R/€ = 16.95 Change: 0.14
R/$ = 16.63 Change: 0.16
Au 1788.00 $/oz Change: -2.18
Pt 942.50 $/oz Change: 3.00

Platinum Group Metals News

Far from slowing, work is actually marginally ahead

7th September 2001 The gargantuan 75% expansion being undertaken by the world's largest platinum company is marginally ahead of schedule, divisional director of projects Mike Halhead tells Mining Weekly. 

Another big platinum project announced

7th September 2001 South Africa’s Anglo Platinum said it would proceed with the development of a new platinum-group metals (PGMs) mine in the country’s Bushveld Igneous Complex. 

Davison's strong strategic stand

By: Zonika Botha     7th September 2001 Barry Davison is standing four square behind his strong growth plan. 

Minister praises company for exemplary black empowerment

By: Zonika Botha     7th September 2001 Black empowerment has arrived in exemplary fashion at Anglo Platinum – so much so that Minerals and Energy Minister Phumzile Mlambo-Ngcuka has dubbed Angloplatinum MD Barry Davison a ‘true pioneer in empowerment in mining’. 

Title's onerous implications

By: Zonika Botha     7th September 2001 Though Americans have been familiar with the term for some time, to some South Africans COO is still new. 

Far from slowing, work is actually marginally ahead

By: Zonika Botha     7th September 2001 The gargantuan 75% expansion being undertaken by the world’s largest platinum company is marginally ahead of schedule, divisional director projects Mike Halhead tells Mining Weekly. 

20% blacks at the top level

By: Zonika Botha     7th September 2001 To become the first black executive director at the world’s largest platinum company would be a daunting task for most, but for Eric Ngubane, in charge of Anglo Platinum’s human resources, this is a welcome challenge he is more than capable of taking up. 

Eyes still on Moscow

By: Zonika Botha     7th September 2001 Sharply rising prices may be beneficial in the short term. But, for every wild price rise, there is a market reaction, often adverse. 

Innovation essential to beat high chrome and also high costs

By: Zonika Botha     7th September 2001 The high chrome content in Upper Group Two (UG2) platinum reef as well as the ever-increasing cost of narrow-reef underground mining are posing twin challenges to South Africa’s technical fraternity. 

Improved ultrafines recovery

7th September 2001 A further order for locally-manufactured and locally-designed flotation cells has been placed on Svedala South Africa to process Upper Group Two (UG2) ore at Anglo Platinum’s Union Section expansion project. 

First cranes order placed in years

7th September 2001 In its first major mining contract from the mining industry in years, Demag Cranes and Components of Gauteng has received a multi-million rand order from the world’s largest platinum company for the Waterval Smelter and Upper Group Two Anglo Platinum Converting Process project at Rustenburg. 

100 000 accident-free hours

7th September 2001 More than 100 000 accident-free hours have been recorded by the Gauteng company DSE Structural Engineers and Contractors since the inception of the Waterval ACP Convertor project, DSE marketing manager Ian Muir reports. 

How Davison dealt with rapid-fire questions from floor

7th September 2001 Are you expecting to make all your expansion targets between now and 2006? Yes, we have recommitted ourselves to produce 3,5-million Pt oz/y by 2006. So are you still expecting to realise all those targets you set out to achieve? There is an element of flexibility in all of the projects. For... 

Russians keep PGM market guessing

6th September 2001 The Russians are continuing to keep the world guessing with regard to their precise platinum-group metals (PGM) sales strategy. 

PGM search under way in Malawi

By: Marcel Chimwala     31st August 2001 MALAWI – The Malawian exploration arm of UK resources firm Agricola Resources says it is making progress in its exploration for high-value precious minerals such as platinum-group metals (PGMs) and nickel in the country. 

Why Sexwale is talking platinum with Russians

By: Martin Creamer     31st August 2001 The former Gauteng premier, whose Mvelaphanda has a 22,5% interest in South Africa's fourth-largest platinum company, tells Mining Weekly that he has held informal platinum discussions with the Russians – and intends holding more. 

Messina PGM ahead of schedule

31st August 2001 Canadian resources company Southern Era has noted approval of R345-million debt financing for the Messina platinum group metals (PGM) project in South Africa as a key highlight of its second quarter. 

SA multi-commodity group eyes R500m PGM prospect

31st August 2001 South Africa’s Anglovaal Mining has reported lower earnings for the year ended June 30, 2001, due mainly to the absence of royalty income from a diamond joint venture that was sold last year. 

Strategy cast in platinum

By: Terence Creamer     24th August 2001 Anglo Platinum’s (AngloPlat) Barry Davison is refusing to blink and is sticking to his plan to grow output to 3,5-million ounces by 2006. 

Northam plans 15% output boost

24th August 2001 Platinum-group metal (PGM) producer Northam Platinum has announced conservative plans to increase production by 15% this year. 

Gauteng's mining heritage is fading away

By: Keith Campbell     24th August 2001 Johannesburg's – and Gauteng's – rich mining and minerals heritage is being lost through neglect. 

Platinum empowerment: even the tea lady will benefit

22nd August 2001 Black economic empowerment of the rich new platinum-mine Maandagshoek will mean that even the tea lady will benefit from bonuses. 

Canadian gold company scours for platinum

By: Martin Zhuwakinyu     17th August 2001 South Africa’s booming platinum-mining sector features on the radar screen of Canadian company Placer Dome, which has announced its intention to have more non-gold assets in its portfolio, prompted by uncertainty surrounding the yellow metal’s price in the long term. 

R3m more for platinum prefeasibility

17th August 2001 Had Harmony Gold Mining’s Stella asset, in the North West Province, been a gold deposit and not platinum, the company would have already be mining it, says CEO Bernard Swanepoel. 

Implats man to head Aussie PGM group

14th August 2001 Former Impala Platinum business manager Stuart Murray has been appointed Aquarius Platinum CEO. 

Gold-miner's diversification advances

10th August 2001 South Africa’s second-largest gold producer, Gold Fields’ aspirations of going beyond gold seems to have hit paydirt. 

SA’s fourth platinum producer falls down on poor production

3rd August 2001 Make hay while the sun shines – or maximise platinum production while the price is high – is an idiom lost on South Africa’s fourth-biggest platinum company. 

Tunnel-boring goes platinum

13th July 2001 The world’s largest platinum producer, Anglo Platinum, has completed a project which is expected to revolutionise the future of opening ore reserves and developing new mines, Mining Weekly can today report. 

Dwarsrivier PGM drilling imminent

By: Martin Zhuwakinyu     29th June 2001 The contractor to undertake the exploration drilling programme to confirm the preliminary evaluation of the Dwarsrivier platinum-group metals (PGMs) prospect, in Mpumalanga, is to be appointed by the end of this month, Mining Weekly has been told. 

Dwarsrivier PGM drilling imminent

29th June 2001 The contractor to undertake the exploration drilling programme to confirm the preliminary evaluation of the Dwarsrivier platinum-group metals (PGMs) prospect, in Mpumalanga, is to be appointed by the end of this month. 

Platinum shaft-sinking on schedule

27th June 2001 Progress on the main shaft and larger mine at SouthernEra’s Messina platinum project continues on schedule for production start up in the last quarter of 2002. 

Wise co-operation saves $60-million

By: Irma Venter     25th June 2001 Working together on the Pandora project near Brits, in the North West Province, will save Lonmin Platinum and Anglo Platinum $60-million in capital costs, says Lonmin Platinum (Lonplats) MD Peter Ledger. 

Platinum-mine on fast track

By: Zonika Botha     22nd June 2001 The deepening of SouthernEra's Voorspoed mine shaft from 350 m to 400 m and establishment of final underground infrastructure is being fast-tracked with design and implementation under way. concurrently 

Platinum-mines mechanise to meet production demands

22nd June 2001 With all platinum producers announcing expansion plans to meet record world demand, Sandvik Tamrock has emerged a leader in the development of modern mechanised mining technology that will enable the raw material to be extracted more efficiently and cost-effectively. 

Dryer completed for platinum smelter

By: Joanne Delaurentis     22nd June 2001 Johannesburg drying systems manufacturer Drytech has completed all the modifications and running in of the 18 MW concentrate flashdrier for Anglo Platinum (AngloPlat) Waterval smelter in Rustenburg in the North West Province. 

R20m contract awarded for flotation cells

22nd June 2001 A further contract for RCS flotation cells at Anglo Platinum Mortimer concentrator plant in Rustenburg, in the North West province, has been awarded to Svedala. The order valued in the region of R20-million is for 22 50 m3 and 18 30 m3 flotation machines to be used in the upperground two circuit. 

Firm completing contracts worth R15m

22nd June 2001 Contracts valued at more than R15-million at Impala Platinum are currently being completed by B&W Industrial Technology, a division of Set Point Industrial Technology. 

BEE firm in platinum projects worth R70m

22nd June 2001 Based in Rustenburg, in the North West Province, Bafokeng Civil Works says that it is ideally situated to offer its range of construction services to manufacturing organisations throughout the Southern African region, with special emphasis on the delivery of top service and completed products to... 

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