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Rhodium News

Lower PGM, gold prices result in 5% y/y decrease in Sibanye's third-quarter Ebitda

By: Chanel de Bruyn     28th October 2021 Despite a solid operational performance in the third quarter ended September 30, lower average platinum group metal (PGM) and gold prices resulted in a decrease in precious and battery metals producer Sibanye-Stillwater's adjusted earnings before interest, taxes, depreciation and amortisation... 

Hydrogen turning Europe into climate neutral economy, energy leaders highlight 

By: Martin Creamer     28th October 2021 Hydrogen has an essential role to play to meet the climate change imperative of carbon neutrality, a World Hydrogen Leaders panel highlighted week. German, French, British, Norwegian and Swiss energy representatives taking part in the World Hydrogen Leaders discussion on the regulatory landscape... 

Creamer Media screenshot of World Hydrogen Leaders online event October 2021
World Hydrogen Leaders virtual event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Zimbabwe miners losing 20% of export proceeds to exchange rate distortions – report

By: Reuters     27th October 2021 Zimbabwe's miners are losing 20% of their export proceeds due to a widening gap between the official and black market currency exchange rate, an industry report showed on Wednesday. The Zimbabwe dollar is trading at 93 to the dollar on the official market, but is quoted as low as 180 against the... 

Sibanye-Stillwater well positioned as climate resilient business – Froneman 

By: Martin Creamer     27th October 2021 Precious and green metals company Sibanye-Stillwater is well positioned as a climate-change resilient business in the future green economy, says CEO Neal Froneman, who emphasises environmental social governance (ESG) as being core to the company’s strategy as it achieves its objective of building... 

Creamer Media screenshot taken during online webinar October 2021
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

RBPlat's shares rise on buyout offer from Implats

By: Chanel de Bruyn     27th October 2021 Platinum group metals (PGMs) miner Royal Bafokeng Platinum's (RBPlat's) share price on the JSE rose by more than 23% on Wednesday morning after shareholders were informed that fellow PGMs miner Impala Platinum (Implats) had made a nonbinding indicative proposal to acquire RBPlat. RBPlat and... 

A photo of the Bafokeng Rasimone Platinum Mine Concentrator plant
The Bafokeng Rasimone Platinum Mine Concentrator plant

Sylvania achieves record PGM performance at Tweefontein

By: Simone Liedtke     26th October 2021 Aim-listed Sylvania Platinum achieved a record platinum-group metal (PGM) production performance at its Tweefontein project, which contributed 2 209 oz towards the Sylvania Dump Operations (SDO) achieving 15 771 oz of platinum, palladium, rhodium and gold (4E) output in the first quarter of the... 

Platinum's atypical alkaline electrolyser role lowering hydrogen cost outlook 

By: Martin Creamer     26th October 2021 Platinum group metals (PGMs) are lifting the performance of an alkaline electrolyser, which is helping to lower the cost outlook of green hydrogen. PGMs have been incorporated in the catalytic coatings of the electrodes of the prototype Advanced Alkaline Electrolyser (AAE) alkaline electrolyser... 

Creamer Media screenshot of Hydrox electrolyser.
Photo by Creamer Media
Hydrox’s PGM-using alkaline electrolyser.

RBPlat produces 127 000 oz of PGMs in third quarter

By: Simone Liedtke     25th October 2021 Notwithstanding the ongoing impact of the Covid-19 pandemic, platinum group metals (PGMs) miner Royal Bafokeng Platinum (RBPlat) produced 127 000 oz of platinum, palladium, rhodium and gold (4E) for the quarter ended September 30. This progress was underpinned by an improved Styldrift... 

Canada’s First Nations see green hydrogen as an indigenous reconciliation opportunity 

By: Martin Creamer     25th October 2021 Hydrogen systems are not only going to be green, clean and low emission but they are also going to be local – and Canada’s First Nations see them as an indigenous reconciliation opportunity. “They’re going to be local energy systems,” Change Energy principal Rymal Smith said in response to Fasken... 

Creamer Media screenshot during Fasken webinar
Photo by Creamer Media
Bimaadzwin CEO Isadore Day

Mine operators need to take hydrogen very seriously, law firm webinar hears 

By: Martin Creamer     22nd October 2021 Mine operators need to take hydrogen and fuel cells very seriously as a pathway to decarbonisation, a webinar hosted by law firm Fasken heard this week. “There’s no pathway to zero carbon that does not include hydrogen and fuel cells,” H2GO Canada CEO Bob Oliver stated emphatically in response to... 

Creamer Media screenshot
Photo by Creamer Media
From to left, clockwise, Dan Brock, Isadore Day, Al Davidson, Rymal Smith and Bob Oliver.

No zero carbon without green hydrogen, US pledging $1/kg coal-parity price 

By: Martin Creamer     21st October 2021 The world will be unable to meet its zero-carbon targets without the introduction of green hydrogen solutions, says Plug Power chief strategy officer Sanjay Shrestha, at a time when the US has launched a programme to cut the cost of clean hydrogen by 80%. Nasdaq-listed Plug Power, a pure play... 

Creamer Media Screenshot
Photo by Creamer Media
Plug Power chief strategy officer Sanjay Shrestha

Diamonds, iron-ore drive 2% rise in Anglo American's third-quarter output  

By: Simone Liedtke     21st October 2021 Diversified miner Anglo American achieved a 2% increase in production for the third quarter, ended September 30, which CEO Mark Cutifani largely attributed to planned higher rough diamond production at its De Beers subsidiary, as well as increased production from the Minas-Rio iron-ore project,... 

A photo of Mark Cutifani, CEO of Anglo American
Photo by Bloomberg
Anglo American CEO Mark Cutifani

Amplats reports 'strong' Q3 performance, remains on track to meet FY guidance

By: Chanel de Bruyn     21st October 2021 Platinum group metals (PGMs) miner Anglo American Platinum (Amplats) remains on track to meet its full-year production and sales targets after a strong third-quarter performance. Metal-in-concentrate PGM production was 1.12-million ounces, in line with production in the third quarter of 2020,... 

A photo of Natascha Viljoen, CEO of Amplats
Amplats CEO Natascha Viljoen

Policy-not-law charter judgment going long way towards providing certainty – NSDV 

By: Martin Creamer     19th October 2021 The court judgement that the mining charter is policy and not law goes a long way towards providing regulatory certainty, says NSDV mining law senior associate Muhammed Khan ­– but it is not the end of the road, he cautions in a 1 500-word analysis entitled The Great Mining Charter Debate. Khan... 

Picutre supplied by NupenStaudeDeVries
NSDV mining law senior associate Muhammed Khan.

Incentive needed for smaller end of stock exchange to survive – Miller  

By: Martin Creamer     18th October 2021 An incentive is needed for the listing of companies on the smaller end of the stock exchange, which is facing an existential crisis, said AmaranthCX director and owner Paul Miller on Monday. Reacting to the groundswell of headlines about delistings and lack of listings on the Johannesburg Stock... 

Creamer Media screenshot of Paul Milller during October 2021 Zoom interview.
AmaranthCX director and owner Paul Miller interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Hydrogen fuel cell has inexhaustible future, says Fortescue’s Andrew Forrest 

By: Martin Creamer     15th October 2021 The hydrogen fuel cell has an inexhaustible future as a means of maintaining the planet’s high standard of living, said Fortescue Metals Group chairperson Andrew Forrest during a global online symposium this week. “Our little planet’s cooking, the world’s impatient and there’s any amount of... 

screenshot taken by Creamer Media during Plug Power symposium
Photo by Creamer Media
Plug Power CEO Andy Marsh (left) and Fortescue Metals Group chairperson Andrew Forrest (right)

Market recognising higher likelihood of platinum deficit than surplus in years ahead – WPIC  

By: Martin Creamer     14th October 2021 Right now, the market is recognising the higher likelihood of platinum being in deficit rather than in surplus in the mid-term years ahead, said World Platinum Investment Council research director Trevor Raymond on Thursday. Raymond expects pent-up up consumer demand for vehicles to reduce any... 

Picture of Trevor Raymond supplied by WPIC
The market is recognising the higher likelihood of platinum being in deficit rather than in surplus in the mid-term years ahead, said World Platinum Investment Council research director Trevor Raymond on Thursday.

Tharisa achieves record quarterly output

By: Creamer Media Reporter      12th October 2021 Platinum group metals (PGMs) and chrome concentrate producer Tharisa reports that its Tharisa mine, in the North West, achieved its highest production ever during the quarter ended September 30. Platinum group metals output for the quarter increased to 43 700 oz of platinum, palladium, rhodium,... 

A photo of the Tharisa mine
The Tharisa mine

Mining boom papering over serious structural issues – Nedbank's Mpofu  

By: Martin Creamer     11th October 2021 South Africa’s current mining boom is papering over some very serious structural issues that underlie the mining industry as a whole. “Chief amongst those is the slowdown if not disappearance of investment in future capacity, a trend we’ve been seeing for the past ten years,” said Nedbank mining... 

Supplied picture of Nedbank mining lead Mpofu
Nedbank mining lead Vusi Mpofu interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Exploration key to keeping South Africa on right side of future – investors 

By: Martin Creamer     11th October 2021 Exploration is key to keeping South Africa on the right side of the future-facing metals scenario, the Joburg Indaba heard last week from potential investors. During a panel discussion on mining sector prospects covered by Mining Weekly, the heads of international investment companies commented... 

Creamer Media screenshot of panel discussion at Joburg Indaba in October 2021
Photo by Creamer Media
Form top left clockwise are Fiona Perrott-Humphrey, Olivia Markham, Brett Beatty, Bernard Swanepoel and Mick McMullen.

PlatAfrica partners with AFI to build platinum jewellery market

By: Simone Liedtke     7th October 2021 South Africa's premiere platinum jewellery design and manufacturing competition PlatAfrica is again partnering with African Fashion International (AFI), as part of its ongoing strategy to build the platinum jewellery market, to showcase this year’s finalists’ pieces as part of 2021 Joburg Fashion... 

South Africa’s exploration investment lowest since democracy began, Joburg Indaba hears  

By: Martin Creamer     7th October 2021 South Africa’s mining industry is at its lowest level of exploration investment since democracy began in 1994, the Joburg Indaba heard on Thursday. “Never have we spent less – and this is a pity because significant promises were made about an exploration plan for the country,” Joburg Indaba... 

Creamer Media screenshot from Joburg Indaba October 2021
Joburg Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

South Africa in danger of missing out on commodity boom, Joburg Indaba hears  

By: Martin Creamer     6th October 2021 A much more enabling environment is needed to ensure that South Africa does not miss out on yet another commodity boom, the Joburg Indaba heard on Wednesday. “We know that we’ve missed at least one commodity boom,” Foskor chairperson, Industrial Development Corporation director and founding... 

Creamer Media screenshot of PwC Africa CEO Dion Shango at Joburg Indaba 2021
Joburg Indaba opening session covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Innovative wireless sensor approach could make exploration cheaper – Prof  

By: Martin Creamer     5th October 2021 An innovative wireless sensor method of mapping the subsurface of the earth could make exploration cheaper and mining safer, says Professor Musa Manzi, the award-winning director of the Seismic Research Centre of the School of Geosciences at the University of the Witwatersrand. The method, which... 

Picture supplied
Wits Professor Musa Manzi interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Investment in mining crucial to ensure continued contribution to economy – PwC  

By: Martin Creamer     5th October 2021 Investment in the mining industry is crucial to ensure its continued contribution to the South African economy, says PwC in its thirteenth edition of SA Mine 2021, a series of publications that highlights trends in the South African mining industry. In a year of doom and gloom on so many fronts,... 

Creamer Media screenshots and design of elements presented at PwC SA Mine 2021
PwC presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Giant private mining companies getting away with no obligation to report anything publicly   

By: Martin Creamer     4th October 2021 A globally significant chrome producer operating six chrome mines and employing 7 000 people inside South Africa – with a social labour plan obligation on every mine, with tax and royalty obligations paid to the State – is permitted to operate in this country with no ongoing public disclosure... 

Creamer Media screenshot of Paul Miller taken during Zoom interview on 4 October 2021
AmaranthCX director Paul Miller interviewed on transparency by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Platinum offering good relative value as investment – Northam 

By: Martin Creamer     4th October 2021 Platinum is viewed as an investment case for the moment and is offering good relative value, says Northam Platinum CEO Paul Dunne. Palladium appears more vulnerable than platinum to vehicle production downside risks, says World Platinum Investment Council (WPIC) institutional distribution head... 

Screenshot of Paul Dunne taken during Northam presentation early 2021
Photo by Creamer Media
Northam Platinum CEO Paul Dunne

Northam board approves renewable energy projects plus hydrogen project 

By: Martin Creamer     1st October 2021 The board of platinum group metals (PGMs) mining company Northam Platinum has given its approval for the building of three renewable energy projects at three of the company’s mines plus a hydrogen project at one of them. Northam Platinum CFO Alet Coetzee said this week that board approval had... 

Creamer Media screenshot of Alet Coetzee, CFO of Northam Platinum, during presentation of annual results on 30 Sept 2021
Photo by Creamer Media
Northam Platinum CFO Alet Coetzee

Countercyclical Northam growth strategy creates 8 000 jobs, 2 000 this year  

By: Martin Creamer     30th September 2021 The record operational and financial performance of Northam Platinum in the 12 months to June 30 was accompanied by the creation of 2 335 new sustainable jobs, which takes the total generated by the platinum group metals (PGMs) mining company well-timed growth strategy from 2015 to 8 232. In... 

Creamer Media screenshot of Paul Dune taken during 2021 results presentation in September
Northam Platinum’s record financial results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Northam Platinum’s headline earnings soar 215%

By: Martin Creamer     30th September 2021 The normalised headline earnings of platinum group metals (PGMs) mining company Northam Platinum soared by more than 215% to R10.9-billion in what was a record operational and financial performance in the 12 months to June 30. The JSE-listed company stated on Thursday that its earnings before... 

Creamer Media picture of Northam CEO Paul Dunne.
Photo by Creamer Media
Northam Platinum CEO Paul Dunne

Sibanye-Stillwater moving to radical transparency on public tailings disclosure 

By: Martin Creamer     29th September 2021 Gold, platinum and green metals company Sibanye-Stillwater is moving towards the embrace of radical transparency when it comes to public disclosure on matters relating to tailings facilities against the backdrop of 230 significant tailings failures having taken place globally. Sibanye-Stillwater... 

Creamer Media screenshot
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Digitisation slashes Sibanye-Stillwater’s loco incidents 

By: Martin Creamer     29th September 2021 Digitisation has slashed by nearly 70% underground locomotive incidents at Sibanye-Stillwater’s South African gold and platinum group metal (PGM) mines. The digital locomotive systems improve safety and productivity by managing interactions and logistics. 

Creamer Media screenshot of Sibanye-Stillwater DigiMine presentation at Wits University.
A total of 1 152 locomotives move 36-million tons of ore and interface with 58 500 employees in a confined area.

Green Sedibelo will use 82% less electricity to take PGMs all the way to end consumer  

By: Martin Creamer     28th September 2021 Platinum group metals (PGMs) producer Sedibelo Platinum Mines is well on its way to becoming the lowest of low-energy PGM energy users and the highest of high on-site beneficiators of metals that are key in the global fight against climate change. Sedibelo’s technology sensation is the remarkable... 

Creamer Media screenshot of Arne Frandsen of Pallinghurst
Pallinghurst managing partner and cofounder Arne Frandsen speaks to Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Wesizwe expects up to 134% y/y increase in interim headline earnings

By: Creamer Media Reporter      28th September 2021 Platinum group metals exploration and mining company Wesizwe Platinum expects to report headline earnings a share of between 8.83c and 21.21c for the six months ended June 30. That represents an increase of between 114% and 134% on the headline loss a share of 61.90c reported for the first half... 

Green 175 MW power for Sibanye-Stillwater platinum group metal mines  

By: Martin Creamer     27th September 2021 A total of 174 MW of clean, green renewable power is on the way for Sibanye-Stillwater’s platinum group metal (PGM) mines in South Africa. The total cost of the three project scheme will be in the order of R2.5-billion to R2.8-billion. 

Creamer Media Screenshot of Jevon Martin
A total of 174 MW of clean, green renewable power is on the way for Sibanye-Stillwater’s platinum group metal (PGM) mines in South Africa.

Long-term supply contracts shielding Sibanye-Stillwater from PGMs price swing 

By: Martin Creamer     23rd September 2021 Platinum group metals (PGMs) mining and marketing company Sibanye-Stillwater has emphasised its strong long-term supply contract positions in the face of the current spot price pendulum swinging away from the sky-high price levels of earlier this year. Most of the sales of the Johannesburg- and... 

Creamer Media screeenshot
Sibanye-Stillwater PGM Investor Day covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Chip uncertainty causing PGMs price uncertainty – chief investment officer  

By: Martin Creamer     22nd September 2021 The general feeling is that chip capacity will slowly start coming back in the next few months, but only to return the auto industry back to where it was pre-Covid, and not to the post-Covid surge, which resulted in platinum group metals (PGMs) prices going through the roof. If the global auto... 

Creamer Media picture of Bruce Williamson
Integral Asset Management Chief Investment Officer Bruce Williamson interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Save SA Smelters responds to ChromeSA’s ‘high-risk’ analysis 

By: Martin Creamer     17th September 2021 The Save SA Smelters movement, which has thrown its full weight behind the decision of the Cabinet to impose an export tax on raw chrome leaving the country, on Friday responded to the analysis of ChromeSA that the imposition of such a tax would be high risk. ChromeSA was formed late last year... 

Picture of protestors holding Save SA Smelters placards
Placard-bearing Save SA Smelters members.
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