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Platinum Group Metals News

Ivanhoe Mines' Friedland taking 'hard look' at US projects

By: Reuters     Updated 3 hours ago Ivanhoe Mines founder Robert Friedland said on Monday he is taking a "hard look" at projects in the United States amid a global rush for green metals. US President-elect Joe Biden has indicated support boosting domestic production of metals used to make electric vehicles, solar panels and other... 

South African mining dealmaker plots M&A push before retirement

By: Bloomberg     19th January 2021 South African mining dealmaker Neal Froneman is considering retiring in two to three years time, but would first like to double the size of Sibanye-Stillwater. Froneman built Johannesburg-based Sibanye into a company with a market value of more than R182-billion ($11.9-billion) by buying gold,... 

South African mining dealmaker plots M&A push before retirement
Photo by Donna Slater
Neal Froneman

Want a fuel cell, you need platinum – analysts 

By: Martin Creamer     18th January 2021 If you want a fuel cell, you need platinum, is one of the multiplicity of points Bernstein investment company makes in a major work just released, which shows growing and ongoing demand for platinum group metals (PGMs) and provides ample reason why metals and mining matter more than ever. In the... 

Want a fuel cell, you need platinum – analysts
Photo by Bernstein
Predicted future PGM tons heading high.

Nornickel fund launches first Blockchain-tracked precious metal ETCs

By: Reuters     18th January 2021 A fund of Russia's Norilsk Nickel has launched Blockchain-tracked securities known as Exchange Traded Commodities (ETCs) which offer investors exposure to the spot prices of palladium, platinum, gold and silver without owning them. Nornickel, the world's largest producer of palladium, hopes to... 

Siyanda Bagatla Platinum Mine reports solid output expectation for 2021 financial year

By: Marleny Arnoldi     18th January 2021 Siyanda Bakgatla Platinum Mine (SBPM) CFO Imraan Osman says the Siyanda Bakgatla mine it acquired from Anglo American Platinum in 2018 has continued to exceed expectations. SBPM expects to produce 270 325 oz of platinum, palladium, rhodium and gold (4E) for the financial year ending February 28... 

Jubilee secures new investment

By: Marleny Arnoldi     15th January 2021 Aim- and AltX-listed Jubilee Metals has secured investment from two blue chip institutions, including one new to its share register. The company on January 15 announced a placing of new and existing ordinary shares representing 4.96% of the enlarged issued share capital of the company to meet... 

World’s biggest platinum miner makes another bold call on prices 

By: Bloomberg     15th January 2021 The world’s No. 1 platinum miner said the price of the metal could climb more than 80% over the next four to five years as the global economy recovers and supply dwindles. That forecast comes as demand for platinum-group metals has already rebounded to pre-pandemic levels, Sibanye Stillwater CEO... 

World’s biggest platinum miner makes another bold call on prices
Sibanye Stillwater CEO Neal Froneman

Eastplats, Implats confirm provisional payment terms on offtake agreement

By: Marleny Arnoldi     15th January 2021 TSX- and JSE-listed Eastern Platinum’s (Eastplats’) subsidiary Barplats Mines has confirmed the provisional payment terms of the first delivered shipment of pressed filter cake platinum group metals (PGM) concentrate under an offtake agreement between Barplats and Impala Platinum (Implats).... 

Bluejay and Rio Tinto finalise Enonkoski JV conditions

By: Donna Slater     15th January 2021 The remaining conditions of a joint-venture (JV) and earn-in agreement between Aim- and FSE-listed exploration and development company Bluejay Mining and Rio Tinto Mining and Exploration, for the Enonkoski project have been met. Announced on November 10, 2020, the JV and earn-in agreement has... 

Jubilee reports record earnings of £28m

By: Marleny Arnoldi     14th January 2021 Aim- and AltX-listed Jubilee Metals’ operational earnings for the second half of last year increased by a record 123% to £28.4-million, compared with the first half of the year. In rand terms, it was a 126% increase to R603-million between the two six-month periods.  

China importing SA coal, PGMs in a greener world make headlines 

14th January 2021 Mining Weekly Editor Martin Creamer unpacks South Africa supplying coal to China, the role of South Africa’s platinum group metals in a greener future and the new project in the North West that is cutting electricity use by 82% and putting platinum into focus.   

China importing SA coal, PGMs in a greener world make headlines
China importing SA coal, PGMs in a greener world make headlines

Rhodium roars above $20 000 in precious metals' biggest rally

By: Reuters     14th January 2021 Rhodium's rally to record highs shows no sign of stopping, with prices up 19% this month as auto makers that need the metal to meet tightening emissions regulations run into limited supply. Used in engine exhausts to neutralise harmful nitrous oxides, rhodium reached $20 190 an ounce on... 

Rhodium roars above $20 000 in precious metals' biggest rally

The essential role of platinum group metals in ‘greening’ the world needs highlighting 

By: Martin Creamer     12th January 2021 The ‘greenness’ that South Africa can help bestow on the world needs hard sell now, Mining Weekly can today report. While South Africa’s amazing platinum group metals (PGMs) continue their decades-long task of cleaning the air of the world’s cities in the autocatalytic convertors of vehicle... 

The essential role of platinum group metals in ‘greening’ the world needs highlighting
Photo by Hyundai Truck & Bus
'Green' hydrogen and fuel cells named by Lux Research as two of top-five energy technologies.

Katoro progresses drilling programme at Haneti

By: Tasneem Bulbulia     12th January 2021 Aim-listed Katoro Gold has recorded progress on the maiden drill programme targeting the discovery of nickel and platinum group metals (PGM) at the Haneti nickel project, in Tanzania. Katoro holds a 65% ownership interest in Haneti with 35% held by Power Metal Resources. 

Tharisa starts new financial year with strong production

By: Donna Slater     12th January 2021 JSE-listed platinum group metals (PGMs) and chrome miner Tharisa achieved strong production in the quarter ended December 31, 2020 − the first quarter of the company's 2021 financial year − with PGM production up 14.2% year-on-year on a six element basis to 39 300 oz. PGM production was in line... 

Tharisa starts new financial year with strong production
Tharisa CEO Phoevos Pouroulis

New ‘green’ platinum project leaps out of starting blocks, will use 82% less electricity  

By: Martin Creamer     11th January 2021 The innovative new platinum group metals mining and processing project that slashes 82% off electricity use and elevates platinum to a new high level of greenness, leapt out of its starting blocks in North West province on Monday. “We’ve commenced. The tanks are rolling,” Pallinghurst managing... 

New ‘green’ platinum project leaps out of starting blocks, will use 82% less electricity
Pallinghurst managing partner and co-founder Arne Frandsen is interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Kavango appoints new chairperson, nonexec director

By: Tasneem Bulbulia     11th January 2021 Aim-listed Kavango Resources has appointed David Smith nonexecutive chairperson and Ben Turney executive director, with immediate effect. Smith is a solicitor who has worked in corporate finance and the equity capital markets for over 30 years. Since January 2016, he has been a partner in Druces,... 

Nickel sulphides found in Molopo Farms Complex exploration

By: Donna Slater     11th January 2021 Botswana explorer Kalahari Key Mineral Exploration (KKME) reports that exploration at its Molopo Farms Complex (MFC) project has unearthed 4.4 m of ultramafic rocks with finely disseminated sulphides in angled hole KKME 1-6 at about 270 m vertical depth. Following the successful drilling of the... 

South Deep Covid protocols, platinum demand, decarbonisation make headlines 

8th January 2021 Mining Weekly Editor Martin Creamer unpacks back-to-work protocols at South Deep, the building of hydrogen infrastructure in the US being a good boost for platinum demand and mining companies being pressurised to commit to a decarbonised future. 

South Deep Covid protocols, platinum demand, decarbonisation make headlines
South Deep Covid protocols, platinum demand, decarbonisation make headlines

US company planning at least 500 hydrogen fuelling stations in next 3 to 5 years  

By: Martin Creamer     7th January 2021 The creation of a minimum of 500 fuelling stations to provide hydrogen to mainly trucks powered by platinum-catalysed hydrogen fuel cells is planned by a US company in the next three to five years. “We believe that everyone will be within a couple of miles of a hydrogen fuelling station in the... 

US company planning at least 500 hydrogen fuelling stations in next 3 to 5 years
Creamer Media’s Mining Weekly interviews RAGHU KILAMBI, the CEO of PowerTap, a company that provides crucial hydrogen fuelling infrastructure for fuel cell electric vehicles.

Zimbabwe’s Kuvimba seeks $1bn for 2021 acquisitions, capex 

By: Bloomberg     7th January 2021 A mining company majority owned by the Zimbabwe government and whose profits will partly be used to compensate former white commercial farmers for land confiscated two decades ago intends to raise $1-billion for acquisitions and capital expenditure. Kuvimba Mining House, in which the government... 

Net-zero emissions commitments hold benefits, but also downsides, for miners 

By: Simone Liedtke     6th January 2021 Miners are targeting massive carbon reductions over the next 10 to 15 years on the path to achieving net-zero emissions by 2050, with equity research company Jefferies warning that this implies higher costs and capital expenditure (capex), but also a trend of less supply, higher commodity prices,... 

Eastplats’ Barplats delivers first shipment of pressed filter cake platinum group metals

By: Donna Slater     6th January 2021 Platinum group metals (PGMs) miner Eastern Platinum (Eastplats) reports that, during December, its subsidiary Barplats Mines delivered its first shipment of pressed filter cake PGMs concentrate under an existing offtake agreement between Barplats and Impala Refining Services. During 2020,... 

Minera appoints financial adviser for Peru gold project

By: Simone Liedtke     5th January 2021 Precious metals miner, developer and explorer Minera IRL has engaged Haywood Securities to act as financial adviser in support of the company’s plans to finance the development of its Ollachea project, in Peru. The financial adviser will also assist with the repayment of balances owed to... 

Gold roars out of blocks in 2021 as real yields, dollar decline

By: Bloomberg     4th January 2021 Gold surged above $1 900/OZ as lower US real yields and a weaker dollar helped the precious metal build on its biggest annual advance in a decade. Bullion climbed to the highest level in almost two months after renewed declines in real yields boosted gold’s allure. Real yields -- the difference... 

Gold roars out of blocks in 2021 as real yields, dollar decline

After golden year for precious metals, silver set to shine in 2021

By: Reuters     4th January 2021 After a spectacular year, precious metals are set for further gains in 2021, with silver tipped to outperform, but analysts are growing more cautious about the prospects for gold as the global economy recovers from the impact of the coronavirus. The pandemic triggered stockpiling by investors... 

After golden year for precious metals, silver set to shine in 2021

Panoramic completes Panton sale

By: Esmarie Iannucci     18th December 2020 ASX-listed Panoramic Resources has completed the A$12-million sale of its 80% share in the Panton platinum group metals project, in Western Australia. Under the share sale and purchase agreement with Greater Northern Palladium, which was struck in October this year, an upfront deposit of A$200... 

Tharisa, unions reach four-year wage agreement

By: Creamer Media Reporter      14th December 2020 Platinum group metals and chrome concentrate producer Tharisa has concluded a four-year wage agreement with the Association of Mineworkers and Construction Union, the National Union of Mineworkers and Solidarity. The agreement, which is effective from July 1, 2020, to June 20, 2024, applies to... 

Anglo forecasts higher output, lower costs for 2021 

By: Creamer Media Reporter      11th December 2020 Diversified miner Anglo American expects its production for 2021 to increase by 14% year-on-year and its unit costs to decrease by 3% year-on-year. In an investor update published on December 11, the miner said it had maintain a strong performance this year, despite Covid-19-related and other... 

Anglo forecasts higher output, lower costs for 2021
Anglo American CEO Mark Cutifani

Eastplats announces rights offering to shareholders

By: Simone Liedtke     11th December 2020 Eastern Platinum (Eastplats) has announced a rights offering to its shareholders to acquire common shares of the company at the close of business on December 18, on the basis of one right for each common share. Each right will entitle the holder to subscribe for one common share of the company... 

Hydrogen fuel cells, Implats, Mogalakwena make headlines  

11th December 2020 Mining Weekly Editor Martin Creamer unpacks China converting battery electric vehicles into hydrogen fuel cell vehicles, Impala platinum joining a high-flying PGMs-linked venture capital fund and the approval for the Mogalakwena PGMs mine solar project.   

Hydrogen fuel cells, Implats, Mogalakwena make headlines
Hydrogen fuel cells, Implats, Mogalakwena make headlines

60Moz Sedibelo platinum expansion, construction of Kell beneficiation plant 

By: Martin Creamer     11th December 2020 Platinum group metals (PGMs) producer Sedibelo Platinum Mines Limited has announced the expansion of operations at Pilanesberg Platinum Mines into contiguous deposits of Sedibelo Central, Magazynskraal and Kruidfontein – known as the Triple Crown properties – with an estimated resource base in... 

60Moz Sedibelo platinum expansion, construction of Kell beneficiation plant
Photo by creamer media
Sedibelo's Pilanesberg Platinum Mines opertional area.

Implats continues ramp-up despite pandemic disruptions

By: Cameron Mackay     11th December 2020 Multinational platinum group metals (PGMs) miner Impala Platinum’s (Implats’) 2018 strategic review highlighted that restructuring lossmaking operations at its Rustenburg mining complex and positioning it on the lower half of the cost curve were strategically crucial. These strategic imperatives,... 

Implats continues ramp-up  despite pandemic disruptions
SIDE-STEPPING COVID DELAYS Gains in productivity, safety and efficiency have resulted in an upward revision to the planned production profile at Implats’ Rustenburg operation

PGMs miner focused on Waterberg mine project

11th December 2020 As reported by Mining Weekly last month, platinum group metals (PGMs) miner Platinum Group Metals is focused on advancing the palladium dominant Waterberg project, located on the northern limb of the Bushveld Complex in South Africa. The project is planned as a fully mechanised, shallow, decline... 

PGMs miner focused on Waterberg mine project
R. MICHAEL JONES Platinum Group Metals’ near-term objectives are to achieve the grant of a mining right for the palladium dominant Waterberg Project and complete construction

Transport system linking mining areas now operational

11th December 2020 As part of an expansion programme at local platinum miner Booysendal Platinum’s Booysendal concession platinum project, multinational ropeway manufacturer Doppelmayr Transport Technology has been awarded a contract for the construction of a second RopeCon system. Once finished, this second... 

Transport system  linking mining areas  now operational
IN TOTAL ORE For the expansion of the Booysendal mine, Booysendal Platinum opted for a RopeCon system to tackle the challenge of transporting 909 t/h of platinum ore

Steps South Africa needs to take to attract global exploration investment 

By: Martin Creamer     10th December 2020 Countries wanting to attract exploration investment need readily available geophysics data to offer to prospective investors. “Geophysics is now key to the exploration industry, particularly for metalliferous-type deposits, which have the largest value,” Exploration Geological Consultancy MD... 

Steps South Africa needs to take to attract global exploration investment
Photo by Creamer Media
Exploration Geological Consultancy MD Regina Molloy

October mining production down 6.3% y/y, sales rise 30.7% year-on-year 

By: Donna Slater     10th December 2020 South Africa's mining production decreased by6.3% year-on-year in October, Statistics South Africa (Stats SA) reports. The most significant contributors to the decrease were iron-ore, which was down 26.5%, contributing -2.6 percentage points to the overall industry performance; while chromium... 

Implats announces results of bond purchase offer

By: Simone Liedtke     10th December 2020 Platinum group metals miner Impala Platinum (Implats) has accepted for purchase bonds validly offered for sale in a principal amount of R241.46-million. The miner previously invited bondholders of its R3.25-billion 6.75% convertible bonds due in 2022 to sell their bonds to the company up to... 

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