R/€ = 17.37 Change: 0.04
R/$ = 17.93 Change: 0.03
Au 1643.66 $/oz Change: -23.93
Pt 858.50 $/oz Change: -34.00

Platinum Group Metals News

Turnkey contractor appointed for R800m concentrator plant project

By: Zonika Botha     14th February 2003 Vhumbanani Projects, a new 50:50 joint-venture company between Dowding Reynard and Associates (DRA) and Townsend, Van der Walt and Partners (TWP), has been appointed as the engineering, procurement, construction and management (EPCM) contractor for Anglo Platinum’s R800-million... 

Implats mulls new R5-billion project

By: Joanne Delaurentis     13th February 2003 South Africa’s second-largest platinum producer is planning to develop a new deep-level underground shaft. 

M&R secures new platinum contract

13th February 2003 A competitive bid has seen construction giant Murray & Roberts RUC secure the Hackney early start mining contract at Anglo Platinum’s Twickenham Platinum Mine (TPM), situated on the eastern limb of the Bushveld Complex. 

AngloPlat offers to help boost State’s administrative capacity

12th February 2003 The world’s leading platinum producer, Anglo Platinum (Angloplat), has offered to assist the Department of Minerals and Energy (DME) in boosting its capacity to process mining authorisations and convert old-order mineral rights to new-order licences. 

Bafokeng nation corporatises its mineral assets

12th February 2003 The Royal Bafokeng Nation (RBN) has corporatised its mineral assets under the control and management of Royal Bafokeng Resources Holdings Limited (RBR). 

Costs, rand focus of PGM miners’ results this week

10th February 2003 Costs, production and a stronger rand will be in focus when the world's two largest platinum miners Anglo Platinum and Impala Platinum post their results this week, analysts said. 

Harmony goes from buyer to builder

By: Martin Czernowalow     7th February 2003 South African gold producer, Harmony Gold Mining Company, announced that it would focus strongly on organic growth, rather than acquisition as it had done in the past. 

Northam reports rise in earnings

7th February 2003 Platinum producer, Northam Platinum yesterday reported a 64% rise in headline earnings to R207-million for the six month period ended December 2002 (December 2001: R127-million), shrugging off the effects of a stronger rand. 

AngloPlat to scour Brazil for PGMs with partner

6th February 2003 Canada's Solitario Resources has signed an exploration deal with Anglo American Platinum, the world's biggest platinum producer, that will allow Anglo to earn a 51% interest in a platinum property in Brazil. 

New phase of drilling on Canadian PGM prospect

6th February 2003 A sixth phase of drilling has commenced on the River Valley platinum group metal (PGM) property, near Sudbury, Ontario, Canada 

Gold rises ahead of Powell speech

5th February 2003 Gold vaulted to its highest in more than six years yesterday, as Washington prepared to make its case against Iraq to the UN Security Council, prompting nervous investors to seek a safe cache for their money. 

SouthernEra in capital raising exercise

5th February 2003 Canadian miner SouthernEra Resources has announced that it has accepted a bought deal equity proposal to sell nine-million common shares at C$7,75 a share for gross proceeds of $69,75-million to a syndicate led by Griffith’s McBurney & Partners. 

Platinum at 20-year highs

4th February 2003 The threat of war in Iraq nudged gold higher yesterday, while platinum hit a 23-year high as speculators and end-users bought heavily. 

Platinum miner reports lower earnings

3rd February 2003 Platinum miner Aquarius Platinum announced a group net profit after interest and tax of $5,1-million for the half year ended December 31, 2002, a 61% decrease from the previous corresponding period. 

Tendering method at Marikana breaks the mould

By: Marius Roodt     31st January 2003 A unique way of tendering was used in the earthworks portion of the Marikana development in South Africa’s North West Province, Tom Rule of UWP Consulting Engineers, and Charles Wright of Grinaker-LTA tell Mining Weekly. 

New mining dispensation may benefit engineering companies

By: Marius Roodt     31st January 2003 Project management and engineering design company Dowding Reynard and Associates (DRA) was responsible for virtually the entire project management of Aquarius Platinum’s project Marikana, North West Province, as well as the detail design of the process plant, report senior project manager... 

British firm advised on platinum project

By: candice haase     31st January 2003 As South Africa’s platinum boom continues, fuelled by the implementation of the Minerals and Petroleum Resources Development Act , Snowden mining consultants has been approached by a British company which are interested in embarking on business ventures in the local industry. 

Australian junior actively exploring Bushveld Complex

By: candice haase     31st January 2003 A local exploration company’s activities on the northern and eastern limbs of the Bushveld Complex (BC) will continue to fuel activity in South Africa’s booming platinum industry. 

New electronic ore-tracking system passes test

By: candice haase     31st January 2003 After rigourous testing of its electronic tagging system at Kloof gold-mine, Midrand company BiStar is confident its newly devised system is well-suited to ore-tracking applications in the gold- and platinum-mining sectors. 

Booming platinum industry fuels research activity

By: candice haase     31st January 2003 International interest in conducting research into polymeric depressants has spurred mining houses, chemical companies and a number of international institutions to become involved with the University of Cape Town’s (UCT) Depressant Research Facility (DRF). 

Four platinum projects for steel fabricator

31st January 2003 Fabricated metal producer Cosira International South Africa marketing director John da Silva, says it is his company’s ability to be responsive to specific customer needs that has secured it contracts and repeat business within the platinum mining industry. 

Project managers faced with challenge at Messina

By: candice haase     31st January 2003 When Southern Era Resources inherited the Messina Platinum Mines (MPM), situated in the Limpopo province, several challenges were presented to consulting engineers and project managers Read Swatman and Voigt (RSV). 

New R850m mine to begin production by 2004

By: candice haase     31st January 2003 The next project for which Aquarius Platinum is engaged in a feasibility study is appropriately named Everest South as this future operation will see the company negotiating its way through a topographically challenging terrain. 

Furnace incident to have negative impact on PGM miner’s costs

31st January 2003 The world’s third-largest platinum miner, Lonmin, has released details of a new production plan, following a serious furnace incident, which occurred on December 26, 2002. 

Platinum firm adopts low-profile vehicles

By: Zonika Botha     31st January 2003 Platinum company Lonmin has become the first company in South Africa and indeed the world to introduce a suite of extra-low-profile (XLP) machines from Sandvik Tamrock at its platinum-mining operations in the Marikana district, east of Rustenburg, in the North West Province. 

Platinum soars on Bush's fuel-cell comments

31st January 2003 Platinum soared to its highest price in nearly 17 years on Thursday, boosted by U.S. President George W. Bush's call for more research into fuel cell technology. 

Angloplat confirms chairperson-CE split

31st January 2003 World number one platinum producer, Anglo American Platinum, said on Wednesday it was splitting the roles of chairman and CE, in line with guidelines for corporate governance in South Africa. 

Gold producer emerges as lord of the ring

By: Joanne Delaurentis     31st January 2003 More than 1 800 Lord of the Rings (LOTR) gold rings have been sold by Harmony Gold Mining since the start of the company’s One Ring marketing campaign in 2001. 

Fast-tracked opencast mines make 840 000 oz target attainable in 2003

By: Martin Creamer     31st January 2003 South Africa’s third-largest platinum producer is playing a key role in putting more platinum ounces on to the market. 

New technology humdingers on way

By: Marius Roodt     31st January 2003 South Africa’s third-largest platinum company is introducing two new promising technological innovations that are both potential humdingers, Mining Weekly can today report. 

Accreditation as learning provider

By: Martin Creamer     31st January 2003 Platinum miner Lonmin has become the first South African mining company whose education, training and development (ETD) programme has been accredited by the Mining Qualifications Authority (MQA), Mining Weekly can today report. 

A thousand houses built near operations

By: Marius Roodt     31st January 2003 To create a stable and habitable environment for employees and the community, South Africa’s third-largest platinum company has completed the building of 1 166 houses at Marikana. and is in the process of completing 294 more. 

Platinum company creating agricultural entrepreneurs

By: Marius Roodt     31st January 2003 South Africa’s third-largest platinum miner has initiated an agricultural project to foster sustainable development and entrepreneurship in the North West Province, where its mines are concentrated. 

Two large vertical shafts’ commissioning in 2006

31st January 2003 Two large vertical shafts being sunk at Lonmin Platinum in Rustenburg will be commissioned in 2006, Mining Weekly can today report. 

Two concentrator plants in one go

By: Martin Creamer     31st January 2003 Two concentrator plants have been built simultaneously at Lonmin Platinum to take full advantage of opencast opportunities at the company’s Rustenburg operations. 

Platinum price-spike fears resurface

By: Martin Zhuwakinyu     31st January 2003 Predictions that a platinum-price spike is likely to occur this year, first made in November, have been reiterated by a senior official at Johnson Matthey, a London-based firm which keeps tabs on developments in the platinum-group metals (PGM) industry worldwide. 

11 deaths a ‘great disappointment’ for PGM miner

31st January 2003 The deaths of 11 employees last year, five more than the six of 2001, have been a great disappointment, Lonmin Platinum executive director mines Stompie Shiels laments. 

EPMR Capacity Increase

31st January 2003 Name of the project and location Capacity increase of the Enhanced Platinum Metals Refinery (EPMR) at Impala Platinum Limited Refineries, near Springs in Gauteng. Project description Impala Platinum Limited Refineries has embarked on a development project to increase production of the EPMR from... 

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