R/€ = 17.7829 Change: -0.0420
R/$ = 17.1292 Change: 0.0298
Au 1744.49 $/oz Change: -13.76
Pt 996.00 $/oz Change: 12.00

Platinum Group Metals News

R4-trillion needed for South Africa’s hydrogen economy, PIC declares 

By: Martin Creamer     Updated 4 hours ago South Africa’s State-owned Public Investment Corporation (PIC) stated on Monday that more than R4.3-trillion is required for the development of the hydrogen economy, which it declared positive for people, planet, and client portfolios. The hydrogen investment strategy of the PIC, which has... 

Extortion rackets becoming an epidemic in South Africa – Mavuso

By: Donna Slater     Updated 6 hours ago Large industries, from mining to construction, are being targeted by extortion rackets of epidemic proportions, as organised crime is fast emerging as the biggest threat to South Africa’s economy, says Business Leadership South Africa (BLSA) CEO Busi Mavuso. Such crime, she says, is now more... 

South Africa’s mining market is dynamic and fast-moving, Siemens Large Drives finds  

By: Martin Creamer     25th November 2022 South Africa is a super dynamic and super fast-moving market, says Siemens Large Drives global solutions head Oliver Beck, who has just completed a week of discussions with customers to highlight sustainability solutions for mining. From his perspective, South African mining economy is at the... 

Siemens Large Drives global solutions head Oliver Beck.
Siemens Large Drives' Oliver Beck, Tim Walwyn talk to Mining Weekly's Martin Creamer. Video: Nicholas Boyd, Shadwyn Dickinson. Video Editing: Darlene Creamer. Pictures: Donna Slater.

Implats issues RFI for renewable energy to be wheeled to its South African sites

By: Donna Slater     25th November 2022 Platinum group metals miner Impala Platinum (Implats) has issued a request for information (RFI) to buy an unspecified volume of electricity, through wheeling from renewable energy sources, for its South African operations. Implats, whose electricity consumption accounts for 74% of its total... 

A solar and wind plant

Crime, platinum demand, R1bn fuel cell factory make headlines   

25th November 2022 Mining Weekly Editor Martin Creamer discusses the country’s economic/crime paradox that was highlighted at a recent Anglo American meeting; new green hydrogen end-demand pushing platinum into a meaningful deficit; and the development of the R1-billion fuel cell factory which could break ground... 

Photo of Martin Creamer
Crime, platinum demand, R1bn fuel cell factory make headlines

Platinum’s hydrogen economy role is just transition enabler, Mapungubwe highlights 

By: Martin Creamer     24th November 2022 The strategic role of platinum group metals (PGMs) in the creation of a hydrogen economy is the key supporting element of the Just Energy Transition Investment Plan (JET-IP) unveiled by President Cyril Ramaphosa at the 2022 United Nations Climate Change Conference, Mapungubwe Institute for... 

Mapungubwe Institute for Strategic Reflection researcher Dr Nqobile Xaba.
Mapungubwe Institute for Strategic Reflection researcher Dr Nqobile Xaba.

PTM settles debt, narrows full-year net loss

By: Donna Slater     24th November 2022 TSX- and NYSE-listed Platinum Group Metals (PTM) continued its efforts to lower costs, but nonetheless incurred a net loss of $8.24-million for the financial year ended August 31 – a 37% improvement on the net loss of $13.1-million reported for the 2021 financial year. The company is focussed on... 

UK, South Africa to establish Partnership on Minerals for Future Clean Energy Technologies

By: Schalk Burger     24th November 2022 UK Foreign Secretary James Cleverly announced this week that the UK and South Africa were establishing a new Partnership on Minerals for Future Clean Energy Technologies to promote increased responsible exploration, production and processing of minerals in South Africa and Southern Africa.... 

South Africa’s crime crisis ruling out economic growth, sustainability discussion hears 

By: Martin Creamer     23rd November 2022 South Africa’s economic paradox is that it cannot grow economically if it has a burgeoning crime crisis but it is unable to solve the burgeoning crime crisis if it is not growing. That was the opening comment of outgoing Mineral Council South Africa CEO Roger Baxter, who anchored the second of... 

Roger Baxter.
Roger Baxter.

Groundbreaking for R1bn fuel cell factory set for first quarter of 2023 

By: Martin Creamer     22nd November 2022 A bankable feasibility study has opened the way for the building of a factory for the local manufacture of fuel cells that are designed to provide low-carbon electricity to decentralised users at affordable prices throughout the African continent. Innovative South African Mitochondria Energy... 

Mitochondria founder and CEO Mashudu Ramano (right) interviewed by Martin Creamer (left).
Photo by Creamer Media
Mitochondria founder and CEO Mashudu Ramano (right) interviewed by Martin Creamer (left).

Platinum moving into meaningful deficit amid emergent source of new end-demand 

By: Martin Creamer     22nd November 2022 Platinum is moving into meaningful deficit amid an emergent source of new end-demand in the form of green hydrogen. The 2022 surplus of 804 000 oz is projected to move into a deficit of 303 000 oz in 2023, according to the Platinum Quarterly of the World Platinum Investment Council (WPIC) for the... 

World Platinum Investment Council director of research Edward Sterck.
World Platinum Investment Council Director of Research Edward Sterck interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Sedibelo Platinum will now have wind power as well as solar and smelterless technology  

By: Martin Creamer     18th November 2022 Latest news from Sedibelo Platinum Mines in North West province is that the company’s Pilanesberg platinum mines situated in the Bushveld Complex, 207 km west of Johannesburg, will not only have abundant solar power on site plus a world-first smelterless processing technology that consumes 82% –... 

Pallinghurst Group managing partner and cofounder Arne Frandsen.
Pallinghurst's Arne Frandsen interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Implats in the final stretch of RBPlat takeover

By: Marleny Arnoldi     18th November 2022 Following the Competition Tribunal’s approval of a proposed merger between platinum miners Impala Platinum (Implats) and Royal Bafokeng Platinum (RBPlat), the only remaining condition outstanding to Implats’ buyout of RBPlat is a compliance certificate to be issued by the Takeover Regulation... 

PGI highlights strong platinum jewellery demand growth in India

By: Tasneem Bulbulia     18th November 2022 Despite uncertain global financial conditions and geopolitical tensions, India’s economy has been resilient this year. As a result, its jewellery industry has seen “exceptional growth”, with platinum benefiting from this through considerable growth on the back of positive consumer sentiment,... 

Tribunal approves Implats’ buyout of RBPlat subject to conditions

By: Tasneem Bulbulia     16th November 2022 The Competition Tribunal has approved the proposed large merger whereby Impala Platinum (Implats) intends to acquire all shares in Royal Bafokeng Platinum (RBPlat), subject to a package of competition and public interest conditions. The conditions relate to, among others, Implats honouring its... 

Eastplats reports higher third-quarter, nine-month revenue

By: Tasneem Bulbulia     16th November 2022 Dual-listed Eastern Platinum’s (Eastplats’) revenue for third quarter ended September 30 increased by 8.1% year-on-year to $17.2-million, taking revenue for the nine months ended September 30 to $55.1-million –  a 4.8% year-on-year increase. Mine operating income increased by $2.5-million, or... 

Southern Palladium reports robust assay results from Bengwenyama project

By: Darren Parker     16th November 2022 Assay results from platinum group metals (PGMs) developer Southern Palladium’s upper group two (UG2) reef on the Bengwenyama PGMs project, located on the eastern limb of the Bushveld Complex, have returned a weighted average four-element (4E) PGMs grade of 8.73 g/t in three of the holes, over an... 

Top green hydrogen/fuel cell collaboration boost for platinum-group metals 

By: Martin Creamer     16th November 2022 A joint development agreement struck between global majors Nel Hydrogen US and General Motors is expected to speed up the development of green hydrogen technology that is competitive with fossil fuels.  The aim of agreement is to help accelerate the industrialisation of Nel’s proton exchange... 

Green hydrogen and fuel cell collaboration announced by Nel and General Motors of the US.
Green hydrogen and fuel cell collaboration announced by Nel and General Motors of the US.

Eastplats widens losses, but posts higher revenue for the Sept quarter

By: Tasneem Bulbulia     11th November 2022 JSE-listed Eastern Platinum’s (Eastplats’) revenue increased by 81.% year-on-year to $17.2-million for the quarter ended September 30. This brought its revenue for the year-to-date to $55.1-million, representing a 4.8% year-on-year increase. 

RBPlat advises of CEO, COO shares issuance dispute

By: Marleny Arnoldi     11th November 2022 JSE-listed Royal Bafokeng Platinum (RBPlat) has advised of an investigation that is under way to determine whether RBPlat issuing shares to its CEO and COO earlier this year was unlawful. This comes amid a battle between fellow-listed miners Northam Platinum and Impala Platinum (Implats), with... 

Mining group aims to regain 2021’s safety performance

By: Nadine Ramdass     11th November 2022 Platinum group metals mining group Implats’ immediate focus is on rebuilding the safety performance that it demonstrated in financial year (FY) 2021. The group reported an increase in the number of fatalities in FY2022, relative to its safety record for FY2021. 

Mining Indaba to welcome more delegates, new features in 2023

By: Sabrina Jardim     9th November 2022 Next year’s Investing in Africa Mining Indaba – to be held at the Cape Town International Convention Centre from February 6 to 9 – will operate at full capacity, as all Covid-19 restrictions have been lifted. During a media briefing on November 9, portfolio director for the Indaba Simon Ford said... 

Simon Ford
Photo by Creamer Media's Donna Slater
Simon Ford

NUM to celebrate 40 years

By: Donna Slater     9th November 2022 The National Union of Mineworkers (NUM) will celebrate its fortieth anniversary at the old Peter Mokaba Stadium in Polokwane, Limpopo, on December 4. Established in 1982 in Klerksdorp (now Matlosana), the NUM was initially led by general secretary Cyril Ramaphosa, president James Motlatsi and... 

Northam tables ‘firm intention’ to acquire remaining RBPlat shares

By: Donna Slater     9th November 2022 JSE-listed platinum group metals (PGMs) miner Northam Platinum has announced its firm intention to acquire all remaining shares in fellow PGMs miner Royal Bafokeng Platinum (RBPlat) which it does not already own at R172.70 a share. The offer is a premium of about 15% to the November 8 offer by... 

An image of RBPlat's Styldrift mine
Photo by Creamer Media
Northam says it has identified various initiatives for both unlocking value and creating additional value at RBPlat’s existing mines

Zimbabwe's new mineral royalty policy comes into force

By: Reuters     8th November 2022 Zimbabwe has passed regulations allowing the state to collect mining royalties partly in the form of minerals, according to a government notice seen by Reuters on Tuesday, as the country seeks to build a reserve of precious metals. The southern African country has struggled to capitalise on its... 

Investment needed for outgoing coal, incoming renewables, impacted communities, Mapungubwe highlights 

By: Martin Creamer     8th November 2022 With South Africa having committed to transition away from coal, investments will not only be required for the retiring of coal plants and the ramping up of renewable energy, but also for coal communities, who will require alternative economic development plans to sustain the livelihoods of all... 

President Cyril Ramaphosa arriving in Egypt for COP27.
President Cyril Ramaphosa arriving in Egypt for COP27.

Tertiary notes multiple copper soil anomalies at Zambia project

By: Tasneem Bulbulia     8th November 2022 Aim-listed Tertiary Minerals has announced provisional results from its detailed soil sampling programme at the Jacks copper project, in Zambia, and the definition of multiple copper soil anomalies in different areas of the exploration licence. The soil sampling programme was completed on... 

Chicago is coming for London’s metal trading after LME stumbles

By: Bloomberg     8th November 2022 As the London Metal Exchange (LME) wades through the fallout of this year’s nickel crisis, its American rival is gaining ground. Chicago-based CME Group Inc. has successful copper and precious-metals contracts but has never managed to challenge the LME’s dominance in other industrial metals. This... 

SANParks understands that sustainable conservation requires local community beneficiation

By: Rebecca Campbell     4th November 2022 South African National Parks (SANParks) was very aware of the need to ensure it delivered economic benefits for the local communities around is protected conservation areas. This was internationally recognised as a necessity to ensure that conservation strategies were effective, Forestry,... 

Implats’ shareholding in RBPlat nudges up to 40.71%

By: Marleny Arnoldi     4th November 2022 While JSE-listed Impala Platinum (Implats) awaits approval from the Competition Tribunal to buy out all of the remaining shares it does not own in fellow-listed Royal Bafokeng Platinum (RBPlat), it has acquired a further 151 829 RBPlat shares. This amounts to a further 0.05% ownership in... 

Hydrogen economy, green electron and molecule energy transition make headlines   

4th November 2022 Mining Weekly Editor Martin Creamer discusses Anglo American Platinum's maiden climate change report; Anglo’s green hydrogen truck trials; and consensus that a green electron and green molecule energy transition is tailor-made for South Africa.   

Photo of Martin Creamer
Hydrogen economy, green electron and molecule energy transition make headlines

Sibanye's South African PGMs output falls on power curtailments, copper cable theft

By: Chanel de Bruyn     3rd November 2022 Battery and precious metals producer Sibanye-Stillwater has maintained its full-year production guidance for its South African platinum group metals (PGMs) operations at between 1.75-million and 1.8-million ounces of platinum, palladium, rhodium and gold (4E), despite third-quarter production... 

Sibanye-Stillwater's Marikana mine
Sibanye-Stillwater's Marikana mine

Economic slump nudges down platinum and palladium forecasts

By: Reuters     3rd November 2022 Analysts and traders have downgraded their forecasts for platinum and palladium prices next year as a global economic slowdown reduces demand, according to a Reuters poll on Wednesday. Both metals are used mainly in vehicle exhaust systems, where they neutralise harmful emissions, though... 

Implats hints at another extension of long-stop date for RBPlat buyout

By: Marleny Arnoldi     2nd November 2022 JSE-listed Impala Platinum (Implats) has advised that the outstanding Competition Tribunal approval of its offer to buy out all remaining ordinary shares of fellow platinum group metals miner Royal Bafokeng Platinum (RBPlat) will not be finalised by November 3. Although it does still believe... 

Hydrogen economy support highlighted in maiden Anglo Platinum climate report 

By: Martin Creamer     2nd November 2022 Active support for the creation of a viable green hydrogen economy in South Africa and globally, along with the firm underpinning of a ‘just energy transition’, are highlighted in Anglo American Platinum maiden climate change report. The report sets out the role the JSE-listed mining and... 

Anglo Platinum CEO Natascha Viljoen.
Anglo Platinum CEO Natascha Viljoen.

Green hydrogen truck trials going well – Anglo 

By: Martin Creamer     1st November 2022 The 500 t world-first haulage truck powered by green hydrogen last week underwent fully loaded trialling that included tipping into the crusher at Anglo American Platinum's Mogalakwena platinum group metals mine in Limpopo. “The trials all went well,” Anglo American group technical director Tony... 

Clockwise from top left are Duncan Wanblad, Tony O’Neill, Stephen Pearce and Hilton Ingram.
Photo by Creamer Media
Clockwise from top left are Duncan Wanblad, Tony O’Neill, Stephen Pearce and Hilton Ingram.

Zijn Platinum appoints Tito Mboweni as deputy chair

By: Darren Parker     31st October 2022 Nkwe Platinum and South Africa Zijin Platinum, both wholly-owned subsidiaries of multinational mining company Zijin Mining Group, have appointed former South African Finance Minister Tito Mboweni as nonexecutive director and deputy chairperson of South Africa Zijin Platinum, with effect from... 

Former South African Finance Minister Tito Mboweni
Former South African Finance Minister Tito Mboweni

Northam receives ratings upgrade from GCR, extends loan maturities

By: Marleny Arnoldi     31st October 2022 Credit ratings agency Global Credit Rating (GCR) Company has upgraded JSE-listed Northam Platinum’s national scale long-term credit rating to A+ from A, and reaffirmed its short-term credit rating at A1, with a stable outlook. GCR attributes the upgraded rating to its enhanced liquidity... 

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