R/€ = 16.92 Change: -0.26
R/$ = 16.60 Change: -0.20
Au 1767.81 $/oz Change: -8.29
Pt 930.50 $/oz Change: 0.75

Platinum Group Metals News

Platinum major in Canada exploration deal

15th January 2002 South African platinum major, Anglo Platinum, has entered into a joint venture with Pacific North West Capital of Canada for the highly-prospective River Valley project located near Sudbury, Ontario. 

20% rise in platinum capex

By: Martin Zhuwakinyu     14th December 2001 Platinum-group metal (PGM) producer Lonmin Platinum (Lonplats) has, during the past year, increased its capital expenditure commitments for the nine years to 2008 by 20% to $665-million, in an effort to achieve its organic growth targets. 

20% rise in platinum capex

14th December 2001 Platinum-group metal (PGM) producer Lonmin Platinum (Lonplats) has, during the past year, increased its capital expenditure commitments for the nine years to 2008 by 20% to $665-million, in an effort to achieve its organic growth targets. For the year to September, the group produced 717 000 oz... 

Mine gets real-time production reports

14th December 2001 The world’s second-largest platinum producer Impala Platinum (Implats) Mineral Processes in Rustenburg, North West Province, has gone live with an integrated process plant operations system supplied by Solit, a leading developer of e-business software and an implementer and integrator of... 

Platinum leader on track for 12% output rise

13th December 2001 Anglo American Platinum Corp (Angloplat), the world's biggest platinum miner, said on Thursday it was on course to produce an estimated 2,35-million ounces of the metal in 2002, up 12% from this year. 

Platinum history celebrated

7th December 2001 Civil Engineering contractor Concor Engineering has had a proud and long-term involvement in the platinum industry dating from its first contract in 1986 for Northam Platinum Mine headgear steelwork. 

Keeping workers and the environment safe

7th December 2001 As a supplier of integrated safety health, environmental and quality (SheQ) risk management services, IRCA has a long standing relationship with Anglo Platinum (AngloPlat) and has been chiefly involved in designing, implementing and monitoring the groups’ health and safety systems. 

R1,4-bn project under way

By: Joanne Delaurentis     7th December 2001 Construction of Anglo Platinum’s Converting Process Project at its Waterval Smelter near Rustenburg, in the North West Province, is proceeding as planned, with hot commissioning of the plant on schedule for March next year, reports project engineering manager of Hatch Africa Jim Jarvis. 

Plat's third-largest commissions R185m furnace

By: Joanne Delaurentis     7th December 2001 Construction of the country’s third-largest platinum producer’s new circular furnace at its Western platinum-mine near Rustenburg in the North West Province is complete, with the commissioning under way. 

New furnace commissioned

By: Joanne Delaurentis     7th December 2001 The world’s second-largest platinum producer Impala Platinum Holdings (Implats) has commissioned a new 38 MW six-in-line furnace at its Mineral Processes operation in Rustenburg. 

New quad decline reaches 40% mark

By: Joanne Delaurentis     7th December 2001 The quadruple decline at the world’s second-largest platinum producer’s 14 shaft is under way, with some 40% of the work complete. 

R3m-worth of scrubbers for platinum

7th December 2001 Manufacturers of specialist process equipment, Lightnin Africa has made inroads into the platinum industry with its locally-designed attrition scrubbers. The company’s latest order is for five 5 m3 attrition scrubbers valued at more than R3-million. 

Shaftsinking imminent at new project

By: Joanne Delaurentis     7th December 2001 Platinum Producer Impala Platinum Holdings is preparing for shaftsinking at Winnaarshoek. 

Platinum puzzle: future autocat demand

By: Terence Creamer     30th November 2001 There is still significant angst among platinum-industry observers as to whether South African producers are doing the right thing by aggressively expanding into the supply-demand gap – the deficit is expected to be 360 000 oz this year. 

Local firm sells first hard-rock drill-rig to PGM mine

30th November 2001 Mining equipment firm Rham Equipment has rolled out its first locally designed and manufactured hard-rock drill rig. 

UK miner may dispose of non-platinum assets

30th November 2001 Veteran British mining entrepreneur Algy Cluff said the transformation of Cluff Mining into a focused platinum producer may force the disposal of its other assets across Africa. 

Canadians begin SA PGM drill programme

28th November 2001 The President and CEO of Anooraq Resources Corporation, Ronald W Thiessen, announced the start of the first phase of drilling on its Rietfontein farm on the prolific northern limb of South Africa’s Bushveld Igneous Complex. 

Hundreds-of-millions being lost to theft

26th November 2001 Theft in the mining industry has always been a highly sensitive and closely guarded secret. Mining houses have often been unwilling to divulge exactly how much complex metal-accounting systems estimate they lose as a result of the illegal trade in precious metals. 

Drilling starts on Canadian PGM property

26th November 2001 Canadian miner Pacific North West Capital (PFN) has announced that phase-one drilling has started on the Agnew Lake platinum-group metal (PGM) property in Ontario, Canada. 

Hundreds-of-millions being lost to platinum theft

23rd November 2001 Theft in the mining industry has always been a highly sensitive and closely guarded secret. 

Platinum-mine pipeline nears completion

16th November 2001 The good corrosion-resistant properties of glass fibre have convinced Anglo Platinum’s Rustenburg Platinum mines to use Flowtite glass-fibre reinforced polyester (GRP) pipe as past of the mine’s capital expansion programme. 

Green light for $38-million platinum expansion

By: Zonika Botha     16th November 2001 Not having the luxury of extensive ore reserves in South Africa, mining companies have little choice but to explore growth avenues elsewhere. 

Prices could cap SA’s platinum growth

15th November 2001 South Africa’s full-year platinum output will top four-million ounces for the first time, but a fall in metals prices could cap further growth plans, stated refiner Johnson Matthey. 

Jewellery in US post 'Terror Tuesday'

By: Laura Franz     9th November 2001 In spite of the September 11 terrorist attacks, fine jewellery remains US consumers’ third most popular gift option over the Christmas season for the second year in a row, says a study titled ‘Gift giving this holiday season’ which was conducted by MVI – a consulting firm... 

Outlook for SA mining pondered

By: Keith Campbell     9th November 2001 For SA mining, the effect of the 11/9/01 terrorist attacks in the US has been to accelerate a global economic downturn already underway, with the concurrent decline in the commodity markets. 

SA platinum giant in Ontario exploration deal

9th November 2001 The world’s largest platinum producer, Anglo Platinum, has approved Pacific North West Capital Corporation’s (PFN) recommended exploration budget of $2,25-million for the River Valley Project in Ontario for the next 12 months. 

SA mine output weaker than expected

8th November 2001 South Africa’s mining industry posted weaker-than-expected production figures in September, reflecting a protracted strike at platinum producer Northam Platinum. 

Platinum swoop ends in 40 arrests

7th November 2001 South African police swooped on platinum crime gangs, arresting 40 people in their drive to stamp out theft from mines and illegal trafficking in the metal, police divisional commissioner Johan de Beer said. 

Mine deaths a result of mindset

By: Martin Zhuwakinyu     2nd November 2001 Thirteen work-related deaths occurred at platinum-group metal (PGM) miner Impala Platinum Holdings’ Rustenburg division last year, while three more workers have lost their lives since the beginning of this year. 

Indian platinum jewellery demand surging

29th October 2001 Demand for platinum jewellery in India, the world’s largest consumer of gold, is likely to vault to some six tons in the next five years compared with a few kilograms currently, Platinum Guild International (PGI) said. 

Talks progress on continuous-mining system for Free State

29th October 2001 The development of a continuous-mining system by President Steyn Gold and Brandrill has now reached the stage where steps are being taken to facilitate commercial implementation. 

Concentrator engineering feat at PGM mine

26th October 2001 Messina Platinum Mining produced its first platinum concentrate six weeks ahead of schedule, after the commissioning of its interim concentrator plant at the end of June. 

New F State vision: mielies, gold and now jewellery

By: Irma Venter     26th October 2001 After suffering a setback earlier this year with the closure of Via D’oro, the Free State jewellery cluster is again launching a concerted effort to become a jewellery manufacturing force. 

Platinum firm on fuel-cell watch

22nd October 2001 The world’s leading platinum producer, Anglo Platinum, continues to closely observe the emerging technology of fuel-cells, which could boost the demand for platinum significantly in the coming decades. 

Feb start for Winnaarshoek declines

By: Martin Zhuwakinyu     19th October 2001 Top platinum group metals (PGM) miner Impala Platinum Holdings (Implats) will in February start developing the first of two declines at the planned Winnaarshoek mine, on the eastern limb of the Bushveld Complex, in the Northern Province. 

New system for platinum-mine

12th October 2001 Phases one of a 20-week project to implement a mineral resource management (MRM) system at Impala Platinum’s number 14 shaft, valued at R2,5-million is under way at present reports, GMSI project co-ordinator responsible for implementation of projects Pieter Nel. 

Refinery gets a new management system

12th October 2001 Leading suppliers of operations management systems (OMS) solutions Keops Isis has secured a multimillion rand contract with Western Platinum precious metals refinery. 

Fresh PGM moves on Bushveld East limb

12th October 2001 Canadian resources company, SouthernEra Resources reports the acquisition of a 100% interest in the Millennium platinum-group metals (PGM) project located on the eastern limb of the Bushveld Igneous Complex in South Africa. 

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