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Latest technology improves clients’ on-boarding experience

By: Khutso Maphatsoe     8th February 2019 Next month cloud-based platform company Passport 360 will release the latest version of its Passport 360 application (app), which incorporates the latest robotic process automation technology to improve the platform and assist clients to on-board even faster. What exactly does the app do? 

Improved operational performance, prices drive Amplats’ FY18 earnings higher

By: Marleny Arnoldi     5th February 2019 Anglo American Platinum (Amplats) expects to report basic earnings of R6.5-billion for the year ended December 31 – a 289% increase on basic earnings reported for 2017. This translates to basic earnings a share of R25, compared with the R7.41 a share reported for 2017.  

PGM-using patents abound – CPM  

By: Martin Creamer     31st January 2019 Viable patents that involve the use of platinum group metals (PGMs) should be commercialised so that PGMs become less dependent on the automotive market, says CPM Group MD and founder Jeffrey Christian. CPM’s current projections, which are similar to those in the automotive and electricity supply... 

Anglo American delivers solid Q4 performance  

By: Tasneem Bulbulia     24th January 2019 Diversified miner Anglo American achieved a 7% year-on-year increase in total production on a copper equivalent basis for the fourth quarter of 2018, excluding the effect of the stoppage at its Minas-Rio iron-ore mine, in Brazil. “Our continuing focus on efficiency and productivity improvements... 

JV projects contribute to 3% y/y increase in Amplats’ Q4 PGM output 

By: Tasneem Bulbulia     24th January 2019 Anglo American Platinum (Amplats) produced 1.26-million ounces of platinum-group metals (PGMs) in the fourth quarter of 2018 – a 3% increase on the 1.22-million ounces produced in the fourth quarter of 2017. Amplats attributed the increase to an improved operational performance, particularly at... 

Platinum price fall worsening plight of job-intensive mines 

By: Martin Creamer     16th January 2019 The latest fall of the platinum price is threatening to become the last straw that broke the camel’s back for some deep labour-intensive platinum group metals (PGMs) mines on particularly the western limb of the Bushveld Complex, Mining Weekly Online can today report. Well ahead of the latest... 

South African company building new smelter in Zimbabwe

By: Creamer Media Reporter      9th January 2019 Foundry and engineering company Thos Begbie is working in the Great Dyke of Zimbabwe, close to the town of Shurungwi, where it is helping to construct the Unki platinum smelter, adjacent to a mining operation owned by platinum mining company Anglo American Platinum (Amplats). Thos Begbie was... 

Amplats finalises R1.8bn Bafokeng Rasimone JV interest sale to RBPlat

By: Marleny Arnoldi     12th December 2018 Anglo American Platinum’s (Amplats’) subsidiary Rustenburg Platinum Mines (RPM) has completed the disposal of its 33% interest in the Bafokeng Rasimone Platinum Mine joint venture (JV) to Royal Bafokeng Platinum (RBPlat) and Royal Bafokeng Resources (RBR). RBR took ownership of the operation on... 

Amplats takes all of Mototolo 

By: Martin Creamer     1st November 2018 Platinum group metals (PGMs) mining company Anglo American Platinum (Amplats) said on Thursday that it had completed acquisition of the Mototolo joint venture (JV), which has become a wholly owned asset of the company. The Johannesburg Stock Exchange-listed Amplats, which was a 50% JV partner,... 

Anglo American Platinum completes acquisition of Mototolo joint venture

1st November 2018 Anglo American Platinum confirms the completion of the acquisition of both Glencore Operations South Africa Proprietary Limited’s (“Glencore”) 40.2% interest and Kagiso Platinum Ventures Proprietary Limited’s (“Kagiso”) 9.8% interest in the Mototolo joint venture (“Mototolo JV”). With effect from... 

Palladium reaches record on mounting concerns over tight supply

By: Bloomberg     23rd October 2018 Palladium, a precious metal widely used in the automotive industry, has hit an all-time high. The rally has been fueled by concern over supply and speculators piling in to bet on even higher prices. The majority of palladium is used to make catalytic converters in gasoline automobiles, and... 

Amplats lifts FY18 production, sales guidance after robust Q3 performance 

By: Nadine James     23rd October 2018 Anglo American Platinum (Amplats) has again revised its full-year platinum group metal (PGM) production guidance upwards and now expects to produce between 5.1-million and 5.2-million ounces on the back of robust third-quarter production. The company initially expected to produce between... 

Harmony, Amplats report fatalities

By: Marleny Arnoldi     19th October 2018 Precious metals miners Harmony Gold and Anglo American Platinum (Amplats) both reported fatalities on Friday. A Harmony employee died after falling from a height, while working in the shaft bottom at the Kusasalethu mine, near Carletonville.  

Ramaphosa orders inquiry at State pension fund

By: Reuters     18th October 2018 President Cyril Ramaphosa on Wednesday appointed a judicial inquiry into the R2-trillion State pension fund, a government gazette said, following corruption allegations. The PIC is Africa's biggest pension fund and the biggest investor in South Africa's economy holding a large volume of bonds... 

Anglo American Platinum brings two Kom-Vision equipped vehicles into production at Mogalakwena Complex

17th October 2018 Technology will boost safety at operations and integrated systems that will deliver significant operational improvements Anglo American Platinum recently bought two Kom-Vision-equipped Komatsu 930E earthmoving vehicles into production at the Mogalakwena Complex. The Kom-Vision technology is a... 

Amplats sets new benchmark with two Kom-Vision equipped vehicles at Mogalakwena complex 

By: Simone Liedtke     17th October 2018 Platinum mining major Anglo American Platinum (Amplats) has acquired two Kom-Vision-equipped Komatsu 930E earthmoving vehicles that have entered into production at the Mogalakwena Complex, setting a new benchmark for the miner. Amplats’ safety strategy is based on four pillars, namely systems,... 

Dollar shortage 'short-term problem' for miners in Zimbabwe – Minister

By: Reuters     10th October 2018 A dollar shortage that has sparked outrage from mining companies operating in Zimbabwe is a "short-term problem" that will be remedied by a stronger economy, the mines minister told Reuters. Zimbabwe is suffering acute shortages of US dollars, deterring foreign capital from helping the ailing... 

South Africa researching hydrogen storage for platinum-using fuel cells

By: Martin Creamer     5th October 2018 South Africa’s Council for Scientific and Industrial Research (CSIR) is researching innovative hydrogen storage technologies that have the potential to be key enablers of platinum-catalysed fuel cells, which generate clean electricity using hydrogen as a fuel and platinum as a catalyst. The... 

2018 ‘challenging’ for South African mining companies – PwC

By: Marleny Arnoldi     2nd October 2018 The 12 months to June 30 proved to be a challenging year for South African mining companies, in contrast with the global mining industry, which achieved a considerable improvement in financial performance compared with the prior year. PwC on Tuesday released the tenth edition of its ‘SA Mine... 

Amplats CFO resigns

By: Creamer Media Reporter      21st September 2018 Ian Botha has resigned as FD of Anglo American Platinum (Amplats), effective February 18, 2019. He will be relocating abroad to pursue other opportunities.   "On behalf of the Board and Anglo American Platinum, I would like to thank Ian for his commitment and diligence during his time at Amplats.... 

CNN-flighted advert projecting huge growth for platinum-using fuel cells

By: Martin Creamer     18th September 2018 French company Air Liquide, a member of the Davos-launched Hydrogen Council that includes platinum-mining company Anglo American, is currently flighting an advertisement on the global television network CNN, which forecasts exceptional growth for the hydrogen and fuel cell market. Quoting the... 

ARM mulling ‘very exciting’ growth opportunities – Motsepe

By: Martin Creamer     7th September 2018 Diversified mining company African Rainbow Minerals (ARM) is right now looking at some very exciting growth opportunities, its executive chairperson Patrice Motsepe said on Friday. After announcing the delivery of 51% higher headline earnings of R4 814-million in the 12 months to June 30... 

Anglo American Platinum chooses WSA for cost-efficient environmental compliance

27th August 2018 Anglo American Platinum has signed a contract for Topsoe’s world-leading Wet gas Sulfuric Acid (WSA) sulfur emissions control technology for their platinum smelter facility in Polokwane, South Africa. The WSA technology ensures compliance with environmental regulations and offers a perfect match... 

Harmony enters 1.5m oz gold production realm

By: Martin Creamer     21st August 2018 The growth aspiration of Harmony Gold to produce at a rate of 1.5-million ounces of gold a year is within a hair’s breadth of becoming a foregone conclusion as production at Hidden Valley in Papua New Guinea and Moab Khotsong in South Africa click in optimally during the current financial year.... 

Amplats starts construction on Polokwane sulphur dioxide abatement project

By: Anine Kilian     16th August 2018 Construction of the sulphur dioxide (SO2) abatement project at Anglo American Platinum’s (Amplats’) Polokwane smelter got under way on Thursday. The company will implement new wet sulphuric acid (WSA) technology at the smelter and will ultimately reduce SO2 emissions by an estimated 96%, to... 

Heavy-handed laws not needed to transform mining – RBPlat 

By: Martin Creamer     6th August 2018 The growth of the once small community-based Royal Bafokeng Platinum (RBPlat) into the fully fledged mining company that it is today, provides ample evidence that transformation is best served by collaborative partnerships rather than heavy-handed laws. “Anglo American Platinum have been an... 

Platinum's worst may soon be over despite record bearish bet 

By: Bloomberg     26th July 2018 Platinum’s near the lowest in a decade and hedge funds have never been so bearish – and that could be good news for prices. The commodity’s had a torrid year so far amid ample supplies and as investors lost faith in precious metals. While speculators are betting on more declines, the large... 

Anglo Platinum taking steps to reverse unjustified investor bearishness 

By: Martin Creamer     23rd July 2018 Platinum group metals (PGMs) mining, refining and marketing company Anglo American Platinum (Amplats), which on Monday delivered an outstanding set of dividend-yielding financial results for the six months to June 30, is taking steps to reverse unjustified investor bearishness. After the company... 

Perceptions mines are not doing enough for nearby communities fuelling protests

By: Nadine James     20th July 2018 In developed countries, community-based protest action (as opposed to industrial action) against mining companies is primarily related to environmental concerns. In South Africa, community-based protests against mining companies are rooted in socioeconomic issues, such as job creation, and... 

Amplats lifts FY platinum guidance after strong Q2

By: Marleny Arnoldi     19th July 2018 JSE-listed Anglo American Platinum (Amplats) has revised its full-year platinum production guidance upwards to between 2.4-million and 2.45-million ounces, following a strong second-quarter performance. The miner had previously expected to produce between 2.3-million and 2.4-million ounces of... 

R2.6bn boost for platinum demand

By: Martin Creamer     17th July 2018 Platinum demand received a R2.6-billion boost on Tuesday when South Africa’s State-owned Public Investment Corporation (PIC) joined forces with Anglo American Platinum (Amplats) to promote the development of innovative and competitive technological uses of platinum-group metals (PGMs). By each... 

Improved operational performance, prices lift Amplats’ interim earnings

By: Marleny Arnoldi     16th July 2018 JSE-listed Anglo American Platinum (Amplats) on Monday advised that its headline earnings and headline earnings per share (HEPS) for the six months ended June 30 are likely to be between R3.2-billion and R3.4-billion and between R1.20 and R1.30, respectively.  

Rio Tinto says minerals sands operation in South Africa shut by protests

By: Reuters     11th July 2018 A mineral sands operation on the South African coast run by Rio Tinto has been closed since Friday due to violent community protests which saw a security guard killed earlier this week, the company and a union said on Wednesday. Community unrest is a common feature of South Africa's social... 

Royal Bafokeng taking 100% of Rasimone platinum mine

By: Martin Creamer     5th July 2018 Black-controlled platinum mining company Royal Bafokeng (RBPlat) on Thursday announced that its joint venture partner Anglo American Platinum had agreed to accept R1.8-billion for the remaining 33% of the Bafokeng Rasimone Platinum Mine (BRPM). Headed by CEO Steve Phiri, the JSE-listed RBPlat... 

Amplats to report higher H1 earnings

By: Anine Kilian     29th June 2018 Anglo American Platinum (Amplats) expects its headline earnings and headline earnings a share for the six months ended June 30, to be R150-million, or 57c a share, higher than that reported for the six months to June 30, 2017. Basic earnings and basic earnings a share will also be at least... 

Ongoing fuel cell developments kindle hope for platinum demand 

By: Martin Creamer     26th June 2018 Ongoing hydrogen fuel cell developments across the globe are kindling hope for an eventual significant increase in platinum demand. This month alone, Hyundai Auto Canada took part in the official opening of Canada's first retail hydrogen fuelling station operated by Shell and Hydrogen Technology... 

Northam ups funding capacity as stockpile monetisation ensues

By: Martin Creamer     24th May 2018 Platinum mining company Northam has increased its funding capacity to tide it over a capital intensive development period. A new R1-billion two-year unsecured revolving credit facility to April 2020 is augmenting a previous R2-billion unsecured revolving credit facility to November 2021, taking... 

Sibanye CEO confident of Lonmin takeover despite cash burn

By: Reuters     18th May 2018 Sibanye-Stillwater is confident its planned purchase of Lonmin will go ahead, but the struggling platinum producer must slow its cash burn, the South African firm's chief executive said. Sibanye's £285-million all-share bid to create the world's second largest platinum miner faces hurdles... 

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