R/€ = 17.7722 Change: -0.0527
R/$ = 17.1215 Change: 0.0222
Au 1744.75 $/oz Change: -13.49
Pt 995.20 $/oz Change: 11.20

Platinum Group Metals News

Three ULP machines arrive in SA

By: Zonika Botha     20th January 2003 Three new ultra low-profile (ULP) machines that are poised to revolutionalise the mining of South Africa’s narrow-vein stopes have arrived in South Africa. 

Ultra-low machines to mine platinum stopes

By: Martin Creamer     17th January 2003 A big test is on. It involves the use of ultra-low drillrigs and load-haul-dumpers in platinum stopes – and optimism is high that a new era of mechanised stoping is not far off. 

Big auto opportunities for platinum, aluminium

By: Keith Campbell     17th January 2003 SOUTH Africa’s aluminium and platinum industries have real opportunities in the global automotive market. 

Safety, market development are key challenges for platinum sector

By: Keith Campbell     17th January 2003 The greatest challenges facing the South African platinum-group metals (PGM) mining sector this coming year can be summed up as safety and market development, Anglo Platinum (Angloplats) Chairman Barry Davison tells Mining Weekly. 

Three ULP machines arrive in SA

By: Zonika Botha     17th January 2003 Three new ultra low-profile (ULP) machines that are poised to revolutionalise the mining of South Africa’s narrow-vein stopes have arrived in South Africa. 

Platinum empowerment deal signed

By: Martin Czernowalow     17th January 2003 South African Two Rivers Platinum announced today that it had signed a memorandum of understanding to sell 25% of the company to a black economic empowerment (BEE) consortium, following a year’s discussions. 

New South African titanium smelter hits a snag

By: Zonika Botha     17th January 2003 South Africa’s Kumba Resources said earlier this month that commissioning of a new furnace at its slag smelter in Kwazulu-Natal would now take place only in March, three months later than its latest forecasts. 

Impala plans R200m project to boost its refining capacity

By: Martin Zhuwakinyu     17th January 2003 World number-two platinum-groups metals producer Impala Platinum Holdings (Implats) plans to spend about R200-million over the next two years or so at its refinery at Springs, on the East Rand, in a development aimed at increasing capacity from 1,5-million ounces of platinum a year to two million... 

Implats studies refinery expansion plan

By: Martin Czernowalow     14th January 2003 South African platinum producer, Impala Platinum (Implats) is launching a pre-feasibility study for a proposed increase in refining capacity of the Enhanced Platinum Metals refinery (EPMR), near Springs in Gauteng. 

Platinum miner, union to meet over funeral row

14th January 2003 The world's second largest platinum miner Impala Platinum will meet South African union members today in a bid to avert industrial action over a funeral benefits row, a company spokesperson said yesterday. 

Good results from Rietfontein drill

9th January 2003 Canadian PGM miner, Anooraq Resources, has announced another set of good assay results from core drilling on its Rietfontein property, 275 km north of Johannesburg, South Africa. 

Implats moves to raise US profile

By: Martin Czernowalow     8th January 2003 The world’s second-largest platinum producer, Impala Platinum Holdings Limited (Implats), yesterday announced the initiation of a sponsored Level I American Depositary Receipt (ADR) programme through which it hopes to grow its exposure in the US. 

Lonmin output to be hit by smelter accident

8th January 2003 Platinum miner, Lonmin, said yesterday an accident at a furnace at its Western Platinum smelter in South Africa had disrupted production at the plant. 

Platinum smelter furnace installation completed

By: vanessa vasques     13th December 2002 The installation of the electrode columns and copper bustube system for a Hatch six-in-line furnace at the Polokwane platinum smelter, owned by Anglo Platinum, is complete. 

Civil works nearing completion

By: vanessa vasques     13th December 2002 The bulk of the civil and construction work at the Polokwane platinum smelter in the Limpopo Province has been completed with only a few portions still remaining. 

Flash dryers commissioned at the Polokwane smelter

By: vanessa vasques     13th December 2002 Two flash dryers, each with the capacity to process around 70 t/hr of bone dry concentrate, have been installed at Anglo Platinum’s (AngloPlat’s) Polokwane platinum smelter in the Limpopo Province. 

Contract miner clinches R660m contract

By: Helene Le Roux     13th December 2002 Johannesburg-based Cementation Mining Skanska has been awarded the R660-million mining contract for Impala Platinum Holdings Limited (Implats’) Marula Platinum project. 

First phase 25% complete

By: Helene Le Roux     13th December 2002 The first phase of the Marula platinum project, a greenfields development in the Limpopo province which has the potential to produce 400 000 oz of platinum a year, is about 25% complete. 

Marula to produce 400 000 oz a year

By: Helene Le Roux     13th December 2002 Few African trees are held in such high esteem by indigenous peoples as the Marula, which has a multitude of uses. 

Marula labour system to find broader usage

By: Helene Le Roux     13th December 2002 The shift in demand from the mining industry for localised, rather than migrant labour, resulted in Johannesburg-based labour recruitment specialist Teba designing its new labour placement system. 

New smelter almost 90% complete

By: vanessa vasques     13th December 2002 The construction of the new Polokwane platinum smelter being established by Anglo Platinum is around 90% complete and on schedule for commissioning in March next year. 

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. 

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