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Platinum Group Metals News

The essential role of platinum group metals in ‘greening’ the world needs highlighting 

By: Martin Creamer     12th January 2021 The ‘greenness’ that South Africa can help bestow on the world needs hard sell now, Mining Weekly can today report. While South Africa’s amazing platinum group metals (PGMs) continue their decades-long task of cleaning the air of the world’s cities in the autocatalytic convertors of vehicle... 

Katoro progresses drilling programme at Haneti

By: Tasneem Bulbulia     12th January 2021 Aim-listed Katoro Gold has recorded progress on the maiden drill programme targeting the discovery of nickel and platinum group metals (PGM) at the Haneti nickel project, in Tanzania. Katoro holds a 65% ownership interest in Haneti with 35% held by Power Metal Resources. 

Tharisa starts new financial year with strong production

By: Donna Slater     12th January 2021 JSE-listed platinum group metals (PGMs) and chrome miner Tharisa achieved strong production in the quarter ended December 31, 2020 − the first quarter of the company's 2021 financial year − with PGM production up 14.2% year-on-year on a six element basis to 39 300 oz. PGM production was in line... 

Tharisa starts new financial year with strong production
Tharisa CEO Phoevos Pouroulis

New ‘green’ platinum project leaps out of starting blocks, will use 82% less electricity  

By: Martin Creamer     11th January 2021 The innovative new platinum group metals mining and processing project that slashes 82% off electricity use and elevates platinum to a new high level of greenness, leapt out of its starting blocks in North West province on Monday. “We’ve commenced. The tanks are rolling,” Pallinghurst managing... 

New ‘green’ platinum project leaps out of starting blocks, will use 82% less electricity
Pallinghurst managing partner and co-founder Arne Frandsen is interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Kavango appoints new chairperson, nonexec director

By: Tasneem Bulbulia     11th January 2021 Aim-listed Kavango Resources has appointed David Smith nonexecutive chairperson and Ben Turney executive director, with immediate effect. Smith is a solicitor who has worked in corporate finance and the equity capital markets for over 30 years. Since January 2016, he has been a partner in Druces,... 

Nickel sulphides found in Molopo Farms Complex exploration

By: Donna Slater     11th January 2021 Botswana explorer Kalahari Key Mineral Exploration (KKME) reports that exploration at its Molopo Farms Complex (MFC) project has unearthed 4.4 m of ultramafic rocks with finely disseminated sulphides in angled hole KKME 1-6 at about 270 m vertical depth. Following the successful drilling of the... 

South Deep Covid protocols, platinum demand, decarbonisation make headlines 

8th January 2021 Mining Weekly Editor Martin Creamer unpacks back-to-work protocols at South Deep, the building of hydrogen infrastructure in the US being a good boost for platinum demand and mining companies being pressurised to commit to a decarbonised future. 

South Deep Covid protocols, platinum demand, decarbonisation make headlines
South Deep Covid protocols, platinum demand, decarbonisation make headlines

US company planning at least 500 hydrogen fuelling stations in next 3 to 5 years  

By: Martin Creamer     7th January 2021 The creation of a minimum of 500 fuelling stations to provide hydrogen to mainly trucks powered by platinum-catalysed hydrogen fuel cells is planned by a US company in the next three to five years. “We believe that everyone will be within a couple of miles of a hydrogen fuelling station in the... 

US company planning at least 500 hydrogen fuelling stations in next 3 to 5 years
Creamer Media’s Mining Weekly interviews RAGHU KILAMBI, the CEO of PowerTap, a company that provides crucial hydrogen fuelling infrastructure for fuel cell electric vehicles.

Zimbabwe’s Kuvimba seeks $1bn for 2021 acquisitions, capex 

By: Bloomberg     7th January 2021 A mining company majority owned by the Zimbabwe government and whose profits will partly be used to compensate former white commercial farmers for land confiscated two decades ago intends to raise $1-billion for acquisitions and capital expenditure. Kuvimba Mining House, in which the government... 

Net-zero emissions commitments hold benefits, but also downsides, for miners 

By: Simone Liedtke     6th January 2021 Miners are targeting massive carbon reductions over the next 10 to 15 years on the path to achieving net-zero emissions by 2050, with equity research company Jefferies warning that this implies higher costs and capital expenditure (capex), but also a trend of less supply, higher commodity prices,... 

Eastplats’ Barplats delivers first shipment of pressed filter cake platinum group metals

By: Donna Slater     6th January 2021 Platinum group metals (PGMs) miner Eastern Platinum (Eastplats) reports that, during December, its subsidiary Barplats Mines delivered its first shipment of pressed filter cake PGMs concentrate under an existing offtake agreement between Barplats and Impala Refining Services. During 2020,... 

Minera appoints financial adviser for Peru gold project

By: Simone Liedtke     5th January 2021 Precious metals miner, developer and explorer Minera IRL has engaged Haywood Securities to act as financial adviser in support of the company’s plans to finance the development of its Ollachea project, in Peru. The financial adviser will also assist with the repayment of balances owed to... 

Gold roars out of blocks in 2021 as real yields, dollar decline

By: Bloomberg     4th January 2021 Gold surged above $1 900/OZ as lower US real yields and a weaker dollar helped the precious metal build on its biggest annual advance in a decade. Bullion climbed to the highest level in almost two months after renewed declines in real yields boosted gold’s allure. Real yields -- the difference... 

Gold roars out of blocks in 2021 as real yields, dollar decline

After golden year for precious metals, silver set to shine in 2021 

By: Reuters     4th January 2021 After a spectacular year, precious metals are set for further gains in 2021, with silver tipped to outperform, but analysts are growing more cautious about the prospects for gold as the global economy recovers from the impact of the coronavirus. The pandemic triggered stockpiling by investors... 

After golden year for precious metals, silver set to shine in 2021

Panoramic completes Panton sale

By: Esmarie Iannucci     18th December 2020 ASX-listed Panoramic Resources has completed the A$12-million sale of its 80% share in the Panton platinum group metals project, in Western Australia. Under the share sale and purchase agreement with Greater Northern Palladium, which was struck in October this year, an upfront deposit of A$200... 

Tharisa, unions reach four-year wage agreement

By: Creamer Media Reporter      14th December 2020 Platinum group metals and chrome concentrate producer Tharisa has concluded a four-year wage agreement with the Association of Mineworkers and Construction Union, the National Union of Mineworkers and Solidarity. The agreement, which is effective from July 1, 2020, to June 20, 2024, applies to... 

Anglo forecasts higher output, lower costs for 2021 

By: Creamer Media Reporter      11th December 2020 Diversified miner Anglo American expects its production for 2021 to increase by 14% year-on-year and its unit costs to decrease by 3% year-on-year. In an investor update published on December 11, the miner said it had maintain a strong performance this year, despite Covid-19-related and other... 

Anglo forecasts higher output, lower costs for 2021
Anglo American CEO Mark Cutifani

Eastplats announces rights offering to shareholders

By: Simone Liedtke     11th December 2020 Eastern Platinum (Eastplats) has announced a rights offering to its shareholders to acquire common shares of the company at the close of business on December 18, on the basis of one right for each common share. Each right will entitle the holder to subscribe for one common share of the company... 

Hydrogen fuel cells, Implats, Mogalakwena make headlines  

11th December 2020 Mining Weekly Editor Martin Creamer unpacks China converting battery electric vehicles into hydrogen fuel cell vehicles, Impala platinum joining a high-flying PGMs-linked venture capital fund and the approval for the Mogalakwena PGMs mine solar project.   

Hydrogen fuel cells, Implats, Mogalakwena make headlines
Hydrogen fuel cells, Implats, Mogalakwena make headlines

60Moz Sedibelo platinum expansion, construction of Kell beneficiation plant 

By: Martin Creamer     11th December 2020 Platinum group metals (PGMs) producer Sedibelo Platinum Mines Limited has announced the expansion of operations at Pilanesberg Platinum Mines into contiguous deposits of Sedibelo Central, Magazynskraal and Kruidfontein – known as the Triple Crown properties – with an estimated resource base in... 

60Moz Sedibelo platinum expansion, construction of Kell beneficiation plant
Photo by creamer media
Sedibelo's Pilanesberg Platinum Mines opertional area.

Implats continues ramp-up despite pandemic disruptions

By: Cameron Mackay     11th December 2020 Multinational platinum group metals (PGMs) miner Impala Platinum’s (Implats’) 2018 strategic review highlighted that restructuring lossmaking operations at its Rustenburg mining complex and positioning it on the lower half of the cost curve were strategically crucial. These strategic imperatives,... 

Implats continues ramp-up  despite pandemic disruptions
SIDE-STEPPING COVID DELAYS Gains in productivity, safety and efficiency have resulted in an upward revision to the planned production profile at Implats’ Rustenburg operation

PGMs miner focused on Waterberg mine project

11th December 2020 As reported by Mining Weekly last month, platinum group metals (PGMs) miner Platinum Group Metals is focused on advancing the palladium dominant Waterberg project, located on the northern limb of the Bushveld Complex in South Africa. The project is planned as a fully mechanised, shallow, decline... 

PGMs miner focused on Waterberg mine project
R. MICHAEL JONES Platinum Group Metals’ near-term objectives are to achieve the grant of a mining right for the palladium dominant Waterberg Project and complete construction

Transport system linking mining areas now operational

11th December 2020 As part of an expansion programme at local platinum miner Booysendal Platinum’s Booysendal concession platinum project, multinational ropeway manufacturer Doppelmayr Transport Technology has been awarded a contract for the construction of a second RopeCon system. Once finished, this second... 

Transport system  linking mining areas  now operational
IN TOTAL ORE For the expansion of the Booysendal mine, Booysendal Platinum opted for a RopeCon system to tackle the challenge of transporting 909 t/h of platinum ore

Steps South Africa needs to take to attract global exploration investment 

By: Martin Creamer     10th December 2020 Countries wanting to attract exploration investment need readily available geophysics data to offer to prospective investors. “Geophysics is now key to the exploration industry, particularly for metalliferous-type deposits, which have the largest value,” Exploration Geological Consultancy MD... 

Steps South Africa needs to take to attract global exploration investment
Photo by Creamer Media
Exploration Geological Consultancy MD Regina Molloy

October mining production down 6.3% y/y, sales rise 30.7% year-on-year 

By: Donna Slater     10th December 2020 South Africa's mining production decreased by6.3% year-on-year in October, Statistics South Africa (Stats SA) reports. The most significant contributors to the decrease were iron-ore, which was down 26.5%, contributing -2.6 percentage points to the overall industry performance; while chromium... 

Implats announces results of bond purchase offer

By: Simone Liedtke     10th December 2020 Platinum group metals miner Impala Platinum (Implats) has accepted for purchase bonds validly offered for sale in a principal amount of R241.46-million. The miner previously invited bondholders of its R3.25-billion 6.75% convertible bonds due in 2022 to sell their bonds to the company up to... 

Anglo American appoints new nonexec director

By: Simone Liedtke     10th December 2020 Hilary Maxson will join the Anglo American board as a nonexecutive director and member of the audit committee with effect from June 1, 2021. “[Maxson] brings a combination of experience that aligns well with our business, spanning finance, the capital markets, energy and technology, gained across... 

Investment approval for platinum mine’s solar project expected early next year 

By: Martin Creamer     9th December 2020 Investment approval for the solar project at the Mogalakwena platinum group metals mine in Limpopo is expected in the first quarter of next year. “We are making progress with the environmental scoping study and the environmental impact assessment will commence following investment approval,”... 

Investment approval for platinum mine’s solar project expected early next year
Water dam at Anglo American Platinum's Mogalakwena mine.

Another two mine fatalities brings 2020 total to 58 deaths

By: Simone Liedtke     9th December 2020 The Association of Mineworkers and Construction Union (AMCU) has lamented another two mine fatalities, one at Sibanye-Stillwater’s Rowland Shaft, in the North West, and another at the Blyvoor gold mine, on the West Rand. In an emailed response to Mining Weekly, Sibanye confirmed that an employee... 

PTM closes private placement deal with Hosken, raises $2.5m

By: Simone Liedtke     9th December 2020 TSX- and NYSE-listed Platinum Group Metas (PTM) has closed a non-brokered private placement of common shares with Hosken Consolidated Investments (HCI), through its subsidiary Deepkloof Limited, resulting in gross proceeds of just under $2.5-million. The private placement allows HCI to maintain... 

Mantashe enthused by third-quarter mining performance 

By: Donna Slater     8th December 2020 The third-quarter performance of South Africa’s mining sector is encouraging, says Mineral Resources and Energy Minister Gwede Mantashe, noting that “impressive growth” was recorded despite “difficult conditions” brought on by Covid-19. The sector grew at a yearly rate of 288.3% compared with the... 

China converting battery electric vehicles into platinum-linked hydrogen fuel cell vehicles  

By: Martin Creamer     8th December 2020 Battery electric vehicles such as municipal buses and trucks are being converted into hydrogen fuel cell vehicles by China. “China already has a very well-established infrastructure to charge batteries and run battery electric trucks. But in the north, it’s very cold and we know battery electric... 

China converting battery electric vehicles into platinum-linked hydrogen fuel cell vehicles
World Platinum Investment Council Director of Research Trevor Raymond interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Northam increases shareholding in Zambezi Platinum to 80%

By: Donna Slater     8th December 2020 Platinum group metals miner Northam Platinum has acquired an additional 2.83-million preference shares in Zambezi Platinum. This is in addition to an agreement that has been reached to acquire 13.83-million Zambezi preference shares from the Public Investment Commission (PIC) at a price of... 

PPM joins movement for the payment of small suppliers within 30 days

By: Marleny Arnoldi     8th December 2020 Pilanesberg Platinum Mines (PPM) has pledged its support for the Business for South Africa (B4SA) initiative called #PayIn30. PPM will be joining 50 other large companies who have formally committed to paying their small, medium-sized and microenterprise (SMME) suppliers within 30 days to ensure... 

Platinum on the rise as market adapts to Covid-19 – PGI

By: Donna Slater     8th December 2020 Platinum Guild International’s (PGI’s) third-quarter 'Platinum Jewellery Business Review', which surveys manufacturing and retail partners across key markets, indicates that although low prices have been a trigger to encourage buying, it has been product innovation and emotional connection of... 

Zimbabwe’s Russian-backed platinum venture sells stake to Fossil Mines

By: Bloomberg     7th December 2020 Great Dyke Investments, a Russian-backed project planning to build Zimbabwe’s biggest platinum mine, has sold a 4.4% stake to Fossil Mines as Covid-19 disrupted fundraising for the venture. Fossil, owned by Zimbabwe’s Obey Chimuka, will invest $30-million in the Darwendale project, through a... 

Amplats completes ACP Phase A rebuild  

By: Marleny Arnoldi     7th December 2020 JSE-listed Anglo American Platinum (Amplats) has successfully completed the rebuild of its Anglo Converter Plant (ACP) Phase A unit, which will ramp up to full operating capacity by the end of the year. Both the ACP Phase A and Phase B units had been shut down initially in March, following an... 

Amplats completes ACP Phase A rebuild
Amplats CEO Natascha Viljoen

Now Implats joins high-flying PGMs-linked venture capital fund 

By: Martin Creamer     7th December 2020 Platinum group metals (PGMs) mining and marketing company Impala Platinum (Implats) announced on Monday that it would be joining a high-flying venture capital fund that supports technologies making use of PGMs, which are helping the world to combat climate change. Existing investors in the... 

Now Implats joins high-flying PGMs-linked venture capital fund
Implats CE Nico Muller
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