R/€ = 17.7589 Change: -0.0660
R/$ = 17.1427 Change: 0.0434
Au 1740.50 $/oz Change: -17.74
Pt 990.84 $/oz Change: 6.84

Platinum Group Metals News

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. 

Marula Platinum Project

29th November 2002 Name of the project and location Marula Platinum Project, Limpopo Province. Project description Impala Platinum in a joint-venture with Mmakau Mining and an empowerment consortium representing Limpopo Province communities is developing a platinum mine with the potential to produce 175 000 ounces... 

R1,6bn PGM tailings project announced

By: Joanne Delaurentis     29th November 2002 The world’s largest platinum producer, Angloplats, has announced that it will proceed with the development of a R1,6-billion tailings retreatment project at its Rustenburg Platinum Mine complex, near Rustenburg in the North West Province. 

Lomin reports higher output, lower profits

28th November 2002 South African-based miner Lonmin reported a 32% fall in annual net profit yesterday, pulled down by lower platinum group metals prices, but said the outlook for platinum was strong over the next year. 

Platinum boom attractive, but dangers lurk

27th November 2002 Soaring demand for platinum is luring new miners and inspiring expansion projects in top producer South Africa's Bushveld complex, but analysts and industry players say many may not survive the rush. 

SouthernEra announces new East limb drill results

27th November 2002 Platinum group metals producer, SouthernEra Resources has announced initial results from the second phase drilling programme at the company’s 100%-owned Millennium Platinum Project on the Eastern Bushveld in South Africa. 

Palladium to get no quick lift from Norilsk deal

25th November 2002 Plans by Russian palladium miner Norilsk Nickel to buy US firm Stillwater Mining could benefit the metal's weary auto industry consumers but may come too late to halt them using alternatives, analysts said last week. 

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. 

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