Platinum demand forecast for 2023 up by 24%, supply by 3% - Mining Technology News. News. Platinum demand forecast for 2023 up by 24%, supply by 3% …
Completing the $264-million mine will boost the platinum reserves of Zimplats from 3 million to 9 million ounces. Developing the main underground access infrastructure, at 1,105 metres deep, is ...
Last updated 9/13/2023 at 4:46pm. Adobe Stock. After 50 years of scrubbing the emissions from fossil-fueled transportation and industry, PGMs are finding new roles as catalysts to …
Impala Platinum News Service from EIN News. Mining Industry Today. Questions? +1 (202) 335-3939. Set Up FREE Account Submit Release. About News by Country News by Industry ... Platinum mining stocks are among the top performers on the JSE in the past seven days, with Impala Platinum (Implats) and Sibanye-Stillwater …
Global Platinum Mining to 2022. Summary. Global Platinum group metal (PGM) reserves were 2.4 million oz. South Africa accounted for the largest share, with 90.9%, followed by …
Silver News Silver lawyer explains amended lawsuit; Butler cites attorney general's confession. March 12, 2013 · Leave a Comment GATA 7:19a HKT Wednesday, March 13, 2013 Dear Friend of GATA and Gold: Interviewed by Tekoa Da Silva of the Bull Market Thinking Internet site, silver market manipulation class-action lawsuit plaintiffs' …
China coal industry group expects output growth to slow in 2024. China's coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry group said on Wednesday, slower than last year's 2.9% growth.The projection comes on the back of record output in 2023, when the …
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for …
Reuters. Impala Platinum could shut some loss-making South African mining operations if metal prices deteriorate further and restructuring efforts fail to …
By GlobalData. For full-year 2023, Amplats' profit plunged 73% to R13bn ($688m) from R49.2bn in 2022. The company also cut its dividend by 81% to R21.30 per share. Total net revenues for 2023 dropped 24% to R124.58bn compared with R164.09bn in the prior year. Amplats CEO Craig Miller said: "We have worked hard to address aspects …
Andrada increases tin production. 27th March 2024 By: Tasneem Bulbulia. Aim-listed Andrada Mining, with a portfolio of mining and exploration assets in Namibia, achieved a 60% year-on-year ...
Exceeding Expectations . Siyanda Bakgatla Platinum Mine (Pty) Ltd (Union Mine) is a PGM Producing Mine located in Swartklip, in the Province of Limpopo, the Republic of South Africa. The Mine was acquired from Anglo American Platinum effective from the 1st of February 2018 by Siyanda Resources and the Bakgatla-Ba-Kgafela Joint Venture.
William Clarke. 25 November 2021. The WPIC now sees the global platinum market in a surplus of 769,000 ounces in 2021, with 2022 forecast to see a surplus of 637,000oz, …
Platinum production in Canada and major projects. According to GlobalData, Canada is the world's fourth-largest producer of platinum in 2022, with output up by 5% on 2021. Over the five years to 2021, production from Canada decreased by a CAGR of 6.41% and is expected to rise by a CAGR of 0.84% between 2022 and 2026.
Here are the ten largest platinum mines by production across the world in 2020, according to GlobalData's mining database. 1. Impala Mine. The Impala Mine is an underground mine situated in North West, South Africa. Owned by Impala Platinum Holdings, the brownfield mine produced an estimated 514.399 thousand ounces of …
Credit: Waldo Swiegers/Bloomberg/Getty images). The price of platinum has risen amid concerns of a coming shortage of the metal. The concerns have been fuelled by mining troubles in South Africa, the world's largest platinum producer. Miners have predicted as much as a 15% contraction in output as a result of consistent power …
Platinum production in Zimbabwe and major projects. According to GlobalData, Zimbabwe is the world's third-largest producer of platinum in 2022, with output up by 2% on 2021. Over the five years to 2021, production from Zimbabwe decreased by a CAGR of 0.05% and is expected to rise by a CAGR of 3% between 2022 and 2026.
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Key facts. Canada is a significant global producer of PGMs, ranking third in palladium production and fourth in platinum production. Canada's PGMs mine production was approximately 710,000 troy ounces in 2022 and is concentrated in Ontario, Quebec and Manitoba. Recycling accounts for a notable portion of the global supply of PGMs.
ELEVEN miners lost their lives and a further 75 were injured in an accident on Monday afternoon at 11 shaft in Impala Platinum's (Implats') Rustenburg Mines. Nico Muller, CEO of Implats described the event as "the darkest day" in the history of the company which has been operating for 57 years. "Our hearts are heavy for the lives lost ...
New platinum mine on course. August 29, 2020. Read Next. The first phase of the new platinum mine being developed by Great Dyke Investments on its Darwendale concessions is on course, with the box cut for the second portal being opened last month. The box cut was done in January. A box cut is a single rectangular hole …
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Updated 12:34 PM PDT, December 19, 2023. CAPE TOWN, South Africa (AP) — More than 2,000 workers remained underground for a second day Tuesday in a protest over pay and benefits at a platinum mine in South Africa. The mine is owned by Implats, which is one of the world's biggest platinum miners. The firm has suspended …
Platinum Mining News. Sibanye cuts about 300 US platinum jobs to lower costs - MINING ... Nov 29, 2023 / Nov 29, 2023 ... The precious metals producer will have to let go about 100 employees and approximately 187 contract workers. Sibanye Sheds 2,600 Jobs at South African Platinum Mines ...
The 2022 list names five PGMs – iridium, platinum, palladium, rhodium, and ruthenium – as critical to the U.S. IRIDIUM – The rarest of the PGMs, iridium sells for more than $4,500/oz. This most expensive PGM is known for its chemical and thermal stability. Iridium is the anode catalyst for hydrogen production.
Updated 1:17 PM PDT, November 13, 2023. NYE, Mont. (AP) — A contract worker has died in a machinery accident at an underground precious metals mine in south-central Montana and work has temporarily stopped while the death is investigated, mine officials said. The worker was preparing an area for future mining early Monday at the …
Platinum is a dense, malleable, and ductile metal with a silvery-white color. It has a high melting point of 1,768 degrees Celsius (3,214 degrees Fahrenheit), making it resistant to high temperatures. Platinum is highly resistant to corrosion, tarnish, and wear, making it suitable for use in harsh environments.
We bring you platinum and palladium news headlines from around the world. Metals Daily provide PGM investors with the latest platinum and palladium prices, …
Most platinum mined in Canada is a by-product of nickel mining, and the majority of the country's platinum-producing minesare in Ontario's Sudbury Basin. Ontario accounts for nearly 80 percent ...
Commenting in a production update on Monday evening, the platinum group metals producer said production for the period came in at 434,977 ounces, an increase year-on-year of 10.6%. Including third party metal purchases, total production for the period increased 19.9% to 518,084 oz. "Production growth has been achieved due to the …
By Mining Review Africa. November 27, 2023. Bakubung Minerals will enter consultations in terms of Section 189A of the Labour Relations Act 66 of 1995, as amended with organized labour and other affected stakeholders, regarding the possible restructuring of its operations. The initiation of the section 189 consultations comes at the backdrop of ...
Anglo American Platinum: retrenchments can't be avoided. By Mining Review Africa. February 19, 2024. "We responded rapidly throughout 2023 and are working hard to reposition the business to address both the global and local challenges that currently face the PGM industry. It is clear to us, however, that the extensive range of …
