R/€ = 17.7648 Change: -0.0600
R/$ = 17.1436 Change: 0.0442
Au 1741.82 $/oz Change: -16.42
Pt 992.00 $/oz Change: 8.00

Platinum Group Metals News

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. 

Group’s PGM feasibility studies advancing

1st October 2002 UK-based mining and exploration group, Cluff Mining is a company whose activities are focused on its Platinum Group Metals (PGM) projects in South Africa. 

Mining group postpones unbundling meeting

1st October 2002 South African mining holding company Gencor said late yesterday that it had agreed to postpone a shareholders' meeting after lawyers said they were seeking a court injunction to stop it from unwinding its main asset. 

Empowerment miner 'hungry for projects'

By: Deborah Spicer     27th September 2002 JSE Securities Exchange-listed New Mining Corporation is in discussions with Anglo Platinum, and others, about establishing empowerment partnerships, reports New Mining Corporation chairperson Sello Rasethaba. 

New life for 'pioneer' gold-mine

By: Joanne Delaurentis     27th September 2002 The redevelopment of African Pioneer Mining’s (APM) Agnes gold-mine, situated near Barberton in Mpumalanga, will reach full production early next year. 

Another PGM empowerment deal imminent

27th September 2002 South African mining company, Avmin, and the world’s second-largest platinum producer, Impala Platinum, are in the final stages of discussions with a black economic empowerment (BEE) group to sell a 20% interest in the Two Rivers Platinum project, which is being planned for development next... 

Study to start on newly-released PGM farms

By: Zonika Botha     25th September 2002 Following the Department of Minerals & Energy's allocation of three former Anglo Platinum farms to Canadian company SouthernEra Resources and black-empowered firm Mvelaphanda Resources, in August this year, the farms are currently being analysed, and as such, no announcements have yet been made... 

Messina platinum plant commissioned

23rd September 2002 Canadian miner, SouthernEra Resources has announced the successful commissioning of the Messina Platinum Mine’s new 90 000t per month Phase 1 Platinum Concentrator Plant. 

Study starts on newly-released PGM farms

By: Zonika Botha     20th September 2002 Following the Department of Minerals & Energy’s allocation of three former Anglo Platinum farms to Canadian company Southern Era Resources and black-empowered firm Mvelaphanda Resources, in August this year, the farms are currently being analysed, and as such, no announcements have yet been... 

Mechanised system to boost platinum-mine's productivity

By: Joanne Delaurentis     20th September 2002 A new mechanised mining method to be implemented at SouthernEra’s Messina platinum-mine is expected to increase safety and productivity, as well as decrease overall costs by some 7%, chief operating officer Mike Eksteen tells Mining Weekly. 

Platinum unbundling set for November

17th September 2002 South African holding company Gencor said on Monday it would distribute its stake in Impala Platinum to shareholders on November 4, but analysts warned the unwinding could still be stalled by legal claims. 

Drilling for PGMs on north-limb farm

16th September 2002 Canadian miner, Anooraq Resources last week announced assay results from drill hole AR 3, cored on its Rietfontein property, located on the northern limb of the Bushveld Complex in South Africa. 

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