Discovery targets mining with 24-hour renewables plan
DISCOVERY Green has signed several mining companies to a renewable power offering that targets 90% of their electricity needs. A mix of wind, solar and batteries can help meet…
Expensive yes, but $300m bond takes Tharisa to next step
UNTIL Northam Platinum unveiled plans last month to grow production by 50%, its smaller counterpart, Tharisa, was something of a rarity in the platinum group metals (PGM)…
Why Implats has changed its tune on Waterberg
IMPALA Platinum (Implats) earlier this month declared R13.1bn in final dividends, a sum that outshone its rivals. It also revised its payout policy in such a way that the door is…
Implats takes shine to bite-sized Waterberg JV
IMPALA Platinum (Implats) has turned more positive on the long-delayed Waterberg JV project as plans for a smaller mine improve its chances of getting off the ground. Implats…
Implats caps top year for platinum with R8.7bn special payout
THE impact of surging platinum group metal (PGM) prices was for all to see in Impala Platinum’s (Implats’) year-end numbers, which it capped with a special final dividend of…
HCI’s Copelyn dismayed at Waterberg JV’s multiple headwinds
HOSKEN Consolidated Investments (HCI) is grasping for a golden thread of hope in finally advancing its platinum group mining endeavours. The investment group – better known for…
Northam Platinum finally secures “rock star” status
IT has taken some 40 years but Northam Platinum has finally achieved the “rock star” status that the former Gold Fields of South Africa envisaged when it decided to develop the…
Valterra asset level deals most logical option for Northam
IMPALA Platinum and Sibanye-Stillwater distanced themselves from an offer for Northam Platinum on Tuesday, which means Valterra Platinum is the only one likely to have an…
Northam seeks bids amid “exploratory” offer from rival
NORTHAM Platinum has enlisted offers for either a corporate- or asset- deal after disclosing on Tuesday it had received an “exploratory” offer for the company from a rival…
Can this be the PGM market’s next big thing?
THE hydrogen economy was supposed to be platinum’s salvation, but it is turning out to be the lightest of lifelines. Deployment of electrolyser capacity, the technology that…
Bokoni Platinum reboot could knock ARM’s cash flow
AFRICAN Rainbow Minerals (ARM) has a colourful track record picking capital projects. It sold its 40% stake in Zambia’s 70-year-old Lubambe copper mine (formerly Konkola North)…
Valterra hits brick wall on Zimbabwe’s unpaid $100m
VALTERRA Platinum said it was making progress extracting current export proceeds from Zimbabwe, but an agreement on getting a historic amount of $100m paid was unresolved.…
Implats suspends Rustenburg shafts for week-long safety reset
IMPALA Platinum (Implats) suspended production at its Rustenburg shafts on Friday for five days in order to conduct a “safety reset” following two underground fatalities this…
Northam Platinum’s ‘mine without end’ exposes SA’s supply crisis
NORTHAM Platinum CEO Paul Dunne might joke that “there’s no luck in mining”, but fortune has certainly favoured his company in the past few months. For starters, resource…
Platinum selldown a “pothole, not the end of the road”
PLATINUM shares have returned to buy territory after months of falling metals prices, sending valuations lower. The basket price for platinum, palladium and rhodium, the main…
Implats monitoring contractor strike at Rustenburg shaft
IMPALA Platinum said it was monitoring an unprotected strike among contractors at its Impala Rustenburg North shaft. “It’s not giving us headaches but we take it seriously,” said…
Platinum Week cognoscenti agree the metal will keep rolling on
PLATINUM has been on the wrong end of the Middle East crisis falling 13% since hostilities between the US and Israel and Iran began. Yet industry mavens who gathered for the…
Is this a new era for platinum? Its miners think so
SINCE the decline of gold production in the 1990s, platinum has become South Africa’s most valuable strategic metal, and among its most important economically. Of critical raw…
JSE gold shares surge on hopes of US-Iran deal
GOLD and silver recorded their sharpest gains in about a month on Wednesday as optimism grew that the US and Iran are approaching a deal to end their war, pushing the dollar and…
Steady output in March will see Implats meet full-year targets
PLATINUM miner Implats is still on track to meet its full-year guidance of group refined and saleable PGM production of 3.4-3.6 million ounces, despite a marginal decrease in own…