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Palladium One obtains another project in Finland

By: Creamer Media Reporter      3rd April 2020 Vancouver-headquartered Palladium One Mining has received approval from the Finnish Mining Authority for a 20 000-ha reservation, Kostonjarvi (KS), which is adjacent to its flagship Läntinen Koillismaa (LK) project in central Finland. The KS reservation covers a large buried gravity and magnetic... 

Safer tailings storage facilities can be achieved − SRK

By: Simone Liedtke     30th March 2020 Safer tailings storage facilities (TSFs) – or tailings dams – can be achieved when mine owners, contractors and engineering consultants work closely together, says SRK Consulting senior geotechnical engineer Linda Spies. Speaking after a recent Southern African Institute of Mining and Metallurgy... 

ARM, Motsepe family play key roles in R1bn coronavirus pledge

By: Martin Creamer     28th March 2020 South Africa’s diversified black-controlled mining and minerals company African Rainbow Minerals (ARM) and the Motsepe family on Saturday formed the key part of the partnership of companies and organisations that have pledged R1 billion to assist with the current coronavirus (Covid-19) pandemic... 

Mitsubishi unpacks movement of PGM markets amid lockdowns

By: Marleny Arnoldi     27th March 2020 Mitsubishi Corporation International (MCI) says in its latest precious metals update that it expects South Africa’s platinum supply to reduce by around 7%, or by between 200 000 oz and 300 000 oz, in light of closed operations during South Africa’s 21-day national lockdown. The announcement by... 

Tharisa places smelter on care and maintenance, declares force majeure on chrome sales agreements

By: Donna Slater     27th March 2020 Platinum group metals (PGMs) and chrome concentrate miner Tharisa has shut its PGMs smelter, thereby placing it on care and maintenance, as well as declared force majeure on its contracted chrome concentrate sales agreements. The miner has also received force majeure notifications from its PGM... 

Industry experts come together on tailings dams

27th March 2020 Safer tailings storage facilities (TSFs) – or tailings dams – can be achieved when mine owners, contractors and engineering consultants work closely together, according to SRK Consulting senior geotechnical engineer Linda Spies. Speaking after a recent Southern African Institute of Mining and... 

Zimbabwe cuts rates, miners send coronavirus distress signals

By: Reuters     27th March 2020 Zimbabwe's central bank cut its main lending rate to 25% on Thursday and set a fixed exchange rate as part of measures to support the economy against the coronavirus pandemic. The Chamber of Mines, which represents major mining companies in the country, said mineral production could fall 60% in... 

As coronavirus rages, Rusal puts brakes on Nornickel's palladium JV

By: Reuters     20th March 2020 Russia's Norilsk Nickel said on Friday that Russian Platinum, its partner in an Arctic palladium project, had withdrawn from talks on creating the joint venture due to a lack of approval from Rusal, one of Nornickel's shareholders. Nornickel is the world's largest producer of palladium, which... 

World’s biggest precious metal industry readies for coronavirus 

By: Bloomberg     17th March 2020 Platinum and gold mines in South Africa, which together make up the world’s biggest precious metals industry, are gearing up to try and minimise a local outbreak of the coronavirus that could disrupt operations where hundreds of thousands of people work in close proximity. Companies including... 

As stocks gyrate, investors scoop up tons and tons of gold

By: Bloomberg     11th March 2020 Stocks sink and investors snap up tons of gold; stocks surge and investors keep on snapping up tons of gold. The haven has benefited from sustained inflows in recent days as the markets’ virus-driven gyrations and expectations for interest rate cuts spur large, consistent demand. Net inflows... 

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