R/€ = 18.1280 Change: -0.0043
R/$ = 17.1685 Change: -0.0091
Au 1789.78 $/oz Change: 0.22
Pt 1008.52 $/oz Change: -0.94

Platinum Group Metals News

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. 

Platinum No2's big capex programme

7th February 2002 South Africa’s second largest platinum producer will be spending more than a billion rand year on capital projects for the next three to five years, Impala Platinum financial director David Brown stated at yesterday’s solid half-year results for six months ending on December 31, 2001. 

New modelling software for mine

1st February 2002 The acquisition of another geological modelling seat brings to four the number of seats purchased from Datamine South Africa by Impala Platinum. One of the seats will be used at Crocodile River mine which has restarted opencast mining. 

430 screens from local company in the world

1st February 2002 Delivery of what is believed to be the largest single-phase furnace transformers for smelter applications in the world – each unit weighing in the order of 130 t – will be delivered to Anglo Platinum’s Pietersburg smelter in the Northern Province in October. 

New-era mill-relining equipment for Wits gold-mine

1st February 2002 Australian company Russell Mineral Equipment (RME) has introduced innovative mill-relining equipment at South Deep Mine, on the Witwatersrand Basin. 

Platinum No 4 hopeful of operational turnaround

1st February 2002 Although Northam’s results for the six months ended December 31, 2001, had been disappointing due largely to substantially lower dollar metal prices and the effects of the unfortunate strike action in the first quarter, there were encouraging signs of an operational rebound, said MD Ian... 

Hydrocyclone cluster contract

1st February 2002 A R720 000 contract for the supply of hydrocyclone clusters for the Messina Platinum Voorspoed concentrator plant, near Pietersburg, was secured by Linatex Africa. 

Giant pumps delivered to platinum mine

1st February 2002 The largest metal mill-discharge pumps reportedly ever supplied to a platinum mine in South Africa were manufactured locally by the CH Warman Pump Group and delivered to the the Waterval UG2 plant in Rustenburg in June last year. 

PGM: SA's top mineral commodity earner

By: Zonika Botha     1st February 2002 Platinum Group Metals (PGM) mining is South Africa’s top mineral commodity earner, with total sales amounting to R27,1-billion in 2000, the majority of which was directed to the export market, Department of Minerals and Energy chief mineral economist for gold and PGMs Alex Conradie reports. 

Test-rig goes to work at platinum-mine

1st February 2002 A revolutionary approach to the design and construction of platinum processing operations has increased revenue for South Africa’s third-largest producer by several million rands a month. 

Platinum tops mining company's project list

By: Zonika Botha     1st February 2002 Specialist underground hard-rock mining and drilling company, Cementation Mining Skanska, recorded a turnover of R700-million in its 2000 financial year and, although the latest results have not officially been announced, a good performance is expected for 2001. 

PGMs – metals of diversity

1st February 2002 Sharing many of the same physical and chemical properties, platinum, palladium, rhodium, ruthenium and iridium form the cornerstones of the platinum group metals (PGM) industry. 

Platinum moves from 'cold' to 'cool' on the jewellery front

1st February 2002 Platinum jewellery is setting fashion trends internationally as it extends its reach into countries as diverse as China, India and the US. 

20-year gas-supply for platinum producer

By: Zonika Botha     1st February 2002 Leading industrial and speciality gas manufacturer and supplier Air Products South Africa has secured a 20-year over-the-fence gas contract to supply oxygen, nitrogen, as well as plant and instrumentation air to Anglo Platinum’s R1,4-billion Converting Process (ACP) plant at Rustenburg, in... 

Autocats: platinum's rise is palladium's fall

1st February 2002 Last year saw the fortunes of sister platinum-group metals platinum and palladium come into stark contrast; global demand for platinum was forecast to increase by 5% to a record 5,94-million ounces, meanwhile, after experiencing a rapid growth throughout the second half of the 1990s, demand for... 

Fuel-cells: driving platinum into the future

1st February 2002 With the development of platinum-bearing fuel cells continuing to flourish, the industry is growing increasingly optimistic about its role in this future high-potential application. 

First-phase drilling begins

1st February 2002 Canadian company Anooraq Resources Corporation (ARQ) has started with the first phase of drilling on its Rietfontein farm in the prolific northern limb of the Bushveld Igneous Complex. 

Rail-resistance monitor installed

1st February 2002 Following successful trials by Anglo Allied Engineering, Bender’s recently developed A-Isometer IRDH375/575 relay was installed at Impala Platinum, located on the Bushveld Complex in the north-west of South Africa. 

Replaceable blades prolong impeller life

1st February 2002 A contract was recently completed by Eimco Process Equipment for 30 sets of impeller blades on the 20 m3 Wemco attrition scrubbers supplied to Anglo Platinum’s Potgietersrust Platinum Mines. 

R44-m concentrator plant contract awarded

1st February 2002 Two contracts valued at R44-million have been awarded to WBHO in the Rustenburg area. 

Conveyor installation at platinum mine

1st February 2002 In November last year, Anglo Platinum awarded ETS a service contract for the design and engineering of the materials handling portion of the new Maandagshoek mine near Burgersfort. 

Furnace transformers are destined for SA smelter

1st February 2002 Specialist electrical engineering consulting company Redwing Technologies, acting on behalf of Tamini Trasformatori, of Italy, has had a remarkable result over the last two years in terms of special transformer orders and sales in Southern Africa. 

R20-billion capital-project spend for SA's platinum producers

By: Shona Kohler     1st February 2002 To meet the increasing global demand for platinum, South Africa’s producers will collectively invest around R20-bn in some 20-odd capital projects over the next five years. Following here is a breakdown of these producers and their respective development projects: 

SA-Canadian platinum JV

1st February 2002 Last month saw South African platinum giant Anglo Platinum enter into a joint venture with Pacific North West Capital Corporation pertaining to the River Valley Project, located in Ontario, Canada. 

Conveyor system supplied

1st February 2002 The design, engineering, supply, manufacture and construction of the conveyor system at Impala Platinum’s UG2 ore separation project north-west of Rustenburg, has been completed by Bafokeng Bateman Engineering. 

Unearthing platinum's rich past

By: Shona Kohler     1st February 2002 The use of platinum dates back to 700 BC, when the Ancient Egyptians first mastered techniques for processing the metal. 

Mining dump-trucks refurbished

1st February 2002 Pretoria-based JCB Engineering and Mining Supplies is using Oerlikon Carbofil metal inert gas (MIG) wire in the refurbishment of bowls for Cat 785 mining dump-trucks belonging to AngloPlats Sandsloot opencast mine, in Potgietersrus. 

Water chillers for north-west mine

1st February 2002 Two of the largest ammonia water chillers have been installed at Anglo Platinum’s section number one shaft, near Thabazimbi, in the north-west of South Africa, by York International. 

Construction at new PGM mine moving apace

31st January 2002 Australian-listed Aquarius Platinum reported good operational performance for the quarter ended December 31, 2001, and announced progress on both the Marikana and Everest South projects. 

Rand's fall is platinum's gain

30th January 2002 World number one platinum producer Anglo American Platinum (Angloplat) said on Wednesday it would post better-than-expected headline full year earnings of eight billion rand ($930 million). 

Pretoria jewellery workshop initiated

29th January 2002 The Minister of Minerals and Energy, Phumzile Mlambo-Ngcuka has initiated an African jewellery-making and craft workshop at the Council for Scientific and Industrial Research (CSIR), which is based near Lynwood, in Pretoria. 

Platinum-miners start cooperating in research

By: Martin Zhuwakinyu     25th January 2002 South Africa’s top three platinum-group metal (PGM) producers are mulling a co-operation agreement on research and development (R&D), aimed at rationalising expenditure for the greatest collective benefit. 

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