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Platinum Group Metals News
Implats’ earnings to decline on lower sales revenue, inflationary pressures
By: Donna Slater 5th August 2022 Platinum group metals (PGMs) miner Impala Platinum (Implats) expects its basic earnings for the financial year ended June 30 to decrease by between 29% and 35% year-on-year, to between R30.5-billion and R33.5-billion, while its earnings a share for the period are expected to decrease by between... →
Power Metal announces next phase of exploration at Botswana project
By: Darren Parker 4th August 2022 London-listed exploration company Power Metal Resources has started the next phase of exploration on its Molopo Farms Complex (MFC) project in southwestern Botswana. The company said on August 4 that it had mobilised spectral geophysics to the MFC project, which is targeting a large-scale nickel,... →
Platinum-based fuel cells key for heavy-haul industry – WPIC
By: Donna Slater 4th August 2022 The World Platinum Investment Council (WPIC) reports that interest in using hydrogen fuel cells in the heavy-haul industry is growing rapidly, with several interesting developments currently under way. Platinum-based, proton exchange membrane (PEM) hydrogen fuel cells provide zero emissions... →
SA's energy plan, Queensland royalty rates, Anglo's green hydrogen production plan make headlines 
4th August 2022 Mining Weekly Editor Martin Creamer discusses former Eskom CEO Brian Dames's support for President Cyril Ramaphosa’s energy plan; Australia’s Queensland government increasing its royalty rates significantly without consultation; and Anglo’s plan for green hydrogen production with on-site solar... →
Analysts slash platinum and palladium forecasts amid global slowdown
By: Reuters 3rd August 2022 Analysts and traders have sharply lowered their price forecasts for platinum and palladium as a global economic slowdown reduces demand, a Reuters poll showed on Wednesday. Both metals are used primarily by auto makers, which embed them in engine exhausts to reduce emissions. Platinum is also... →
Anglo launches start-up incubator programme across its operations’ communities
By: Marleny Arnoldi 3rd August 2022 Diversified miner Anglo American South Africa has launched an incubator programme through its enterprise development arm, Zimele, aimed at turning 500 start-up businesses in rural communities into sustainable and successful companies. The programme will assist mainly youth- and women-owned... →
Eastplats promotes Hanson to COO
By: Donna Slater 3rd August 2022 JSE- and TSX-listed midtier platinum group metals miner Eastern Platinum (Eastplats) has promoted former South Africa GM Hannelie Hanson to the position of group COO. She has more than 24 years of experience in mining as a technical specialist and a strategic leader, currently heading up... →
Nornickel reduces nickel, palladium sales in H1 as supply chains disrupted
By: Reuters 3rd August 2022 Russian metals producer Nornickel said on Tuesday that its sales of nickel, palladium and platinum fell in the first half of 2022 due to disrupted supply chains, while net profit rose by 18% to $5.1-billion due to a stronger rouble. Nornickel, the world's largest producer of palladium and... →
Anglo’s big on-site solar, off-site wind plan lays foundation for green hydrogen
By: Martin Creamer 3rd August 2022 The planned construction by Anglo American of on-site solar plants and off-site regional wind farms is designed to create a renewable energy ecosystem that reduces Scope 2 emissions and lays the foundation for green hydrogen production – “a hugely ambitious piece of work, and not one that is... →
RBPlat buyout essential to keep Implats’ Rustenburg mining going, hearing hears
By: Donna Slater 2nd August 2022 Platinum miner Impala Platinum (Implats), through law firm Group 621, reports that, without its proposed large-scale merger with Royal Bafokeng Platinum (RBPlat), it will not be able to continue mining at its Rustenburg mine as the mine nears the end of its life. Implats intends to acquire a... →
Royal Bafokeng applauds President’s energy plan, nears decision on solar
By: Martin Creamer 2nd August 2022 Royal Bafokeng Platinum CEO Steve Phiri on Tuesday applauded President Cyril Ramaphosa’s energy plan, which involves the introduction of new generation capacity to the grid as quickly as possible to give Eskom the required headroom to carry out much-needed maintenance on its ageing coal fleet.... →
Wesizwe appoints new CEO
By: Darren Parker 2nd August 2022 JSE-listed Wesizwe Platinum has appointed Zou Long as its new CEO and as executive director as of August 2. Interim CEO Zhimin Li will vacate this position with immediate effect. →
Royal Bafokeng Platinum declares conservative R711m interim dividend
By: Martin Creamer 2nd August 2022 Taking into consideration the declining basket price, the uncertain demand fundamentals, global recession fears and the continuing uncertainty brought about by the M&A activity, the board of Royal Bafokeng Platinum (RBPlat) decided to adopt a conservative approach in declaring the interim... →
Miners' profits face an unusual foe: extreme weather
By: Reuters 1st August 2022 Heavy rainfalls, withering droughts and other extreme weather patterns across the globe are denting miners' profits and crimping supply of iron ore, copper and other widely-used minerals as climate change roils yet another industry. It is an unusual situation for companies that have experience... →
President Ramaphosa’s got it right, says ex-Eskom CEO on new energy plan
By: Martin Creamer 1st August 2022 African Rainbow Energy and Power CEO and former Eskom CEO Brian Dames concurs fully with the energy plan unveiled by President Cyril Ramaphosa. “I think he’s got it right,” was Dames's summing up of the President's energy initiative during a discussion at the Coal & Energy Transition Day, covered... →
Marginal decrease in ICMM members’ mining fatalities globally in 2021
By: Donna Slater 29th July 2022 Organisation for safe, fair and sustainable mining and metals the International Council on Mining and Metals (ICMM) reports that South African member companies accounted for 51% of the 43 fatalities recorded by ICMM member companies globally in 2021, at 27 fatalities. The US followed with four... →
Zimbabwe will raise taxes on platinum, lithium to boost revenue
By: Bloomberg 29th July 2022 Zimbabwe plans to increase royalty rates on platinum producers and introduce one for lithium miners from Jan. 1 as part of efforts to boost its coffers that have come under strain from weakening economic conditions. The rate for platinum miners will double to 5% and a new rate of the same amount... →
RBPlat warns of half-year earnings decline
By: Donna Slater 28th July 2022 Despite platinum group metals (PGMs) miner Royal Bafokeng Platinum’s (RBPlat’s) production for the six months ended June 30 having increased by 4.5% on the back of a strong performance at the Bafokeng Rasimone platinum mine, the miner says its basic earnings a share and headline earnings a share... →
Sylvania dump operations increases output by 19% in the fourth quarter
By: Donna Slater 28th July 2022 Aim-listed platinum group metals (PGM) miner Sylvania Platinum’s dump operations achieved a 19% year-on-year increase in production to 18 837 oz for the fourth quarter ended June 30. This took full-year production to 67 053 oz. →
Russia's Nornickel boosts output of all key metals
By: Reuters 28th July 2022 Russian metals producer Nornickel's first-half nickel and palladium output rose year on year thanks to returning production two mines hit by flooding in 2021, the company said on Thursday. Nornickel, the world's largest producer of palladium and refined nickel, kept its previous 2022 output... →
Zimbabwe raises mines power tariff by 8% to meet production cost
By: Bloomberg 28th July 2022 Zimbabwe’s power utility ZESA Holdings will no longer charge mining houses tariffs below cost of production as it is struggling to service “ballooning power import debt.” Exporters, such as mining companies, will be charged $0.1063/kWh from August 1, ZESA executive chairperson Sydney Gata said in... →
Green electron/hydrogen advance set to move much faster – Anglo
By: Martin Creamer 28th July 2022 Anglo American CEO Duncan Wanblad on Thursday expressed delight at the energy announcement of President Cyril Ramaphosa, who has unveiled several far-reaching interventions, including a doubling in the allocation for the next renewables procurement round, an uncapping of the 100 MW... →
Zimplats reports higher quarterly production
By: Darren Parker 27th July 2022 ASX-listed platinum group metals (PGMs) miner Zimplats has reported a quarter-on-quarter increase of 9% in mined tonnage and an increase of 4% in milled tonnage for the quarter ending June 30. This translated to a 4% year-on-year increase in ore mined, with no change in tonnes of ore milled. →
Radical renewables, hydrogen ramp-up needed, coal energy transition day hears
By: Martin Creamer 27th July 2022 A radical ramp-up of renewable energy and green hydrogen capacity will be needed by 2040 to take South Africa towards a net-zero climate change commitment, the Coal & Energy Transition Day heard on Wednesday. On the coal-fired power front, South Africa would from the 2040s/2045s need to have... →
Presidential Climate Change Commission executive director Chrispian Olver.
Investors remain ‘cautiously optimistic’ about platinum’s future
By: Marleny Arnoldi 27th July 2022 Platinum and palladium prices have been heavily influenced by high inflation this year, with financial markets remaining concerned about higher interest rates and real rates of growth. Research and consultancy company CPM Group on July 27 presented a market outlook presentation for the two... →
World-first hydrogen haul truck operational from August – Anglo Platinum
By: Martin Creamer 27th July 2022 The pilot world-first hydrogen haul truck launched early in the year, has had some final changes made to it before it heads into the pit and goes into operational mode from August. Meanwhile, the second prototype is already underway, where learnings from the first truck are being taken into the... →
Steel market embracing need for decarbonisation, says Kumba Iron Ore
By: Martin Creamer 26th July 2022 At a time when steelmakers the world over are taking strong steps to decarbonise steelmaking, Kumba Iron Ore’s high-quality, high-lump iron-ore is highly sought after, which positions the Johannesburg Stock Exchange-listed mining and marketing company well in the global fight against climate... →
Kumba Iron Ore excited by President’s energy plan, working earnestly on carbon reduction
By: Martin Creamer 26th July 2022 Kumba Iron Ore CEO Mpumi Zikalala on Tuesday expressed excitement at the energy announcement of President Cyril Ramaphosa, who unveiled several far-reaching interventions, including a doubling in the allocation for the next renewables procurement round, an uncapping of the 100 MW... →
Wesizwe CEO steps down
By: Creamer Media Reporter 25th July 2022 Wang Hongile has stepped down as CEO of Wesizwe Platinum owing to ill health. Wesizwe has appointed deputy CEO Zhimin Li as interim CEO. →
Implats to acquire further RBPlat shares
By: Tasneem Bulbulia 25th July 2022 JSE-listed Impala Platinum (Implats) has concluded an agreement to acquire a further 300 000 Royal Bafokeng Platinum (RBPlat) shares, constituting about 0.10% of RBPlat’s shares in issue. The effective date of the acquisitions will be on or around July 25. →
Decarbonisation, renewables can create new economic sectors in SA – Anglo Platinum
By: Martin Creamer 25th July 2022 JOHANNESBURG (miningweekly.com) – Anglo American Platinum CEO Natascha Viljoen on Monday expressed the firm belief that decarbonisation and renewable energy have the potential to create new economic sectors in South Africa. On the renewable energy front, Viljoen also revealed that Anglo Platinum... →
Anglo Platinum declares R21bn dividend, levers R71bn half-year societal underpin
By: Martin Creamer 25th July 2022 Platinum group metals (PGMs) mining and marketing company Anglo American Platinum on Monday declared a gross interim dividend of R21.5-billion from profits accrued during the six-month period ended June 30, when it made a R71-billion economic contribution to society. The dividend is equivalent to... →
Anglo American Platinum CFO Craig Miller
Europe leads even though sun, wind, storage, green electron/molecule energy is tailor made for South Africa
By: Martin Creamer 22nd July 2022 This week the European Commission approved €5.4-billion of public support by 15 member states for a hydrogen technology value chain taking in hydrogen generation technology, fuel cells technology, storage technology and end-user technology. The week before, Shell started building Europe’s largest... →
Competition Commission approves Sandstorm takeover of Nomad Royalty
By: Marleny Arnoldi 22nd July 2022 The Competition Commission has approved TSX-listed financing firm Sandstorm Royalties’ proposed acquisition of fellow-listed Nomad Royalty Company. Sandstorm is active as a custom financing firm to global gold, silver and copper mining companies through royalty and stream metal purchase... →
Energy storage, Anglo American, Kumba make headlines
22nd July 2022 Mining Weekly Editor Martin Creamer discusses South Africa’s potential in creating a new industry through energy storage; Anglo American's sustainability targets; and Kumba Iron Ore's 6th fatality-free year and increased export sales. →
Anglo progresses sustainability as Chile drought hits copper output
By: Martin Creamer 21st July 2022 Diversified mining and marketing company Anglo American is progressing towards its stretching sustainability targets on all fronts while partnering to accelerate the deployment of hydrogen-powered haul truck technology across the mining industry and other transport applications. This was... →
Anglo American CEO Duncan Wanblad
Anglo Platinum maintains 2022 guidance as half-year earnings head for fall
By: Martin Creamer 21st July 2022 Johannesburg Stock Exchange-listed platinum group metals (PGMs) mining and marketing company Anglo American Platinum has maintained its metal-in-concentrate PGM guidance, while also advising of a potential halving of half-year earnings in the six months to June 30. Guided for 2022 is 3.9-million... →
Hydrogen-powered truck launch highlights sustainability progress.
Sibanye continues to make reparations at Marikana
By: Darren Parker 15th July 2022 After acquiring platinum producer Lonmin’s operations in 2019, diversified miner Sibanye-Stillwater continues to contribute to reparations for those community members who were affected by the violent wage-related protests near the then-Lonmin-operated Marikana platinum group metals (PGMs) mine... →
The infamous Marikana koppie stands silent ten years after fatal violence erupted here
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