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Platinum

World Platinum Investment Council Director of Research Edward Sterck.
Platinum market deficit forecast to exceed million ounces in 2024 amid robust demand
10th September 2024 By: Martin Creamer

Robust growth is expected to drive total platinum demand to 8 118 000 oz, leading to a substantial market deficit of 1 028 000 oz in 2024, the World Platinum Investment Council (WPIC) says in its... 


Development Bank of Southern Africa Chief Economist Zeph Nhleko.
Development finance institutions are key architects of hydrogen economy – Nhleko
9th September 2024 By: Martin Creamer

Development finance institutions (DFIs) are more than just financial supporters of the hydrogen economy, they are important architects of its future, Development Bank of Southern Africa (DBSA)... 


An image of the Bakubung platinum mine
Wesizwe appoints contractor to execute concentrator rectification plan
9th September 2024 By: Tasneem Bulbulia

JSE-listed Wesizwe Platinum says in an operational update that it has awarded a contract to an experienced contractor to start implement a rectification plan of the concentrator plant at its... 


EDC may provide $500m loan for Ontario nickel mine
EDC may provide $500m loan for Ontario nickel mine
9th September 2024 By: Mariaan Webb

Government agency Export Development Canada (EDC) may provide a $500-million loan for the Crawford nickel sulphide project in Timmins, Ontario. This is according to project owner Canada Nickel,... 


African Rainbow Minerals Executive Chairperson Dr Patrice Motsepe.
African Rainbow Minerals wants to maximise the equity it has in Harmony Gold
6th September 2024 By: Martin Creamer

The global market is going through a very challenging time right now, African Rainbow Minerals (ARM) executive chairperson Dr Patrice Motsepe noted on Friday, when the Johannesburg Stock... 


Platinum ingots
SADPMR to conclude Platinum Centenary Commemoration with prestigious event
6th September 2024 By: Marleny Arnoldi

Government body South African Diamond and Precious Metals Regulator (SADPMR) will host a prestigious event on the sidelines of the Jewellex Africa 2024 conference, in Sandton, on September 8, to... 


A Sibanye employee working in a gold mine
Sibanye achieves Level 4 BBBEE accreditation
5th September 2024 By: Creamer Media Reporter

Multinational mining and metals processing group Sibanye-Stillwater reports that it has improved its broad-based black economic empowerment (BBBEE) rating to Level 4, from Level 6 in 2023 and Level... 


South Africa's Mineral and Petroleum Resources Minister Gwede Mantashe
South African exploration fund attracts 115 applications – Mantashe
4th September 2024 By: Sabrina Jardim

South Africa's Mineral and Petroleum Resources Minister Gwede Mantashe told attendees at this year's Africa Down Under conference, in Perth, Australia, on September 4, that the country's Department... 


Northam’s Eland mine.
Northam sees Eland becoming significant chrome producer in coming years
4th September 2024 By: Martin Creamer

Northam Platinum, which benefits from a full mine-to-market value chain in chrome, sold around 1.3-million tons of chrome for the year, which contributed 12.5%, or R3.8-billion, to the revenue of... 


Resources Watch
Resources Watch
4th September 2024

This week: Mechanical cutting for mining set to move needle for Master Drilling and, Headwind-hit Implats delivers guided production, controls costs 


Fine platinum bars.
Stimulating demand is most consequential action price-hit PGM industry can take
3rd September 2024 By: Martin Creamer

The most consequential action that price-hit platinum group metals (PGM) producers can take as an industry is the stimulation of demand. “But the issue is, are we doing enough to advance the... 


Anglo takes steps as part of Amplats demerger
2nd September 2024 By: Marleny Arnoldi

As part of Anglo American’s proposed demerger of Anglo American Platinum (Amplats) in 2025, certain Anglo American subsidiaries in South Africa have undertaken an internal reorganisation. The... 


The Stillwater mine in the US
Sibanye to post interim loss on US impairment; lower headline earnings
2nd September 2024 By: Creamer Media Reporter

Multinational mining and metals processing group Sibanye-Stillwater expects to report a loss a share of between 250.8c and 277.2c, or about $0.13 and $0.15, for the six months ended June 30, mainly... 


Northam CEO Paul Dunne and diesel power generation.
Northam Platinum enters into 180 MW solar farm agreement at energy-intensive mine
30th August 2024 By: Martin Creamer

Platinum group metals (PGMs) and chrome producer Northam has entered into a power purchase agreement with an independent power producer for an 180 MW solar farm at its Zondereinde PGM mine on the... 


Implats Group Executive:Refining & Marketing Sifiso Sibiya.
Developing hydrogen economy key to future platinum group metals demand – Implats
29th August 2024 By: Martin Creamer

The development of the hydrogen economy and the latent potential offtake for platinum group metals (PGMs) is a key underpin to the long-term view of future demand and the role PGMs will play in a... 


The Implats team at 2024 results presentation, covered by Mining Weekly's Martin Creamer. Video: Creamer Media's Nicholas Boyd.
Headwind-hit Implats delivers guided production, controls costs
29th August 2024 By: Martin Creamer

Amid an operating environment constrained by macroeconomic headwinds and low prices for platinum group metals (PGMs), Implats delivered guided production volume and cost control in the 12 months to... 


President Cyril Ramaphosa
President transfers legislation as part of steps to split mineral resources, energy portfolios
28th August 2024 By: Creamer Media Reporter

President Cyril Ramaphosa has transferred legislation previously administered by the Mineral Resources and Energy Minister to Mineral and Petroleum Resources Minister Gwede Mantashe and Electricity... 


Master Drilling CEO Danie Pretorius.
Mechanical cutting for mining set to move needle for Master Drilling
27th August 2024 By: Martin Creamer

In the six months to June 30, cash from the operating activities of Master Drilling soared 119.8% to $27.7-million. The revenue pipeline of this Johannesburg Stock Exchange-listed tech-savvy... 


Metalloys, DRDGold and Marikana memorial lecture make headlines
Metalloys, DRDGold and Marikana memorial lecture make headlines
23rd August 2024 By: Creamer Media Reporter

Mining Weekly Editor Martin Creamer talks about Menar's plans to revive the Metalloys smelter and sell ferromanganese to the world; gold miner DRDGold's renewable energy infrastructure; and the... 


Four large bricks of platinum on a white background
Survey highlights PGMs’ socioeconomic contribution
23rd August 2024

To develop an improved understanding of the extent to which mining matters to nearby communities, and more broadly to South Africa as a whole, mining industry lobby association Minerals Council... 


A photo of the Tharisa mine situated on South Africa’s western limb of the Bushveld Complex, in the Northern Cape at dusk
Miner expands renewables uptake
23rd August 2024 By: Halima Frost

Platinum group metals (PGMs) and chrome co-producer Tharisa Minerals has entered into a long-term power purchase agreement (PPA) for the procurement of wheeled renewable energy for its Tharisa... 


A large yellow Truck being loaded by a large scoop on an opencast mining operation
PGM sector remains key for services provider
23rd August 2024 By: Halima Frost

Clients in the platinum group metals (PGMs) and chrome sectors continue to hold a significant market share for opencast mining, bulk materials handling, and drilling and blasting service provider... 


Northam Platinum CEO Paul Dune stood at a podium
Shanghai event highlights key PGM developments
23rd August 2024

This year’s platinum insight conference, the Shanghai Platinum Week 2024, served as a “core platform” for industry innovation and collaboration, reports global platinum body World Platinum... 


DRDGOLD CEO Niël Pretorius.
Big win for DRDGOLD is 60 MW solar farm as it repositions for future
21st August 2024 By: Martin Creamer

The big win for surface gold recovery company DRDGOLD is the 60 MW solar farm built at Ergo in the 12 months to June 30. “I call it a R3-billion prepaid electricity facility that will take care of... 


Ivanhoe Electric appoints investor relations, business development VP
21st August 2024 By: Creamer Media Reporter

US critical metals company Ivanhoe Electric has appointed Mike Patterson VP of investor relations and business development, with effect from August 19. Patterson is a seasoned professional with a... 


Zimplats' revenues fall on softer metal prices
20th August 2024 By: Darren Parker

Platinum miner Zimplats has reported a 20% year-on-year decrease in revenue, dropping from $962.3-million at the end of the 2023 financial year to $767.1-million at the close of the 2024 financial... 


Cape Town Archbishop and Renewal Programme Patron Thabo Makgoba.
Mining companies need mechanisms to solve conflicts, Marikana memorial hears
20th August 2024 By: Martin Creamer

Mining companies need mechanisms to solve conflicts by reaching consensus with stakeholders on dealing with grievances and disputes, former Minerals Council South Africa VP and current Transnet... 


Sylvania Platinum CEO Jaco Prinsloo
Updated scoping study lifts Sylvania's Volspruit pre-tax NPV to R1.2bn
20th August 2024 By: Chanel de Bruyn

A updated scoping study on Aim-listed platinum group metals (PGM) producer and developer Sylvania Platinum's Volspruit project, located on the southern end of the northern limb of the Bushveld... 


Nedbank CIB Head of Infrastructure, Energy and Telecommunications Mike Peo.
Major shift to green energy under way by mining houses across Africa – Nedbank CIB
16th August 2024 By: Martin Creamer

Virtually every mining house in South Africa is in the process of procuring green electrons, and similar advances are taking place across the African continent, from the Democratic Republic of... 


Dawie Roodt
Be prepared for new economic future as biggest Electra Mining Africa show approaches
14th August 2024 By: Martin Creamer

South Africa’s preparation for a brand new economic future is coinciding with the biggest ever Electra Mining Africa show, which takes place in Johannesburg, from September 2-6. Five interconnected... 


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