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Implats expects to narrow H1 losses

By: Creamer Media Reporter      19th February 2018 Impala Platinum (Implats) expects to narrow its headline loss a share for the six months ended December 31 to between 17c and 26c, compared with the headline loss a share of 71c reported for the six months to December 31, 2016. Its loss a share is also expected to improve to a loss of between 19c... 

Sibanye-Stillwater’s gold, platinum reserves decrease

By: Dylan Slater     19th February 2018 Precious metals producer Sibanye-Stillwater on Monday reported that its South African gold reserves had decreased by 10% year-on-year to 25.74-million ounces as at December 31, while its total platinum, palladium, rhodium and gold, or 4E, platinum group metal mineral reserves had declined by 4%... 

Mogalakwena gushes cash as Amplats modernises, studies growth, advances fuel cell 

By: Martin Creamer     19th February 2018 The Mogalakwena platinum mine lived up to its reputation of being the most profitable platinum group metals (PGM) mine on the planet when it gushed cash and elevated a modernising, community supporting, environment protecting, growth studying and fuel-cell marketing Anglo American Platinum... 

Mines pledge to assist RAL with provincial road infrastructure delivery projects

By: Simone Liedtke     19th February 2018 Provincial road infrastructure delivery agency Roads Agency Limpopo (RAL) has identified four opportunities for potential future strategic partnerships, which are valued at an estimated R1.12-billion, based on a preliminary technical assessment. This follows the RAL's stakeholder engagement and... 

Bauba launches Moeijelijk underground chrome development

By: Anine Kilian     19th February 2018 JSE-listed Bauba Platinum officially launched the underground development phase of its Moeijelijk chrome mine, in Limpopo, on Friday. Speaking to Mining Weekly Online, CEO Nick van der Hoven said the mine, which is set to create about 400 direct and indirect jobs by December, has already started... 

Amplats restores dividend, productivity soars, six die

By: Martin Creamer     19th February 2018 Six employees died in a year in which Anglo American Platinum (Amplats) chalked up R2.4-billion in free cash flow generated from its operations, doubled return on capital employed to 18% and reintroduced a cash dividend for the first time in seven years. Productivity has soared by 58% since 2012... 

Nornickel tycoons said to avoid shoot-out sale in share dispute

By: Bloomberg     19th February 2018 Billionaires Oleg Deripaska and Vladimir Potanin’s working arrangement at MMC Norilsk Nickel is starting to fray, but the tycoons aren’t planning to trigger a so-called shoot out - a forced auction where the losing bidder must sell his stake to the winner, three people familiar with situation... 

Gold, platinum miners bolster business, operational plans 

     16th February 2018 It’s been an exciting week for some gold and platinum miners, with plans to improve business and operations. Mining Weekly editor Martin Creamer unpacks the headlines. 

On-The-Air (16/02/2018) 

By: Martin Creamer     16th February 2018 Gold Fields is spending R200-million a year on training at its big mechanised gold mine in Gauteng. Northam yesterday switched on R900-million worth of extra platinum power on in Limpopo. The strong rand is hitting underground gold mining very hard.  

Pretorius sees WRTRP transaction as an investment

By: Megan van Wyngaardt     15th February 2018 Johannesburg-focused gold processor DRDGold is hoping that the addition of the West Rand tailings retreatment project (WRTRP), currently the subject of a R13-billion deal with Neal Froneman-led Sibanye-Stillwater, will attract longer-term investors, which might still be deterred by "extreme... 

Resources Watch  

     15th February 2018 Local PGMs industry at risk, but service provider optimistic And, SA’s oldest gold mine shifts to refrigerated cooling as it reaches greater depths 

Northam opens R900m platinum smelter expansion

By: Martin Creamer     15th February 2018 Platinum mining company Northam on Thursday officially opened a R900-million smelter expansion at its Zondereinde platinum mine in Limpopo province. The addition of a second furnace extends the JSE-listed company’s 30-year-old partnership with metals company Heraeus, which contributed €20-million... 

Stage one of PTM's Maseve sale to RBPlat nearing conclusion

By: Simone Liedtke     14th February 2018 All remaining conditions precedent for Platinum Group Metals' (PTM's) sale of the Maseve concentrator plant and certain surface rights to Royal Bafokeng Platinum (RBPlat) have been fulfilled or waived. Stage one of the sale of Maseve Investments 11 to RBPlat will now proceed, with a $58-million... 

Platinum market set for another surplus in 2018 – Johnson Matthey

By: Reuters     14th February 2018 The platinum market is set for another surplus this year after recording oversupply of 110 000 oz in 2017, Johnson Matthey said in a report on Wednesday, although its sister metal palladium is tipped to see another deficit. Platinum demand fell nearly 7% last year, with sharp falls seen in... 

Mugabe's fall has veteran miners jockeying for Zimbabwe comeback

By: Bloomberg     13th February 2018 Robert Mugabe’s fall as Zimbabwe president is setting the scene for the return of a London mining listing for Andrew Groves and his long-term business partner – and former England cricketer – Phil Edmonds. Groves is preparing to relist the pair’s Zimbabwe coal, chrome and gold assets in London... 

Cobalt cannot be eradicated from electric car batteries – Umicore

By: Reuters     13th February 2018 Makers of electric vehicle batteries will have to keep using scarce, expensive cobalt in their products for the foreseeable future despite a push towards higher nickel compositions, materials technology company Umicore said on Monday. Manufacturers have been trying to increase the proportion of... 

Russia says discussing road map for usage of PGMs with South Africa

By: Reuters     12th February 2018 Russia and South Africa are discussing a road map for the usage of platinum group metals (PGMs), Russian Natural Resources Minister Sergei Donskoi said in a statement on Friday. Donskoi discussed the need for more active cooperation in the usage of PGMs with his South African counterpart in... 

Northam expects to widen H1 losses

By: Creamer Media Reporter      9th February 2018 Northam Platinum expects to have widened its interim loss a share and headline loss a share by 20% to 40%. The platinum miner on Friday said it was likely to post a loss a share of 77.7c to 90.7c for the six months ended December 31, compared with the loss a share of 64.8c reported for the six... 

On-The-Air (09/02/2018) 

By: Martin Creamer     9th February 2018 Every Friday morning, SAfm's AMLive's radio anchor Sakina Kamwendo speaks to Martin Creamer, publishing editor of Engineering News and Mining Weekly.  Reported here is this Friday's At the Coalface transcript: Kamwendo: China's colossal Clean Air Revolution is poised to give massive support to... 

Ivanhoe Mines appoints new executive vice chair

By: Henry Lazenby     8th February 2018 Africa-focused explorer and project developer Ivanhoe Mines has appointed veteran mining analyst Egizio Bianchini as its new vice chairperson, effective March 12. Bianchini was most recently employed as the vice chairperson and co-head of BMO Capital Markets' Global Metals & Mining Group for 29... 

Mining production output weakened in December – Nedbank

By: Anine Kilian     8th February 2018 Growth in mining production slowed 0.1% year-on-year in December from 6.5% in November, according to a recent report released by Nedbank. The easing was mainly owing to declines in the production of gold, copper, platinum group metals (PGMs) and coal. 

Political shifts lift investor mood in Southern African mining

By: Reuters     8th February 2018 Mining is a long-term game, but in Southern Africa dramatic political changes have transformed the investment mood for the better in the space of a year. Angola's Jose Eduardo dos Santos and Zimbabwe's Robert Mugabe stepped down in 2017 after a combined 75 years in office, while the election of... 

Zimbabwe to consider waivers on platinum, diamonds ownership law

By: Bloomberg     8th February 2018 Zimbabwe will consider applications from companies mining platinum or diamonds to be exempted from a requirement that they be at least 51% owned by black citizens of the country. The government wants companies to show they have a plan to achieve compliance before it will consider granting... 

Big Mining Indaba thinking for 2019’s quarter-century milestone

By: Martin Creamer     8th February 2018 This year’s Investing in African Mining Indaba has just ended here and the organisers are already putting their thinking caps on to make next year’s twenty-fifth anniversary of the event a grand affair. The names Cyril Ramaphosa, Elon Musk and the top who’s who of global and African mining are... 

Orion to target BFS completion for Prieska project by October

By: Mia Breytenbach     8th February 2018 Following the release of the maiden mineral resource for Orion Minerals’ Prieska zinc/copper project, in the Northern Cape, the company will target the completion of a bankable feasibility study (BFS) on the project by October. Speaking to Mining Weekly Online on the sidelines of the Investing in... 

Chamber-mentored black emerging miner hits high spots in contest

By: Martin Creamer     7th February 2018 Chamber of Mines-mentored black emerging mining company Opal Mining on Wednesday hit the high spots on the investment battlefield stage at the Investing in African Mining Indaba. Opal, headed by group executive chairperson Paul Ranamane succeeded in reaching the semi-finals of a tough... 

New dawn for platinum mining – Robert Friedland

By: Martin Creamer     7th February 2018 New cars being produced in Japan have platinum- and copper-intensive fuel cell drives that outdo battery-powered electric vehicles (EVs) in cold climates as the EV batteries drain when the heaters are switched on, Ivanhoe Mines executive chairperson and founder Robert Friedland said on Wednesday.... 

New Nornickel JV targets up to 100 t/y of PGMs

By: Mariaan Webb     7th February 2018 Palladium and nickel miner Norilsk Nickel (Nornickel) has entered into a strategic partnership agreement with Russian Platinum, in terms of which the companies will establish a joint venture (JV) to develop disseminated ore deposits in the Norilsk industrial district. The 50:50 JV aims to be one... 

Zimbabwe touts lithium, gold, diamonds potential at mining conference

By: African News Agency      7th February 2018 Zimbabwe's mineral resources have a huge potential to drive the economy in the future, with lithium, gold and diamonds seen leading the way, its mines minister Winston Chitando said. In a presentation to an annual conference on investing in African mining, running from February 5 to 8 in Cape... 

Increasing demand is platinum solution – Amplats

By: Martin Creamer     6th February 2018 Platinum group metals (PGMs) react positively to the amount of money spent on marketing, in a similar way to diamonds, Anglo American Platinum CEO Chris Griffith said on Tuesday. Speaking during a panel discussion on day two of the Mining Indaba, Griffith said PGMs were unlike copper, coal or... 

2018 presents best prospects in a decade for African mining – Standard Bank

By: Anine Kilian     6th February 2018 Sustained commodity price growth and reduced costs are likely to present Africa’s mining sector with the best prospects in over a decade. “The centrality of mining to the development of the continent means that 2018 is likely to be a watershed year in Africa’s ongoing growth story,” Standard Bank... 

Stronger rand, PGM sales lift Amplats' FY17 earnings

By: Megan van Wyngaardt     6th February 2018 Anglo American Platinum (Amplats) expects headline earnings and headline earnings per share (HEPS) for the year ended December 31, 2017, to be at least R373-million or 143c apiece, higher than for the 2016 financial year. Basic earnings and basic earnings a share (EPS) were also expected to be at... 

DRDGold provides profit guidance for WRTRP

By: Megan van Wyngaardt     6th February 2018 Dual-listed DRDGold on Tuesday said it expects the West Rand tailings retreatment project (WRTRP) to generate a profit of R229.4-million for the 12 months ending December 31, 2019. The company is in the process of acquiring the project from fellow gold and platinum miner Sibanye-Stillwater. 

Bluejay Mining seeks pigment riches as Greenland's ice retreats

By: Reuters     6th February 2018 Bluejay Mining aims to achieve commercial output of the world's highest grade deposit of ilmenite, used in paint and toothpaste, in Greenland next year, now climate change has provided access to minerals once buried under snow and ice, its CEO said. The company last week said it had raised... 

Unmined gold offers exciting new opportunity – Froneman

By: Martin Creamer     6th February 2018 With more gold in the ground than has been mined in the last 100 years, the South African gold mining industry has a great opportunity to modernise, introduce a social and economic compact, loudly condemn the errant behaviour of the past and eliminate the trust deficit, Chamber of  Mines VP and... 

Palladium rally may mean auto catalytic converter price hikes coming

By: Reuters     5th February 2018 With the price of palladium spiking to a record high last month, the effects could be felt in the automotive industry as manufacturers of catalytic converters consider raising their prices and may change the mix of metals in their products. Increased automotive industry demand and a supply... 

Mbazima urges immediate dialogue on rail, port expansion

By: Martin Creamer     5th February 2018 South Africa’s ability to revitalise crucial infrastructure, especially rail and port networks, is among the key actions needed to bring investment back into the South African mining industry, Anglo American South Africa deputy chairperson Norman Mbazima said on Monday. Speaking on first day of... 

Sibanye-Stillwater achieves positive FY17 operating results

By: Simone Liedtke     5th February 2018 Precious metals producer Sibanye-Stillwater produced 1.4-million ounces of gold in the year ended December 31, exceeding guidance of 1.35-million to 1.38-million ounces. In a trading update published on Monday, the company reported that gold production for the second half of the year was 4%... 

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