Implats to fund $4m programme to strengthen Waterberg DFS

JSE-listed Impala Platinum (Implats) has asked to have the terms of its purchase and development option in the Waterberg platinum project joint venture (JV) amended. TSX-and NYSE-listed Platinum Group Metals (PTM) on Thursday announced that Implats had, in consideration for the amendment, agreed to fund 100% of a $4-million implementation budget and work programme that would increase confidence in specific areas of the Waterberg project’s definitive feasibility study (DFS).

Eastplats achieves first PGM recoveries from tailings project

JSE- and TSX-listed Eastern Platinum (Eastplats) has successfully produced platinum group metal (PGM) concentrate from its refurbished small-scale PGM Circuit D – previously called the scavenger plant circuit. The company is using feed from its retreatment project, located at the company’s Crocodile River mine, in South Africa, following the recovery of chrome concentrate.

Hydrogen fuel cell mining set to cut Amplats’ greenhouse gas emissions – Griffith

The introduction of hydrogen fuel cell mining in response to climate change is poised to cut the greenhouse gas emissions of platinum group metals mining company Anglo American Platinum by 30%. A large enabler of this significant reduction is the introduction of hydrogen fuel cell mining trucks, outgoing CEO Chris Griffith said on Monday at the company’s presentation of superlative 2019 results. (Also watch attached Creamer Media video.)

Indian jewellery market increasingly preferring platinum over traditional gold

Platinum Guild International’s (PGI’s) February 2020 Insight report shines a light on how marketing can leverage shifts in demographics and steer consumer behaviour to create demand across consumer segments in India. PGI reports that India has become the fastest growing platinum jewellery market globally, with demand having grown at a compound annual growth rate of 8% between 2013 and 2018.

Implats’ interim earnings to rise on higher PGM prices

JSE-listed Impala Platinum (Implats) expects its headline earnings and headline earnings per share (HEPS) for the half-year ended December 31, to be between 42% and 62% and between 32% and 50% higher, respectively, year-on-year. Headline earnings are expected to be between R3.16-billion and R3.6-billion and HEPS will increase to between 408c and 465c apiece, compared with the headline earnings of R2.23-billion and HEPS of 310c reported for the six months ended December 31, 2018.