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Platinum Group Metals News

Global gold mining major highlights academic partnership with South Africa’s Fort Hare 

By: Martin Creamer     21st June 2024 The University of Fort Hare, where the offspring of mineworkers were the first graduates, has agreed a R12.5-million, initial ten-year academic partnership with gold mining major AngloGold Ashanti, which no longer mines in this country and is now domiciled in London. Fort Hare is the university... 

Green copper, vapour refining envisaged at Orion’s Northern Cape base metals mines 

By: Martin Creamer     20th June 2024 Green copper and clean smelting and refining are envisaged at Orion Minerals’ quickly advancing base metals mines in South Africa’s well-endowed Northern Cape province, which has historically produced 2.5-millon tons of copper until base metal mining ceased there several decades ago. The fully... 

This Prieska mine chamber was blasted in the 1970s.
Photo by Creamer Media
This Prieska mine chamber was blasted in the 1970s.

South Africa now a compelling world investment story, upbeat Orion highlights 

By: Martin Creamer     19th June 2024 “The sun is finally shining on us,” an upbeat Orion Minerals CEO Errol Smart enthused during an Australia/South Africa webinar on Wednesday, when he outlined how South Africa has become one of the world’s most compelling short-term investment stories. Predicting that this country's investment... 

Errol Smart
Orion Minerals webinar covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer

Fast-greening Richards Bay Minerals now eyeing on-site renewables, storage, aggregation  

By: Martin Creamer     19th June 2024 Energy-intensive Richards Bay Minerals (RBM), which consumes an average of 1.8 terawatts of power a year, was able to secure its latest 140 MW wind energy power purchase agreement (PPA) in six months. When operating at full capacity, RBMs, power consumption across its mining and smelting... 

Richards Bay Minerals GM for Growth Strategy Bradley Reddy.
Richards Bay Minerals' Bradley Reddy interviewed by Mining Weekly's Martin Creamer. Video: Darlene Cereamer.

Southern Palladium remains committed to advancing Bengwenyama project

By: Martin Creamer     18th June 2024 The completed prefeasibility study (PFS) drilling campaign for the Bengwenyama platinum group metal (PGM) project, on the eastern limb of South Africa’s distinctively endowed Bushveld Complex, is emphasising the robustness of the upper group two (UG2) reef, project developer Southern Palladium... 

Flashback to the listing of Southern Palladium on the Johannesburg Stock Exchange two years ago.
Flashback to the listing of Southern Palladium on the Johannesburg Stock Exchange two years ago.

Mining production rose by a modest 0.7% y/y in April

By: Sabrina Jardim     13th June 2024 Mining production rose by a modest 0.7% in April, after declining by -4.8% year-on-year – revised from -5.8% year-on-year – in March, data published by Statistics South Africa (Stats SA) shows. Commenting on the statistics, Investec economist Lara Hodes says output was weaker than consensus... 

Reserve Bank concern about decline of public markets welcome development – Miller  

By: Martin Creamer     12th June 2024 The concern that South Africa’s Reserve Bank expressed last week on the state of this country’s public markets is seen as a welcome development by AmaranthCX director and public market promoter Paul Miller. Everything the Johannesburg Stock Exchange (JSE) has done has not been enough to change... 

AmaranthCX director Paul Miller.
AmaranthCX director Paul Miller interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Resources Watch  

12th June 2024 This week: Richards Bay Minerals signs agreement for additional 140 MW of renewable energy; Platinum group metal poised to help protect world from growing water pollution threat and, Diamond transparency from mine to finger is on way from Petra 

Resources Watch
Resources Watch

Southern Palladium appoints new nonexecutive director

By: Darren Parker     11th June 2024 Dual-listed Southern Palladium has announced the appointment of Advocate Lindi Nkosi-Thomas as a nonexecutive director, effective from June 10. Nkosi-Thomas, a practising lawyer and senior counsel, is a member of the Johannesburg Bar, having been called to the Bar in November 1994. She was... 

TotalEnergies, Air Products hydrogen deal uplifts platinum demand outlook still further 

By: Martin Creamer     10th June 2024 A 15-year agreement involving the supply of an initial 70 000 t of green hydrogen a year has been signed by TotalEnergies and Air Products. TotalEnergies, which is active in some 120 countries and which cites sustainability as being at the heart of its strategy, is setting out to reduce the net... 

TotalEnergies, Air Products hydrogen deal uplifts platinum demand outlook still further

Minerals Council calls for collaborative relationship among govt, labour, civil society and the private sector

By: Creamer Media Reporter      10th June 2024 As political parties discuss the way forward in establishing a government of national unity, the Minerals Council South Africa says it and its members are advocating for a constructive, collaborative and trusting relationship among government, labour, civil society and the private sector to... 

Minerals Council South Africa CEO Mzila Mthenjane
Minerals Council South Africa CEO Mzila Mthenjane

World Hydrogen alerted to benefit of South Africa’s zero-emission hydrogen haul truck 

By: Martin Creamer     7th June 2024 One hydrogen haul truck eliminates the deleterious carbon emissions of the equivalent of 700 cars, First Mode global hydrogen sourcing director James Betts highlighted during this week’s World Hydrogen Australia webinar, where he spoke of the need for the hydrogen haul trucks to be conceived as... 

South Africa pioneered hydrogen haul truck.
South Africa pioneered hydrogen haul truck.

Water pollution, traceability, exploration fund make headlines   

7th June 2024 Mining Weekly Editor Martin Creamer discusses the role that Platinum Group Metal can play against water pollution; traceability in the mining sector and Petra Diamonds progress in this area; and the R400-million junior mining exploration fund.   

Photo of Martin Creamer
Water pollution, traceability, exploration fund make headlines

Spotlight on women in mining

By: Halima Frost     7th June 2024 Embracing the contributions of women in mining, and especially those in the mining of platinum-group metals (PGMs), can offer many benefits, reports women-centric network Women in PGMs (WiPGMs) chairperson and independent precious metals consultancy Metals Focus director Wilma Swarts. Swarts will... 

a group of women, involved in teh Platinum-group metals mining sector stood in front of a banner at an event
A WOMAN'S TOUCH Women in PGMs chairperson Wilma Swarts will highlight the contributions of women in the sector at this years London Indaba

Sibanye to engage with Kroondal employees following end of illegal sit-in

By: Creamer Media Reporter      6th June 2024 Multinational mining and metals processing group Sibanye-Stillwater says it will engage with employees and representative unions at its Kroondal mine now that an illegal underground sit-in by employees at the Kwezi shaft at the mine has come to an end. Sibanye reports that all employees had... 

Platinum group metal poised to help protect world from growing water pollution threat  

By: Martin Creamer     5th June 2024 Platinum group metal (PGM) is once again coming to the fore as a mineral resource that goes the extra mile in protecting a threatened global environment. The latest indispensable commodity that is poised to be shielded by PGM, which has been safeguarding the air of cities from vehicle exhaust... 

PGM-linked hydrogen peroxide generator.
PGM-using MatiTech MD Mike Bowley interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Glencore to toll treat Crean Hill bulk sample – Magna

By: Mariaan Webb     5th June 2024 Exploration and development company Magna Mining has signed a toll milling agreement with Glencore Canada for the surface bulk sample of the 109 Footwall (FW) zone at its Crean Hill project, in Sudbury, Ontario. This development, CEO Jason Jessup says, is the next step of advancing the Crean... 

Glencore to toll treat Crean Hill bulk sample – Magna

First call applications for R400m junior mining exploration fund close July 12

By: Martin Creamer     4th June 2024 The first call applications for the R400-million junior mining exploration fund (JMEF) close on July 12. This was stated on Tuesday in a media release issued by the Department of Mineral Resources and Energy (DMRE), in partnership with the Council for Geoscience (CGS) and the Industrial... 

Need for quick exploration activity.
Unless exploration increases fast, the vital mining economy will shrink.

Employees hold unprotected sit-in at Sibanye's Kroondal mine

By: Creamer Media Reporter      4th June 2024 Multinational mining and metals processing group Sibanye-Stillwater reported on June 4 that more than 200 employees remained underground in an illegal sit-in at its Kroondal mine. The group said the sit-in started on the morning of June 3, with morning shift employees, including contractors, at... 

The Kroondal mine

GDP decreased by 0.1% in the first quarter

By: Creamer Media Reporter      4th June 2024 South Africa’s GDP decreased by 0.1% in the first quarter of this year, Statistics South Africa reports. The manufacturing industry decreased by 1.4% in the first quarter, contributing -0.2 of a percentage point to the negative GDP growth. Five of the ten manufacturing divisions reported negative... 

A farm in South Africa

Glencore’s Adamson joins Stillwater Critical Minerals board

By: Creamer Media Reporter      4th June 2024 TSX-V-listed Stillwater Critical Minerals has announced the appointment of Bradley Adamson as an independent director. Adamson, a veteran resources industry professional with more than 25 years of global experience focused on nickel and cobalt, joins the Stillwater board as Glencore’s appointee. 

Automotive PGM demand growing owing to extended-range EVs, says WPIC

By: Tasneem Bulbulia     31st May 2024 The continuing growth in automotive platinum demand is being achieved despite rising battery electric vehicle (BEV) market share and a reduction in internal combustion engine (ICE) vehicle production, industry organisation the World Platinum Investment Council (WPIC) points out. It explains that... 

Ruthenium, hydropower and green hydrogen make headlines  

By: Creamer Media Reporter      31st May 2024 Mining Weekly editor Martin Creamer discusses the renewed focus on ruthenium, water as an alternative source of power and the need for the world to make green hydrogen cheap enough to ensure optimal decarbonisation. 

Ruthenium, hydropower and green hydrogen make headlines
Ruthenium, hydropower and green hydrogen make headlines

Anglo starts formal divestment of coal, nickel after rebuffing BHP, CEO says

By: Reuters     30th May 2024 Anglo American is starting a formal process to sell its coal assets and explore options for its nickel operations after fending off a takeover threat from bigger rival BHP Group, CEO Duncan Wanblad said on Thursday. The Anglo CEO faces pressure from investors to boost the company's value by... 

Anglo American CEO Duncan Wanblad
Anglo American CEO Duncan Wanblad

Tsolido signs agreement with Red Cloud for liquidity services

By: Darren Parker     30th May 2024 TSX-V-listed Tsodilo Resources has retained Toronto-based financial services company Red Cloud Securities to provide liquidity services to the company. Red Cloud helps mineral exploration and mining companies to access capital markets and enhance their corporate profile. Red Cloud will trade... 

Sibanye clinches yet another renewable energy purchase agreement 

By: Martin Creamer     30th May 2024 Johannesburg- and New York-listed Sibanye-Stillwater has concluded its fourth renewable energy power purchase agreement (PPA). The green metals and gold producer has reached financial close for an additional 140 MW wind energy project, the Umsinde Emoyeni Wind Farm, located on the border between... 

Sibanye-Stillwater secures fourth power purchase agreement.
Sibanye-Stillwater secures fourth power purchase agreement.

Investors relieved BHP walked from Anglo takeover deal

By: Reuters     30th May 2024 nvestors welcomed BHP Group's decision to walk away from a $49-billion plan to take over its rival Anglo American, which rejected three proposed offers from the top global miner over the past six weeks. While BHP's Australian-listed shares fell 1.6% on Thursday, they were in line with its peers. 

Investors relieved BHP walked from Anglo takeover deal

BHP walks away from $49bn pursuit of mining rival Anglo

By: Reuters     29th May 2024 Mining group BHP Group on Wednesday walked away from its $49-billion plan to take over rival Anglo American, which rejected a last-ditch request for more time, ending for now its six-week pursuit. BHP's aim was to secure Anglo's prized copper assets in Latin America and increase access to a... 

BHP CEO Mike Henry
BHP CEO Mike Henry

Anglo American digs in its heels, denies BHP's extension request

By: Mariaan Webb     29th May 2024 Diversified miner Anglo American on Wednesday denied BHP’s request for more time to engage on a proposed takeover transaction, stating that its fundamental concerns regarding the $49-billion proposal remain unchanged. With time running out, BHP now only has until 16:00 GMT to announce a firm... 

Anglo American digs in its heels, denies BHP's extension request

BHP seeks extension as crunch time for $49bn Anglo bid approaches

By: Reuters     29th May 2024 BHP Group on Wednesday asked for more time to try to win over takeover target Anglo American, hours before a deadline for the world's biggest miner to firm up its $49-billion offer for its smaller rival. Anglo has rejected three proposals from BHP but last week agreed to a one-week extension to... 

BHP seeks extension as crunch time for $49bn Anglo bid approaches

BHP, Anglo dig in even as takeover talks deadline nears, sources say

By: Reuters     28th May 2024 BHP was struggling to find common ground with Anglo American on Tuesday in talks over its takeover offer, with no new concessions as a deadline nears for the world's biggest miner to submit a binding offer, five sources said. Anglo granted its bigger rival a one-week extension until 1600 GMT on... 

Anglo American's head office in South Africa

Measures to address loss-making assets expected to secure R6.6bn yearly, Sibanye AGM hears 

By: Martin Creamer     28th May 2024 The measures that green metals and gold mining company Sibanye- Stillwater has taken to address loss-making assets are expected to secure yearly savings and capital expenditure deferrals of R6.6-billion, chairperson Dr Vincent Maphai told the online AGM of the platinum group metals major on... 

Dr Vincent Maphai (left) and Neal Froneman.
Dr Vincent Maphai (left) and Neal Froneman.

JPMorgan says BHP plan risks $4.3bn South Africa outflow

By: Bloomberg     27th May 2024 A successful takeover of Anglo American under the arrangements BHP Group has offered could lead to outflows of $4.3-billion from South Africa, according to a JPMorgan Chase & Co. analysis. Such an outflow, if a deal goes ahead, could weaken the rand, which has gained 4.4% against the dollar, the... 

A BHP logo on a building

Ruthenium highlighted again in what could be another big boost for platinum group metals 

By: Martin Creamer     27th May 2024 Ruthenium, one of the six platinum-group metals (PGMs), is once again being given major research attention in view of it being exceptionally suited to uplifting the efficiency and sustainability of green hydrogen production from green ammonia. Late last year, it was a ruthenium-based catalyst... 

Valuable use of ruthenium being researched.
Photo by Inforgraphic: Heraeus Precious Metals
Valuable use of ruthenium being researched.

BlackRock encouraged Anglo to extend talks with BHP, source says

By: Reuters     27th May 2024 Anglo American was encouraged by key shareholders including BlackRock to continue engaging in talks with BHP Group over its proposed 38.6-billion pound ($49.18-billion) mining merger, a person familiar with the matter told Reuters on Saturday. BHP, the world's biggest listed mining group, now... 

Anglo's South African corporate head office
Anglo's South African corporate head office

Massive water power possibilities in underground mining, says COMRO book editor   

By: Martin Creamer     24th May 2024 When hydropower was being developed for South Africa’s gold-mining industry, the industry was going through a tough time and the research organisation of the day, the Chamber of Mines Research Organisation or COMRO, ceased to function in the form that it had for 30-odd years. Had COMRO continued... 

COMRO book editor Brian Protheroe (right) and Mining Weekly's Martin Creamer (left).
COMRO’S Legacy editor Brian Protheroe interviewed by Mining Weekly's Martin Creamer. Video: Nicholas Boyd.

Large Anglo shareholders are backing miner’s stance on BHP talks

By: Bloomberg     24th May 2024 Several of Anglo American’s big shareholders have said they support the company’s efforts to persuade BHP Group to change the structure of its takeover proposal or compensate for the risks it presents, before accepting any offer. BHP has one week to convince its target of the value of its... 

Large Anglo shareholders are backing miner’s stance on BHP talks

DC furnaces aid autocatalyst recovery

By: Lynne Davies     24th May 2024 The recycling of used automotive catalytic converters (autocatalysts) has become economically and environmentally important in the wake of autocatalysts becoming one of the most significant consumers of platinum group metals (PGM) for their manufacture, according to alternating current (AC) and... 

The image depicts the DC Furnace AFC supplied to Elemental
METALS RECOVERY A project by Elemental involves the first plant dedicated to the implementation of innovative metals recovery processes, on an industrial scale
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