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Platinum Group Metals News

Tsodilo gets green light to list on OTCQB

By: Donna Slater     4th March 2021 TSX-V-listed diamond and metals exploration company Tsodilo Resources has received approval to start trading on the OTCQB Venture Market under the symbol TSDRF as of the start of trading on March 4. Chairperson and CEO James Bruchs says the company believes a secondary listing on this market... 

ARM board approves R5.7-billion Merensky project at Two Rivers mine  

By: Martin Creamer     3rd March 2021 The board of diversified mining company African Rainbow Minerals (ARM) has approved the Merensky reef project at the Two Rivers platinum group metals (PGMs) mine, ARM CEO Mike Schmidt said on Wednesday after the company reported record financial results. The ARM-managed Two Rivers is a joint... 

ARM board approves R5.7-billion Merensky project at Two Rivers mine
African Rainbow Minerals growth projects report by Mining Weekly’s Martin Creamer: Video: Darlene Creamer.

The major challenge of the mining industry is the imperative of growth – Dr Motsepe  

By: Martin Creamer     3rd March 2021 The major challenge of the mining industry is the imperative of growth, African Rainbow Minerals (ARM) executive chairperson Dr Patrice Motsepe said on Wednesday, when the 25 000-employee ARM reported record financial results. “You’ve got to replace the orebody that you’re mining with an equally... 

The major challenge of the mining industry is the imperative of growth – Dr Motsepe
African Rainbow Minerals interim results report by Mining Weekly’s Martin Creamer: Video: Darlene Creamer.

Catalytic qualities of platinum driving constant innovation – WPIC

By: Donna Slater     3rd March 2021 Having been discovered two centuries ago, the use of platinum as a catalyst is driving new catalyst applications, reports platinum demand investment stimulator the World Platinum Investment Council (WPIC). In the early decades of the nineteenth century, scientist Sir Humphry Davy stumbled on the... 

Eastplats nears million-tonne chrome concentrate output, advances PGM study

By: Marleny Arnoldi     3rd March 2021 JSE-listed Eastern Platinum (Eastplats) produced 987 003 t of chrome concentrate in 2020 from its retreatment project at Barplats Mines, at the Crocodile River Mine property, in North West. The company produced 588 006 t of chrome concentrate in 2019.  

African Rainbow Minerals' earnings soar 134%, interim dividend declared

By: Martin Creamer     3rd March 2021 Despite Covid-19-related global economic challenges and uncertainty, African Rainbow Minerals (ARM) on Wednesday reported record headline earnings of R5 039-million for the six months to December 31. This represented a 134% increase compared with the corresponding of 2019 and was underpinned by... 

African Rainbow Minerals' earnings soar 134%, interim dividend declared
Photo by Creamer Media
African Rainbow Minerals executive chairperson Dr Patrice Motsepe

Resources Watch  

3rd March 2021 This week: Anglo achieves resilient performance in a tough year; Implats in final stages of approving R10bn worth of new platinum projects; And, South African miners to focus on competitiveness and embrace 4IR to thrive 

Resources Watch
Resources Watch

PGMs project will ensure Marikana’s sustainability for 50 years-plus – Sibanye 

By: Martin Creamer     2nd March 2021 The unrivalled and tier-one K4 platinum group metals (PGMs) project in North West province will ensure sustainability of Marikana for over 50 years, Sibanye-Stillwater CEO Neal Froneman told the BMO conference on Monday. Speaking on a YouTube presentation covered by Mining Weekly, the head of the... 

PGMs project will ensure Marikana’s sustainability for 50 years-plus – Sibanye
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Super-cycling PGMs being shielded from demand-hit repeat of 2000s – Froneman  

By: Martin Creamer     2nd March 2021 Platinum group metals (PGMs) are moving into a super cycle and producers are working with end-users to prevent the metals going through a repeat of the demand-destruction phase that took place in the early 2000s, Sibanye-Stillwater CEO Neal Froneman told the BMO conference on Monday. Speaking on... 

Super-cycling PGMs being shielded from demand-hit repeat of 2000s – Froneman
Outlook for platinum group metals positive as they enter super cycle, says Sibanye-Stillwater.

Platinum jewellery had a strong fourth quarter, says the PGI

By: Marleny Arnoldi     1st March 2021 In the fourth quarter of last year, platinum outperformed other jewellery categories such as gold and delivered remarkable 14% year-on-year growth in fabrication. The Platinum Guild International (PGI) reports that, although China’s economy ended on a high note in the fourth quarter, retail... 

Platinum jewellery had a strong fourth quarter, says the PGI

Anglo CEO talks hydrogen, recycling, Scope 3, material solutions provision  

By: Martin Creamer     1st March 2021 The surge of the hydrogen economy, the need to recycle, halving Scope 3 emissions through iron-ore-linked green steelmaking, assisting South Africa to create new industries, and becoming a one-stop material solutions provider, were among the issues discussed by Anglo American CEO Mark Cutifani in... 

Anglo CEO talks hydrogen, recycling, Scope 3, material solutions provision
Anglo American CEO Mark Cutifani interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Sibanye-Stillwater provides full bursaries to 12 top matriculants

By: Schalk Burger     26th February 2021 Twelve top-performing matriculants from disadvantaged schools around precious metals miner Sibanye-Stillwater's South African operations will be awarded full bursaries to pursue tertiary studies at local universities. “We are extremely pleased to be able to provide these top learners, who have... 

Implats, 4IR and Target North make headlines   

26th February 2021 Mining Weekly Editor Martin Creamer unpacks Implats' R10-billion worth of new platinum projects, the feasibility study on a mine selected for the testing of Fourth Industrial Revolution technologies and the Greenfield exploration drilling that has restarted at Target North.   

Implats, 4IR and Target North make headlines
Implats, 4IR and Target North make headlines

Higher prices, depreciation of the rand gave RBPlat's 2020 performance a boost

By: Donna Slater     25th February 2021 Midtier platinum group metals (PGM) miner Royal Bafokeng Platinum (RBPlat) reports that its earnings for the year ended December 31, 2020, were positively impacted on by a significant increase in the PGM basket price as a result of improved market conditions and a weaker rand. The growth in the... 

Anglo achieves resilient performance in a tough year 

By: Simone Liedtke     25th February 2021 As much of the world was tested to its limits by the Covid-19 pandemic during 2020, the resilience of diversified miner Anglo American's diversified business, along with strong metals prices in the latter months of the year, resulted in underlying earnings before interest, taxes, depreciation and... 

Anglo achieves resilient performance in a tough year
Anglo American CEO Mark Cutifani gives more insight into the effect of the Covid-19 pandemic and the company's full year results for 2020. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

Implats pursuing renewables, green hydrogen, exploration, carbon neutrality  

By: Martin Creamer     25th February 2021 Platinum group metals (PGMs) mining and marketing company Implats is pursuing green hydrogen, greenfield exploration and carbon neutrality, the company made clear during question time after presenting a stellar set of high-dividend-yielding interim financial results on Thursday, which cut debt by... 

Implats pursuing renewables, green hydrogen, exploration, carbon neutrality
Impala Platinum's Shaft 16 in Rustenburg

Implats' earnings soar 328%, record R7.9bn interim dividend declared

By: Martin Creamer     25th February 2021 Buoyed by the high rand platinum group metals (PGMs) basket price, Impala Platinum Holdings Limited (Implats) has posted a 328% increase in headline earnings and declared a record interim dividend of R7.9-billion on a strong production, safety and sales performance. Implats delivered stellar... 

Implats' earnings soar 328%, record R7.9bn interim dividend declared
Nico Muller

Nornickel shares drop after partial suspension of operations at two mines

By: Reuters     25th February 2021 Norilsk Nickel said on Wednesday it had partially suspended operations at its Oktyabrsky and Taimyrsky mines in Siberia because it had detected an inflow of water underground, sending shares of the Russian metals miner down more than 6%. Nornickel is the world's largest palladium producer,... 

PolyMet secures victory in Minnesota Supreme Court

By: Mariaan Webb     25th February 2021 The developer of the NorthMet copper/nickel/palladium project, in north-eastern Minnesota, has secured another court victory, this time in the Minnesota Supreme Court, which ruled in favour of the Clean Air Act permit issued to PolyMet Mining. The court ruling overturned an order by the state... 

PolyMet secures victory in Minnesota Supreme Court

Test mine study under way for Fourth Industrial Revolution try-outs  

By: Martin Creamer     24th February 2021 A feasibility study is under way on a mine selected for the testing of Fourth Industrial Revolution (4IR) technologies ahead of their implementation, Minerals Council South Africa senior executive modernisation and safety Sietse van der Woude said on Wednesday. Van der Woude was answering... 

Test mine study under way for Fourth Industrial Revolution try-outs
Joburg Indaba Modernisation in Mining virtual event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Mining growth projects add glimmer of hope in dreary economic climate

By: News24Wire      24th February 2021 As mining companies turn to domestic growth-development projects, their spending spree may be what the sector needs to lift it from a slump it has endured for many years.  Companies such as platinum mining giant Sibanye-Stillwater and Kumba Iron Ore have led the way in ploughing cash into their... 

Green hydrogen to be produced from solar power at platinum mine  

By: Martin Creamer     22nd February 2021 Although platinum group metals (PGMs) mining and marketing company Anglo American Platinum will be starting with a 75 MW solar photovoltaic powered plant at its Mogalakwena mine, planned is an eventual 320 MW of solar power generation, the excess from which will be used to produce green hydrogen.... 

Green hydrogen to be produced from solar power at platinum mine
Anglo American Platinum CEO Natascha Viljoen interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Sylvania ‘confident’ of reaching production target for the full year

By: Simone Liedtke     22nd February 2021 Rustenburg-based platinum group metals (PGMs) miner Sylvania Platinum’s Sylvania Dump Operations (SDO) delivered 36 335 oz of platinum, palladium, rhodium and gold (4E) PGMs as a result of a good production performance in the six months ended December 31, 2020. The good production, the Aim-listed... 

Global decarbonisation rapidly upping demand for Anglo Platinum products 

By: Martin Creamer     22nd February 2021 Platinum group metals mining and marketing company Anglo American Platinum said on Monday that it was poised to deliver next phase of value for its stakeholders as decarbonisation efforts increase the long-term demand for its metals. “We are grounded in our purpose to re-imagine mining to improve... 

Global decarbonisation rapidly upping demand for Anglo Platinum products
Anglo American Platinum's Mogalakwena platinum mine in Limpopo.

Three people die in partial collapse of Nornickel's Arctic processing plant

By: Reuters     22nd February 2021 Three workers died after a processing plant owned by Russian mining giant Norilsk Nickel in Arctic Siberia partially collapsed during maintenance, the company and officials said on Saturday, as the miner's shares fell by 3.6%. The Arctic environment and production security at Nornickel's assets... 

Three people die in partial collapse of Nornickel's Arctic processing plant
Vladimir Potanin: "The accident shows that efforts are not enough."

Sibanye-Stillwater, Hydrox Holdings, coal exports to China make headlines  

19th February 2021 Mining Weekly Editor Martin Creamer unpacks Sibanye-Stillwater assessing on-site green hydrogen generation to power fuel cell mobility; Hydrox's advanced alkaline electrolyser; and South Africa's coal exports to China.   

Sibanye-Stillwater, Hydrox Holdings, coal exports to China make headlines
Sibanye-Stillwater, Hydrox Holdings, coal exports to China make headlines

Concentrator plant at platinum mine under way

By: Darren Parker     19th February 2021 Engineering, design and project management company COENG is overseeing the engineering design, procurement and construction management of a three-million-tonne-a-year concentrator plan at platinum mining company Wesizwe Platinum’s Bakubung platinum mine, in the North West. Phase 1 of the project,... 

Unki mine achieves IRMA 75 rating in terms of responsible mining standard

By: Donna Slater     18th February 2021 Diversified miner Anglo American reports that its subsidiary Anglo American Platinum's (Amplats') Unki mine, in Zimbabwe, has achieved an Initiative for Responsible Mining Assurance (IRMA) 75 rating. The Unki mine was the first in the world to publicly commit to be independently audited against... 

Climate change mitigation efforts contribute to hydrogen fuel cell market growth

By: Donna Slater     18th February 2021 There is a growing market for hydrogen-fuelled, proton exchange membrane (PEM) fuel cells that rely on platinum catalysts in the transportation sector, especially zero-emissions powertrains in heavy-duty and fleet commercial vehicles, according to platinum investment stimulator the World Platinum... 

Sibanye assessing on-site green hydrogen generation to power fuel cell mobility  

By: Martin Creamer     18th February 2021 Platinum group metals (PGM) producer Sibanye-Stillwater is assessing the generation of green hydrogen on its mine sites to power PGM-catalysed hydrogen fuel cell mobility, it said on Thursday, when the Johannesburg- and New York-listed company foresaw good exposure for itself to the hydrogen... 

Sibanye assessing on-site green hydrogen generation to power fuel cell mobility
Sibanye-Stillwater results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Sibanye-Stillwater profit soars, free cash rockets, R9.4bn dividend 

By: Martin Creamer     18th February 2021 The free cash flow of precious metals company Sibanye-Stillwater rocketed 63-fold to within a hair’s breadth of R20-billion in the six months to the end of December. The Johannesburg- and New York-listed company, headed by CEO Neal Froneman, reported a sky-high profit rise to R29.3-billion for... 

Sibanye-Stillwater profit soars, free cash rockets, R9.4bn dividend
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman.

BullionVault platinum holdings more than double

By: Donna Slater     17th February 2021 The amount of platinum held by investors with online gold, silver and platinum market BullionVault almost doubled between January 2020 and January 2021, while the number of investors in platinum has increased by more than 70%. BullionVault client holdings of platinum rose by 90% during the past... 

Sibanye establishes board investment committee

By: Marleny Arnoldi     17th February 2021 JSE- and NYSE-listed gold miner Sibanye-Stillwater has established a Board Investment Committee to guide and oversee the allocation of capital in the company’s investment activities. Rick Menell, Sibanye lead independent director, has been appointed chairperson of the committee and Timothy... 

Sibanye establishes board investment committee
Photo by Creamer Media
Sibanye lead independent director Rick Menell

Northam to report 80% higher EPS

By: Marleny Arnoldi     17th February 2021 JSE-listed Northam Platinum expects to report basic earnings per share (EPS) of between 583.5c and 616.3c apiece for the six months ended December 31, 2020, which is an 80% increase on the basic EPS reported for the prior comparable six months. Normalised headline earnings per share (HEPS) will... 

Ivanhoe’s Ivanplats arranging $420m project financing 

By: Mariaan Webb     17th February 2021 Ivanplats, the South African subsidiary of Canadian miner Ivanhoe Mines, is arranging project-level financing of up to $420-million for the development of its Platreef project, in Limpopo. Ivanhoe says Ivanplats has signed a nonbinding term sheet with Orion Mine Finance for a $300-million... 

Ivanhoe’s Ivanplats arranging $420m project financing

Court challenge to PolyMet water quality permit dismissed

By: Mariaan Webb     17th February 2021 A federal judge on Tuesday dismissed a challenge to the US Environmental Protection Agency’s (EPA’s) oversight of a water quality permit issued to PolyMet Mining, which is developing the NorthMet copper/nickel/palladium project in north-eastern Minnesota. The challenge, filed in September 2019... 

Court challenge to PolyMet water quality permit dismissed

ARM expects headline earnings to more than double

By: Donna Slater     16th February 2021 JSE-listed diversified miner African Rainbow Minerals (ARM) reports that its headline earnings for the first half of its 2021 financial year are expected to increase by between 129% and 138%, to between R4.93-billion and R5.12-billion. This compares with the R2.15-billion in headline earnings... 

Nornickel 2020 profit sinks 39% as $2bn set aside to cover fuel-spill fine

By: Reuters     16th February 2021 Russia's Norilsk Nickel said on Tuesday its net profit sank by 39% in 2020 after it set aside $2-billion to cover an environmental damage claim after a major fuel spill in the Arctic. Nornickel, the world's largest producer of palladium and a leading producer of nickel, has been fined $2-billion... 

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