R/€ = 15.94 Change: -0.37
R/$ = 13.76 Change: -0.33
Au 1275.19 $/oz Change: -5.11
Pt 868.50 $/oz Change: -16.98


Pallinghurst delivers satisfactory FY17 performance

By: Natasha Odendaal     17th April 2018 Dual-listed Pallinghurst Resources has concluded what it called a “transformational year”, after successfully transitioning into an evergreen operating mining company during the year ended December 31, 2017. The group, which is listed on the JSE and the Bermuda Stock Exchange, on Tuesday posted... 

Pallinghurst shifts focus to gemstones; Frandsen, Willis to manage Sedibelo interest

By: Marleny Arnoldi     20th March 2018 Its decreasing exposure to steelmaking materials, is prompting natural resources investment company Pallinghurst Resources to focus on coloured gemstones and the company plans to change its name to Gemfields Group, pending shareholder approval. 

Pallinghurst targets London, okays share buyback, halves executive pay

By: Martin Creamer     7th December 2017 Diversified mining and marketing company Pallinghurst, which has moved fast to stabilise the now-integrated coloured gemstone acquisition, is initiating a listing on the main board of the London Stock Exchange, going ahead immediately with a share buyback programme and benefitting from executive... 

Integration of Gemfields realising cost benefits – Pallinghurst

By: Martin Creamer     26th September 2017 The integration of Gemfields is beginning to realise cost benefits, Pallinghurst reported on Tuesday when it reiterated its transformation into a long-life operating mining company from being a former closed-end investment vehicle. In presenting half-year results of the company on Tuesday,... 

Sean Gilbertson takes over Gemfields' reins as new CEO

By: Martin Creamer     4th August 2017 Long-serving Gemfields executive board member Sean Gilbertson, who was recently appointed executive director of Pallinghurst, is the new CEO of Gemfields, the coloured gemstone mining and marketing company that has delisted from the London Aim and is now an unlisted subsidiary of Pallinghurst.... 

Pallinghurst setting out to revitalise Gemfields as 100% owner

By: Martin Creamer     19th July 2017 Owning 100% of Gemfields will allow diversified mining company Pallinghurst to revitalise the coloured gemstones mining and marketing entity and to unlock synergies, Pallinghurst CEO Arne Frandsen said on Wednesday, when the London Stock Exchange aspirant commenced its compulsory take up of the... 

Pallinghurst seeks London listing following Gemfields acquisition

By: David Oliveira     13th July 2017 Following Pallinghurst’s restructuring and successful acquisition of emerald miner Gemfields, the JSE-listed diversified miner will now commence with the preparatory work to potentially obtain a premium listing on the London Stock Exchange, with Gemfields delisting from London’s Aim stock... 

Gemfields applies for cancellation of Aim listing

By: Megan van Wyngaardt     30th June 2017 Gemfields has, at the request of Pallinghurst Resources, applied to the LSE for the cancellation of admission to trading its shares on Aim. Pallinghurst, led by CEO Arne Frandsen, on Tuesday said its offer to acquire the remaining interest in Gemfields had been accepted by shareholders holding... 

Pallinghurst secures 75% acceptances for Gemfields takeover

By: Megan van Wyngaardt     27th June 2017 JSE-listed Pallinghurst has now garnered acceptances for 75.18% of shares in takeover target, Aim-listed miner Gemfields. Pallinghurst CEO Arne Frandsen noted that the company was “delighted” to have received more than 75% support from Gemfields’ shareholders, including the majority of Gemfields’... 

Gemfields continues resistance as Pallinghurst shareholders vote in favour of buyout

By: Anine Kilian     26th June 2017 Pallinghurst Resources has received 96% shareholder support for the buyout of the remaining stake in Gemfields, making its offer for Gemfields wholly unconditional. Brian Gilbertson’s Pallinghurst on May 19 announced its intention to buy out Gemfields’ minority shareholders in exchange for... 

Pallinghurst scores as Jupiter dishes out $25m more

By: Martin Creamer     5th June 2017 Pallinghurst mining company Jupiter Mines on Monday announced that it would make a further $25-million distribution to its shareholders in September. The Johannesburg Stock Exchange-listed Pallinghurst, which is an 18.43% shareholder in Jupiter, expects to receive a further distribution of... 

Pallinghurst share price leaps on value unlock outline

By: Martin Creamer     19th May 2017 The share price of mining investment fund Pallinghurst leapt in Johannesburg after the company outlined its plans to swop its investment fund shawl for a diversified miner’s mantle, unlock value through full absorption of its coloured gemstone associate and target a possible listing of the... 

New cost-slashing platinum technology gaining impressive momentum

By: Martin Creamer     18th May 2017 The new cost-slashing, time-saving, capital-unlocking, mine-broadening and cobalt-saving platinum technology, driven by diversified mining company Pallinghurst and South Africa’s State-owned Industrial Development Corporation (IDC), is gaining impressive international momentum as an initiative... 

New cost-slashing platinum technology ready to roll – Pallinghurst

By: Martin Creamer     31st March 2017 JOHANNESBURG ( – Years of diligent research and development have paid off for Pallinghust group platinum mine Sedibelo, which is now ready to implement an amazing new technology that will send platinum processing costs tumbling down the cost curve, use a fifth of the electricity... 

Pallinghurst turns $45m profit, upbeat on 2017, mulling options

By: Martin Creamer     29th March 2017 Diversified mining company Pallinghurst, which made $45-million profit in 2016, is upbeat on 2017. The Johannesburg Stock Exchange-listed company spoke of all three of its business platforms being well positioned for further growth and value-unlock. 

Pallinghurst suffers H1 losses as market strains continue

By: Megan van Wyngaardt     21st September 2016 Diversified investment company Pallinghurst Resources on Wednesday reported another interim loss of $32-million for the six months ended June 30. This was, however, a significant improvement on the loss of $149-million incurred in the six months to June 30, 2015, owing to improved commodity... 

Pallinghurst reports significant losses in Q4 statement

By: Anine Kilian     30th March 2016 Partly offset by the weakening rand, JSE-listed Pallinghurst Resources saw a loss of $149-million  for the year ended December 31, 2015, compounded by a decrease in the share price compared and an 8% decrease in the company’s net asset value. Pallinghurst CEO Arne Frandsen said that the high... 

Pallinghurst ekes out $3m profit in tough six months

By: Martin Creamer     14th September 2015 Diversified mining company Pallinghurst on Monday reported a net half-year profit of $3-million in tough market conditions. Pallinghurst CE Arne Frandsen commented in a Johannesburg Stock Exchange News Service announcement that the profit highlighted the merit of holding three separate investment... 

Dale to retire as Sedibelo Platinum Mines CEO

By: Megan van Wyngaardt     30th April 2015 Platinum group metals (PGM) producer Sedibelo Platinum Mines on Thursday reported that its CEO Tom Dale would step down. CFO Erich Clarke was appointed interim CEO. 

Electricity supply problems, decentralised power trend opportunity for platinum

By: Martin Creamer     17th April 2015 South Africa’s electricity problems are offering platinum mining companies a major opportunity to stimulate the offtake of platinum. State power utility Eskom’s loadshedding programme and the global trend towards decentralised power generation are elevating power-generating fuel cell technology –... 

Power problems offering platinum huge demand opportunity  

By: Martin Creamer     2nd April 2015 The electricity crisis is offering South Africa’s demand-hungry platinum mining companies a major opportunity to stimulate the offtake of platinum. State power utility Eskom’s loadshedding programme is elevating power-generating fuel cell technology - with platinum at its heart - to a new... 

Electricity-slashing platinum game changer expected by December 

By: Martin Creamer     26th March 2015 The target date is the end of this year for the decision to go ahead with the commercial implementation of a paradigm shift technology that will mine and refine platinum in an integrated on-site process and use only a tenth of the electricity normally consumed. Major detail design work has... 

Pallinghurst shares rise on triple performance in troubled times 

By: Martin Creamer     23rd March 2015 The shares of diversified mining company Pallinghurst rose by more than 4% in Johannesburg on Monday after the company reported a rise on the performance of its platinum, manganese and coloured gemstones business units during troubled times. In the 12 months to December 31, the JSE-listed... 

Pallinghurst platinum mine invests in low-energy smelt alternative

By: Martin Creamer     22nd September 2014 The platinum platform of diversified JSE-listed Pallinghurst has invested in a low-energy hydrometallurgical alternative to high-energy smelting. The environment-friendly Kell process, which Pallinghurst has been studying over a prolonged period, requires only a fifth of the electricity required... 

Resources Watch  

By: Creamer Media Reporter      17th April 2014 This week: Pallinghurst brings in new technology to boost its platinum business. And, Gemfields is doing the ‘De Beers-equivalent’ in emeralds. 

Pallinghurst bringing in new tech to boost platinum business 

By: Martin Creamer     10th April 2014 In sharp contrast to South African mining’s deep dark and dangerous reputation, the JSE-listed Pallinghurst is rolling out a shallow, safe and sassy platinum alternative spiced with potentially game-changing technology. The platinum division of the company founded by mining doyen Brian... 

Pallinghurst widens H1 loss, platinum IPO planned for 2014

By: Natalie Greve     27th September 2013 JSE-listed Pallinghurst Resources has widened its net loss for the six months ended June 30 to $76.4-million, from a loss of $14.6-million in the comparable prior period, despite record production of 66 000 oz at its newly consolidated Sedibelo Platinum Mines. The resource investment group... 

Gemfields, Fabergé merger finalised

By: Natalie Greve     30th January 2013 London-listed Gemfields had completed its acquisition of Fabergé from JSE-listed Pallinghurst Resources.Pallinghurst had received 214-million new shares in Gemfields in exchange, giving it a 48% stake in the emerald producer. 

Tshipi mines its first manganese ore

By: Megan van Wyngaardt     15th October 2012 Tshipi é Ntle Manganese, led by prominent South African business personality Saki Macozoma, has mined its first manganese ore at its new Northern Cape mine last week. The production of manganese ore on October 10 was several weeks earlier than planned. 

06/04/2012 (On-The-Air) 

By: Martin Creamer     6th April 2012 South Africa’s State-owned Industrial Development Corporation is investing billions of rands in the platinum industry; The Department of Trade and Industry is going all out to boost South Africa’s struggling manufacturing sector. Here is another one, and Indian and South African companies have... 

Pallinghurst looking at new opportunities as portfolio matures

By: Henry Lazenby     30th March 2012 JSE-listed Pallinghurst Resources CE Arne Frandsen on Friday said the company intended to pursue a number of new investment opportunities, both within its current portfolio and in developing investment platforms, as its original portfolio matured. For this reason, the Pallinghurst board approved... 

IDC invests big in Gilbertson/Frandsen new-look platinum integration  

By: Martin Creamer     29th March 2012 South Africa’s State-owned Industrial Development Corporation (IDC) has made its biggest single investment in five years - R3.24-billion - in Platmin’s comeback as an integrated miner and beneficiater. The delisted Platmin, now enhanced and temporarily named Newco, has a ten-times higher... 


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