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Platinum Group Metals News

Nornickel to cut emissions in Russia's border region with Norway, Finland

By: Reuters     23rd March 2021 Russian metals producer Nornickel said on Monday it has shut down a metallurgical processing facility in Russia's border region with Norway and Finland which had been the area's main source of sulphur dioxide emissions. The shutdown, along with the recent closure of a nearby Nornickel smelting... 

Northam preferential share buyout of Zambezi to be expedited

By: Donna Slater     23rd March 2021 Platinum group metals miner Northam reports that, following the early maturity of its black economic empowerment (BEE) transaction with Zambezi Platinum, preferential shares in Zambezi will be delisted from the JSE and, as such, share terms will change. The non-participating preference shares in... 

Master Drilling in muted but resilient 2020 performance 

By: Martin Creamer     23rd March 2021 Drilling services company Master Drilling, which operates in 23 countries and which is continuing to grow its presence in new global markets, on Tuesday reported a “muted but resilient performance” for the full year ended December 31, thanks to what it described as a “flexible business model and... 

Master Drilling in muted but resilient 2020 performance
Photo by Creamer Media
Master Drilling CEO Danie Pretorius.

Northam pays most tax as growth strategy heads for 8 500 jobs boost 

By: Martin Creamer     23rd March 2021 “We’ve made the single-largest tax payment in the history of the company,” Northam Platinum CEO Paul Dunne said during last week’s presentation of 74%-higher headline half-year earnings.   The JSE-listed platinum group metals (PGMs) mining company’s half-year contribution to the fiscus topped... 

Northam pays most tax as growth strategy heads for 8 500 jobs boost
Northam Platinum CEO Paul Dunne’s half-year presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Northam Platinum building 10 MW solar power plant at Zondereinde smelter  

By: Martin Creamer     19th March 2021 Platinum group metals (PGMs) mining company Northam Platinum said on Friday that it was designing and building a 10 MW solar energy plant for the company’s smelter at its Zondereinde mine, in Limpopo province. Located on the northern end of the western limb of the Bushveld Complex, near the town... 

Northam Platinum building 10 MW solar power plant at Zondereinde smelter
Northam Platinum CEO Paul Dunne’s half-year presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Amplats reduces freshwater consumption

By: Tasneem Bulbulia     19th March 2021 Platinum group metals miner Anglo American Platinum (Amplats) is making “significant progress” in its goal to reduce its dependency on freshwater at its operations in the North West and Limpopo provinces, thereby improving the water security of its surrounding communities, the company says. Its... 

Amplats reduces freshwater consumption
Amplats Water infrastructure investment at Thabazimbi hospital

Sibanye, Johnson Matthey partner to boost battery technology, low-carbon development 

By: Donna Slater     19th March 2021 LSE-listed sustainable technologies company Johnson Matthey and JSE- and NYSE-listed gold and platinum group metals (PGMs) miner Sibanye-Stillwater have formed a strategic partnership to secure critical metals and accelerate new battery technologies for a low-carbon future. The collaboration will... 

Sibanye, Johnson Matthey partner to boost battery technology, low-carbon development

Northam earnings soar, operational performance pumps cash 

By: Martin Creamer     19th March 2021 The earnings of platinum group metals (PGMs) mining company Northam Platinum soared in the six months to the end of December when 54% more cash was generated. Operational growth projects, initiated in a period of lacklustre metal prices, are now coming on track, and delivering valuable... 

Northam earnings soar, operational performance pumps cash
Photo by Creamer Media
Northam Platinum CEO Paul Dunne

Tackling issues would boost investment – analyst

By: Cameron Mackay     19th March 2021 Although the local mining industry is faring better as an investment destination than it was three years ago, local financial institution Nedbank CIB equity analyst Arnold Van Graan argues that certain challenges need to be addressed to foster a more ideal investment climate for the industry. “In... 

Tackling issues would boost investment – analyst
BOUNCING BACK Higher metal prices have helped sustain the local industry though the Covid-19 pandemic, as the industry should benefit on the back of improving global sentiment

Exxaro eyeing 84 MW solar power for coal mine, hydrogen fuel cells 

By: Martin Creamer     18th March 2021 South Africa is at crossroads of energy liberalisation with 2.5 GW of embedded mining demand, including 84 MW demand at Exxaro Resources’ Grootegeluk coal mine alone and the intended use of hydrogen fuel cell powered trucking, Exxaro Resources said on Thursday. “Energy is the largest single... 

Exxaro eyeing 84 MW solar power for coal mine, hydrogen fuel cells
Exxaro Resources’ newly appointed MD Energy Roland Tatnall

Platinum giants get lifeline as green economy boosts demand

By: Bloomberg     18th March 2021 The world’s biggest platinum miners have been handed a lifeline as the introduction of tougher vehicle emissions rules from Asia to Europe stimulates demand. After a decade in the doldrums, South Africa’s key platinum industry reported windfall profits last month as supply deficits pushed... 

Ivanhoe raises $575m in covertible notes financing

By: Creamer Media Reporter      18th March 2021 Canadian miner Ivanhoe Mines has received “tremendous” interest from North American and European institutional investors in its convertible notes financing and has raised $575-million in the oversubscribed placement. The company, which is developing mines in South Africa and the Democratic... 

Northern Cape ‘elephant country' needs exploration boost, says explorer  

By: Martin Creamer     17th March 2021 South Africa is still "elephant country" and needs to boost exploration in the Northern Cape's highly prospective Namaqua metamorphic geological province in particular, says PGM Management MD Gerhard Meintjes. Meintjes, a private explorer who spoke to Mining Weekly in a Zoom interview, focuses on... 

Northern Cape ‘elephant country' needs exploration boost, says explorer
PGM Management MD Gerhard Meintjes interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Aton inks loan facility with major shareholder, CEO retires

By: Simone Liedtke     17th March 2021 TSX-V-listed Aton Resources has entered into a bridge loan facility with Ou Moonrider, a significant shareholder. Pursuant to the facility, the corporation may borrow up to C$1-million from Ou Moonrider. 

Automakers using know-how to accelerate the uptake of platinum-based fuel cell systems 

By: Simone Liedtke     17th March 2021 While it is widely accepted that for hydrogen to fulfil its potential in enabling the clean energy transition, collaboration is essential and a recent report by the Hydrogen Council talks of the need to accelerate product and solution development, while acknowledging that this will require new... 

Platinum’s high-flying stocks set to extend Johannesburg gains 

By: Bloomberg     17th March 2021 The blistering pace of gains that has pushed South African platinum stocks to the highest in more than 12 years looks likely to be sustained as an upswing in demand and supply constraints fuel the rally. Johannesburg’s index of platinum stocks has soared 30% this year, leaving the other sectors... 

Platinum’s high-flying stocks set to extend Johannesburg gains

Resources Watch  

17th March 2021 This week: Royal Bafokeng Platinum studying feasibility of 30 MW solar power plant; Strong investment demand sustained platinum in the fourth quarter of 2020; and, Royal Bafokeng Platinum engaged in tailings, concentrator, conveyor projects 

Resources Watch
Resources Watch

South Africa has opportunity to win back lost share of global vanadium market – Bushveld   

By: Martin Creamer     16th March 2021 South Africa has an opportunity to win back its lost share of the global vanadium market, which at one stage stood at 25%-plus, says Bushveld Minerals CEO Fortune Mojapelo. Mojapelo, who was speaking to Mining Weekly in a Zoom interview, contends that South Africa has the wherewithal to regain... 

South Africa has opportunity to win back lost share of global vanadium market – Bushveld
Bushveld Minerals CEO Fortune Mojapelo talks on vanadium to Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Nornickel says production to fall short of 2021 guidance

By: Mariaan Webb     16th March 2021 Russian nickel and platinum group metals (PGMs) miner Nornickel has downgraded its 2021 production guidance, following the flooding of two mines in Siberia. Nickel production will be 35 000 t short of its 2021 guidance, while copper output will be 65 000 t and PGMs 22 t short. 

Local battery material champions planning first-mover advances into new geographies 

By: Martin Creamer     15th March 2021 South Africa’s team of local battery material champions are planning first-mover advances into new geographies. Mining Weekly can today report that Thakadu Battery Materials, which is producing high-purity battery-grade nickel sulphate for export, has a pipeline of new projects in place that will... 

Local battery material champions planning first-mover advances into new geographies
Thakadu Battery Materials CEO Ruli Diseko

Eastplats renews agreements with subsidiary, funder

By: Marleny Arnoldi     15th March 2021 JSE-listed Eastern Platinum (Eastplats) has executed updated retreatment project agreements, building on original agreements signed between its subsidiary Barplats Mines and Union Goal Offshore Solution in 2018. The updated retreatment project agreements include a revised framework agreement,... 

Just clearing exploration backlog would be huge leap forward – Miller  

By: Martin Creamer     12th March 2021 Ahead of tackling policy issues, incremental ongoing effort must be prioritised to clear South Africa’s huge mineral exploration and mining rights backlog, says AmaranthCX director Paul Miller. The backlog currently stands at more than 5 000 unprocessed exploration applications and  235... 

Just clearing exploration backlog would be huge leap forward – Miller
AmaranthCX director Paul Miller talks exploration to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Canada targets 31 critical minerals for domestic production

By: Mariaan Webb     12th March 2021 Natural Resources Minister Seamus O’Regan has announced the release of a Canadian critical minerals list, signalling to investors where the country’s focus will be in the global race to shore up supply of minerals that will drive the transition towards a low-carbon future. The list, announced... 

Canada targets 31 critical minerals for domestic production
Canadian Natural Resources Minister Seamus O'Regan

Mining production down in January, but mineral sales up almost 25% 

By: Donna Slater     11th March 2021 Mining production decreased by 6.2% year-on-year in January, with the largest negative contributors being platinum group metals (PGMs), coal and gold, according to the latest Statistics South Africa (Stats SA) report. PGMs slumped by 14.5%, subtracting 3.5 percentage points from the overall... 

Northam increases Zambezi shareholding to 87.5%

By: Simone Liedtke     11th March 2021 Platinum miner Northam Platinum has increased its shareholding in Zambezi Platinum to 87.5%. Northam reached an agreement with the Public Investment Corporation (PIC) to acquire over 9.8-million Zambezi shares for R966.3-million. 

Ontario seeks to capitalise on growing demand for critical minerals

By: Mariaan Webb     11th March 2021 The Ontario government is developing its first-ever critical minerals strategy to help generate investment, increase the province's competitiveness in the global market, and support its transition to a low-carbon economy. Announcing the initiative at the Prospectors and Developers Association’s... 

Ontario seeks to capitalise on growing demand for critical minerals

$7.7bn worth of M&A deals inked in the fourth quarter of 2020

By: Simone Liedtke     10th March 2021 Metals and mining industry cross border merger and acquisition (M&A) deals worth $7.7-billion were announced in the fourth quarter of 2020.  Nova Resources led the pack with its almost $2.4-billion acquisition of Kaz Minerals, GlobalData’s deals database shows. In a statement on March 10, the... 

South Africa should regulate bus, truck emissions – Royal Bafokeng Platinum   

By: Martin Creamer     10th March 2021 What a wonderful housing job Royal Bafokeng Platinum (RBPlat) has done in building 1 400 impressive family homes for its employees, with another 100 outstanding for occupation. When RBPlat CEO Steve Phiri listed the black-controlled and black-led platinum group metals (PGM) mining company on the... 

South Africa should regulate bus, truck emissions – Royal Bafokeng Platinum
Royal Bafokeng Platinum CEO Steve Phiri speaks to Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Royal Bafokeng Platinum engaged in tailings, concentrator, conveyor projects  

By: Martin Creamer     10th March 2021 Platinum group metals mining company Royal Bafokeng Platinum (RBPlat) has tailings, concentrator and overland conveyor projects under way, which are aimed at achieving organic growth as well as long-term sustainability. RBPlat executive head of operations Neil Carr reported at the company's... 

Royal Bafokeng Platinum engaged in tailings, concentrator, conveyor projects
Royal Bafokeng Platinum’s project pipelined covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Strong investment demand sustained platinum in the fourth quarter of 2020  

By: Simone Liedtke     10th March 2021 For the third consecutive quarter, platinum remained in a deficit, at 170 000 oz, in the fourth quarter of 2020 as strong demand in the automotive, industrial and jewellery sectors and sustained strong investment demand for platinum outstripped constrained supply, the World Platinum Investment... 

Strong investment demand sustained platinum in the fourth quarter of 2020
WPIC research director Trevor Raymond speaks to Creamer Media's Simone Liedtke, and discusses platinum and related movements during the last quarter of 2020. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

Royal Bafokeng Platinum studying feasibility of 30 MW solar power plant   

By: Martin Creamer     9th March 2021 Platinum group metals (PGMs) mining company Royal Bafokeng Platinum (RBPlat) which on Tuesday reported a record performance accompanied a R1.5-billion maiden dividend payment, is conducting a study into the economic feasibility building of a 30 MW modular photovoltaic (PV) solar energy plant at... 

Royal Bafokeng Platinum studying feasibility of 30 MW solar power plant
Royal Bafokeng Platinum’s record results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Royal Bafokeng Platinum delivers top performance, declares maiden dividend

By: Martin Creamer     9th March 2021 Platinum group metals (PGMs) mining company Royal Bafokeng Platinum (RBPlat) on Tuesday reported a record performance and declared its maiden dividend on the back of a 2 734.2% increase in 2020 headline earnings to R3.5-billion. The JSE-listed black-controlled, black-led and black-managed... 

Royal Bafokeng Platinum delivers top performance, declares maiden dividend
RBPlat CEO Steve Phiri

PTM notified of Waterberg mining right appeal

By: Marleny Arnoldi     8th March 2021 A group of four individual appellants intends to appeal a decision granting NYSE- and TSX-listed Platinum Group Metals (PTM) a mining right for the Waterberg joint venture project. The Department of Mineral Resources and Energy (DMRE) granted the mining right on February 3.  

Mines anywhere, everywhere can go green – Hydrogen Optimized 

By: Martin Creamer     8th March 2021 Owing to the ubiquity of the world’s sun and the wind, all mines have the opportunity to generate their own green electricity no matter where they are located in the world, Hydrogen Optimized CEO Andrew T Stuart emphasised during last week’s Fasken online panel discussion on hydrogen. In this... 

Mines anywhere, everywhere can go green – Hydrogen Optimized
Photo by Creamer Media
Fasken panel that discussed hydrogen.

South Africa ‘unique’ circumstances could give it tech-minerals edge - 18

By: Simone Liedtke     5th March 2021 Amid continuing decarbonisation worldwide, the increased global demand for tech minerals (such as zinc, copper, tin and vanadium) presents South Africa’s mining regions with “a unique set of circumstances”, says dual-listed Orion Minerals CEO Errol Smart. He tells Engineering News & Mining Weekly... 

South Africa ‘unique’ circumstances could give it tech-minerals edge - 18

Improved valve design, helps mine save water

By: Cameron Mackay     5th March 2021 Local valve supplier Ultra Control Valves (UCV) is manufacturing a valve based on the Valvtron Titan design and has incorporated improvements to make “one of the most abrasive-resistant valves currently available”, says UCV managing member Peter Telle. He explains that local valves company Natal... 

Improved valve design, helps mine save water
GOING WITH THE FLOW UCV supplies a range of ratio-reducing valves, which reduce pressure in a ratio between upstream and downstream pressures

Southern Africa has ‘huge potential’ to benefit from the shift to green hydrogen

By: Simone Liedtke     4th March 2021 While there is growing momentum across the world in investing in hydrogen and the related import and export value chains, management consulting company Kearney MD Romain Debarre warns that there is still a lack of supply and demand for the hydrogen economy. While there is a market for hydrogen... 

Ontario palladium/copper project's 'time has come', says Gen Mining chair

By: Mariaan Webb     4th March 2021 A new palladium and copper mine in Ontario, Canada, could be under construction next year, if permitting and financing for the C$665-million project proceed as planned. Toronto-listed Generation Mining (Gen Mining) on Wednesday announced the results of a feasibility study for the Marathon... 

Ontario palladium/copper project's 'time has come', says Gen Mining chair
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