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Platinum Group Metals News

Mine investing in local community

By: Helene Le Roux     13th December 2002 Impala Platinum (Implats) is increasingly investing in the local communities living in the vicinity of its greenfields developments. 

Polokwane platinum smelter chooses a bag-filter option

13th December 2002 When Greenblat & Hutton, the project manager for Anglo Platinum, went out on enquiry for the new platinum smelter to be built at Polokwane, the company asked for electrostatic precipitators, ceramic filters or bag filter options. 

PGM leader well on way to meet its BEE target

By: Joanne Delaurentis     13th December 2002 Platinum giant Anglo Platinum’s CEO Barry Davidson says that with current impending black economic empowerment (BEE) deals, the company is already close to meeting the five-year equity ownership target of 15%, set out in the new Mineral and Petroleum Resources Development Bill. 

R1,6 billion platinum tailings retreatment project proceeding

By: Joanne Delaurentis     13th December 2002 The world’s largest platinum producer has announced that it will be proceeding with the development of a R1,6-billion tailings retreatment project at its Rustenburg Platinum Mine complex, near Rustenburg in the North West Province. 

Miner rewarded for pointing out safety hazard

By: Deborah Spicer     13th December 2002 The world’s second-largest platinum producer’s commitment to safety was in evidence last month when Cementation employee Johannes Matsoso received a R3 000 award for correctly identifying a safety hazard at Impala Platinum’s 80%-owned Marula Platinum venture in the Limpopo... 

Local community to benefit from platinum expansion

By: Deborah Spicer     13th December 2002 Empowerment opportunities could not come to a more needy community than the one that surrounds the 80% Impala Platinum-owned Marula platinum-mine in the Limpopo province. 

Real danger of platinum price spike – Davison

By: Terence Creamer     13th December 2002 Platinum market leader, Anglo Platinum (AngloPlat), believes there is a real danger of a price spike in 2003 and 2004 due to the continuing supply deficit, which could grow further as a result of delays in the company’s expansion ramp-up. 

Angloplat doubles funding for Canada deposit

13th December 2002 Anglo American Platinum Corp, the world's biggest platinum producer, has almost doubled funding for a promising platinum-palladium deposit on the outskirts of Canada's nickel-rich Sudbury Basin in Ontario. 

Limpopo to sell Angloplat shares to empowerment group

By: Martin Czernowalow     12th December 2002 The Limpopo Province’s Department of Finance and Economic Development has announced the sale of 480 000 shares in Anglo Platinum by tender, which it wants to sell to an empowerment group. 

SouthernEra finds shine in platinum

12th December 2002 Canada's SouthernEra Resources made its name as a diamond operator, but it is fast finding a shine in the platinum group of metals in the world's biggest deposits in South Africa. 

Canadian PGM search to start in Jan

12th December 2002 Canadian mining group, Pacific North West Capital (PFN) has announced that its joint venture partner, Anglo American Platinum Corporation, has approved a Phase VI $5,3-million exploration programme, to be carried out in 2003 on the River Valley platinum group metal (PGM) property, near Sudbury,... 

Russia, Norilsk form platinum metal sales venture

12th December 2002 The Russian State and the giant metals producer Norilsk Nickel will form a venture to trade platinum group metals (PGMs) abroad and build confidence among foreign clients, the Finance Ministry said yesterday. 

Angloplat hopes more than 10% of new project work will go to BEE firms

By: Martin Czernowalow     11th December 2002 The world’s largest platinum producer, Anglo Platinum, says it will seek to maximise black economic empowerment (BEE) participation in newly-announced projects through its affirmative procurement policy. 

Two-million fatality-free shifts for Northam

10th December 2002 The world's deepest platinum mine, Northam Platinum, has notched up another safety record by having worked two-million fatality-free shifts – a feat that has earned the miner an award. 

Luxury goods sector should not forget gold

10th December 2002 South Africa's largest gold producer, AngloGold, last week urged the luxury goods business not to discount gold in the fight for the consumer's discretionary wallet, which in the US accounts for $174-billion. 

New mine completed ahead of schedule and below budget

By: Marius Roodt     6th December 2002 It has recently been confirmed that the Marikana project in North-West Province has been completed well ahead of schedule and below budget. 

Marikana poised to provide 600 jobs to local people

By: Marius Roodt     6th December 2002 In the past mining companies tended to enter the areas they were targeting for mining, and compensate only those who were recognised landowners on a willing buyer/willing seller basis, rarely recognising the rights of non-landowning occupants. 

Clay deposits influencing cash costs

By: Marius Roodt     6th December 2002 At an operation such as Marikana, which is highly outsourced, and where contractors supply the bulk of the labour, a good relationship between the owners and contractors is absolutely crucial, as well as with the local community, an important element of this symbiotic relationship. 

High stripping ratio requires careful planning

By: Marius Roodt     6th December 2002 Short-term planning is vital at the Marikana, reports mine manager Wayne Louw, 36. 

New platinum project on the horizon

By: Marius Roodt     6th December 2002 Marikana is not Aquarius Platinum South Africa’s (AQPSA) only large project underway in Southern Africa. 

Small orebodies may be future focus of SA mining

By: Marius Roodt     6th December 2002 South Africans have in the past 100 years been remarkably adept at mining large orebodies, but have not fared as well with smaller deposits. 

Concentrator plant to reach full production in April

By: Marius Roodt     6th December 2002 Metallurgical manager Phil Rooke brings 23 years of metallurgical experience to the new Marikana platinum mine’s concentrator plant. 

Crushers boast 95% local content

By: Marius Roodt     6th December 2002 Finnish company Metso Minerals is supplying a number of important pieces of equipment at Aquarius Platinum’s Marikana mine in the North West province. 

Impala's safety drive yields 2-million fatality free shifts

6th December 2002 South Africa's second-larges platunm producer, Impala Platinum, yesterday announced 2 million fatality free shifts across its entire Rustenburg operation, which involves close on 27 900 employees 

Minority buy-out at AngloPlat not imminent – analyst

6th December 2002 The world's biggest platinum producer Anglo American Platinum said on Friday its parent Anglo American had increased its stake by another 2,95% to 66,75%. 

Severin remains mining focused despite jewellery-foray

By: Joanne Delaurentis     6th December 2002 Large, precision cut, quality, hand-picked, coloured gemstones from Southern Africa, beautifully set in 18 carat gold or platinum designs, created to best display the uniqueness of the stones. 

Underground trials begin at Ngezi

By: Martin Zhuwakinyu     6th December 2002 Australian-listed mining company Zimbabwe Platinum Mines (Zimplats) has begun underground trial mining at its Ngezi platinum-group metals (PGMs) mine, on the Zimbabwean Great Dyke, where it currently mines 2,2-million tons of ore a year by opencast methods. 

Zim PGM industry a safe investment – Pitchford

By: Martin Czernowalow     6th December 2002 The Zimbabwean government has introduced several incentives to assist the platinum-group metals (PGM) industry to develop in that country, said Zimbabwe Platinum MD Roy Pitchford at the World Platinum Congress 2002, held in Johannesburg last month. 

Implats studies refinery expansion

5th December 2002 South African platinum producer, Impala Platinum Limited Refineries facility in Springs, Gauteng, comprises two refinery operations namely, the Base Metals Refinery (BMR) and the Enhanced Platinum Metals Refinery (EPMR). 

Platinum giant announces Rustenburg plant expansion

5th December 2002 Platinum market leader, Anglo Platinum announced yesterday that it would proceed with Phase 2 of the Rustenburg UG2 Project, to produce 306 000 oz of refined platinum and 167 000 oz of palladium a year. 

Rietfontein drill programme yields good PGM results

4th December 2002 PGM miner Anooraq Resources has announced further assay results from core drilling on its Rietfontein property, 275 km north of Johannesburg, in South Africa. 

First concentrate delivered from Marikana

3rd December 2002 Commissioning at Aquarius Platinum's Marikana Mine has been completed, ahead of schedule. 

Johnson Matthey sees modest rise in profit

2nd December 2002 British metals and chemicals firm Johnson Matthey expects a modest rise in annual profits after first-half profits climbed three percent despite a weaker dollar and a slump in the prices of key metals. 

The facts about the decline projects

By: Martin Creamer     29th November 2002 Mining operations consist of 13 operational shaft systems covering an area of 120km2. Each shaft develops and mines about 8 km2. Impala currently mines around 15 million tons of ore a year, which yields 1,8 million ounces of platinum group metals (pgms) including more than a million ounces of... 

Mechanised stoping first for SA's second-largest platinum company

By: Martin Creamer     29th November 2002 A mechanisation “first” is under way at one of Impala Platinum’s 13 operational shaft systems in Rustenburg. 

Platinum and palladium on divergent paths

By: Terence Creamer     29th November 2002 The year 2002 has been one of vastly differing fortunes for the two main platinum-group metals (PGMs), platinum and palladium, with the former reaching record levels of demand and the latter slumping to levels last witnessed eight year ago. 

Miner urges Ghana to relax investor caps

29th November 2002 Precious-metals miner Lonmin this week urged Ghana to relax restrictions on foreigners in Ghanaian companies, saying it depressed share prices of firms like Ashanti Goldfields. 

AngloPlat warns of potential price spike

By: Terence Creamer     29th November 2002 Platinum market leader, AngloPlatinum (AngloPlat), believes there is a real danger of a price spike in 2003 and 2004 due to the continuing supply deficit, which could grow further as a result of delays in the company’s expansion ramp-up. 

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