’s R10-million coronavirus testing lab.   

PGMs, battery metals market potential, De Beers' R10m Covid-19 lab make headlines
PGMs, battery metals market potential, De Beers' R10m Covid-19 lab make headlines

Hydrogen-powered aviation preparing for takeoff – study 

By: Martin Creamer     2nd July 2020 Hydrogen as an energy source will play a key role in transforming aviation into a zero-carbon/climate-neutral system over the next few decades, an independent study states in estimating that the first short-range hydrogen-powered demonstrator could be developed by 2028 if sufficient investments... 

Hydrogen-powered aviation preparing for takeoff – study
Strong steps being taken to clean up the skies by using hydrogen to power aircraft.

RBPlat opens 200-bed field hospital to support govt in fight against Covid-19 

By: Simone Liedtke     1st July 2020 Platinum group metals miner Royal Bafokeng Platinum (RBPlat), together with the North West Department of Health, has officially opened the 200-bed Royal Bafokeng Platinum Field Hospital, in Rustenburg, at a cost of about R10-million, to support government’s already overburdened resources in the... 

RBPlat opens 200-bed field hospital to support govt in fight against Covid-19

Eurasia Mining puts itself up for sale

By: Mariaan Webb     1st July 2020 London-listed Eurasia Mining, which operates platinum group metals (PGM) and gold mines in Russia, has started a formal sale process under the UK Takeover Code. UBS Investment Bank in London has been appointed its leading financial adviser to assist in a review of its strategic options. The... 

Covid-19 uncertainties giving precious metals a boost

By: Donna Slater     1st July 2020 Gold has maintained its safe haven status, with prices now having reached eight-year highs at about $1 800/oz on a fresh wave of Covid-19 infections that has been reported in parts of the US, the UK and China, integrated business enterprise Mitsubishi Corporation states. It notes in its '2020... 

Sylvania extends share buyback programme deadline to September

By: Simone Liedtke     1st July 2020 Aim-listed Sylvania Platinum has acquired 172 884 ordinary shares, which represents about 0.06% of the company’s issued share capital, between June 1, 2019, and June 30, this year. This relates to its planned buyback of over 1.6-million ordinary shares from all certificated non-UK shareholders... 

Resources Watch  

1st July 2020 This week: Ethiopia looking to bolster investment in resources, mining; And, Covid-19 is an important catalyst for hydrogen economy’s take-off 

Resources Watch
Resources Watch

Hydrogen to fuel giant mining trucks in green shift by Anglo 

By: Bloomberg     1st July 2020 Anglo American is advancing plans to convert its fleet of giant diesel-fueled mine trucks to hydrogen power as the company seeks to burnish its green credentials. More than 400 mine-haul trucks could be rebuilt to use hydrogen fuel, with a pilot project starting next year at Anglo American... 

Bullion platinum investment at an all-time high, says WPIC

By: Marleny Arnoldi     1st July 2020 The World Platinum Investment Council (WPIC) reports that sales of platinum bullion products – retail bars and coins – surged to record highs in the first quarter of the year, with purchases totalling 312 000 oz. Annualised, this represents a rate that is five times higher than that experienced... 

Platinum group metals in pole position to benefit from global decarbonisation thrust  

By: Martin Creamer     1st July 2020 Platinum group metals are in pole position to benefit from the fast-growing global decarbonisation momentum, Mining Weekly can today report. A multiplicity of global announcements are emerging daily that inextricably link platinum-catalysed hydrogen fuel cells as well as platinum-catalysed... 

Platinum group metals in pole position to benefit from global decarbonisation thrust
AP Ventures founding partner Kevin Eggers interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Eastplats settles with AlphaGlobal over outstanding claims

By: Marleny Arnoldi     26th June 2020 JSE- and TSX-listed Eastern Platinum (Eastplats) has reached a settlement agreement with AlphaGlobal Capital to dismiss all claims against Eastplats and its subsidiaries in exchange for shares. Eastplats will issue eight-million common shares of the company at a deemed subscription price of... 

SA Inc must act now to take ownership of battery metals value chain – Bushveld 

By: Martin Creamer     26th June 2020 Bold action is needed by South Africa Inc to take ownership of the significant potential share of the global battery metals market open to it, says Bushveld Minerals CEO Fortune Mojapelo. Speaking to Mining Weekly following this week’s presentation by the company of solid 2019 financial results... 

SA Inc must act now to take ownership of battery metals value chain – Bushveld
Wind and sun are producing clean electricity that vanadium flow batteries can store.

Lesotho opens more border posts for return of foreign mineworkers 

By: Martin Creamer     25th June 2020 Lesotho has opened up more border posts to speed up  the return to work of locked-down foreign mineworkers. As reported  by Mining Weekly last week, 12 000 mineworkers had one border post at their disposal on re-entering South Africa from Lesotho and the opening of more border posts was requested. 

Lesotho opens more border posts for return of foreign mineworkers
Minerals Council South Africa environment, health and legacies senior executive Nikisi Lesufi.

Anglo American calls for cooperative response in trying times 

By: Schalk Burger     25th June 2020 Diversified miner Anglo American CE Mark Cutifani has called for a society-wide response to the global Covid-19 crisis and says the miner is committed to global tax and the Extractive Industries Transparency Initiative (EITI). In its Tax and Economic Contribution report for the year ended... 

Anglo American calls for cooperative response in trying times
Anglo American CEO Mark Cutifani

China became second-largest platinum consumer in just three years

By: Marleny Arnoldi     25th June 2020 The World Platinum Investment Council (WPIC) says that, although platinum as an investment product in China is still a relative newcomer, it remains one with enormous potential. WPIC regional head for Asia Pacific Weibin Deng says China is the second-largest market for platinum consumption in... 

Six mineworkers die from Covid-19 – Minerals Council  

By: Martin Creamer     25th June 2020 Six mineworkers have succumbed to coronavirus since the start of the pandemic, Minerals Council South Africa said on Thursday. Back at work so far and screened daily are 272 770 mineworkers, on which 16 994 tests have been conducted, yielding 1 796 positive Covid cases and 666 recoveries,... 

Six mineworkers die from Covid-19 – Minerals Council
Minerals Council South Africa’s Covid update covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Infrastructure investment, China & the hydrogen economy make headlines  

25th June 2020 Mining Weekly Editor Martin Creamer unpacks the need for SA to invest more in productive infrastructure to boost the economy, China becoming a net importer of vanadium and how Covid-19 could be catalyst for the hydrogen economy to take off.   

Infrastructure investment, China & the hydrogen economy make headlines
Infrastructure investment, China & the hydrogen economy make headlines

Implats remains bullish about progress in a post-Covid-19 world 

By: Simone Liedtke     24th June 2020 South African miner Impala Platinum (Implats) expects to face increasing challenges to its medical preparedness and operational resilience as the Covid-19 pandemic progresses in the coming months. According to CEO Nico Muller, the benefit of experience gained by the team over the past few months,... 

Implats remains bullish about progress in a post-Covid-19 world
Photo by Creamer Media
CEO Nico Muller

Covid-19 is an important catalyst for hydrogen economy’s take-off – AP Ventures  

By: Martin Creamer     22nd June 2020 Despite being a global pandemic with hugely negative health consequences, Covid-19  is an important catalyst for the take-off of the hydrogen economy, in which platinum plays a fundamental role. “There’s an opportunity now to capitalise on a new wave on interest in hydrogen,” says AP Ventures LLP... 

Covid-19 is an important catalyst for hydrogen economy’s take-off – AP Ventures
AP Ventures founding partner Kevin Eggers speaks to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.
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