Tim Acker, equity analyst at Allan Gray, speaking on the sidelines of the Mining Indaba in Cape Town, said that if current prices hold, platinum
SA is a safe venue for mining investments, and licencing corruption is
Norilsk Nickel and Russian Platinum to Mine PGMs in Siberia
Minerals Council CEO Roger Baxter noted that at current prices, more than 60 percent of the platinum mining industry is loss-making or
Other highlights include 23.03 metres of 1.08% nickel, 0.12% copper, 0.03% cobalt, 0.20 gram platinum and 0.51 gram palladium from 537
Supply from mines in SA has fallen because of a lack of investment in new projects and the closure of old and unprofitable production by a number of companies. South African platinum production has fallen to about 4-million ounces a year from a 2006 peak of 5.3-million ounces. The decline is unlikely to
Some of SA's mines, like those in the coal sector, are not very different from mines elsewhere. Others, like the gold and platinum mines, are deeper, larger or have narrower ore bodies than those in other countries. As a rule of thumb, narrow vein deposits are more difficult to mine and need people up close
He was speaking at a corporate briefing on the company at the 2018 African Mining Indaba on Tuesday. Froneman unpacked the changing structure of Sibanye-Stillwater, previously known for being a player in the gold mining industry as Sibanye-Gold. Sibanye first entered into the platinum group metals
CAPE TOWN (miningweekly.com) - New cars being produced in Japan have platinum- and copper-intensive fuel cell drives that outdo battery-powered electric vehicles (EVs) in cold climates as the EV batteries drain when the heaters are switched on, Ivanhoe Mines executive chairperson and founder
Russia's Norilsk Nickel has teamed up with Russian Platinum to invest $4.4bn to develop mining projects in Siberia, which contains some of the world's richest deposits of platinum and palladium. The two companies will form a joint venture to develop projects in the Taimyr Peninsula in Russia's far north
MOSCOW, Feb 7 (Reuters) - Russia's Norilsk Nickel, the world's leading palladium producer, said in a statement on Wednesday it is planning a joint venture with Russian Platinum, to expand mining of metals belonging to the platinum group. Nornickel's co-owner, billionaire Vladimir Potanin, was cited by
WSP Canada (News Release: Sept 7th, 2017) is progressing through the new resource calculation for the River Valley PGM Deposit under the supervision of Todd McCracken, Manager-Mining at WSP Canada. The new resource model and calculation will incorporate all the past data, geophysics, new
While a slump in platinum prices have plagued miners in South Africa, palladium's recent record-setting rally, paired with a weaker rand,
Chitando was a guest speaker at a panel discussion on mining in
Over more than two decades, mining investor Friedland and his small team have
Anglo American Platinum's large-scale Mogalakwena mine, located on the Northern Limb of the Bushveld Complex, is the type of asset every
Following the results of the metallurgical testwork in May, the company plans to work up the project mine plan and economics and then embark upon a PFS in the second half of 2018. Being able to produce split concentrates would bring copper-rich zones into the mine plan that wouldn't otherwise make the
But as a non-executive director at platinum mining house Lonmin, he infamously called for "concomitant action" against strikers at Marikana in 2012, days before 34 miners were shot dead by police. Even though an inquiry into the massacre cleared him of responsibility, the incident is a major scar in his
This has been, and will continue to be, a complicated and time-consuming process, he said. Involving four platinum mines, the local development thrust of the project now addresses beneficiaries defined as anyone within a defined area encompassing the mine neighborhood - including even those groups
Sibanye, which will vault into second place of global platinum producers once it has completed the all-share takeover of Lonmin, the world number three platinum miner, has stretched its balance sheet to the maximum, loading it with debt to fund the $2.2bn cash purchase of the US's Stillwater Mining,