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Rhodium News

South African platinum workers eye windfall as wage talks near

By: Bloomberg     16th March 2022 South Africa’s biggest platinum mining union will next week start submitting wage demands to companies as workers push for a share of the windfall profits brought by rallying metal prices. Negotiations for a three-year wage deal with producers including Anglo American Platinum.,... 

Equivalent of a Koeberg arising in solar projects – AmaranthCX  

By: Martin Creamer     14th March 2022 The equivalent of a Koeberg power station is arising in the form of new largely mine-linked private-sector solar power photovoltaic projects across Southern Africa, according to AmaranthCX director and founder Paul Miller, whose company is working on the second edition of its electronic map of... 

Creamer Media screenshot
AmaranthCX director Paul Miller interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

75 MW renewable energy project for Sedibelo Platinum 

By: Martin Creamer     11th March 2022 Pilanesberg Platinum Mines, a subsidiary of Sedibelo Platinum, has appointed the juwi/Sturdee Energy consortium as preferred bidder to supply renewable energy to the mining operation. The parties have signed a memorandum of understanding and will now commence negotiations towards a power purchase... 

Picture supplied.
An evening view of Sedibelo's Pilanesberg Platinum Mines.

South Africa must move very rapidly towards green energy, climate webinar hears  

By: Martin Creamer     11th March 2022 The ratio between green energy and brown energy in South Africa needs to move very rapidly in favour of green energy, says Climate Adaptation Lead to the South African Presidential Climate Commission and Institute for Security Studies Africa senior research associate Dhesigen Naidoo. Naidoo was... 

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Fasken webinar on transition to green energy covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Royal Bafokeng Platinum’s 30 MW solar power study close to completion  

By: Martin Creamer     10th March 2022 South Africa’s only rural community-owned mining company Royal Bafokeng Platinum (RBPlat), which delivered record dividend-yielding earnings and production 2021, is close to completing its renewable energy study on the building of an embedded 30 MW photovoltaic (PV) power plant. “It’s almost... 

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

Platinum surplus forecast to reduce significantly  

By: Martin Creamer     9th March 2022 The platinum surplus in 2021 is forecast to reduce by 47% in 2022 as Covid-related and operational disruptions gradually settle, the World Platinum Investment Council (WPIC) states in its Platinum Quarterly. Covering the fourth quarter of 2021, along with a full year review of 2021 and revised... 

World Platinum Investment Council Director of Research Trevor Raymond
World Platinum Investment Council Director of Research Trevor Raymond interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Hydrogen technology can drive innovation, socioeconomic recovery

By: Schalk Burger     8th March 2022 Dube TradePort-based hydrogen fuel cell manufacturer Chem Energy SA sees an enormous opportunity to start a hydrogen economy in South Africa, particularly as the country has a national green energy programme. Hydrogen power generation can be expanded to bring innovative technology companies into... 

CHEM SA's factory in KwaZulu-Natal

Share sell off undermines community’s influence on regional job sustainability – RBPlat  

By: Martin Creamer     8th March 2022 Platinum group metals (PGM) mining company Royal Bafokeng Platinum (RBPlat) CEO Steve Phiri on Tuesday criticised the sell-off of RBPlat shares by Royal Bafokeng Holdings (RBH) to Northam Platinum as an undermining of the direct significant influence of the 300 000-strong Bafokeng community on... 

Creamer Media screenshot.
Royal Bafokeng Platinum results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Royal Bafokeng Platinum delivers record production, best-ever earnings

By: Martin Creamer     8th March 2022 Platinum group metals company Royal Bafokeng Platinum (RBPlat) on Tuesday delivered record production and earnings in the 12 months ended December 31. The RBPlat board has declared a gross cash final dividend of 535 c per share, equating to R1.5 billion. This is in addition to the interim... 

Creamer Media picture
Photo by Creamer Media
Royal Bafokeng Platinum CEO Steve Phiri

Commitment to green economy is crucial, says ARM’s Patrice Motsepe 

By: Martin Creamer     7th March 2022 Diversified mining company African Rainbow Minerals (ARM) has reiterated its commitment to transitioning from coal to renewable energy, with its executive chairperson Patrice Motsepe describing the global commitment to the green economy as being not only important but crucial. Motsepe was... 

Creamer Media photograph
Photo by Creamer Media
African Rainbow Minerals executive chairperson Patrice Motsepe.

Decarbonisation standing out as key metals/mining value driver – Wood Mackenzie  

By: Martin Creamer     4th March 2022 As pressure mounts for the world to align meaningfully with the 1.5 °C global temperature rise scenario, decarbonisation is standing out as a key driver of metals and mining value. “This has strengthened our view that the mining industry now has a clear pathway towards long-term transformative... 

Creamer Media screenshot taken during webinar.
Wood Mackenzie future facing mined commodities forum covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Decarbonisation creating greatest investment opportunity of our lifetime – Sibanye-Stillwater   

By: Martin Creamer     3rd March 2022 The decarbonising of the global economy to prevent climate change is going to create the greatest investment opportunity of our lifetime. It will also leave behind the companies that do not adapt – regardless of what industry they are in. 

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Sibanye-Stillwater presentation covered by Mining Weekly’s Martin Creamer.

Sibanye-Stillwater delivers another record performance with highest-ever dividend

By: Martin Creamer     3rd March 2022 Precious metals mining company Sibanye-Stillwater in 2021 delivered another record financial performance, with revenue of R172.2-billion and adjusted earnings before interest taxation depreciation and amortisation (Ebitda) of R68.6-billion. Revenue was 35% higher than for 2020 and Ebitda 39%... 

Creamer Media picture.
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Sibanye reveals maiden lithium, zinc resources

By: Creamer Media Reporter      2nd March 2022 Precious and battery metals miner Sibanye-Stillwater has declared a maiden lithium mineral resource of 78 500 t of lithium oxide and a maiden zinc mineral reserve of 1.02-billion pounds. The lithium and zinc resources were acquired as part of Sibanye's entry into the green metals sector, with the... 

ESG slowing down as energy transition highlights mining as indispensable – RMF  

By: Martin Creamer     2nd March 2022 The energy transition is highlighting mining as an indispensable industry, said Responsible Mining Foundation (RMF) CEO Hélène Piaget in opening a webinar on 'Responsible Mining Index (RMI) Report 2022', which reports a slowdown in economic, environmental, social and governance (ESG). “Yet there... 

Creamer Media screenshot.
Responsible Mining Foundation report covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Zimbabwe platinum miner granted licence to generate 185 MW of solar power 

By: Martin Creamer     1st March 2022 Zimbabwe platinum group metals mining company Zimplats has been granted a licence to generate 185 MW of its own solar power. Zimplats is already totally green through the use of hydropower and the solar power will enhance the position of the expanding company and provide security of electricity... 

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Implats executive sustainable development Dr Tsakani Mthombeni

Implats allays fears that Russia/Ukraine conflict may impact PGMs supply  

By: Martin Creamer     1st March 2022 Given the prominence of Russia as a platinum group metals (PGMs) producer, there are fears that it may potentially have an impact on global PGMs supply, Implats CEO Nico Muller said on Tuesday, when the JSE-listed company delivered robust earnings and free cash flow generation for its half year... 

Creamer Media screenshot.
Implats half-year presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Detailed engineering on Ivanplats’ major new PGMs mine under way

By: Darren Parker     1st March 2022 Detailed engineering studies are under way on the initial 770 000 t/y mine and concentrator at TSX-listed Ivanhoe Mines’ South African subsidiary Ivanplats’ tier-one Platreef palladium, rhodium, nickel, platinum, copper and gold project in South Africa. This work is being done in parallel with... 

A photo of Ivanhoe co-chairperson Robert Friedland
Photo by Bloomberg
Ivanhoe co-chairperson Robert Friedland

Debt-free Implats generates R15bn free cash, declares dividend, advances projects

By: Martin Creamer     1st March 2022 Platinum group metals (PGM) mining and marketing company Impala Platinum Holdings (Implats) on Tuesday delivered robust earnings and free cash flow generation for its half year ended December 31, despite the retracement in rand PGM pricing from recent highs and a decline in sales volumes.... 

Picture supplied
Photo by Implats
Impala Refinery in Springs

Study ranks Ivanplats’ Platreef as one of the largest PGM-producing mines in the world 

By: Darren Parker     28th February 2022 TSX-listed Ivanhoe Mines’ South African subsidiary Ivanplats and its partners have announced “outstanding” positive results of an independent feasibility study for the company’s tier-one Platreef palladium, rhodium, nickel, platinum, copper and gold project in South Africa. The feasibility study... 

Ivanplats' Platreef project

2021 was a 'watershed' year for Tharisa, says Pouroulis

By: Tasneem Bulbulia     24th February 2022 Dual-listed Tharisa’s last financial year was a “watershed” year for the company, chairperson Loucas Pouroulis said in a statement delivered at the company's annual general meeting on February 24. During the year under review, Tharisa started production at Salene Chrome Zimbabwe, while completing... 

Platinum group metals may also play role in batteries – Anglo American Platinum  

By: Martin Creamer     23rd February 2022 The unique properties of platinum group metals (PGMs) may also play a role in batteries, says Anglo American Platinum (Amplats) CEO Natascha Viljoen. Speaking to Mining Weekly in a Zoom interview, Viljoen highlighted how PGMs are poised to play a role, no matter the direction in which the energy... 

Creamer Media screenshot taken during presenttion of financial results.
Anglo American Platinum CEO Natascha Viljoen interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Biden announces investments to shore up key critical mineral supplies

By: Mariaan Webb     23rd February 2022 US President Joe Biden on Tuesday announced several investments in the domestic production of key critical minerals and materials, as the country moves to break its dependence on China and secure a ‘Made in America’ supply chain. In a White House statement, Biden announced that MP Materials had... 

An image of the White House

USGS finalises 2022 list of 50 ‘critical minerals’

By: Creamer Media Reporter      23rd February 2022 The United States Geological Survey (USGS) has published its final list of 50 mineral commodities critical to the US economy and national security, updating the 2018 list that contained fewer commodities. New additions to the list include nickel and zinc, while helium, potash, rhenium and... 

African miners aggressively pursuing decarbonisation

By: Tasneem Bulbulia     22nd February 2022 Mining companies are aggressively pursuing decarbonisation at their operations, with a myriad of different strategies, and varying timelines across the spectrum of miners, but with the same end-goal of reducing carbon emissions and ultimately achieving net-zero operations. This was indicated by... 

The solar and heavy fuel oil hybrid energy plant at B2Gold's Fekola mine
The solar and heavy fuel oil hybrid energy plant at B2Gold's Fekola mine

Kumba fast-tracking solar, customising green hydrogen, sees good lump premium prospects 

By: Martin Creamer     22nd February 2022 South Africa’s major iron-ore producer and marketer Kumba Iron Ore is fast-tracking solar power permitting and looking to wind energy, it is discussing the use of green hydrogen with particularly European customers, and it foresees relatively strong iron-ore prices continuing in the short term as... 

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

Multiple renewable energy forms being evaluated across South Africa – Anglo Platinum  

By: Martin Creamer     21st February 2022 Platinum group metals (PGMs) miner and marketer Anglo American Platinum (Amplats), which on Monday reported a record 2021 financial performance, is collectively evaluating options to access multiple forms of renewable energy across South Africa, including hydro pump power and wheeling renewable... 

Picture supplied
Anglo American Platinum’s record financial results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Sylvania records lower interim revenue on the back of subdued PGM basket prices

By: Donna Slater     21st February 2022 Aim-listed platinum group metals (PGMs) miner Sylvania Platinum recorded net revenue of $69.1-million for the first half of its 2022 financial year ended December 31, 2021 – a 19% decrease year-on-year as a result of lower PGM ounce production and basket price, as well as a negative sales... 

It’s records all round for Glencore in ‘terrific’ 2021  

By: Martin Creamer     15th February 2022 2021 was a terrific year for the company, Glencore CEO Gary Nagle said on Tuesday, when he reported record earnings before interest tax depreciation and amortisation (Ebitda) of $21.3-billion, a record marketing performance Ebit of $3.7-bilion, and a record industrial business performance of... 

Screenshot taken by Creamer Media during Glencore's presentation of results.
Glencore’s record financial results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Glencore’s earnings rocket 84% to $21.3bn

By: Martin Creamer     15th February 2022 Diversified mining and marketing company Glencore on Tuesday announced 84% higher financial results for the year, with earnings before interest tax depreciation and amortisation (Ebitda) rising to $21.3-billion. Looking forward, Glencore CEO Gary Nagle said the company remained focused on its... 

Pictue supplied
Glencore CEO Gary Nagle

Red tape delaying R90bn investment in ready-to-go projects – Minerals Council 

By: Martin Creamer     14th February 2022 Red tape is delaying investment worth R90-billion in ready-to-go mining-related projects, at a time when the South African economy is in desperate need of such projects proceeding, to create jobs and to stimulate economic growth. Projects worth R30-billion would be able to proceed if the 4... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Weekly Commodities Market Wrap

By: Creamer Media Reporter      14th February 2022 ENERGIES - Coal continues strong although a market correction is imminent once European physical supplies are assured. The current strong physical premiums being enjoyed are likely to align back to paper market levels, especially considering that natgas, power and carbon markets were softer on... 

An image of the latest spot market prices for various metals

Green hydrogen strategy supporting development of R270bn Northern Cape pipeline 

By: Martin Creamer     11th February 2022 Over the past year, the South African government has built on its successful hydrogen strategy to make major strides in positioning the country as a global leader in the green hydrogen market, President Cyril Ramaphosa stated during his State of the Nation Address. This positioning included the... 

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President Cyril Ramaphosa

Amplats expects up to 166% rise in full-year headline earnings

By: Marleny Arnoldi     11th February 2022 JSE-listed Anglo American Platinum (Amplats) expects its headline earnings for the year ended December 31, to be between 146% and 166% higher year-on-year at between R74.8-billion and R80.8-billion. This compares with headline earnings of R30.3-billion reported for 2020. 

Platinum industry expected to take off

By: Claire O'Reilly     11th February 2022 Global platinum investment organisation the World Platinum Investment Council (WPIC) believes that the current state of the platinum group metals (PGMs) industry is, overall, buoyant as PGMs continue to be in demand for a range of industrial, and other, applications. 

Reagents finally ready to break into PGMs market

By: Claire O'Reilly     11th February 2022 Reagents manufacturer and supplier Axis House has identified 2022 as the year to introduce its platinum group metals (PGMs) range of technical reagents – comprising collectors, depressants and frothers – into the Southern African market. 

Profits mimic recycled demand

By: Claire O'Reilly     11th February 2022 Since the emergence of exchange traded funds, platinum has increasingly been used as an investment vehicle. Owing to its value, platinum tends to be recycled quite readily and, because of its rarity and use as a store of value, “there’s no more important precious metal to recycle and refine than... 

Foreseen renewables demand providing opportunity for job creation, just energy transition 

By: Martin Creamer     10th February 2022 Demand already foreseen is providing South Africa with the far-reaching and very welcome opportunity to create sufficient new jobs – “and then some” – to ensure a just energy transition away from the country’s current climate-threatening carbon intensity, Mining Weekly can report. South Africa’s... 

Screenshot by Creamer Media during Creamer Media webinar
Photo by Creamer Media
From left, clockwise, Paul O’Flaherty, Dr Tsakani Mthombeni, Hein Reyneke, and Andre de Ruyter
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