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Middle East, Africa mining deal activity increases in second quarter

By: Tasneem Bulbulia     7th August 2020 Overall deal activity in the Middle East and African metals and mining industry increased by 16.7% in the second quarter, data and analytics company GlobalData’s deals database shows. Twenty-eight deals worth $1.44-billion were announced for the region during the quarter, against the last... 

Eastplats lifts second-quarter revenue

By: Tasneem Bulbulia     7th August 2020 JSE-listed Eastern Platinum’s (Eastplats') revenue for the six months ended June 30 increased by 49% year-on-year to $23.5-million. Its operating loss, however, remained flat at $2.2-million, despite the production lost owing to measures implemented to halt the spread of Covid-19. 

On-The-Air (07/08/2020) 

By: Martin Creamer     7th August 2020 South Africa’s roads agency is gearing up to spend R30-billion on road development; Gold and platinum companies are flying sky high with free cash gushing into their coffers; and at half the price of gold, platinum is continuing to attract strong investor interest. 

Crop nutrients have double potential of coal being exited – Anglo 

By: Martin Creamer     3rd August 2020 Covid-19 notwithstanding, diversified mining company Anglo American will this year be spending the $300-million that it forecast on the Woodsmith polyhalite project in the UK, which gives it entry into the crop nutrients business at a time when fertilising is being hailed a godsend to ease global... 

Post-Covid challenges for automotive sector to put strain on platinum demand – WPIC 

By: Simone Liedtke     31st July 2020 Demand from the automotive sector is the largest demand segment for platinum, accounting for around 40% of yearly platinum demand. The industry mainly uses platinum in autocatalysts or catalytic converters in internal combustion engine vehicles.  

PGMs to play a greater role in lithium-ion battery development, says PTM

By: Simone Liedtke     17th July 2020 Platinum group metals company Platinum Group Metals (PTM) believes platinum-group metals (PGMs) will start to play a greater role in the development of more efficient lithium-ion batteries. PTM recently partnered with Anglo American Platinum (Amplats) to launch a new venture, Lion Battery... 

Minerals Council reiterates commitment to zero harm goal 

By: Simone Liedtke     17th July 2020 The Minerals Council South Africa has recommitted to supporting the mining industry’s shared imperative of zero harm, under the council’s Khumbul’ekhaya strategy. During a virtual launch of the third iteration of the national day of health and safety, Minerals Council CEO Roger Baxter lamented... 

Platinum jewellery becoming more attractive as Covid-19 lockdowns ease

By: Donna Slater     14th July 2020 As manufacturers report greater demand volumes and retailers having confirmed a steady increase in business in April and May, platinum marketing organisation the Platinum Guild International (PGI) reports that the Chinese jewellery industry is in the beginning stages of a V-shaped recovery... 

Platinum gets new lease in WA

By: Esmarie Iannucci     13th July 2020 Research done at Curtin University has developed a new method to extract platinum metal from ore, delivering an economically viable processing method for the Panton Sill platinum group metal (PGM) deposit, in Western Australia. The state government through the Minerals Research Institute of... 

Zimbabwe gold mines lure offshore investor despite economic ruin

By: Bloomberg     10th July 2020 Zimbabwe’s biggest gold mines are being snapped up by Mauritius-based Sotic International as the price of bullion soars to the highest in more than eight years. Landela Mining Ventures, which is controlled by Sotic, bought two of Zimbabwe’s gold mines this year. The newcomer is targeting six more... 

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