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Rhodium News
China gives platinum major boost with launch of PGMs centre in Shanghai 
By: Martin Creamer 2nd September 2022 In what is a major boost for platinum group metals (PGMs), a new trade and technology centre dedicated to the growth of the PGMs market is being established in China, already the single largest consumer of PGMs, accounting for more than 25% of total demand. Anglo American, Honeywell and the... →
ARM ups dividend, highlights climate commitment, shifts to green energy 
By: Martin Creamer 1st September 2022 Diversified mining company African Rainbow Minerals (ARM) on Thursday paid higher dividends, reiterated its full commitment to climate change mitigation, and outlined the start of its intended shift towards the implementation of renewable energy. In affirming the Johannesburg Stock... →
Implats commits R50bn capex to mines, beneficiation, energy, decarbonisation
By: Martin Creamer 1st September 2022 Platinum group metals (PGM) company Implats, which generated free cash flow of R28.8-billion in the 12 months to June 30, said on Thursday that it had allocated R4.3-billion over the next five years to energy security and decarbonisation. Gross profit totalled R41.3-billion at a gross margin of... →
Implats acquires a further 1.36m RBPlat shares
By: Creamer Media Reporter 31st August 2022 Platinum group metals miner Impala Platinum (Implats) has concluded agreements to acquire a further 1.36-million shares in fellow PGMs miner Royal Bafokeng Platinum (RBPlat). This will increase Implats' stake in RBPlat to 38.86%. →
Northam constructing, commissioning solar plants, securing wind energy
By: Martin Creamer 26th August 2022 The renewable energy plans of the Booysendal platinum group metals (PGMs) mine of Northam Platinum have been detailed quite extensively in the company’s 95-page sustainability report that will be available shortly online, Northam Platinum CEO Paul Dunne said on Friday, when the Johannesburg Stock... →
Northam forecasts R5.4bn capex as growth projects progress
By: Martin Creamer 26th August 2022 Platinum group metals company Northam, which refined 9.7% more metal than the prior year in the 12 months to June 30, on Friday forecast capital expenditure (capex) of R5.4-billion for the current 2023 financial year – up on the R4.6-billion of 2022, and reflecting the progress of its... →
Sibanye-Stillwater strategising energy solution involvement
By: Martin Creamer 25th August 2022 Energy solutions that reverse climate change are on the list of strategic differentiators that Sibanye-Stillwater has under scrutiny, Sibanye-Stillwater CEO Neal Froneman said on Thursday, when the Johannesburg- and New York-listed platinum group metals (PGMs), gold and green metals company... →
Sibanye-Stillwater declares R3.9bn half-year dividend
By: Martin Creamer 25th August 2022 Precious metals and green metals company Sibanye-Stillwater on Thursday declared a cash dividend of R3.9-billion for the six months to June 30. The Johannesburg- and New York-listed company, headed by CEO Neal Froneman, reported a half-year profit R12.3-billion, the third highest six-month period... →
Implats, Patel conclude framework agreement for RBPlat acquisition
By: Donna Slater 24th August 2022 JSE-listed platinum group metals (PGMs) miner Impala Platinum (Implats) has concluded a framework agreement with Trade, Industry and Competition Minister Ebrahim Patel regarding its proposed acquisition of all outstanding shares in midtier PGM miner Royal Bafokeng Platinum (RBPlat) that it does... →
Plans progressing for 744 MW energy for alloys business – Merafe
By: Martin Creamer 23rd August 2022 Construction of the Swedish Stirling plant that converts off-gas to electricity will take place at the Lion ferrochrome smelter near Steelport starting in the second half of this year, Merafe Resources CEO Zanele Matlala said on Tuesday, when the ferrochrome company announced a dividend-yielding... →
Merafe CEO Zanele Matlala and Merafe FD Ditabe Chocho.
Green hydrogen atlas to be officially launched before year-end – Sasscal
By: Martin Creamer 22nd August 2022 With close to 90% of all the datasets for the Southern African green hydrogen atlas having been collected, its official launch will definitely take place before year-end, Sasscal executive director Dr Jane Olwoch assured Engineering News & Mining Weekly in a Zoom interview on Monday. Moreover,... →
South Africans called on to apply for funding to build South Africa’s hydrogen economy
By: Martin Creamer 19th August 2022 A call for funding applications to be submitted for the development of the hydrogen economy is made in an advertisement placed today by South Africa’s Technology Innovation Agency (TIA), an entity of the Department of Science and Innovation (DSI). The call is for funding applications to be... →
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... →
Sibanye-Stillwater CEO Neal Froneman.
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... →
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... →
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... →
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... →
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... →
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... →
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 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... →
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... →
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. →
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... →
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... →
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