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Platinum Group Metals News

Platinum pumps up sales by R7,5m

By: Zonika Botha     21st June 2002 The pump division of Metso Minerals South Africa has recorded exceptional financial results in the first half of the year, primarily due to the exuberant platinum industry, generating some R7,5-million worth of sales from January to May through platinum projects. 

Deal adds 17 years to PGM junior's life

21st June 2002 Through the acquisition of a 50% stake in ZCE Platinum – which owns Mimosa platinum-mine – for $39-million, Australian miner Aquarius Platinum has transformed itself from a 13-year life-of-mine to one which has more than 30 years. 

PGM miner gets enviro approval for project

21st June 2002 Aquarius Platinum South Africa has received full approval of its environmental management programme (EMP) for operations at Marikana the Department of Minerals and Energy (DME). 

Platinum, gold remain strong

20th June 2002 A weak stock market and tumbling dollar kept gold looking strong Wednesday, in a trade influenced by investor jitters about a new cycle of Palestinian attacks and Israeli retaliation. 

Exploration boom triggers contractor's expansion

By: vanessa vasques     14th June 2002 The current boom in platinum mining and exploration has resulted in the dramatic expansion of exploration drilling contractor Geosearch, of Johannesburg. 

Comprehensive coal, platinum maps released

14th June 2002 The fully-revised fifth edition of the Coalfields Map of South Africa has been published, as well as the first edition of a comprehensive map of platinum deposits in South Africa – which has more than 70% of world platinum reserves. 

Catalytic converters supply (automotive project)

14th June 2002 Name of the project and location Catalytic converters supply, Czech Republic. Project description Bosal Africa has signed a components deal with General Motors, starting next year, to supply 1,2-million catalytic converters for the duration of the contract to GM’s operation in the Czech... 

Maandagshoek (platinum project)

14th June 2002 Name of the project and location Maandagshoek, Limpopo Province. Project description Anglo Platinum, in joint venture with empowerment company African Rainbow Minerals (ARM), is constructing a greenfields platinum-group metals (PGMs) mine, which will produce 162 000 oz of platinum and 156 000 of... 

SA jewellery council launches three diamond projects

By: Zonika Botha     14th June 2002 Traditionally known as the country of gold and diamonds, it is believed that in many instances South African shopping malls and jewellery stores, in particular, can compete anywhere in the world in terms of the image and quality they represent. 

Tourism boom boosts diamond jewellery sales

By: Zonika Botha     14th June 2002 Ever since the first democratic election in 1994, South Africa has become a tourist haven, attracting international visitors from all corners of the world. 

Mineral explorer prospers in Africa

By: vanessa vasques     14th June 2002 Many people understand mineral exploration to be undertaken either by large mining houses, or junior exploration companies, which usually sell their successes to large mining houses. 

Platinum giant's R160m exploration budget

By: vanessa vasques     14th June 2002 Mining Weekly features reporter Vanessa Vasques speaks to Anglo Platinum divisional director for resource management and development Ron Hieber about the latest developments in exploration and future prospects which could yield results for the mining house. 

Gencor unbundling expected only after Aug

14th June 2002 South Africa’s Impala Platinum said it would seek shareholder approval for a general share buyback as the sale of a major shareholder’s stake in the world’s second-largest producer appeared imminent. 

Platinum major reopens shaft

10th June 2002 Platinum major Impala advised that the company’s 11 shaft reopened at the weekend. 

Platinum ore no match for chute systems

7th June 2002 The installation of Weba Chute Systems at Anglo Platinum’s Amandelbult UG2 Concentrator has resulted in a marked reduction in the high wear associated with the UG2 material being processed at this platinum-mine in the Northern Province. 

Platinum No 3 looks beyond South Africa

By: Martin Zhuwakinyu     7th June 2002 Although it will continue with its organic growth strategy in South Africa – where it generates most of its income – world number three platinum miner Lonmin says it will capitalise on its London base to seek opportunities elsewhere. 

Zim deal adds life to PGM junior

6th June 2002 Emerging platinum producer, Aquarius Platinum, has announced that it the will acquire a 50% stake in ZCE Platinum owner of the Mimosa Platinum Mine in Zimbabwe for US$39-million. 

New chairperson for Platinum No 2

6th June 2002 Long-serving board member Peter Joubert has been appointed non-executive chairperson of Impala Platinum with immediate effect. 

Canadians enter Bushveld platinum rush

5th June 2002 The sheer size of the Bushveld igneous complex in the north-east of South Africa, which hosts most of the world’s platinum, has attracted companies from all over the world, but particularly members of Canada‘s thriving junior mining and exploration sector. 

Platinum miner to close shaft after accidents

4th June 2002 World number two platinum producer Impala Platinum said it would close its 11 shaft in South Africa for several days after four workers were killed at the mine in May. 

Slag-cleaning furnace passes halfway mark

By: nkolola halwindi     24th May 2002 In a joint venture with Murray & Roberts Engineering Solutions, specialist in smelting technology and equipment Pyromet Technologies has completed 60% of the project for Anglo Platinum’s slag-cleaning furnace at the Waterfall Smelter. 

Climbing base metal prices serve smelting industry

By: nkolola halwindi     24th May 2002 With the increase in prices for base metals, the smelting industry has seen the need for 

Platinum No 3 meets expectations

24th May 2002 The world’s third-largest listed platinum miner, Lonmin, reported half-year pre-tax profits down 45% yesterday, in line with forecasts as a lower platinum price outweighed increased production. 

Surging output not enough to end platinum deficit

20th May 2002 Surging platinum output by South Africa will not be enough to overturn a global deficit in the metal as demand zooms surges from the auto sector, the world’s top platinum producer said. 

Giant drillrigs at work at Zim platinum-mine

17th May 2002 One of South Africa’s biggest and most experienced mining contractors, MCC, recently took delivery of two 45-t Driltech D40KS surface blasthole drillrigs which have been despatched to Zimbabwe for development work on the Zimbabwe Platinum Mines (Zimplats) Ngezi project. 

Environmental management cuts costs

17th May 2002 Significant cost savings have been realised at Kroondal Platinum Mine as a result of prior planning and proactive management of the environment. 

North American recession hurts platinum jewellery

15th May 2002 The amount of platinum sold in jewellery in North America last year fell sharply as economic growth faltered, yielding some ground to white gold as conspicuous consumption was trumped by cost consciousness, according to a new study. 

Platinum strike likely to be averted

14th May 2002 South Africa's National Union of Mineworkers (NUM) and platinum producer Anglo American Platinum (Angloplat) said on Monday a looming strike at the company over a new medical aid scheme might be averted. 

SA's role as Platinum Inc consolidates

14th May 2002 South Africa is set to consolidate its role as the world's most important platinum exporter with a slew of new mine expansions and projects, metals refiner Johnson Matthey said on Monday. 

PGM firm appoints new finance director

13th May 2002 Junior platinum company, Aquarius, has announced the appointment of Wally Vorwerk , 51, as finance director. 

Platinum major in exploration deal

10th May 2002 Platinum major, Anglo Platinum, has entered into an exploration joint venture agreement with Canadian mining and exploration company Anooraq Resources Corporation. 

Platinum prices fall as Russia resumes exports

3rd May 2002 Platinum prices fell to three-week lows and palladium to its lowest this year earlier this week on signs that key supplier Russia had resumed exports of the precious metals. 

Study progresses on new PGM prospect

30th April 2002 Emerging platinum group metals firm Aquarius reports that a feasibility study underway for Everest South Project is scheduled for completion by the end of this year. 

Marula platinum project, Limpopo

26th April 2002 Impala Platinum in a joint-venture with Mmakau Mining and a consortium representing Limpopo Province communities is developing a platinum-mine which will produce 100 000 oz/y of platinum during the initial phase. 

Mines take delivery of drilling equipment

By: Zonika Botha     26th April 2002 As specialist in providing cost-effective solutions to the mining industry, Hydro Power Equipment (HPE) is delivering new drilling equipment to two of its clients this month, director Andr 

Study on for another SA platinum-mine

By: Martin Zhuwakinyu     26th April 2002 UK exploration and mining firm Cluff Mining has commissioned a full feasibility study to investigate the production of about 200 000 oz of platinum-group metals (PGMs) a year at its Blue Ridge prospect, on the eastern limb of the Bushveld Complex. 

Zim platinum firm has big growth plans

26th April 2002 A number of expansion plans are on the drawing board at Zimbabwe Platinum Mines (Zimplats) to triple its production of platinum-group metals (PGMs) from 200 000 oz to 600 000 oz a year. 

SA platinum giant approves Canada exploration

25th April 2002 Canadian miner Pacific North West Capital (PFN) has announced that Anglo Platinum approved a $1,25-million dollar budget for the 2002 exploration programme on the Agnew Lake property. 

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