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Platinum Group Metals News

Implats to buy back up to R1.6bn of convertible bonds

By: Marleny Arnoldi     7th December 2020 JSE-listed Impala Platinum (Implats) has invited holders of its R3.2-billion convertible bonds, that are due in 2022, to sell up to 50% of the amount to Impala. “The proactive management of the balance sheet is considered key to repositioning the company as a profitable and sustainable business... 

Cheap platinum back in vogue as Chinese buyers tap cash hoards

By: Bloomberg     7th December 2020 Even before the release of the next James Bond film – “No Time to Die” – Swiss watchmaker Omega is offering a platinum-gold version of the Seamaster Diver 300M that actor Daniel Craig wears when playing 007. The 51 700 Swiss franc ($57 000) time piece – made 95% from platinum – underlines a... 

Retiring Glasenberg handing over Glencore reins to Gary Nagle  

By: Martin Creamer     4th December 2020 Glencore CEO Ivan Glasenberg announced on Friday that he would be handing over the reins of the global mining and marketing company in mid-2021 to top Glencore executive Gary Nagle, who has served the company for more than two decades and is well-known in South Africa, where he ran Glencore’s... 

Retiring Glasenberg handing over Glencore reins to Gary Nagle
Gary Nagle, who will be taking over in mid-2021 from retiring Ivan Glasenberg, who has served Glencore with distinction.

Glencore spells out emission-reduction pathway to 2050 

By: Martin Creamer     4th December 2020 Diversified mining and marketing company Glencore on Friday announced its ambition to be a net-zero emissions company by 2050. Glencore set out the pathway towards reducing its total emissions footprint by 40% by 2035, taking in Scope 1, 2 and 3. 

Glencore spells out emission-reduction pathway to 2050
Photo by Bloomberg
Ivan Glasenberg, who is handing Glencore reins to Gary Nagle.

PTM to raise $2.5m in private placement

By: Tasneem Bulbulia     2nd December 2020 Platinum and palladium project developer Platinum Group Metals (PTM) intends to, subject to regulatory approval, sell common shares of the company to existing major beneficial shareholder, Hosken Consolidated Investments (HCI), for gross proceeds of $2.5-million. The company will use the net... 

Platinum jewellery performs well in the third quarter

By: Tasneem Bulbulia     1st December 2020 Platinum jewellery performed well in the four key international platinum jewellery markets of China, India, Japan and the US in the third quarter, Platinum Guild International's (PGI’s) Platinum Jewellery Business Review (PJBR) for the period has found,. During the quarter under review, China’s... 

Hydrogen investment by PGMs-linked fund bodes well for South Africa 

By: Martin Creamer     1st December 2020 A new investment in hydrogen, made by the sustainability-focused AP Ventures, bodes well for South Africa. AP Ventures, an independent venture capital fund that invests in early-stage companies that use platinum group metals (PGMs), has invested €5-million equity in HPNow, which has introduced a... 

Hydrogen investment by PGMs-linked fund bodes well for South Africa
Building back better with green hydrogen peroxide.

Nornickel to sell less palladium, nickel than it produces in 2020 - head of sales

By: Reuters     1st December 2020 Russia's Norilsk Nickel will sell slightly less nickel and palladium than it produces in 2020 as the Covid-19 pandemic reduced industrial demand, the world's leading producer of the two metals told Reuters. Demand has risen in some sectors since a slump caused by the first wave of the pandemic... 

Lack of publicly available cadastre impeding future mining potential – Miller 

By: Donna Slater     1st December 2020 The South African junior mining, and particularly prospecting, sector will continue its rapid degradation if the Department of Mineral Resources and Energy (DMRE) continues to refuse to publicly release information pertaining to national mining and prospecting rights, says mining supply sales... 

Lack of publicly available cadastre impeding future mining potential – Miller
Photo by Creamer Media
AmaranthCX director Paul Miller

Platinum jewellery performs well in the third quarter

By: Tasneem Bulbulia     1st December 2020 Platinum jewellery performed well in the four key international platinum jewellery markets of China, India, Japan and the US in the third quarter, Platinum Guild International (PGI)’s Platinum Jewellery Business Review (PJBR) for the period has found,. During the quarter under review, China’s... 

Feasibility study, PEA map out plans for Platreef over the next five years

By: Marleny Arnoldi     1st December 2020 TSX-listed Ivanhoe Mines says its South African subsidiary Ivanplats has shared positive findings in its independent Platreef ‘Integrated Development Plan (IDP) 2020’. The plan encompasses an updated feasibility study and preliminary economic assessment (PEA) for the tier-one platinum,... 

PTM raises $12m for Waterberg predevelopment, other purposes

By: Simone Liedtke     1st December 2020 TSX- and NYSE-listed Platinum Group Metals (PTM) has sold more than 5.4-million common shares in the capital of the company for gross proceeds of $12-million though an at-the-market offering of common shares. Initially announced on September 4, the offering was completed on November 30. 

Tharisa records strong full-year results

By: Tasneem Bulbulia     30th November 2020 Integrated resources group Tharisa’s revenue increased by 18.4% year-on-year to $406-million for the full year ended September 30. The company said it recorded strong financial results, with earnings before interest, taxes, depreciation and amortisation (Ebitda) having increased by 119.8%... 

Mining can retake investor darling status by going green – Frandsen  

By: Martin Creamer     30th November 2020 The taking of clear sustainability steps can make mining the darling of the investor community once again. Mining cannot participate in anything that leaves the world a worse place and needs to be cognisant of what it takes to have a licence to operate. Mining must have a smaller carbon... 

Mining can retake investor darling status by going green – Frandsen
Pallinghurst Group Managing Partner and Co-Founder Arne Frandsen interviewed by Mining Weekly’s Martin Creamer on the current demand for sustainable mining. Video: Darlene Creamer.

Waterberg, potable water from AMD, economic growth make headlines  

27th November 2020 Mining Weekly Editor Martin Creamer unpacks Platinum Group Metals’ objective to move the Waterberg project to a development and construction stage; An Mpumalanga coal mine is on the point of turning acid mine drainage into potable water at no cost; and the need for South African to focus on... 

Waterberg, potable water from AMD, economic growth make headlines
Waterberg, potable water from AMD, economic growth make headlines

Palladium-dominant Waterberg project's advance is primary objective –­ PTM 

By: Martin Creamer     26th November 2020 The advancement of the palladium-dominant Waterberg Project to a development and construction decision is the primary business objective of Platinum Group Metals (PTM), for which construction funding and concentrate offtake arrangements are being pursued. The Toronto- and New York-listed company,... 

Palladium-dominant Waterberg project's advance is primary objective –­ PTM
Platinum Group Metals CEO Michael Jones.

Northam completes R1.33bn book building note placement

By: Donna Slater     26th November 2020 JSE-listed platinum group metals miner Northam has completed a private placement of domestic medium-term notes to the value of R1.33-billion in a bookbuild that was oversubscribed by 33%, under Northam’s R15-billion domestic medium-term note (DMTN) programme. The proceeds from the issuance of... 

Anglo, Minerals Council gear up to combat gender-based violence

By: Donna Slater     25th November 2020 The mining industry is taking further steps to address gender-based violence (GBV), with diversified miner Anglo American introducing wide-ranging measures to address GBV and harassment across its mines and mining communities in South Africa. In addition, the Minerals Council South Africa... 

Platinum council says hydrogen momentum will continue to bolster PEM demand

By: Marleny Arnoldi     25th November 2020 This week has seen the launch of the first-ever European Hydrogen Week from November 23 to 27, a series of events showcasing the key role hydrogen is expected to play in reaching the European Union’s (EU) “European Green Deal” objectives. The proposed European Green Deal, announced at the end... 

Anglo praised for blazing decarbonised mining trail with hydrogen truck project  

By: Martin Creamer     25th November 2020 The electrolyser that will generate renewable hydrogen for the world’s largest hydrogen fuel cell electric vehicle project has been delivered to site by Nel Hydrogen Electrolyser AS, as part of the joint partnership with ENGIE and Anglo American, announced last year. ENGIE is providing the... 

Anglo praised for blazing decarbonised mining trail with hydrogen truck project
Nel Hydrogen Electrolyser Senior Vice President Business Development David Bow interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

African green hydrogen can provide important economic impetus – BMBF 

By: Martin Creamer     24th November 2020 The establishment of an African hydrogen economy based on renewable energy can provide important impetus in the Southern African region and offer new perspectives, especially to young people. That is the view of German Federal Ministry of Education and Research (BMBF) Energy and Green Hydrogen... 

African green hydrogen can provide important economic impetus – BMBF
Federal Research Minister Anja Karliczek and Innovation Commissioner ‘Green Hydrogen‘ Dr Stefan Kaufmann: Small bottle, huge effect. Sufficient energy to supply a refrigerator for a day – 48 litres of hydrogen are bound in this 80 ml liquid, referred to as liquid organic hydrogen carrier or LOHC. Dr Kaufmann was in South Africa earlier this month. © BMBF/Hans-Joachim Rickel

Tharisa anticipating significant increase in earnings

By: Simone Liedtke     24th November 2020 JSE-listed integrated resources group Tharisa expects its headline earnings a share for the 12 months to September 30, to be between $0.16 and $0.17. Basic earnings a share will likely be in the same range. 

Coal mine on point of turning acid mine drainage into potable water at no cost  

By: Martin Creamer     23rd November 2020 An Mpumalanga coal mine is on the point of entering into an agreement before year-end to have its acid mine drainage water curse turned into potable water at no cost, Mining Weekly can today report. Recovered potassium nitrate, which retails at about R15 000/t and which is marketed at about R11... 

Coal mine on point of turning acid mine drainage into potable water at no cost
Trailblazer Technologies director John Bewsey interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Platinum investment demand, Anglo American, Sibanye-Stillwater make headlines  

20th November 2020 Mining Weekly Editor Martin Creamer unpacks platinum investment demand sky rocketing 291%, Anglo American’s investment commitment to South Africa and a New York court dismissing class action against Sibanye-Stillwater.   

Platinum investment demand, Anglo American, Sibanye-Stillwater make headlines
Platinum investment demand, Anglo American, Sibanye-Stillwater make headlines

Amplats’ Viljoen, Harmony’s Lekubo listed among world’s top 100 women in mining 

By: Donna Slater     19th November 2020 Volunteer nonprofit organisation Women in Mining UK (WIM UK) on November 19 released its biennial 100 Global Inspirational Women in Mining (WIM100) edition, which features a number of South Africa nominees. The WIM100, which was launched by WIM UK in 2013, highlights the wealth of female talent... 

Amplats’ Viljoen, Harmony’s Lekubo listed among world’s top 100 women in mining
Photo by Creamer Media's Donna Slater
Anglo American business improvement projects head and Women in Mining South Africa (WiMSA) incoming chairperson Petro du Pisani

Chrome producers want ferrochrome solutions that exclude export tax    

By: Martin Creamer     19th November 2020 South Africa’s non-integrated chrome ore exporters want to discuss ways of solving the existential threat to South Africa’s struggling ferrochrome industry to avoid the need for a tax being imposed on the export of locally mined chrome ore. But steadfastly in favour of a chrome ore export tax are... 

Chrome producers want ferrochrome solutions that exclude export tax
ChromeSA spokespersons interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Sarens Siba branches out into Brits to better serve its mining clients

By: Donna Slater     19th November 2020 Crane company Sarens Siba has opened a new mining-specific crane depot in Brits to service the needs of mines in the greater Rustenburg region. The depot will house mobile and all-terrain cranes in the 40 t to 120 t range that are in high demand by regional mines, and will mainly be used in the... 

Sarens Siba branches out into Brits to better serve its mining clients
Photo by Creamer Media's Donna Slater
A 100 t mobile crane at Sarens Siba's Brits depot

Resources Watch 

18th November 2020 Zambia copper explorer has exclusivity agreement with Anglo American; Platinum-linked green hydrogen economy right for Africa; And, Completion of first phase of Kore Potash’s new starter project expected in May 

Resources Watch
Resources Watch

Anglo’s investment commitment to South Africa up R15bn  

By: Martin Creamer     18th November 2020 Anglo American is on track to exceed its original investment commitment to South Africa, despite Covid-19 impacts, Mining Weekly can report. At this year’s SA Investment Conference, the London- and Johannesburg-listed diamond, platinum group metals and iron-ore mining company increased its total... 

Anglo’s investment commitment to South Africa up R15bn
Anglo American CEO Mark Cutifani

Platinum investment demand rockets on risk and hydrogen – WPIC

By: Martin Creamer     18th November 2020 Platinum investment demand rocketed 291% in the three months to September 30, World Platinum Investment Council (WPIC) reported on Wednesday, when it forecast a third consecutive annual platinum deficit next year on an initial projected 2021 deficit of 224 000 oz. The high third-quarter (Q3)... 

Platinum investment demand rockets on risk and hydrogen – WPIC
Paul Wilson

Africa needs to cultivate cluster of ‘real catalytic investors’ in response to pandemic

By: Simone Liedtke     16th November 2020 Africa needs to cultivate a cluster of “real catalytic investors to mount strong, build-back better resilient mining investment” in response to the global Covid-19 pandemic, says Africa investor Hubert Danso. Speaking during the opening keynote of this year’s Africa Mining Forum, held virtually,... 

Iridium breakthrough a boost for green hydrogen economy, PGMs mining  

By: Martin Creamer     16th November 2020 The amount of iridium required to electrolyse green hydrogen has been drastically reduced, a breakthrough that is a significant boost for the upcoming green hydrogen economy as well as South African platinum group metals (PGMs) mining. Heraeus Precious Metals has achieved a material thrifting... 

Iridium breakthrough a boost for green hydrogen economy, PGMs mining
Heraeus Precious Metals Executive Vice President Philipp Walter interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Gemfields to sell minority indirect interest in Pilanesburg Platinum Mines  

By: Marleny Arnoldi     13th November 2020 Aim- and JSE-listed Gemfields has started a sales process for its 23.54% holding in Pallinghurst Ivy Lane Capital, which owns 27.64% of Sedibelo Platinum Mines (SPM), giving Gemfields an indirect interest in SPM of about 6.54%. SPM is incorporated in Guernsey and owns and operates the... 

Mining output down 2.8% y/y in September

By: Creamer Media Reporter      12th November 2020 South Africa's mining production decreased by 2.8% year-on-year in September, with the iron-ore sector having made the largest negative contribution and diamonds the largest positive contribution. Seasonally adjusted mining production decreased by 0.3%  month-on-month in September. 

New York court dismisses class action against Sibanye-Stillwater 

By: Martin Creamer     12th November 2020 A Brooklyn, New York, Federal Court has dismissed with prejudice, a putative securities class action suit seeking damages for allegedly false and misleading statements by Sibanye-Stillwater and its CEO Neal Froneman relating to safety incidents in 2018. The class action, which was brought on... 

New York court dismisses class action against Sibanye-Stillwater
Photo by Creamer Media
Neal Froneman

Nigerian billionaire plans to dig platinum mine in Zimbabwe

By: Bloomberg     11th November 2020 Bravura Holdings, owned by Nigerian billionaire Benedict Peters, has $1-billion available for the development of a platinum mine in Zimbabwe, its country manager said. The 3 000 ha concession where it plans to dig the mine is in Selous, 80 km south of Zimbabwe’s capital Harare and close to... 

Platinum-linked green hydrogen economy right for Africa, says project manager  

By: Martin Creamer     10th November 2020 The long value chain of green hydrogen economy has the potential to create a multiplicity of jobs and open up the market for investment possibilities for the Southern African region into what is expected to become a multi-trillion-dollar global decarbonisation market. Forschungszentrum Jülich... 

Platinum-linked green hydrogen economy right for Africa, says project manager
Mining Weekly’s Martin Creamer is given update on platinum-linked green hydrogen. Video: Darlene Creamer.

Jubilee achieves record full-year PGM production

By: Donna Slater     10th November 2020 Aim- and AltX-listed metals processing company Jubilee Metals Group’s total revenue for the financial year ended June 30 increased by 132%, to R1.1-billion. The company, which has chrome and platinum group metals (PGM) operations in South Africa and a lead, zinc and vanadium project in Zambia,... 

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