R/€ = 15.46 Change: -0.02
R/$ = 13.27 Change: 0.00
Au 1227.81 $/oz Change: 4.56
Pt 819.50 $/oz Change: 10.77


URU continues with exploration at Limpopo project

By: Anine Kilian     18th July 2018 The successful completion of a two-stage six-hole drill programme completed in 2017 on URU Metals’ Limpopo-based Zebediela nickel/platinum group element (PGE) project has resulted in mineralised intersections that exceeded the company's expectations. The company said in an update on Wednesday... 

Mining fund, junior mining and platinum make headiness  

18th July 2018 This week, Mining Weekly editor Martin Creamer discusses a new mining fund raising R750-million to co-finance ancillary mine projects, a beneficial innovative approach to junior mining promotion and, platinum is receiving a R2.6-billion boost. 

WorleyParsons Awarded R100-million in Projects on the back of renewed focus on platinum

By: Creamer Media Reporter      17th July 2018 As the Global Centre of Excellence for Mining and Minerals, WorleyParsons’ South African operations has recently experienced a surge in the southern African platinum market, with a number of significant platinum projects to the combined value of almost R100-million currently underway in... 

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... 

New mining fund raising R750m to co-finance ancillary mine projects 

By: Martin Creamer     16th July 2018 In an economic environment of tight capital allocation and bank pull back from mining finance, the new tax-incentivised CCP 12J Mining Fund is going all out to raise R750-million for co-investment in ancillary project opportunities on existing mine sites. On the list of targeted project... 

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.  

Noront drops Sudbury and Thunder Bay as site for ferrochrome plant

By: Mariaan Webb     16th July 2018 TSX-V-listed Noront Resources has moved to the final phase of the site selection process for its proposed ferrochrome production facility, with only two cities – Timmins and Sault Ste Marie – still in the running to host the 100 MW to 130 MW scalable furnace. Noront has dropped Thunder Bay and... 

On-The-Air (13/07/2018) 

By: Martin Creamer     13th July 2018 Platinum jewellery sales are heading for a very good year, the global platinum promoter, Platinum Guild International, reported this week. The World Platinum Investment Corporation this week launched a range of platinum investment products in China to boost South Africa’s struggling platinum... 

South African gold output falls most since February 2017 in May

By: Bloomberg     12th July 2018 Gold output in South Africa, once the world’s biggest producer of the metal, declined the most since February 2017 in May. Production dropped 16.2% from a year earlier, compared with a revised 5.8% contraction in April, Pretoria-based Statistics South Africa said Thursday in a statement on its... 

Bluejay's Dundas may be attractive to Rio Tinto – analysts

By: Mariaan Webb     12th July 2018 The closure of Rio Tinto's South African subsidiary Richards Bay Minerals (RBM) as a result of violent protests this week, may play into the hand of London- and Frankfurt-listed Bluejay Mining, which is developing the Dundas ilmenite project, in Greenland. The project is said to be the... 

Platinum growth, Zebra battery make headlines  

12th July 2018 This week, platinum jewellery is heading for a good year, first platinum bar products launched in China and a startup is breathing new life into local battery invention. Mining Weekly editor Martin Creamer unpacks the headlines. 

RBPlat appoints new CFO

By: Creamer Media Reporter      12th July 2018 Royal Bafokeng Platinum (RBPlat) has appointed Hanré Rossouw CFO and executive director, with effect from October 1. He will succeed Martin Prinsloo, who has resigned to pursue other opportunities. 

WPIC, Hengfu launch first platinum bar products in China

By: Creamer Media Reporter      11th July 2018 As part of efforts to boost investment demand for physical platinum, the World Platinum Investment Council (WPIC) has, in collaboration with Chinese company Shenzhen Hengfu Yingjia (Hengfu), launched the first platinum bar products in China. The launch of the high-purity 999.5 platinum bars forms... 

Monchetundra mine permit application now on Medvedev’s desk

By: Mariaan Webb     11th July 2018 The mine permit application for the two-million-ounce platinum-group metals (PGM) Monchetundra project has progressed to the office of Russian Prime Minister Dmitry Medvedev’s for final authorisation, Aim-listed Eurasia Mining reported on Wednesday. This follows the approval from the Ministry of... 

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... 

Pace change at Collerina Cobalt's NSW project

By: Esmarie Swanepoel     10th July 2018 ASX-listed Collerina Cobalt has placed plans for a nickel/cobalt project at its Collerina deposit, in New South Wales, on hold in lieu of a high purity alumina (HPA) project. The company this week told shareholders that prefeasibility study (PFS) testwork at the Collerina project has identified a... 

Platinum jewellery heading for good year – PGI 

By: Martin Creamer     9th July 2018 Significant demand growth is under way in the platinum jewellery market, which remains the second biggest ounce contributor to platinum demand at 2.5-million ounces of yearly fabrication, some 35% of total demand. “We’re seeing a lot of growth in the market. Obviously, the platinum price is... 

On-The-Air (06/07/2018) 

By: Martin Creamer     6th July 2018 Black-controlled mining company Exxaro has hit the high spots with the introduction of South Africa’s first ‘smart’ mine. A strongly black-empowered mining company is taking steps to raise money in London for its modern new phosphates operation in the Western Cape. The Bafokeng community is... 

Latest charter draft an improvement on previous iteration but discontent persists

By: Simone Liedtke     6th July 2018 The third iteration of the Mining Charter will have a significant effect on vendors of services and goods in the procurement space of South African mining, says legal services provider Strata Legal director Brandon Irsigler, noting that a great many suppliers to the mining industry are in the... 

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... 

Draft Mining Charter progressive, but still ambiguous – Bench Marks Foundation

By: Marleny Arnoldi     3rd July 2018 The new draft Mining Charter, released mid-June, is a step in the right direction, says performance monitoring organisation Bench Marks Foundation, but it warns that the devil remains in the detail, with some matters still to be clarified.  

Eurasia’s Monchetundra mining permit in ‘final stages’

By: Simone Liedtke     3rd July 2018 Aim-listed Eurasia Mining on Tuesday announced the approval of the Monchetundra mine permit application by the Russian Ministry of Economic Development (MOED). The mine permit application, for the 80%-owned two-million-ounce platinum-group metals (PGM) reserve and resource, is now awaiting sign... 

Lonmin sells Petrozim stake

By: Creamer Media Reporter      29th June 2018 Platinum miner Lonmin has entered into an agreement to sell its 50% interest in Petrozim Line to the National Oil Infrastructure Company of Zimbabwe for $14.75-million. This is in line with its strategy of selling noncore assets. 

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... 

Rio Tinto ready to splash out on copper

By: Reuters     29th June 2018 Rio Tinto wants copper badly, and it's ready to pay top-dollar. The global miner would be willing to fork out a large premium over market value to secure a prime asset as it tries to reduce its reliance on iron ore, company and banking sources told Reuters. 

WPIC strengthens its leadership with new appointments 

By: Simone Liedtke     28th June 2018 The World Platinum Investment Council (WPIC) has appointed Sally Singer as investor development director. She will lead the WPIC’s investor development activities, servicing the existing platinum audience and identifying and expanding the potential platinum investor base, while reporting directly... 

STS develops world-first VR solutions to revolutionise mining training  

28th June 2018 Simulated Training Solution’s world-first VR blast wall and its VR cube have resulted in efficient, effective and memorable training programmes for Anglo American Platinum’s Engineering Services Training Centre and Murray and Roberts Cementation Training Academy. Nadine James has the story. 

Gold hits over six-month low as dollar strengthens

By: Reuters     28th June 2018 Gold prices hit their lowest in more than six months on Thursday as the greenback held near one-year highs amid mounting US-China trade friction. Spot gold was down 0.2% at $1 249.71/oz, as of 0752 GMT. Earlier in the session, the bullion touched $1 248.25, its lowest since mid-December. 

UK regulatory body approves Sibanye’s acquisition of Lonmin

By: Marleny Arnoldi     28th June 2018 The UK’s Competition and Markets Authority (CMA) has cleared precious metals miner Sibanye-Stillwater’s proposed acquisition of platinum producer Lonmin.  

‘Standout’ Glencore is ‘top pick’

By: Martin Creamer     27th June 2018 In a 150-page analysis of four of the world’s biggest diversified mining majors, Glencore has emerged as the top pick of financial services company Credit Suisse, which has declared the London- and Johannesburg-listed company headed by Ivan Glasenberg as the current “standout” diversified mining... 

Implats appoints new CFO

By: Reuters     27th June 2018 South Africa's Impala Platinum (Implats) said on Wednesday it had appointed Meroonisha Kerber as CFO effective the beginning of August. The appointment of Kerber, who will also serve as an executive director of the Implats Board, comes after the resignation of the former CFO Brenda Berlin in... 

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... 

PTM’s continued listing plan accepted by the NYSE

By: Anine Kilian     22nd June 2018 The NYSE has accepted Platinum Group Metals’ (PTM’s) plan to regain compliance with the continued listing requirements of the stock exchange. The company is not currently in compliance with NYSE listing standards, but its listing is being continued pursuant to an exception. 

Kibo sells nickel subsidiary to Katoro as it focuses on energy sector

By: Marleny Arnoldi     22nd June 2018 Aim-listed Kibo Mining has sold its Kibo Nickel subsidiary to Aim-listed Katoro Gold for 15.34-million shares valued at about £200 000.  

Pioneering a new world of CX

20th June 2018 Roadmaps to the future of contact centres at G-Summit Johannesburg 2018    South African enterprises will get a glimpse of the revolutionary future of customer experience next month, when Genesys, an international leader in omnichannel customer experience and contact centre solutions, brings... 

PTM subsidiary, Capricorn municipality ink plan to increase water supply

By: Simone Liedtke     19th June 2018 Waterberg JV Resources, the operating company of the Waterberg Joint Venture (JV), has entered into an agreement with the Capricorn district municipality, in Limpopo, to jointly develop a water supply management plan to increase the water supply and infrastructure capacity for both the local... 

PEA completed for South America’s ‘most advanced’ PGM project

By: Creamer Media Reporter      18th June 2018 A preliminary economic assessment (PEA) for the Pedra Branca platinum group metal (PGM) project, in north-eastern Brazil, has confirmed the economic potential of the project, which Aim-listed Jangada Mines says is South America’s largest and most advanced PGMs play. The PEA has assigned a net... 

Pioneering a new world of CX

18th June 2018 Roadmaps to the future of contact centres at G-Summit Johannesburg 2018    South African enterprises will get a glimpse of the revolutionary future of customer experience next month, when Genesys, an international leader in omnichannel customer experience and contact centre solutions, brings... 

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