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Platinum Group Metals News

Gold council losing support

By: System Author     14th May 1999 Contributions to the World Gold Council (WGC) by global producers are dwindling. Speaking at the official launch of a new series of fashionable 24-carat gold coins by the South African Mint, Anglogold executive director, marketing, Kelvin Williams, said that support, as a percentage of world gold... 

Far East props up gold

By: System Author     14th May 1999 small band of gold producers that support the World Gold Council are riding united through the stormy winds of legislative change to find their own golden fleece in Far East markets. Through the council, gold producers are slowly opening up markets and increasing gold offtake. In 1992, India... 

Novel SA–Oz platinum alliance

By: System Author     30th April 1999 Australian listed mining company Aquarius Platinum – already spear- heading the R311-million Kroondal project – is further expanding its activities in Southern Africa, striking up a special association with South African platinum giant Impala Platinum. With resources at Marikana in... 

The Kroondal XV: tiny team, tall task

By: System Author     23rd April 1999 Never in the field of South African mining has so much been contracted out by so few to so many. The 45% Australian-owned Johannesburg Stock Exchange-listed Kroondal Platinum Mines (KPM) employs a ‘tiny team’ of 15 staff – hence Mining Weekly’s Kroondal XV rugby metaphor.... 

Instantly-paying mine

By: System Author     23rd April 1999 A major economic advantage of the new Kroondal platinum operation is that all mining is on reef, both in the open pit and underground, Mining Weekly can today report. This means that there is no need for the construction of costly underground infrastructure to access platinum-bearing ore. The... 

International accounting

By: System Author     23rd April 1999 Kroondal Platinum Mines (KPM) complies with generally-accepted accounting practice (Gaap) and with international accounting standards (IAS) benchmarks, essential to satisfy foreign shareholders in particular. This is a far cry from conventional South African mining-house accounting practice.... 

Highest-grade made

By: System Author     23rd April 1999 The 900 g/t of platinum, palladium, rhodium and gold at Kroondal Platinum Mines (KPM) is expected to represent the highest-grade concentrate in the platinum-mining industry, KPM metallurgical manager Gordon Ramsay tells Mining Weekly. KPM will produce some 107 000 oz of platinum, 57 000 oz of... 

10,9% below-budget trend

By: System Author     23rd April 1999 The R311-million 12-month Kroondal Platinum Mines (KPM) project is currently R34-million below budget and on schedule, technical manager Robin Jones tells Mining Weekly. The project – begun in August last year and scheduled for hot commissioning in August this year – is expected to... 

19% of capex spent so far

By: System Author     23rd April 1999 Some R60-million has been expended so far on the Kroondal Platinum Mines (KPM) project, representing just over 19% of the R311-million budgeted to do the complete job, financial manager Graham Ferreira tells Mining Weekly. In addition to the R60-million already paid out, a total of R160-million... 

SA know-how put to test

By: System Author     23rd April 1999 The metallurgical test-work – on which the Australian-initiated Kroondal Platinum Mines plant design is based – was carried out by the State-owned South African minerals-technology organisation Mintek, of Randburg, which has extensive platinum-processing experience. Measurements,... 

July ore processing

By: System Author     23rd April 1999 The company awarded the contract to operate and maintain the concentrator at Kroondal Platinum Mines (KMP) expects the first ore to be processed through the plant in July. Minopex, of Johannesburg, winner of the R68-million, five-year contract which begins on July 1, is currently recruiting 83... 

Big earthworks savings

By: System Author     23rd April 1999 An unconventionally flexible contractual arrangement for bulk earthworks and roads and minor civil works at the Kroondal project has proved so successful that the concept is being extended to embrace construction of the tailings dam, Mining Weekly can today report. The arrangement takes the form... 

Where underground meets opencast

By: System Author     23rd April 1999 As the underground and opencast ores have two separate flotation characteristics, the ores will be crushed separately and stored in two separate silos ahead of the dense-media separator (DMS). The separate crushed products will be blended on to the main conveyor to the DMS, which is designed to... 

South Africa’s purple gold

By: System Author     23rd April 1999 In what is believed to be a world first, purple-coloured gold has been faceted for use in jewellery for the local and export market by research and development organisation Mintek. The purple gold, which is an intermetallic compound of gold and aluminium, has been known to chemists and... 

Where plant operators’ buck stops

By: System Author     23rd April 1999 The responsibility of the contracted plant operator begins with the flow of run-of-mine material from on-surface grizzleys, includes the overland conveyor and all associated surface infrastructure, and ends with the removal of the final platinum-group metal (pgm) concentrates by the road tanker... 

. . . but platinum a new target

By: System Author     16th April 1999 As firm statistics start to replace estimates on the scope of crime in South African mines for the first time, it is clear that syndicates are increasingly broadening their focus from gold and diamonds to the platinum industry. While 1 413 gold-theft related arrests were made in South Africa in... 

New winder for platinum-mine

By: System Author     9th April 1999 A large winder for the Eastern Platinum mine is being supplied by Winches and Winders, of Kempton Park, Gauteng, for use on the newly-developed Newman incline shaft. Featuring 160 kW installed power, the single-drum Fulton winder has double calliper brakes 1,8 m in diameter with a 2,2 m-wide... 

Another platinum crown

By: System Author     26th March 1999 After the stock market crash in June last year nearly crushed the plans by Kroondal Platinum Mines (KPM) to establish its first platinum-mining operation, the R311-million project is on track to start full production in January 2000. KPM hosted a visit to the site earlier this month, at which... 

RUNNING SHORT

By: System Author     26th March 1999 A 400 000 oz shortfall in platinum is expected by 2002. This estimate by Anglo American Platinum Corporation (Amplats) MD Barry Davison is based on the depletion of Russian stockpiles and rising demand due to the increased use of platinum-group metals (PGMs) in automotive and medical components.... 

Gold demand surges

By: System Author     26th March 1999 Gold demand in the fourth quarter of 1998 reached the highest level ever recorded for any three-month period, reports the World Gold Council’s quarterly survey Gold Demand Trends. Fourth-quarter demand in the countries monitored by the council was 807 t, 6% above the fourth quarter of 1997... 

Y2K bug’s teeth removed

By: System Author     26th March 1999 The ‘Y2K’ bug is no mere insubstantial spectre, an apparition generated by the overheated imagination of a panic-mongering information technology (IT) salesperson or sensationalist journalist – as tests run by a leading South African mining company have revealed, and this... 

R80m opencast-mining contract

By: System Author     26th March 1999 MINING company and Concor Roads division Concor Opencast Mining has been awarded a contract worth R80-million from Amplats for the opencast mining operations at the Bafokeng Rasimone Platinum Mine near Rustenburg. The three-year contract calls for the company to handle all opencast operations,... 

Ventilation shaft drilling work begins

By: System Author     26th March 1999 DRILLING of the 380-mm-diameter 965-m-deep pilot hole for the Impala No 1 ventilation shaft has been started by raiseboring contractor Rucbor. The contract, to construct the 5,1-m-diameter 965-m-deep ventilation shaft, was awarded to Rucbor following its proposal to use its well-proved... 

R42m capex on way

By: System Author     26th March 1999 At operational level, moderate capital-expenditure pro- grammes are still being made at Durban Roodepoort Deep (DRD) mines, with total capital for the next two quarters at R42-million, to be spent in R20-million and R22-million tranches. Another R8-million will be needed at Blyvoor Tribute area.... 

Serving the interests of SA mine engineers

By: System Author     19th March 1999 THE representative body for engineers working on South African mines – the Association of Mine Resident Engineers of South Africa (Amre) – celebrated its 75th birthday in February this year, thereby becoming one of the oldest associations of its kind in the country. With 500 members... 

US, China save platinum’s day

By: System Author     12th March 1999 Not only has the world demand for platinum jewellery held up despite global economic turmoil, but markets outside Japan – traditionally by far the most important single market for the product – have shown strong growth. While the global market for platinum jewellery grew by only 1,4%... 

Europe’s ruling on platinum merger this month

By: System Author     5th March 1999 The final word on the long-delayed merger between Implats and Lonrho Platinum is expected on March 25, Implats CEO Steve Kearney reported at the announcement of the company’s interim results. The proposed merger, which would put Implats on a sustainable growth path, and in a league with the... 

Technology to revolutionise South African milling circuits

By: System Author     5th March 1999 A NEW screening technology has been developed by local company Particle Separation Systems to assist with the accurate screening of mineral particles. The pansep screen is a unique screening device that screens large quanities of particles and is helping mines to improve throughput as well as... 

New platinum toll-treater

By: System Author     26th February 1999 A new company has been formed in South Africa which specialises in toll- treating material for platinum-group metal (PGM) producers and recyclers, Mining Weekly can today report. The newly-launched Impala Refining Services, headed by Implats consulting engineer: new business Stuart Murray,... 

Gold semis by June

By: System Author     26th February 1999 Production of semi-fabricated gold items by Rand Refinery is expected to start during the first half of this year. The refinery’s initiative to produce semi-fabricated jewellery products (semis) is set to boost the capacity of the local jewellery-manufacturing industry and open up... 

Gold to the masses

By: System Author     19th February 1999 The individual consumer is steadily gaining on the world’s central banks in the race to influence the future of the world gold market. It is an active and deliberate contest, and one which will have a profound impact on the destiny of many local and international gold firms. The intention... 

BIGGEST ball mill in SA

By: System Author     12th February 1999 A contract from Amplats Management Services to increase the processing capacity of the concentrator at the Potgietersrust Platinum Mine in the Northern Province from 270 000 t/m to 425 000 t/m has been completed by Bateman Minerals & Industrial. The project involved installing primary and... 

Shining year envisaged

By: System Author     5th February 1999 With the platinum-group metals (PGMs) industry in good shape, assisted by the turmoil in the palladium industry and the growth in the market for platinum jewellery, South African producers can look forward to a shining year. “South Africa’s PGM production, of which platinum accounts... 

Mine installs second multistage sampler

By: System Author     5th February 1999 Following the success of the first run-of-mine (Rom) sampling system installed by Multotec Process Equipment (MPE) at Impala Platinum mineral processing, an additional multistage sampling system has been installed at Impala UG2. Claimed to be unique in its horizontal layout, the new sampling... 

Competitive procurement

By: System Author     5th February 1999 THE control budget estimates (CBE) contract for the underground and opencast mining operations, together with the infrastructure, at Amplats’ new Bafokeng-Rasimone platinum mine near Rustenburg, North West Province, are being handled by Turner & Townsend Africa. Since the start of the... 

New tower filter for platinum industry

By: System Author     5th February 1999 A new tower filter press suited for platinum concentrate dewatering has been launched in Africa by Delkor Technik. “We have seen an opportunity to offer African operations a fully-automatic, more sophisticated type of pressure filter for this application than what was previously... 

Increased rhodium demand forecast

By: System Author     5th February 1999 The demand for platinum-group metals rhodium, ruthenium and iridium is expected to increase this year, forecasts platinum analyst Johnson Matthey. In its 1998 interim review the company states that rhodium demand is forecast to rise by 16 000 ounces to 480 000 ounces in 1998, with strong growth... 

Division tackles alloy research

By: System Author     5th February 1999 Research and development (R&D) of platinum-group metal (PGM) alloys and products is conducted by Mintek’s physical metallurgy division in collaboration with PGM producers in South Africa. The jewellery-related platinum products include platigems, novel platinum-gold composite material, and... 

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