R/€ = 19.00 Change: 0.01
R/$ = 16.87 Change: 0.07
Au 1707.79 $/oz Change: -12.53
Pt 828.62 $/oz Change: -2.86


PTM to raise $2m for Waterberg project

By: Marleny Arnoldi     3rd June 2020 TSX- and NYSE-listed Platinum Group Metals (PTM) plans to undertake a private placement to raise $2-million, through the sale of about 1.4-million shares at $1.40 apiece. An existing major shareholder of the company, Hosken Consolidated Investments, is expected to participate in the private... 

Platinum coins, COP and the Marula mine make headlines  

22nd May 2020 Mining Weekly editor Martin Creamer unpacks the success of South African platinum coins, the gazetting of the guidelines for a mandatory Code of Practice in the mining industry during covid-19, and the Marula mine being temporarily suspended.   

Applied Mineral Technologies

22nd May 2020 Established in 2001, South African materials handling systems and processing plants construction company Applied Mineral Technologies (Amtec) has come a long way from being a consultancy to a fully fledged industrial construction company. Amtec specialises in civil, structural, mechanical, piping... 

NUM concerned about high numbers of Covid-19 in mines, at Eskom operations

By: Donna Slater     21st May 2020 The National Union of Mineworkers (NUM) is concerned about the rising number of Covid-19-positive cases in the mining industry, especially in Limpopo, and at State-owned power utility Eskom's operations. The union states that some mines in Limpopo have become hotspots, where the virus is... 

Implats suspends Marula after detecting 19 positive Covid cases

By: Martin Creamer     16th May 2020 Platinum group metals mining company Implats on Saturday confirmed that a cluster of positive Covid-19 cases had been detected in and around its Marula operation in Limpopo province following stringent and comprehensive screening, testing and tracing protocols. The JSE-listed company said it had... 

Loan note changes add R811m to Northam’s liquidity for this uncertain year

By: Marleny Arnoldi     11th May 2020 JSE-listed Northam Platinum has managed to extend the maturity dates of certain notes held in terms of the company’s R10-billion Domestic Medium Term Note (DMTN) Programme with an aggregate amount of around R1.8-billion. The agreement was reached with a number of the noteholders, the company... 

EPCM’s early delivery improves client cashflow

7th May 2020 Multidisciplinary process engineering company Metallurgical Engineering Technology & Construction (METC) understands that delivering working projects ahead of schedule, enables higher net present value and better internal rate of return. METC’s team members have designed andbuilt more than 75... 

Covid-19 to have outsized impact on mining – developer

1st May 2020 The World Health Organisation (WHO) has declared the Covid-19 outbreak a pandemic and, at the time of writing, there were more than 1.3-million confirmed cases worldwide. Mining companies have been affected by Covid-19 outbreaks, and global restrictions to encourage physical distancing have meant... 

Mining shifts focus to technology, automation

1st May 2020 Technology implemented alongside the correct logistics and strategy, makes a difference to age-old industries, automation company SICK Automation noted in a press release in February. As the mining industry is faced with numerous challenges relating to growth in a digitised economy, it is in... 

Weekly Coal Index Report

28th April 2020 Although the RB1 benchmark fell slightly on the week, the off-spec grades have seen some resilience. Yet again Rand weakness is helping miners to weather the storm, but this only really helps for higher grade material. There is almost nowhere other than Eskom for low-grade material to go,... 

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