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Rhodium News

Sibanye-Stillwater signals half-year earnings decline 

By: Martin Creamer     17th August 2022 Precious and future-facing metals mining company Sibanye-Stillwater on Wednesday advised of an upcoming half-year earnings decline in a trading statement and operations update for the six months to June 30. A decline of 47% to 52% is expected in earnings per share and headline earnings per share... 

Eastplats lifts second-quarter revenue, production

By: Donna Slater     15th August 2022 The revenue of JSE- and TSX-listed platinum group metals (PGM) miner Eastern Platinum (Eastplats) increased by 2.5% year-on-year to $20.5-million in the second quarter, taking year-to-date revenue to $37.9-million. Mine operating income increased by 25.2% or $900 000 year-on-year to $4.2-million... 

Stillwater repositioned for delivery through commodity cycle 

By: Martin Creamer     12th August 2022 Prevailing macro-environment challenges and changing palladium market conditions have prompted a strategic revision of Sibanye-Stillwater’s United States platinum group metal (PGM) operations, which in June suffered a one-in-200-year flood at Stillwater, in the Montana region. These challenges... 

The Sibanye-Stillwater US platinum group metals panel is (clockwise from bottom left) Neal Froneman, James Wellsted, Wayne Robinson, Richard Stewart, Charles Carter, and Pieter Henning.
Sibanye-Stillwater US presentation covered by Mining Weekly’s Martin Creamer. Video: Nicholas Boyd.

PGMs miner emphasises female representation

By: Sabrina Jardim     12th August 2022 Platinum group metals (PGMs) miner Impala Platinum’s (Implats’) Gender Equity forums have made progress in advancing gender mainstreaming activities and the company is working towards achieving 15% female representation by 2025. Implats has achieved its aim of having women account for 25% of... 

An image depicting a smiling woman wearing sunglasses, a green hardhat and blue uniform
CONTINUOUS IMPROVEMENT The company was again listed on the Bloomberg Gender-Equality Index in 2022

Royal Bafokeng, Amplats agree to extend concentrate purchase agreement

By: Donna Slater     11th August 2022 Rustenburg Platinum Mines (RPM) – a wholly-owned subsidiary of Anglo American Platinum (Amplats), has agreed to extend its disposal of concentrate agreement (Doca) with Royal Bafokeng Resources (RBR) – a wholly-owned subsidiary of Royal Bafokeng Platinum (RBPlat), to February 10, 2023. This comes... 

Environmental, social and governance elevating to safety-equalling status, mining webinar hears  

By: Martin Creamer     11th August 2022 The shift from linear to circular value chains has the potential to impact all aspects of mining and requires a rethink, Anglo American Platinum sustainable impact head Stephen Bullock has told a Southern African Institute of Mining and Metallurgy (SAIMM) webinar. In a presentation on the... 

Anglo American Platinum sustainable impact head Stephen Bullock.
Southern African Institute of Mining and Metallurgy webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Royal Bafokeng looking to R1.6bn off-balance-sheet spend on 98 MW solar plant  

By: Martin Creamer     10th August 2022 Platinum group metals (PGMs) mining company Royal Bafokeng Platinum (RBPlat) is looking to off-balance-sheet capital expenditure of R1.6-billion for a 98 MW solar power plant. The photovoltaic (PV) plant will further buffer RBPlat and the region from load-shedding into the future should it prove... 

RBPlat's Rotshidzwa Manenzhe.
Royal Bafokeng Platinum results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Barrick takes lead in holistic ESG integration amid ‘greenwashing’ scepticism 

By: Martin Creamer     8th August 2022 Gold and copper mining company Barrick has taken the lead in integrating the various aspects of environmental, social and governance (ESG) to ensure holistic and objective measurement, Barrick CEO Dr Mark Bristow stated on Monday, when the New York- and Toronto-listed company reported strong... 

Barrick CE Dr Mark Bristow.
Barrick CE Dr Mark Bristow.

Implats’ earnings to decline on lower sales revenue, inflationary pressures

By: Donna Slater     5th August 2022 Platinum group metals (PGMs) miner Impala Platinum (Implats) expects its basic earnings for the financial year ended June 30 to decrease by between 29% and 35% year-on-year, to between R30.5-billion and R33.5-billion, while its earnings a share for the period are expected to decrease by between... 

Platinum-based fuel cells key for heavy-haul industry – WPIC

By: Donna Slater     4th August 2022 The World Platinum Investment Council (WPIC) reports that interest in using hydrogen fuel cells in the heavy-haul industry is growing rapidly, with several interesting developments currently under way. Platinum-based, proton exchange membrane (PEM) hydrogen fuel cells provide zero emissions... 

Anglo launches start-up incubator programme across its operations’ communities

By: Marleny Arnoldi     3rd August 2022 Diversified miner Anglo American South Africa has launched an incubator programme through its enterprise development arm, Zimele, aimed at turning 500 start-up businesses in rural communities into sustainable and successful companies. The programme will assist mainly youth- and women-owned... 

Eastplats promotes Hanson to COO

By: Donna Slater     3rd August 2022 JSE- and TSX-listed midtier platinum group metals miner Eastern Platinum (Eastplats) has promoted former South Africa GM Hannelie Hanson to the position of group COO. She has more than 24 years of experience in mining as a technical specialist and a strategic leader, currently heading up... 

Anglo’s big on-site solar, off-site wind plan lays foundation for green hydrogen  

By: Martin Creamer     3rd August 2022 The planned construction by Anglo American of on-site solar plants and off-site regional wind farms is designed to create a renewable energy ecosystem that reduces Scope 2 emissions and lays the foundation for green hydrogen production – “a hugely ambitious piece of work, and not one that is... 

Anglo American CE Duncan Wanblad.
Anglo American results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

RBPlat buyout essential to keep Implats’ Rustenburg mining going, hearing hears

By: Donna Slater     2nd August 2022 Platinum miner Impala Platinum (Implats), through law firm Group 621, reports that, without its proposed large-scale merger with Royal Bafokeng Platinum (RBPlat), it will not be able to continue mining at its Rustenburg mine as the mine nears the end of its life. Implats intends to acquire a... 

Royal Bafokeng applauds President’s energy plan, nears decision on solar  

By: Martin Creamer     2nd August 2022 Royal Bafokeng Platinum CEO Steve Phiri on Tuesday applauded President Cyril Ramaphosa’s energy plan, which involves the introduction of new generation capacity to the grid as quickly as possible to give Eskom the required headroom to carry out much-needed maintenance on its ageing coal fleet.... 

Royal Bafokeng Platinum CEO Steve Phiri.
Royal Bafokeng Platinum CEO Steve Phiri interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Royal Bafokeng Platinum declares conservative R711m interim dividend 

By: Martin Creamer     2nd August 2022 Taking into consideration the declining basket price, the uncertain demand fundamentals, global recession fears and the continuing uncertainty brought about by the M&A activity, the board of Royal Bafokeng Platinum (RBPlat) decided to adopt a conservative approach in declaring the interim... 

President Ramaphosa’s got it right, says ex-Eskom CEO on new energy plan  

By: Martin Creamer     1st August 2022 African Rainbow Energy and Power CEO and former Eskom CEO Brian Dames concurs fully with the energy plan unveiled by President Cyril Ramaphosa. “I think he’s got it right,” was Dames's summing up of the President's energy initiative during a discussion at the Coal & Energy Transition Day, covered... 

Creamer Media screenshot image.
Coal & Energy Transition Day covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Marginal decrease in ICMM members’ mining fatalities globally in 2021

By: Donna Slater     29th July 2022 Organisation for safe, fair and sustainable mining and metals the International Council on Mining and Metals (ICMM) reports that South African member companies accounted for 51% of the 43 fatalities recorded by ICMM member companies globally in 2021, at 27 fatalities. The US followed with four... 

RBPlat warns of half-year earnings decline

By: Donna Slater     28th July 2022 Despite platinum group metals (PGMs) miner Royal Bafokeng Platinum’s (RBPlat’s) production for the six months ended June 30 having increased by 4.5% on the back of a strong performance at the Bafokeng Rasimone platinum mine, the miner says its basic earnings a share and headline earnings a share... 

Sylvania dump operations increases output by 19% in the fourth quarter

By: Donna Slater     28th July 2022 Aim-listed platinum group metals (PGM) miner Sylvania Platinum’s dump operations achieved a 19% year-on-year increase in production to 18 837 oz for the fourth quarter ended June 30. This took full-year production to 67 053 oz.  

Zimbabwe raises mines power tariff by 8% to meet production cost

By: Bloomberg     28th July 2022 Zimbabwe’s power utility ZESA Holdings will no longer charge mining houses tariffs below cost of production as it is struggling to service “ballooning power import debt.” Exporters, such as mining companies, will be charged $0.1063/kWh from August 1, ZESA executive chairperson Sydney Gata said in... 

Green electron/hydrogen advance set to move much faster – Anglo 

By: Martin Creamer     28th July 2022 Anglo American CEO Duncan Wanblad on Thursday expressed delight at the energy announcement of President Cyril Ramaphosa, who has unveiled several far-reaching interventions, including a doubling in the allocation for the next renewables procurement round, an uncapping of the 100 MW... 

Anglo American CEO Duncan Wanblad
Anglo American CEO Duncan Wanblad

Zimplats reports higher quarterly production

By: Darren Parker     27th July 2022 ASX-listed platinum group metals (PGMs) miner Zimplats has reported a quarter-on-quarter increase of 9% in mined tonnage and an increase of 4% in milled tonnage for the quarter ending June 30. This translated to a 4% year-on-year increase in ore mined, with no change in tonnes of ore milled. 

Entrance to Mupani mine

Radical renewables, hydrogen ramp-up needed, coal energy transition day hears 

By: Martin Creamer     27th July 2022 A radical ramp-up of renewable energy and green hydrogen capacity will be needed by 2040 to take South Africa towards a net-zero climate change commitment, the Coal & Energy Transition Day heard on Wednesday. On the coal-fired power front, South Africa would from the 2040s/2045s need to have... 

Creamer Media screenshot.
Photo by Creamer Media
Presidential Climate Change Commission executive director Chrispian Olver.

Investors remain ‘cautiously optimistic’ about platinum’s future

By: Marleny Arnoldi     27th July 2022 Platinum and palladium prices have been heavily influenced by high inflation this year, with financial markets remaining concerned about higher interest rates and real rates of growth. Research and consultancy company CPM Group on July 27 presented a market outlook presentation for the two... 

World-first hydrogen haul truck operational from August – Anglo Platinum  

By: Martin Creamer     27th July 2022 The pilot world-first hydrogen haul truck launched early in the year, has had some final changes made to it before it heads into the pit and goes into operational mode from August. Meanwhile, the second prototype is already underway, where learnings from the first truck are being taken into the... 

Anglo American's nuGen truck.
Anglo Platinum CEO Natascha Viljoen interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Steel market embracing need for decarbonisation, says Kumba Iron Ore  

By: Martin Creamer     26th July 2022 At a time when steelmakers the world over are taking strong steps to decarbonise steelmaking, Kumba Iron Ore’s high-quality, high-lump iron-ore is highly sought after, which positions the Johannesburg Stock Exchange-listed mining and marketing company well in the global fight against climate... 

Kumba Iron Ore CEO Mpumi Zikalala.
Kumba Iron Ore results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Kumba Iron Ore excited by President’s energy plan, working earnestly on carbon reduction 

By: Martin Creamer     26th July 2022 Kumba Iron Ore CEO Mpumi Zikalala on Tuesday expressed excitement at the energy announcement of President Cyril Ramaphosa, who unveiled several far-reaching interventions, including a doubling in the allocation for the next renewables procurement round, an uncapping of the 100 MW... 

Kumba marketing and seaborne logistics executive head Timo Smit.
Kumba marketing and seaborne logistics executive head Timo Smit.

Wesizwe CEO steps down

By: Creamer Media Reporter      25th July 2022 Wang Hongile has stepped down as CEO of Wesizwe Platinum owing to ill health. Wesizwe has appointed deputy CEO Zhimin Li as interim CEO. 

Decarbonisation, renewables can create new economic sectors in SA – Anglo Platinum 

By: Martin Creamer     25th July 2022 JOHANNESBURG (miningweekly.com) – Anglo American Platinum CEO Natascha Viljoen on Monday expressed the firm belief that decarbonisation and renewable energy have the potential to create new economic sectors in South Africa. On the renewable energy front, Viljoen also revealed that Anglo Platinum... 

Anglo American Platinum CEO Natascha Viljoen
Anglo American Platinum CEO Natascha Viljoen

Anglo Platinum declares R21bn dividend, levers R71bn half-year societal underpin 

By: Martin Creamer     25th July 2022 Platinum group metals (PGMs) mining and marketing company Anglo American Platinum on Monday declared a gross interim dividend of R21.5-billion from profits accrued during the six-month period ended June 30, when it made a R71-billion economic contribution to society. The dividend is equivalent to... 

Creamer Media picture
Photo by Creamer Media
Anglo American Platinum CFO Craig Miller

Europe leads even though sun, wind, storage, green electron/molecule energy is tailor made for South Africa 

By: Martin Creamer     22nd July 2022 This week the European Commission approved €5.4-billion of public support by 15 member states for a hydrogen technology value chain taking in hydrogen generation technology, fuel cells technology, storage technology and end-user technology. The week before, Shell started building Europe’s largest... 

The European Commission approval of €5.4-billion took in backing from Austria, Belgium, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Italy, Netherlands, Poland, Portugal, Slovakia and Spain.
The European Commission approval of €5.4-billion took in backing from Austria, Belgium, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Italy, Netherlands, Poland, Portugal, Slovakia and Spain.

Anglo progresses sustainability as Chile drought hits copper output 

By: Martin Creamer     21st July 2022 Diversified mining and marketing company Anglo American is progressing towards its stretching sustainability targets on all fronts while partnering to accelerate the deployment of hydrogen-powered haul truck technology across the mining industry and other transport applications. This was... 

Anglo American CEO Duncan Wanblad
Photo by Anglo American
Anglo American CEO Duncan Wanblad

Anglo Platinum maintains 2022 guidance as half-year earnings head for fall 

By: Martin Creamer     21st July 2022 Johannesburg Stock Exchange-listed platinum group metals (PGMs) mining and marketing company Anglo American Platinum has maintained its metal-in-concentrate PGM guidance, while also advising of a potential halving of half-year earnings in the six months to June 30. Guided for 2022 is 3.9-million... 

Hydrogen-powered truck launch highlights sustainability progress.
Photo by Anglo American
Hydrogen-powered truck launch highlights sustainability progress.

Platinum-containing hydrogen fuel technology driving net-zero ambitions – WPIC

By: Donna Slater     15th July 2022 The World Platinum Investment Council (WPIC) says platinum group metals (PGMs) are enabling many sectors globally to achieve net-zero carbon emissions goals through their use in hydrogen energy and low-emissions technology, and especially through green hydrogen production. Hydrogen fuel – made... 

Hydrogen haul truck
Anglo American's 290 t hydrogen-powered haul truck

Basing analysis solely on data can result in treasure being mistaken for trash  

By: Martin Creamer     15th July 2022 Applying subject matter expertise to process data streams for accuracy is a necessary part of mining’s new digital age, according to SRK Consulting Global chief technology officer Mike Olsen. Olsen, the leader of SRK’s data engineering team, spoke to Mining Weekly in a Zoom interview from Canada.... 

How to avert the risk of valuable information being disregarded.
SRK Consulting Global chief technology officer Mike Olsen interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Mining production down 7.8% y/y in May, but sales increase

By: Tasneem Bulbulia     14th July 2022 Mining production decreased by 7.8% year-on-year in May, Statistics South Africa (Stats SA) has revealed. The largest negative contributors were gold (-28.3% and contributing -4.6 percentage points); coal (-7.3% and contributing -1.9 percentage points); and manganese ore (-14.5% and contributing... 

New mining Bill major threat to jobs and investment, must be strenuously opposed – ENSafrica  

By: Martin Creamer     14th July 2022 A new draconian mining industry draft Bill, which threatens jobs and investment – and can even impose a penalty of 10% of turnover on a mine company, along with corporate manslaughter charges – must be “very, very strenuously opposed", top South African mining industry lawyer Willem Le Roux urged... 

Creamer Media screenshot
Photo by Creamer Media
Presenting ENSafrica webinar are from top anti-clockwise Willem Le Roux, Pieter Colyn and Celeste Coles.
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