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Platinum

The Booysendal operation
Northam warns of full-year profit slump, despite strong operational performance
14th August 2024 By: Creamer Media Reporter

Platinum group metals (PGM) miner Northam Platinum says it expects to report a year-on-year decrease of between 76.6% and 86.6% in headline earnings per share (HEPS) to between R3.24 and R5.66 for... 


Eastplats' first-half income falls on lower chrome sales volumes
13th August 2024 By: Creamer Media Reporter

Platinum group metal (PGM) and chrome miner Eastern Platinum (Eastplats) has reported net income attributable to equity shareholders of $2.6-million for the six months ended June 30, compared with... 


South Africa's mining production decreased by 3.5% y/y in June
13th August 2024 By: Creamer Media Reporter

South Africa's mining production decreased by 3.5% year-on-year in June, with gold, platinum group metals (PGMs), coal and "other" metallic minerals having made the biggest negative contributions.... 


Tribunal approves ARM’s buyout of remaining Nkomati JV stake
12th August 2024 By: Sabrina Jardim

The Competition Tribunal has unconditionally approved African Rainbow Minerals’ (ARM’s) proposed transaction to acquire the remaining participation interest in the Nkomati joint venture (JV) and an... 


Merafe CEO Zanele Matlala.
Merafe reports R720m half-year profit on higher chrome ore prices, weaker currency
12th August 2024 By: Martin Creamer

Johannesburg Stock Exchange-listed Merafe has reported a profit of R720-million for the six months ended June 30, on higher realised chrome ore prices and a weaker rand:dollar exchange rate. But... 


AMCU president Joseph Mathunjwa
AMCU commemorates twelfth Marikana massacre anniversary
8th August 2024 By: Marleny Arnoldi

As trade union Association of Mineworkers and Construction Union (AMCU) commemorates the Marikana massacre on its twelfth anniversary this year, many structural underlying issues remain, former... 


A stack of gold bars
Gold halts slide after market rout triggered margin-call selling
6th August 2024 By: Bloomberg

Gold steadied after being pulled into Monday’s global rout, when it slumped as some traders cut holdings to cover potential margin calls. Spot bullion plunged as much as 3.2% in the previous... 


UK Royal Mint, Perth Mint augment platinum bullion coin collections
2nd August 2024 By: Tasneem Bulbulia

Last month saw the arrival of the latest addition to the UK Royal Mint’s ten-coin Royal Tudor Beasts Collection, the World Platinum Investment Council (WPIC) reports. The Royal Tudor Beasts 2024... 


Pan African, Sylvania Platinum, Merafe make headlines
Pan African, Sylvania Platinum, Merafe make headlines
2nd August 2024

Mining Weekly Editor Martin Creamer discusses Pan African’s Mogale Tailings Retreatment project being ahead of schedule and below budget; the Initial output from Sylvania Platinum’s new tailings... 


Utshalo founder Paul Miller.
Orion’s capital-raising success kindling hopes of greater small-end investment in mining
1st August 2024 By: Martin Creamer

The capital-raising success that emerging copper and zinc mining company Orion Minerals achieved is kindling high hopes that smaller South African shareholders will be facilitated to play a greater... 


Sibanye welcomes nature-related disclosure guidance for the mining sector
30th July 2024 By: Schalk Burger

Multinational mineral and metal processing group Sibanye-Stillwater has welcomed the nature-related reporting organisation Taskforce on Nature-related Financial Disclosure (TNFD) sector guidance... 


Anglo Platinum CEO Craig Miller.
Demerging Anglo Platinum excited about demand outlook for platinum group metals
26th July 2024 By: Martin Creamer

Anglo American Platinum, which is in the process of demerging from the Anglo American group, this week expressed confidence in the demand outlook for the platinum group metals (PGMs). The... 


Sibanye CEO Neal Froneman
Sibanye says US operation recovering from cyberattack impact
25th July 2024 By: Creamer Media Reporter

Multinational mining and metals processing group Sibanye-Stillwater confirmed on July 25 that the Columbus metallurgical complex at its US platinum group metals operations has experienced some... 


Anglo American CE Duncan Wanblad.
Anglo's eyes are firmly on a copper, iron-ore and crop nutrient prize
25th July 2024 By: Martin Creamer

By the end of 2025, the new Anglo American is going to be focused 100% on copper, iron-ore and crop nutrient mining. By that time, the demerged Johannesburg Stock Exchange-listed Anglo American... 


Anglo American CE Duncan Wanblad.
We’re moving at pace to create more agile, profitable Anglo, CE Wanblad reports
25th July 2024 By: Martin Creamer

Diversified mining company Anglo American, which is in the process of restructuring itself, on Thursday delivered $5-billion underlying half-year earnings for the six months to the end of June.... 


Platinum-based PEM electrolyer infographic.
Platinum demand uplifted by global electrolyser developments, world body reports
24th July 2024 By: Martin Creamer

Platinum-based electrolysis for the production of planet-cleaning green hydrogen is gaining worldwide momentum. The World Platinum Investment Council (WPIC) projected on Wednesday that global... 


Anglo CEO Duncan Wanblad
Anglo to face investors with wary eye on BHP's potential return
24th July 2024 By: Reuters

Anglo American investors will keenly scrutinize CEO Duncan Wanblad on Thursday as he gives an update on the London-based miner's strategy, just months after fighting off a $49-billion takeover bid... 


Minerals Council South Africa CEO Mzila Mthenjane.
Minerals Council South Africa supports beneficiation where the economics make sense
24th July 2024 By: Martin Creamer

Minerals Council South Africa, whose members account for 90% of this country's annual mineral production by value, supports beneficiation where the economics make sense. “Therefore, we welcome the... 


EY partner Thabi Malatji (right) facilitating discussion with Seriti Resources CEO Mike Teke (centre) and Seriti Green CEO Peter Venn (left) at Coal & Energy Transition Day.
Seriti’s wind move may be further energy transitioned by solar, Coal & Energy Day hears
23rd July 2024 By: Martin Creamer

Black-owned coal mining company Seriti Resources' advance into wind energy through Seriti Green may be further advanced by an entry into solar power, Tuesday’s Coal & Energy Transition Day 2024 was... 


Anglo Platinum chairperson Norman Mbazima.
PGMs helping to lay greener global foundation, demerging Anglo Platinum highlights
22nd July 2024 By: Martin Creamer

Despite the current low-price cycle, the critical role that platinum group metals (PGMs) play in helping to form a foundation for cleaner greener world remains indisputable, Anglo American Platinum... 


Anglo Platinum's Mogalakwena mine in Limpopo where hydrogen truck is being trialed.
We're looking forward to being PGM leader as a standalone entity – Anglo Platinum
22nd July 2024 By: Martin Creamer

Platinum group metals  (PGM) mining and marketing company, the Johannesburg Stock Exchange primary-listed Anglo American Platinum, highlighted on Monday that it is working to deliver a responsible... 


Platinum, diamonds, hydrogen make headlines
Platinum, diamonds, hydrogen make headlines
19th July 2024

Mining Weekly Editor Martin Creamer discusses the projected downward path of platinum; Petra Diamonds looking to refinance its $250-million loan notes; and Hive Hydrogen South Africa completing... 


Duncan Wanblad shaking hands with Wits University vice-chancellor Professor Zeblon Vilakazi at the hand over of Anglo’s 47 Main street, Johannesburg building, to Wits Business School (WBS), with Anglo chairperson Nolitha Fakude (left) and  WBS head Prof Maurice Radebe (right).
We’ve delivered strong second-quarter production – Anglo CE
18th July 2024 By: Martin Creamer

Diversified mining company Anglo American on Thursday emphasised its embedding of operational resourcefulness across its asset base and highlighted its second-quarter performance as being strong.... 


Anglo American Platinum CE Craig Miller
Anglo Platinum anticipating 15% to 25% lower half-year earnings
18th July 2024 By: Martin Creamer

The basic earnings and earnings per share of platinum group metals (PGM) mining company Anglo American Platinum for the first six months of this year are anticipated to be between 15% and 25% lower... 


Graph showding projected downward path of platinum.
Minerals Council VP spells out platinum production decline expectation to Shanghai
16th July 2024 By: Martin Creamer

Under current market conditions, many platinum mines will close prematurely due to a lack of financial resources – and even without financial constraint, closure of depleting mines will result in... 


Sibanye-Stillwater CEO Neal Froneman
Sibanye features on FTSE4Good index for the ninth consecutive year
16th July 2024 By: Marleny Arnoldi

JSE- and NYSE-listed miner Sibanye-Stillwater has once again made it onto British financial organisation the Financial Times Stock Exchange (FTSE) Russell Group’s sustainability index. The... 


Hive Hydrogen GM Colin Loubser
Green ammonia ousting coal in power stations, R105bn hydrogen developer reports
15th July 2024 By: Martin Creamer

Huge demand for green ammonia from power stations is being seen by the developer of South Africa’s R105-billion green hydrogen to green ammonia project in the Eastern Cape. But this new development... 


World Platinum Investment Council CEO Trevor Raymond.
Shanghai Week's platinum futures poised to manage price risk, boost demand
12th July 2024 By: Martin Creamer

Platinum’s appeal is being bolstered by its wide discount to gold, increasing industrial applications, and inclusion on the critical mineral lists of many countries, World Platinum Investment... 


Platinum Group Metals CEO Frank Hallam.
Platinum mine developer working with govt on export of concentrate to Saudi Arabia
12th July 2024 By: Martin Creamer

Toronto- and New York-listed Platinum Group Metals, the near-term objectives of which are to advance the Waterberg project in Limpopo to a development and construction decision, is working with the... 


A PGM mine owned by Implats
South Africa's mining output flat in May, but minerals sales fall by 19%
11th July 2024 By: Creamer Media Reporter

Mining production was flat in May, compared with May 2023. Statistics South Africa reports that the main positive contributors were coal and chromium ore, while gold and platinum group metals... 


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