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Platinum Group Metals News

Consultants selected for road connecting to Ring of Fire

By: Creamer Media Reporter      1st February 2021 Consultants SNC Lavalin and Dillon Consulting have been selected to conduct the environmental assessment (EA) for the northern road link project – a proposed all-season road that will link remote First Nations and connect to emerging mining sites in the Ring of Fire. Marten Falls First Nation... 

Sedibelo says poised for strong PGM growth 

1st February 2021 Having produced 1.5-million ounces of platinum group metals (PGMs) since inception, fully integrated producer Sedibelo Platinum Mines has successfully weathered the storm of depressed metals prices and emerged cash positive, ready to grow responsibly and take advantage of improved market... 

Sedibelo says poised for strong PGM growth
Sedibelo Platinum Mines CEO Erich Clarke...firmly committed to sustainability.

Sylvania on track to meet 70 000 oz production target for the 2021 financial year

By: Marleny Arnoldi     29th January 2021 Aim-listed Sylvania Platinum says its operational performance in the quarter ended December 31, 2020, continued to stabilise from previous quarters as the operations teams had embraced a “new normal” of production incorporating Covid-19 protocols. The Sylvania Dump Operations (SDO) produced 18... 

Zimbabwe miners say foreign-exchange rule could trigger crisis

By: Bloomberg     29th January 2021 Mining companies in Zimbabwe said a central-bank requirement compelling them to surrender more foreign exchange earned from mineral exports will push their operations to the brink. The Reserve Bank of Zimbabwe on January 8 announced that exporters must now hand over 40% of their foreign currency... 

Tech to advance African mining development

By: Mamaili Mamaila     29th January 2021 Despite the devastating economic repercussions of the global Covid-19 pandemic, Africa continues to be an integral component of the global financial system, says international technology company Minetec Smart Mining CTO Mustafa Yesilyurt. 

Tech to advance African mining development
MUSTAFA YESILYURT As long as there is demand for energy, there will be a need for some form of mineral extraction, with clear evidence pointing to an increase in global energy requirements

Zimplats increases mined tonnages

By: Simone Liedtke     28th January 2021 Precious metals miner Zimplats increased its mined tonnages by 2% quarter-on-quarter for the three months ended September 30, 2020. Mined tonnages were also 4% higher year-on-year owing to improved fleet productivity and additional tonnage from the Mupani mine, which is still under development. 

Amplats' fourth-quarter refined PGMs production down 49% y/y

By: Creamer Media Reporter      28th January 2021 Platinum group metals (PGMs) miner Anglo American Platinum's (Amplats') refined PGM production from own material decreased by 49% year-on-year to 673 100 oz in the fourth quarter of 2020. The miner attributed the decrease to the Anglo Converter Plant (ACP) Phase B having been closed earlier than... 

Amplats' fourth-quarter refined PGMs production down 49% y/y
Amplats CEO Natascha Viljoen

Four mining companies adopt Mining Local Procurement Reporting Mechanism

By: Donna Slater     27th January 2021 Mining Shared Value (MSV), a nonprofit initiative of Engineers Without Borders Canada, reports that four mining companies have, so far, adopted the Mining Local Procurement Reporting Mechanism (LPRM), with two more confirming their plans to do so shortly. Ivanhoe Mines became the first company... 

US climate change drive bodes well for platinum, says WPIC 

By: Tasneem Bulbulia     27th January 2021 Vowing to ‘build back better’, US President Joe Biden has placed climate change high on his administration’s agenda, with plans to achieve 100% clean energy and to commit to net zero by 2050. Underlining its intent, the US re-joined the Paris Climate Agreement, an international treaty on climate... 

South African precious metals miners included in 2021 Bloomberg Gender-Equality Index 

By: Simone Liedtke     27th January 2021 Precious metals miners Anglo American Platinum (Amplats), Sibanye-Stillwater, Harmony Gold and Gold Fields have been included in the 2021 Bloomberg Gender-Equality Index (GEI), which is seen as a transparent and independent tool for investors considering environmental, social and governance (ESG)... 

South African precious metals miners included in 2021 Bloomberg Gender-Equality Index
Amplats CEO Natascha Viljoen

Sibanye boosts investment in tertiary education 

By: Simone Liedtke     26th January 2021 Dual-listed Sibanye-Stillwater has committed to invest a further R33-million in tertiary education aimed at bolstering mining research and development in South Africa. The gold and platinum miner has extended and increased its existing partnerships with the University of Johannesburg (UJ) and... 

Green technology boost for African mining 

By: Martin Creamer     26th January 2021 The key to unlocking value of Kabanga Nickel and enabling the full beneficiation of new era metals in Tanzania is an environment-friendly hydrometallurgy process that eliminates smelting and thus slashes the need for electricity. The Kabanga Nickel Hydromet process – which takes ore to refined... 

Green technology boost for African mining
President John Magufuli of Tanzania, seated, looks on as Tanzania's Chief Treasurer Athumani Mbutukwa receives share certificates from Kabanga Nickel vice chairperson Chris von Christierson (centre) and Kabanga Nickel CEO Chris Showalter (right).

Zimbabwe seeks to list company holding State mining assets 

By: Bloomberg     25th January 2021 Zimbabwe, banking on mining to end two decades of economic stagnation, plans to list the company in which it has placed state mining assets to raise cash to meet government obligations, the nation’s finance minister said. Late last year, the government created Kuvimba Mining House, in which the... 

Eastplats raises C$11.7m to complete projects, grow revenue potential

By: Simone Liedtke     25th January 2021 Dual-listed Eastern Platinum (Eastplats) has issued 36.8-million common shares to raise about C$11.7-million. Net proceeds from the rights offering will be used to complete various projects and grow Eastplats’ revenue potential. 

New hope emerges for Platina's scandium project

By: Esmarie Iannucci     25th January 2021 Junior Platina Resources will update its independent scandium market study and would work with Traxys Europe SA to assess scandium product and market development, as well as the potential funding options for its scandium project, in New South Wales. The sharpened focus on the scandium project... 

Bauba, Pelagic Resources amend terms to subscription agreement

By: Simone Liedtke     22nd January 2021 Diversified miner and exploration company Bauba Platinum and Pelagic Resources will amend the terms of their December 2020 subscription agreement. The subscription shares will now be issued at 31c a share, being a 4.13% discount to the 30-day volume-weighted average price at the close of business... 

PGMs, new Gold Fields CEO designate make headlines 

22nd January 2021 Mining Weekly Editor Martin Creamer unpacks Switzerland's green hydrogen roll-out, PGM demand and Chris Griffith becoming Gold Fields CEO designate.   

PGMs, new Gold Fields CEO designate make headlines
PGMs, new Gold Fields CEO designate make headlines

Platinum group metals demand set to overwhelm supply balance – Davis  

By: Martin Creamer     21st January 2021 Long-serving precious metals consultant Dr David Davis has reached the conclusion, after a comprehensive study, that the demand for platinum group metals (PGMs) is poised to outstrip stagnant supply. Davis, who has spent several months carrying out a ‘deep dive’ into the future of PGMs for... 

Platinum group metals demand set to overwhelm supply balance – Davis
Precious metals consultant Dr David Davis, who believes that platinum will be next to board the price rocket.

Sibanye's South African platinum operations exceed output guidance 

By: Donna Slater     20th January 2021 JSE- and NYSE-listed precious metals miner Sibanye-Stillwater achieved improved production from all the operating segments in the second half of 2020, compared with the first half of the year. Production of platinum group metals (PGMs) from Sibanye-Stillwater’s South African operations for the... 

Sibanye's South African platinum operations exceed output guidance

Platinum could be a key component for future space travel, says WPIC 

By: Donna Slater     20th January 2021 Platinum investment stimulator the World Platinum Investment Council (WPIC) posits that platinum could assist in space travel, having had long-term associations with space exploration. Platinum catalysts in hydrogen fuel cells were part of the pioneering technology that paved the way for the... 

Tharisa extends option to acquire shareholding in Salene Chrome Zimbabwe

By: Tasneem Bulbulia     20th January 2021 Aim-listed Tharisa has extended the option to acquire a 90% shareholding in Salene Chrome Zimbabwe to March 31. Tharisa in May 2018 advised that it had acquired an option to acquire a 90% shareholding in Salene from Leto Settlement. 

November mining production down 11.6% y/y

By: Donna Slater     19th January 2021 Statistics South Africa (Stats SA) reports that South Africa’s mining production decreased by 11.6% year-on-year in November, largely owing to iron-ore output having decreased by 35.3%, contributing 3.9 percentage points. Platinum group metals (PGMs) also dragged the industry’s performance down,... 

Baker McKenzie, Implats recognise hydrogen's potential

By: Marleny Arnoldi     19th January 2021 Law firm Baker McKenzie has advised JSE-listed Impala Platinum Holdings (Implats) on its investment into the AP Ventures Fund II, which focuses on companies developing sustainable hydrogen energy technologies. Implats had taken a significant “Limited Partner” stake and advisory board seat in... 

Platinum group metals playing role in Switzerland’s green hydrogen roll-out  

By: Martin Creamer     19th January 2021 Platinum group metals (PGMs), which South Africa hosts in greater abundance than any other country on earth, are playing important catalytic roles in Switzerland’s green hydrogen and green truck rollout, which is now under way. Mining Weekly can today report that proton exchange membrane (PEM)... 

Platinum group metals playing role in Switzerland’s green hydrogen roll-out
Hyundai Hydrogen Mobility CEO Mark Freymueller is interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Platinum group metals take another step closer to use in battery electric vehicles 

By: Donna Slater     19th January 2021 TSX- and NYSE-listed Platinum Group Metals (PTM) and its subsidiary Lion Battery Technologies reports that the US Patent and Trademark Office has issued a second patent to Florida International University (FIU) related to the use of platinum group metals (PGMs) in lithium batteries. Lion is a... 

Platinum group metals take another step closer to use in battery electric vehicles

Sibanye, Minerals Council mourn death of Shadwick Bessit

By: Donna Slater     19th January 2021 Precious metals miner Sibanye-Stillwater CEO Neal Froneman says it is with deep sadness that the company announces the “tragic passing” of its South African gold operations executive VP Shadwick Bessit, who succumbed to Covid-19-related complications on January 16. “The board and management have... 

Sibanye, Minerals Council mourn death of Shadwick Bessit
Photo by Creamer Media's Donna Slater
Shadwick Bessit

Ivanhoe Mines' Friedland taking 'hard look' at US projects

By: Reuters     19th January 2021 Ivanhoe Mines founder Robert Friedland said on Monday he is taking a "hard look" at projects in the United States amid a global rush for green metals. US President-elect Joe Biden has indicated support boosting domestic production of metals used to make electric vehicles, solar panels and other... 

Ivanhoe Mines' Friedland taking 'hard look' at US projects
Ivanhoe Mines finder Robert Friedland

South African mining dealmaker plots M&A push before retirement

By: Bloomberg     19th January 2021 South African mining dealmaker Neal Froneman is considering retiring in two to three years time, but would first like to double the size of Sibanye-Stillwater. Froneman built Johannesburg-based Sibanye into a company with a market value of more than R182-billion ($11.9-billion) by buying gold,... 

South African mining dealmaker plots M&A push before retirement
Photo by Donna Slater
Neal Froneman

Want a fuel cell, you need platinum – analysts 

By: Martin Creamer     18th January 2021 If you want a fuel cell, you need platinum, is one of the multiplicity of points Bernstein investment company makes in a major work just released, which shows growing and ongoing demand for platinum group metals (PGMs) and provides ample reason why metals and mining matter more than ever. In the... 

Want a fuel cell, you need platinum – analysts
Photo by Bernstein
Predicted future PGM tons heading high.

Nornickel fund launches first Blockchain-tracked precious metal ETCs

By: Reuters     18th January 2021 A fund of Russia's Norilsk Nickel has launched Blockchain-tracked securities known as Exchange Traded Commodities (ETCs) which offer investors exposure to the spot prices of palladium, platinum, gold and silver without owning them. Nornickel, the world's largest producer of palladium, hopes to... 

Siyanda Bagatla Platinum Mine reports solid output expectation for 2021 financial year

By: Marleny Arnoldi     18th January 2021 Siyanda Bakgatla Platinum Mine (SBPM) CFO Imraan Osman says the Siyanda Bakgatla mine it acquired from Anglo American Platinum in 2018 has continued to exceed expectations. SBPM expects to produce 270 325 oz of platinum, palladium, rhodium and gold (4E) for the financial year ending February 28... 

Jubilee secures new investment

By: Marleny Arnoldi     15th January 2021 Aim- and AltX-listed Jubilee Metals has secured investment from two blue chip institutions, including one new to its share register. The company on January 15 announced a placing of new and existing ordinary shares representing 4.96% of the enlarged issued share capital of the company to meet... 

World’s biggest platinum miner makes another bold call on prices 

By: Bloomberg     15th January 2021 The world’s No. 1 platinum miner said the price of the metal could climb more than 80% over the next four to five years as the global economy recovers and supply dwindles. That forecast comes as demand for platinum-group metals has already rebounded to pre-pandemic levels, Sibanye Stillwater CEO... 

World’s biggest platinum miner makes another bold call on prices
Sibanye Stillwater CEO Neal Froneman

Eastplats, Implats confirm provisional payment terms on offtake agreement

By: Marleny Arnoldi     15th January 2021 TSX- and JSE-listed Eastern Platinum’s (Eastplats’) subsidiary Barplats Mines has confirmed the provisional payment terms of the first delivered shipment of pressed filter cake platinum group metals (PGM) concentrate under an offtake agreement between Barplats and Impala Platinum (Implats).... 

Bluejay and Rio Tinto finalise Enonkoski JV conditions

By: Donna Slater     15th January 2021 The remaining conditions of a joint-venture (JV) and earn-in agreement between Aim- and FSE-listed exploration and development company Bluejay Mining and Rio Tinto Mining and Exploration, for the Enonkoski project have been met. Announced on November 10, 2020, the JV and earn-in agreement has... 

Jubilee reports record earnings of £28m

By: Marleny Arnoldi     14th January 2021 Aim- and AltX-listed Jubilee Metals’ operational earnings for the second half of last year increased by a record 123% to £28.4-million, compared with the first half of the year. In rand terms, it was a 126% increase to R603-million between the two six-month periods.  

China importing SA coal, PGMs in a greener world make headlines 

14th January 2021 Mining Weekly Editor Martin Creamer unpacks South Africa supplying coal to China, the role of South Africa’s platinum group metals in a greener future and the new project in the North West that is cutting electricity use by 82% and putting platinum into focus.   

China importing SA coal, PGMs in a greener world make headlines
China importing SA coal, PGMs in a greener world make headlines

Rhodium roars above $20 000 in precious metals' biggest rally

By: Reuters     14th January 2021 Rhodium's rally to record highs shows no sign of stopping, with prices up 19% this month as auto makers that need the metal to meet tightening emissions regulations run into limited supply. Used in engine exhausts to neutralise harmful nitrous oxides, rhodium reached $20 190 an ounce on... 

Rhodium roars above $20 000 in precious metals' biggest rally
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