PGM News: 17/04/2018

MACROECONOMICS: China’s Economic Growth Remains Robust Amid Strong Retail Sales

China’s economic expansion held up amid robust consumer spending, underpinning global growth and giving authorities room to purge excessive borrowing, while the industrial sector showed signs of modest slowdown.

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Source: https://www.bloomberg.com

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SOUTH AFRICA: Siemens and Anglo American Platinum collaborate on digital and automation skills development in Africa

JOHANNESBURG, South Africa, April 17, 2018/ -- Currently, one of the most debated topics influencing innovation is digitalization and its impact on the future of employment. It is met with equal parts excitement and trepidation. No matter how you look at it, digital transformation and a truly connected global economy is already upon us.

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Source: https://www.africa-newsroom.com

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PRODUCERS: Jubilee sets new operational record

JOHANNESBURG (miningweekly.com) – Jubilee Metals set a new operational record when it produced 1 858 oz of platinum-group metals (PGMs), in March, while its unit cost reached a low of $434/oz for the first quarter ended March 31. “I am very pleased with the continued operational improvements at our Hernic operations. I expect the second quarter in 2018 to deliver even better operational numbers as the Hernic operation continues to improve,” commented Jubilee CE Leon Coetzer.

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Source: http://www.miningweekly.com

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PRODUCERS: RBPlat lifts Q1 platinum production 13% y/y

JOHANNESBURG (miningweekly.com) – JSE-listed Royal Bafokeng Platinum(RBPlat) achieved a 12.2% year-on-year increase in platinum, palladium, rhodium and gold(4E) platinum group metals production to 81 100 oz in the quarter ended March 31. Total tonnes delivered to concentrators increased by 1.9% to 735 000 t, with the Bafokeng Rasimone Platinum Mine(BRPM) contributing 535 000 t and the Styldrift mine 200 000 t.

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Source: http://www.miningweekly.com

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