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Electric buses expected to spur platinum demand – Implats 

By: Martin Creamer     19th September 2017 Electric buses powered by platinum-catalysed fuel cells are attracting the attention of South Africans, who will visit Germany next month to update themselves on passenger carriers that emit zero pollution into the atmosphere. “There’s a lot of interest in fuel cell buses simply because the... 

Northam initiates R100m tailings retreatment project 

By: Martin Creamer     28th August 2017 A new R100-million tailings retreatment project has been initiated by platinum-mining company Northam at its Booysendal South asset, acquired from Aquarius Platinum. The project, which involves hydromining and the reprocessing of the of the Booysendal South tailings storage facility (TSF), aims... 

Huge opportunity to create more demand for platinum – PGI 

By: Martin Creamer     23rd August 2017 The South African platinum industry has been investing in platinum jewellery for more than 45 years through the Platinum Guild International (PGI), which has turned platinum jewellery into an amazing South African asset. Of all the platinum demand levers, platinum in jewellery is the one that can... 

Introduce stringent anti-emission laws – Royal Bafokeng Platinum

By: Martin Creamer     2nd August 2017 The South African government must introduce stringent anti-emission legislation as well as press for the platinum equivalent of the gold Kruger Rand, Royal Bafokeng Platinum CEO Steve Phiri insists. Phiri expressed dismay at the government, as custodian of the world’s major platinum endowment,... 

Platinum for new fuel cell Mercedes cut to autocat level  

By: Martin Creamer     12th July 2017 German car manufacturer Daimler has cut the platinum loading of its new fuel cell Mercedes to catalytic converter level. “We reduced the amount of platinum by 90%, which provides a significant cost reduction. Our fuel cell is not much above the platinum loading of a catalytic converter on a... 

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... 

Job losses loom at troubled Marula – Implats

By: Martin Creamer     26th April 2017 Despite ongoing engagement between all stakeholders to restore operational continuity and secure the financial sustainability of the Marula platinum operation, continued community protest action and persistently low metal prices have now necessitated a fundamental restructuring of the business to... 

Big boost for platinum as world's mayors tackle urban air pollution 

By: Martin Creamer     30th March 2017 The plans of the mayors of the world’s biggest cities to tackle urban air pollution head-on are a major plus for platinum, which catalyses the exhaust systems of vehicles and is the key metal in the emergence of emission-destroying fuel cells. The clean-air programme is being spearheaded by C40... 

Froneman shows off Sibanye in US as Stillwater deal advances

By: Martin Creamer     27th February 2017 Sibanye CEO Neal Froneman on Monday showed off the low-cost performance of this gold and platinum-mining company to a top-level audience in America at a time when the South African company’s proposed acquisition of Stillwater Mining Company of the US is edging forward. In an address to the BMO... 

Thakadu to build $14m nickel beneficiation plant at Lonmin refinery

By: Martin Creamer     16th November 2016 Platinum mining company Lonmin on Wednesday announced that it had agreed to supply its crude nickel sulphate stream to beneficiator Thakadu Battery Materials, which will be constructing a $14-million high-purity battery-grade nickel sulphate plant at the platinum-mining company’s base metals... 

Platinum miners head for pay talks in difficult environment 

By: Martin Creamer     18th March 2016 Price-pressured platinum-mining companies are heading for wage talks burdened by the low dollar prices of their basket of platinum-group metals (PGMs) that even the weak rand has been unable to increase meaningfully. “We’ve got to make sure this year’s wage increases aren’t unsustainable given... 

Battened-down RBPlat terminates contracts, self-funds development

By: Martin Creamer     17th November 2015 Platinum mining midtier Royal Bafokeng Platinum (RBPlat), which has terminated major contracts at its Styldrift 1 project, on Tuesday outlined a plan that could see it hit the ground running with a surfeit of mining flexibility in an improved platinum market. The JSE-listed black-owned company... 

Lonmin cuts workforce, shrinks capex, lowers unit costs

By: Martin Creamer     2nd November 2015 Platinum mining company Lonmin on Monday reported employee cuts, shrinking capital expenditure (capex), lower unit costs and the highest refined platinum production in eight years. But that did not stop the share price of the London- and Johannesburg-listed platinum-mining company from initially... 

Amplats sells Rustenburg platinum mines to Sibanye for R4.5bn

By: Martin Creamer     9th September 2015 South African platinum-mining company Anglo American Platinum (Amplats) said on Wednesday that it would be selling its Rustenburg Platinum mining and concentrating operations to Sibanye Gold for at least R4.5-billion. The Rustenburg Operations consist of the Bathopele, Siphumelele and Thembelani... 

Sibanye Gold upbeat on high-value surface project

By: Martin Creamer     6th August 2015 Gold mining company Sibanye Gold on Wednesday expressed excitement about the outcome of a feasibility study that pointed to a lucrative potential go-ahead for its huge gold tailings retreatment project on South Africa’s West Rand. “It’s a beaut,” Sibanye CEO Neal Froneman said of the West Rand... 

Implats defers production target, reviews capex, ups new technology plans 

By: Martin Creamer     28th August 2014 Strike-impacted platinum-mining company Impala Platinum (Implats) has deferred its 850 000 oz Rustenburg production target, is reviewing its capital expenditure (capex) programme intensively and is going all out to ramp up its post-strike restart to 250 000 oz of platinum from Rustenburg in the... 

AMCU knocking on door at Northam’s Zondereinde platinum mine 

By: Martin Creamer     14th August 2014 The Association of Mineworkers and Construction Union (AMCU) is knocking on the recognition door at Northam Platinum’s Zondereinde mine, which escaped the five-month platinum strike, the longest in South Africa’s history. New Northam Platinum CEO Paul Dunne said AMCU had gained ground at... 

Black-owned Merafe earnings soar on higher production

By: Martin Creamer     12th August 2014 The earnings of the black-owned and black-controlled Merafe have doubled in the six months when the company benefited from lower strike-hit volume of platinum-linked chrome. Merafe, headed by CEO Zanele Matlala, is paying an interim dividend of R28-million and letting people go at its corporate... 

Platinum companies considering AMCU’s latest wage proposal

By: Martin Creamer     4th June 2014 South Africa’s three biggest platinum-mining companies will resume a Ministerial meeting on Thursday after considering the latest unpublished wage proposal of the Association of Mineworkers and Construction Union (AMCU). New Mineral Resources Minister Advocate Ngoako Ramatlhodi said AMCU had... 

Northam Platinum brings in Aussies for mine mechanisation upskilling 

By: Martin Creamer     21st February 2014 JSE-listed platinum-mining company Northam Platinum has brought in Australian expertise to upskill local operators at its fully mechanised Booysendal platinum mine in Limpopo. At the presentation of strike-hit Northam’s first operating loss since 1998 after its Zondereinde mine was hit by an... 

Implats wiping out mining’s fall-of-ground fatality scourge

By: Martin Creamer     29th August 2013 South Africa’s second-largest platinum-mining company, Impala Platinum (Implats), is eliminating what has for long been the scourge of South Africa’s underground mines – fall-of-ground fatalities. Impala Platinum CEO Terence Goodlace said at the company’s presentation of results on Thursday... 

Implats earnings plunge but dividend declared

By: Martin Creamer     29th August 2013 South Africa’s second-largest platinum-mining company saw its earnings plunge in the 12 months to end-June, but that did not dissuade the board to be swayed away from its dividend policy. The board of the JSE-listed Impala Platinum (Implats) has decided to declare a dividend for the year of 95c... 

Haemorrhage risk continues as Amplats heads for R6bn loss

By: Martin Creamer     29th January 2013 As it postpones remedial action to April 30, the government-constrained and African National Congress- (ANC)-criticised Anglo American Platinum (Amplats) risks mounting losses at its already haemorrhaging mines, while, at the same time, its controlling shareholder, Anglo American, suffers yet... 

Local authorities part of Marikana problem – Jay Naidoo

By: Martin Creamer     21st September 2012 Local authorities formed part of the Marikana problem, founding Confederation of South African Trade Unions (Cosatu) general secretary Jay Naidoo said on Friday. The former Cosatu leader, who took part in the Human Science Research Council’s (HSRC’s) ‘Facing Marikana’ debate, advocated that a... 

Market sees Lonmin capex cut as price-positive for platinum

By: Martin Creamer     26th July 2012 The Lonmin share price rose after the world’s third-biggest platinum miner slashed its capital expenditure (capex) programme in what the market saw as a price-positive discipline that would help to stem the tide of surplus metal streaming on to the market. After Lonmin announced that it would no... 

Sea change in labour dynamics as AMCU emerges – Lonmin

By: Martin Creamer     14th May 2012 Labour dynamics are going through a sea change with the emergence of the Association of Mineworkers and Construction Union (AMCU) to rival the dominance of National Union of Mineworkers (NUM), says Lonmin CEO Ian Farmer. Farmer, who heads South Africa’s third-largest platinum-mining company,... 

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