R/€ = 18.4536 Change: -0.0457
R/$ = 17.5300 Change: -0.0201
Au 1797.91 $/oz Change: 0.00
Pt 1020.00 $/oz Change: 0.00

Platinum Group Metals News

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. 

PGM hopeful, sells SA gold unit

22nd April 2002 London-listed Cluff Mining said it was selling its South African gold subsidiary as it focuses on its platinum group metals interests. 

Strike fears drive platinum to 9-month highs

19th April 2002 Platinum prices jumped to a nine-month high in Europe yesterday and may rise further, fuelled by angst that another strike at the world's largest platinum refinery might reduce supplies, analysts said. 

Russia could take shine out of platinum

18th April 2002 Platinum prices have neared their highest levels in nine months this week but do not expect the shine to last if key producer Russia unleashes its stockpile of the prized asset, analysts said. 

Still big scope for mining empowerment

12th April 2002 THERE is scope for many more empowerment transactions in the resources sector. 

Waterval mines and smelter (platinum project)

12th April 2002 The Rustenburg Waterval project will add 395 000 oz of platinum to Anglo Platinum’s yearly production. The project consists of additional infrastructure at existing shafts, a new mine and a concentrator 

Platinum concentrator plant is to be completed in Sept

12th April 2002 Project manager and design consultant Dowding Reynard and Associates (DRA) has been given the go-ahead to proceed with the Voorspoed concentrator project for Messina Platinum Mining. 

Refinery workers expected to go back to work

11th April 2002 South African miner Anglo Platinum said it expected striking staff at its base metals refinery to be back at work at their next shifts after a court ruling, and reiterated that production had not been affected. 

Another platinum mine on the map for SA

10th April 2002 UK firm Cluff Mining said it will fast-track its South African Blue Ridge Platinum Project in the eastern limb of the Bushveld Complex, which could produce 200 000 ounces of platinum-group metals (PGM) a year. 

Very different outlooks for PGM sisters

5th April 2002 It appears that forecasts that palladium would battle to keep up with its sister metal platinum appear to be coming true. This week palladium slumped to $373/oz from its earlier high of over $380/oz. 

Anglo Platinum Converting Process (ACP) Project, Rustenburg

5th April 2002 The ACP project is designed to reduce sulphur dioxide emissions from 130 t/d to less than 20 t/d the Waterval Smelter complex in Rustenburg significantly and increase converting capacity. The plant incorporates new worldwide trends in smelter technology. 

PGM miner's 600 000 oz vision for 2006

5th April 2002 Australian PGM producer Aquarius Platinum is planning to simplify its corporate structure stating that its current model is inefficient and was the result of the need to raise finance and deal with rapid growth. 

Small Russian PGM producers get export quota

2nd April 2002 Russia’s government has granted small platinum group metals producers and banks quotas to export these metals in 2002, a senior official of the state precious metals export agency Almazjuvelirexport said. 

K4 Shaft, (Platinum Project)

29th March 2002 The K4 vertical shaft at Karee platinum mine will comprise an 8,6 m-diameter circular vertical shaft, with two 20,5 t skips hoisting a total of 265 000 t of rock a month. The shaft is expected to be ready for commissioning in 2007. 

Destination Platinum: Bushveld's Eastern Limb

28th March 2002 Some prudent investment advice has been heard from those in the know regarding the still somewhat sleepy towns of Steelpoort, Burgersfort and Lydenburg in the north-east of South Africa. 

Platinum workers on strike

28th March 2002 Hundreds of workers downed tools at Anglo American Platinum’s base metals refinery in South Africa yesterday, union officials said, but the company said production was not affected. 

First aid needed for mining safety in S Africa

22nd March 2002 Despite large-scale efforts being made on all fronts to improve safety in the mining industry, calculations from the chief inspector of mines indicate that a woeful 59 lives were lost in the first two months of this year in the platinum and gold sectors alone – this equates to one mine... 

Another eastern limb site is under intensive study

22nd March 2002 The latest site of intensive platinum-group metal (PGM) exploration on the high-yielding Bushveld Igneous Complex’s eastern limb is the Helena and Der Brochen farms. 

Aussie PGM firm wants main-board London listing by May

18th March 2002 Emerging platinum producer Aquarius has applied to the London Stock Exchange (LSE) to migrate its current listing from the Alternative Investment Market (AIM) to the main board of the LSE. 

Resources firm prepares for nickel and PGM projects

By: Terence Creamer     15th March 2002 In spite of a seriously stretched balance sheet, South African resources company Anglovaal Mining (Avmin) is set to continue its strategy of developing modern, mechanised mines with plans for two new projects progressing well. 

How safety boosts share value

11th March 2002 New Impala Platinum (Implats) CEO Keith Rumble has a passion for safety in the work environment. There are two reasons for his commitment, the first being that safety saves lives, and the second that a good safety record boosts share values. 

How safety boosts share value

8th March 2002 The new Impala Platinum (Implats) CEO Keith Rumble has a passion for safety in the work environment. There are two reasons for his commitment, the first being that safety saves lives, and the second that a good safety record boosts share values. 

Multibillion PGM expansion plan is justified – Davison

By: Martin Zhuwakinyu     8th March 2002 Platinum-group metal (PGM) miner Anglo Platinum reports that its expansion programme to produce 3,5-million ounces of refined platinum by 2006 – once criticised by industry watchers with misgivings about the market’s capability of absorbing the extra output – is firmly on track. 

Another eastern-limb site receives attention

6th March 2002 The latest site of intensive platinum-group metal (PGM) exploration on the high-yielding Bushveld Igneous Complex’s eastern limb is the Helena and Der Brochen farms. 

Jewellery project roll-out in planning

By: Irma Venter     1st March 2002 As the pilot phase of the Kgabane jewellery project speeds towards its end, plans for a roll-out to the rest of the country are on the drawing board. 

Gold firm's PGM search intensifies

26th February 2002 South Africa’s second-biggest gold-miner is continuing its quest to become a platinum supplier although recession has weakened demand for the metal from industry, the company said. 

PGM prices to be subject to mood swings

26th February 2002 Platinum and palladium prices will remain vulnerable to mood swings and range widely this year despite attempts by key producer Russia to stabilise the market, Standard Bank London said. 

PGM refining division generates fine earnings

22nd February 2002 Business at South Africa’s second-largest platinum company’s refining arm is booming. 

PGM plant gets 50% throughput boost

22nd February 2002 An upgrade of the Kroondal platinum-concentrator plant for Aquarius Platinum has been completed ahead of time and below budget by project manager and design consultant Dowding, Reynard & Associates (DRA). 

Mining starts at Marikana mid-year

By: Martin Zhuwakinyu     22nd February 2002 The mining contractor for Aquarius Platinum’s 74,5%-owned Marikana opencast operation is to be appointed by the end of this month, enabling mining to start around mid-year, new business manager Gordon Ramsay tells Mining Weekly. 

SA gold No 2 continues offshore diversification

By: Keith Campbell     22nd February 2002 Gold Fields (GFL) continues to seek geographic and product diversification within the precious metals sector. 

Platinum leader on track for 3,5m oz output

20th February 2002 Leading platinum-group metal (PGM) miner Anglo Platinum is confident that it will attain its planned production target of 3,5-million ounces of platinum a year by 2006 and that the market is growing sufficiently rapidly to absorb the extra output. 

Cost focus at platinum No 4

By: Irma Venter     15th February 2002 Following disappointing results for the six months ending December, Northam Platinum believes a cost-containment strategy should improve the outlook for the next six months. 

Small company, big capex ideas

By: Keith Campbell     15th February 2002 Anglovaal Mining, although one of the country's smaller mining companies, could account for up to 10% of all mining investment in SA from 2001 to 2006. 

Platinum No 2 developing Kroondal look-alike

13th February 2002 South Africa’s second-largest platinum-miner hopes to develop a Kroondal look-alike at its Winnaarshoek project on the eastern limb of the Bushveld. 

SA gold-miner finds more Finnish platinum

12th February 2002 South African miner Gold Fields and Outokumpu have announced new platinum-group element (PGE) resources of 5,1-million ounces at their Arctic Platinum Partnership (APP) in Finland. 

Canada gold-Oz platinum firms terminate merger talks

12th February 2002 Canadian gold major Placer Dome and South Africa’s Aquarius Platinum said that they had held unsuccessful merger talks, which bolstered Aquarius shares on hopes that other bids may emerge. 

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