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Jewellery industry's pivot to platinum aids recovery, PGI reports

By: Creamer Media Reporter 18th May 2021 Platinum is one of the first jewellery categories to reverse the downward trend caused by Covid-19, despite being a highly discretionary purchase with a relatively small market share, marketing organisation Platinum Guild International (PGI) reports. Its 'Platinum Jewellery Business Review... →

PGM prices soar as demand recovers amid supply disruption, new report says

By: Tasneem Bulbulia 17th May 2021 The platinum market is forecast to move back into surplus this year, despite a 27% gain in autocatalyst demand, according to estimates published in chemicals company Johnson Matthey’s latest platinum group metals (PGM) Market Report. South African platinum supplies are expected to rebound by... →

Eastplats’ first-quarter loss narrows to under $1m

By: Marleny Arnoldi 14th May 2021 JSE-listed Eastern Platinum (Eastplats) has narrowed its net loss attributable to shareholders to $900 000, or $0.01 apiece, in the first quarter of the year. This compares with an $8.2-million, or $0.09 apiece, loss attributable to shareholders in the first quarter of 2020. →

On-The-Air (14/05/2021)

By: Martin Creamer 14th May 2021 The fact that New York City is to use platinum to help it decarbonise its buildings is great news; the iron-ore price is soaring to unprecedented heights and South Africa stands to benefit; and gold mining companies are going all out to be greener and cleaner. →

Mining production, sales increase year-on-year in March

By: Tasneem Bulbulia 13th May 2021 Mining production increased by 21.3% year-on-year in March, data published by Statistics South Africa shows. The largest positive contributors were platinum group metals (PGM), with a 68.6% increase and contributing 11.6 percentage points; iron-ore, with a 47.9% increase and contributing 4.1... →

Zijin, Nkwe launch Garatau platinum mine

By: Marleny Arnoldi 13th May 2021 China-headquartered Zijin Mining Group, through its South African subsidiary Nkwe Platinum, on May 13 announced the start of development at its Garatau platinum-group metals (PGMs) mine, in Limpopo. Boxcut development at the mine will start on May 28 and the company envisions decline shaft... →

Online retail booms, set to stabilise at higher level

By: Schalk Burger 12th May 2021 Online retail revenue in South Africa grew by about 66% to R30.2-billion in 2020, accounting for about 2.8% of total retail revenue. Last year’s growth in online retail revenue was significantly higher than the 25% growth from R11.3-billion in 2017 to R14.1-billion in 2018. →

Let Midcomp Azero help future-proof your business through total fleet management

10th May 2021 Digital printing equipment supplier Midcomp Azero offers a value proposition to clients to future-proof their business if it requires A1 to A0+ printing and scanning as part of its workflow. Midcomp Azero assists companies requiring A0 printing and scanner functionality across multiple platforms,... →

Resources Watch

5th May 2021 This week: PGMs in all three drive trains if Lion Battery initiative is successful And, Mining policy should be hugely supportive of exploration’s multiplier magic →

Patel unpacks employee share ownership schemes progress

By: Marleny Arnoldi 30th April 2021 Trade, Industry and Competition Minister Ebrahim Patel is drafting guidelines on employee ownership and other broad-based ownership schemes. He intends to publish, in the coming week, a practice note dealing with some clarifications around community trusts and individual ownership schemes. →

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