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Topic

Top platinum mines keep digging even as price at decade low 

By: Bloomberg     14th September 2018 Platinum prices are languishing near the lowest in a decade, but the biggest miners are barely cutting production. Although about half of South African output is estimated to be unprofitable, few companies are reducing production by a meaningful amount, with top supplier Anglo American Platinum... 

Two new nonexecs join AngloGold board

By: Anine Kilian     22nd August 2018 Alan Ferguson and Jochen Tilk have been appointed independent nonexecutive directors at Anglogold Ashanti, effective October 1 and January 1, 2019, respectively. Ferguson is a chartered accounted and a former CFO of a number of FTSE-listed entities, including Lonmin. Since 2011, he has also... 

Currency shocks knock platinum to ten-year lows

By: Reuters     17th August 2018 Platinum prices tumbled to ten-year lows as the collapse of Turkey's lira rippled through markets and weakened the currency of top producer South Africa, underlining persistent oversupply of the autocatalyst metal. Platinum has been caught in a broad sell-off as investors rush to the safety of... 

World's priciest precious metal set to blossom as shortage looms

By: Bloomberg     3rd August 2018 The world’s most expensive precious metal is set to get even pricier as a mining retreat in South Africa threatens a supply shortage. Rhodium – a byproduct of platinum mining that’s used in the chemical sector and by the auto industry in catalytic converters – has more than trebled in value since... 

Miners halt dividend payouts, stay-in-business capex as price languishes in the doldrums

By: Natasha Odendaal     25th May 2018 The once burgeoning platinum industry that in the recent past benefited from a years-long upswing in commodity demand and prices is now failing to recover from the global economic depression that heralded the end of its glory days and shut many smaller operators down. In the wake of the 2008... 

BMW close to ten-year supply deal for battery minerals – FAZ

By: Reuters     12th February 2018 BMW is close to signing a ten-year supply contract for lithium and cobalt, the company's procurement chief told Germany's Frankfurter Allgemeine Zeitung, amid an industry-wide scramble for raw materials needed for electric car batteries. "The aim is to secure the supply all the way down to the... 

Palladium risks tripping up as prices stampede higher

By: Reuters     17th January 2018 Palladium, the hottest property in the precious metals deck last year, is tipped for a record performance in 2018 even among bearish forecasters, but the metal could become a victim of its own success. The prospect of sharply higher prices could well prompt substitution of the metal for cheaper... 

Nemaska starts commissioning of roaster; achieves high-grade concentrate

By: Henry Lazenby     11th October 2017 TSX-listed project developer Nemaska Lithium has received its final 6.3% lithium oxide (Li2O) flotation concentrate from third party SGS Lakefield, allowing the Quebec City-based company to start commissioning its Stage 1 mineral extraction circuit at the 100%-owned Shawinigan demonstration... 

SA platinum miners enter recycling market despite ‘mixed’ expectations

By: David Oliveira     22nd September 2017 Despite the mixed performance and expectations of the recycling industry, local platinum producers Sibanye and Northam Platinum this year entered the platinum-group metals (PGMs) recycling market. Platinum recycling is projected to decline by 6% year-on-year to 1.76-million ounces this year,... 

New solution available in SA

By: Tasneem Bulbulia     30th June 2017 US-based safe water disinfection company MIOX, a Johnson Matthey company, designs and manufactures on-site chemical generators, which are an alternative solution to using hazardous chemicals, and its many benefits can be applied positively in South Africa, suggests MIOX senior applications... 

Johnson Matthey approves of Nemaska Lithium’s first shipment

By: Henry Lazenby     6th May 2017 Project developer Nemaska Lithium has received the first C$2-million tranche of a C$3-million milestone payment for delivering the first shipment of lithium hydroxide to offtake partner Johnson Matthey Battery Materials (JMBM), the company said Friday. Quebec City-based Nemaska now expects to... 

NCPC-SA to emphasise efficiency at Naacam show

By: Marleny Arnoldi     24th March 2017 The National Cleaner Production Centre of South Africa (NCPC-SA) will share its knowledge regarding resource efficiency and cleaner production methods to assist industry in lowering costs through reduced energy, water and material use during this year’s National Association of Automotive... 

Advancements at Nemaska’s Whabouchi mine on time and budget

By: Samantha Herbst     7th October 2016 The Phase 1 plant and site preparation of TSX-listed project developer Nemaska Lithium’s Whabouchi mine, in Quebec, Canada, is advancing on time and within budget. Nemaska, which has signed a five-year natural gas contract, noted on Thursday that electrical lines had been installed at the Phase 1... 

Nemaska to graduate to TSX main board, achieves financing milestones

By: Henry Lazenby     15th June 2016 Quebec-based project developer Nemaska Lithium on Wednesday announced that the TSX has conditionally approved the listing of its common shares. Listing of the shares was subject to the currently TSX-V-listed company’s compliance with all of the requirements of TSX on or before September 8, and... 

Case studies prove success of energy efficiency project

By: Dylan Stewart     11th December 2015 Having been implemented in South Africa in 2010, the Industrial Energy Efficiency (IEE) project, facilitated by the National Cleaner Production Centre South Africa, the Council for Scientific and Industrial Research, the Department of Trade and Industry and the Department of Energy, can now... 

VW debacle puts favourable spotlight on zero-emission platinum fuel cell 

By: Martin Creamer     25th September 2015 The attack on diesel vehicles and the Volkswagen emissions debacle are putting a favourable new spotlight on the zero-emission value of fuel cell electric vehicles that use considerable volumes of platinum. This year has seen several global car manufacturers steadfastly advancing the... 

1 000 platinum-powered Hyundais in UK this year – Amplats 

By: Martin Creamer     25th May 2015 Fuel cell electric vehicles will allow platinum mining to build its future in a truly sustainable way on the back of zero exhaust emissions and the use of the world’s endless supply of hydrogen as a fuel source, Anglo American Platinum (Amplats) CEO Chris Griffith has told Platinum Week 2015 in... 

Chris Griffith calls on the platinum industry to collaborate to capture the opportunity of fuel cell technology

25th May 2015 In a speech delivered at Platinum Week in London early this week, Chris Griffith, CEO of Anglo American Platinum, highlighted the need for ongoing collaboration across the industry, with customers and non-traditional partners to develop uses for Platinum Group Metals. Griffith highlighted the... 

Creamer Media publishes Platinum 2014: A review of SA's platinum industry research report

23rd June 2014 Creamer Media’s Platinum 2014 report reviews South Africa’s platinum-sector business environment, with particular focus on labour. It also focuses on the main participants, their operations, projects and exploration activities, as well as other platinum miners and explorers in this sector. 

Rand Refinery to run Amplats platinum manufacturing scheme

By: Martin Creamer     24th February 2014 Platinum mining major Anglo American Platinum (Amplats) has appointed Rand Refinery to administer its platinum metal financing scheme that provides access to affordable metal financing for local manufacturers. Rand Refinery, based in Germiston, takes over the administration of Amplats’ platinum... 

SA platinum market to remain uncertain during 2014

By: Leandi Kolver     7th January 2014 The South African platinum market is expected to remain unpredictable during 2014, but might not be as volatile as it was in 2013, Deloitte associate director Dr Jacek Guzek said on Tuesday. He stated that the major issues, which kept the industry in crisis over the past two years, such as the... 

Resources Watch 

By: Creamer Media Reporter      21st November 2013 This week: Johnson Matthey says security of supply is concerning for platinum end-users. The new 2014 emission legislation is set to boost platinum demand. And, the Chinese will invest R600-million to resuscitate the liquidated Orkney gold mine. 

Anglo American Platinum leading own platinum market development

By: Martin Creamer     14th November 2013 Platinum mining company Anglo American Platinum (Amplats), which will not be renewing its long-standing market development contract with Johnson Matthey at year-end, is replacing general market development funding with project-focused specific funding. Existing contracts attracting discounts and... 

New 2014 emission legislation set to boost platinum demand  

By: Martin Creamer     12th November 2013 New upcoming vehicle emission standards in Europe and China are poised to boost demand for platinum, Johnson Matthey GM marketing Jeremy Coombes said on Tuesday. In Europe, Euro Six emission standards will be introduced for heavy-duty vehicles and then passenger cars in 2014, when tighter... 

South African platinum fund tempts mine investors

By: Reuters     25th July 2013 South Africa's platinum sector, already under pressure from rising costs, labour unrest and falling metal prices, is now facing a rival for investment flows – a major new physical platinum fund with unprecedented levels of demand. The New Gold Platinum exchange-traded fund (NewPlat) has pulled... 

Platinum market records 375 000 oz deficit in 2012

By: Idéle Esterhuizen     13th May 2013 The global platinum market experienced a deficit of 375 000 oz in 2012, owing to a steep decline in output from South Africa, platinum group metals authority Johnson Matthey’s ‘Platinum 2013’ report has revealed. Published on Monday, the report found that primary platinum supply fell by 13% to... 

Distressed PGMs sector’s ‘crisis’ can be resolved – analyst 

By: Nomvelo Buthelezi     8th February 2013 The South African platinum mining industry – which hosts about 80% of the world’s resources – is in some distress, with the challenges it is experiencing including sluggish demand and significant amounts of the precious metal being brought back onto the market through recycling, increasing... 

Aquarius Platinum mine production up 2%

By: Martin Creamer     29th January 2013 Attributable production from the operating mines of JSE-listed Aquarius Platinum increased by 2% quarter-on-quarter to 78 987oz in the three months to December 31, when the transition to owner operator was completed below budget under new CEO Jean Nel. Liberum Capital analyst Ben Davis described... 

Resources Watch 

By: Creamer Media Reporter      17th January 2013 Welcome to Creamer Media’s Resources Watch, a weekly video round-up of the events and people making and shaping the news in the mining industry. This week: Harmony keeps the Kusasalethu mine shut, but hopes to resume production by July. Amplats strike impacts on 2013 supply. And, the distressed... 

Patagonia Gold pours first doré at Argentina facility

By: Henry Lazenby     27th November 2012 TSX- and Aim-listed Patagonia Gold has migrated to the rank of a junior producer as it starts gold production at its Lomada de Leiva project, in the province of Santa Cruz, Argentina. The company said on Monday it had poured the first 23.02 kg doré bar after commissioning the gold room... 

Resources Watch 

By: Creamer Media Reporter      22nd November 2012 This week: Webber Wentzel’s Peter Leon proposes employee codetermination at board level. South Africa’s platinum supply will likely hit an 11-year low in 2012. And, the mining strikes fallout is likely to haunt South African manufacturers into 2013. 

Platinum 2012: A review of South Africa's platinum sector

By: Creamer Media Reporter      25th July 2012 This report includes details of South Africa's platinum business environment, main participants in the sector, as well as other platinum miners and explorers. 

Rambler switches to copper production, sells first lot

By: Henry Lazenby     17th July 2012 Copper junior Rambler Metals on Monday said it had successfully made the transition from producing an initial run of gold, to producing copper in concentrate, and had sold the first lot of 600 t from its Ming mine. Rambler produced 14 500 oz of gold in the first five months of operations at its... 

Weak platinum price outlook pushes Marikana into care and maintenance

By: Natasha Odendaal     11th June 2012 Johannesburg- and London-listed Aquarius Platinum on Monday suspended operations at its 50:50 joint venture (JV) Marikana platinum mine, near Rustenburg, in the North West province, as the continuing low platinum-group metals (PGMs) price basket weighed on the industry. Aquarius and JV partner... 

Johnson Matthey sees platinum at $1 600/oz, oversupply forecast

By: Natasha Odendaal     14th May 2012 The platinum market’s forecast surplus in 2012 was likely to result in the prices remaining steady between $1 450/oz and $1 750/oz – averaging at $1 600/oz – during the next six months, said platinum researcher Johnson Matthey on Monday. In its latest ‘Platinum 2012’ report, Johnson Matthey... 

Amplats testing fuel cell-powered loco at Rustenburg mine 

By: Natasha Odendaal     9th May 2012 Anglo American Platinum (Amplats) on Wednesday launched the first of five fuel cell-powered locomotive prototypes to be tested at its mining operations in South Africa. The first locomotive would be surface tested over the next few months at the company's Khomanani mine, in Rustenburg, to... 

Tokyo conference to showcase gold’s industrial advances – Mintek

By: Martin Creamer     26th April 2012 Gold continues to search for its industrial potential, particularly at the nanoscale. Minuscule, nanosized gold particles – measuring three- to four-millionths of a millimetre – are selectively reactive at the nanoscale, while remaining stable and oxidation immune, a property shared with... 

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