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

Fume-free mining technology being re-evaluated

By: candice haase     25th November 2002 The Mining Systems pro-gramme of CSIR Miningtek has been involved in studies of various fume-free, non-explosive, rockbreaking methods for a number of years. 

Fume-free mining technology being re-evaluated

By: candice haase     22nd November 2002 The Mining Systems programme of CSIR Miningtek has been involved in studies of various fume-free, non-explosive, rock-breaking methods for a number of years. 

Loan sought for water project

22nd November 2002 Malawi – The Malawian parliament has authorised that country’s ministry of finance to obtain a US$3-million loan from the International Development Association (IDA) for a national water development project in addition to the $75-million loan it acquired from IDA for the project. 

Bushveld PGM joint venture launched

20th November 2002 Toronto-listed company Platinum Group Metals Limited (PTM) and Africa Wide Mining, a largely black-owned South African mining company, confirmed yesterday that the companies have entered into a joint venture agreement on two prospective properties, Tweespalk and War Springs Platinum. 

Two platinum concentrators commissioned

19th November 2002 The two new concentrators, Eastern Platinum (EPC) and Karee (K4), at Lonmin’s Eastern Platinum and Karee Platinum Mine near Marikana, have been commissioned. 

De Beers, LVMH set to open first store

19th November 2002 Gem miner De Beers Consolidated Mines and luxury goods group LVMH Moet Hennessy Louis Vuitton will open their first joint venture jewellery store in London shortly, De Beers's chairman told a Swiss newspaper. 

SA mineral resources will be key building block for nanoresearch

By: Deborah Spicer     15th November 2002 Nanotechnology that is linked to South Africa’s mineral resources is seen as a key area in which local nanotechnology researchers can demonstrate their leadership. 

Two Rivers

15th November 2002 Name of the project and location Two Rivers Platinum, Mpumalanga, South Africa. Project description Avmin and Impala Platinum (Implats) have formed a joint-venture company, Two Rivers Platinum, to develop, manage and operate a new platinum group metals (PGMs) mine. It is envisaged that the mine... 

Zim PGM industry a safe investment – Pitchford

By: Martin Czernowalow     15th November 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 in Johannesburg yesterday. 

State, miners must honour agreements – Davison

14th November 2002 The recently-announced broad base socio-economic charter could be implemented successfully within the South African mining industry, provided that the scorecard reduces uncertainty of value leakage and bankability. 

Norilsk unlikely to raise PGM output in short term

14th November 2002 Russian metals giant Norilsk Nickel said on Wednesday it was unlikely to increase platinum group metals (PGM) output in the short term due to a lack of investment in the monopoly producer. 

Platinum and palladium on divergent paths

By: Terence Creamer     13th 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. 

$4m raised for platinum-mine development

13th November 2002 Canadian miner, SouthernEra Resources has announced the results of the rights offer at the company’s subsidiary, Messina Limited, which concluded last week. 

Platinum contracts a boon for shaft sinker

12th November 2002 Leading shaft sinker, Cementation Mining Skanska, is busy on several new contracts, with particular emphasis on the new developments on the eastern limb of the Bushveld Complex, which many experts are dubbing “the new Rustenburg” of the mining industry. 

Joburg hosts platinum congress this week

12th November 2002 The world’s leading primary producer of platinum, Anglo Platinum, plays an important role in world platinum group metal (PGM) markets, as well as the South African mining industry. 

R1,5bn platinum-mine project moving ahead

By: Joanne Delaurentis     8th November 2002 Mining development in the two decline shafts of the new 190 000 oz Marula platinum-mine, situated on the Eastern Limb of the Bushveld Igneous Complex, is under way. 

Starting systems commissioned at platinum mine

By: vanessa vasques     8th November 2002 Sandton-based manufacturer Powerworks, which manufactures the Powerstart range of hydraulic starting equipment, has recently installed and commissioned two starting systems for local mining operations. 

Company achieves stellar growth in mining instrumentation sector

8th November 2002 Local firm B&W Instrumentation and Electrical has experienced 400% growth in instrumentation work with the mining sector growing in stature over the last 12 months. 

Platinum miner in talks with BEE group

8th November 2002 The world's largest platinum producer, Angloplat, said yesterday it was in talks with a black consortium to develop a new mine on one of its project areas in South Africa's Limpopo province. 

Decision on PGM project deferred

By: Martin Czernowalow     8th November 2002 An assessment by the Arctic Platinum Partnership (APP), of the Suhanko Project, has been broadened to include alternative downstream treatment options, leading to a delay in the completion of the study, which had been slated for September this year. 

PGM miner's monorail firmly anchored

By: Marius Roodt     8th November 2002 The much-used Joburg to Pretoria route is not the only place in the country that will be getting a bullet train. 

Platinum holding firm attempts to ease unbundling delay concerns

5th November 2002 South African platinum holding company, Gencor, attempted yesterday to ease investor uncertainty over a delay in unwinding its stake in Impala Platinum (Implats), because of a legal dispute with sick miners. 

Blue Ridge platinum study delayed until 2003

4th November 2002 UK-based mining and exploration group Cluff Mining said last Thursday that the feasibility study at its Blue Ridge platinum project in South Africa has been delayed, but it will be completed next year. 

Study completed for new platinum-mine

By: Joanne Delaurentis     1st November 2002 The geological section of the feasibility study for the Two Rivers platinum project on the eastern limb of the Bushveld Complex has been completed. 

UK miner completes Zimbabwe asset sale

30th October 2002 Platinum miner Lonmin said yesterday it had completed the sale of its gold mining interests in Zimbabwe to Pemberton International Investments for $15,5-million cash. 

R750m platinum contract awarded

18th October 2002 Plant design and control engineers, Dowding Reynard & Associates (DRA) has been awarded a contract for the design and construction of a platinum concentrator for Impala Platinum to process up to 233 000 t of ore a month. 

Explosion prevention divisions merge

By: candice haase     11th October 2002 Where it was aimed originally at focusing on coal-dust explosions, the CSIR Kloppersbos facility now also caters for industrial dust explosion prevention. 

. . . Kroondal, the anchor for sustained growth

By: Marius Roodt     11th October 2002 Kroondal, Aquarius Platinum’s anchor project in Southern Africa, is driving the company’s expansion in this part of the world. 

Russian PGM deal supports market

11th October 2002 Russian metals giant MMC Norilsk Nickel's long-term deal to supply world number one car maker General Motors with metals that reduce harmful car exhaust emissions would bring much needed stability to the world metals market, analysts said yesterday. 

Platinum miner in Southern African expansion . . .

By: Marius Roodt     11th October 2002 Aquarius Platinum (AQP), the Australian- and London-listed mining group is about to pursue a major expansion drive in South Africa. 

Russian PGM firm in long-term deal with US automaker

10th October 2002 Russian metals producer MMC Norilsk Nickel said on Wednesday it had signed a long-term palladium, platinum and rhodium supply contract with General Motors Corp of the United States. 

Explorer intersects good grades at SA PGM project

9th October 2002 Canadian miner, Anooraq Resources announced outstanding results from drill hole AR008, cored on its Rietfontein property, part of the company’s extensive land package on the northern limb of the Bushveld Complex in South Africa. 

Positive news on nickel-mine expansion

By: Terence Creamer     4th October 2002 South African mining company, Anglovaal Mining (Avmin), is convinced that it has a viable plan to expand operations at its highly successful Nkomati nickel joint venture in Mpumalanga, and is working to finalise financing and construction details. 

Harmony's Kalplats project

4th October 2002 Name of the project and location Harmony’s Kalplats platinum group metals (PGM) project, North West Province. Project description Gold-mining company Harmony has discovered promising deposits of openpittable platinum and palladium metals in the Kalgold region. The company is doing a... 

Refrigeration plant upgrade

4th October 2002 Name of the project and location Refrigeration plant upgrade, North West Province. Project description Natural expansion at the Northam platinum-mine, near Thabazimbi, in the North West province, has led to the expansion of the mines refrigeration plant so that requirements are appropriate to its... 

Drill campaign completed at PGM prospect

By: Martin Czernowalow     3rd October 2002 The pre-feasibility evaluation drilling programme of Harmony Gold Mining’s Kalplats PGM Project in the North West Province has been completed by Geosearch International. 

Canadian firm intensifies Northern Bushveld drilling

3rd October 2002 President and CEO of Anooraq Resources Corporation, Ronald W Thiessen, has announced that, in addition to the multi-rig drilling programme currently underway at the new PGM-nickel-copper discovery on its Rietfontein property, the Company has commenced other exploration programs on its extensive... 

PGM miner secures 7,8m more ounces

2nd October 2002 Canadian PGM miner SouthernEra Resources has released an update of the recent developments at its Messina Platinum Mine. 

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