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PGM SUPPLY: Nornickel to boost nickel, palladium output in 2019

  • Date: 30-01-19
  • Category: PGM SUPPLY
  • Source: Mining Weekly

Russia's Norilsk Nickel (Nornickel), the world's largest palladium producer, said on Wednesday its output of palladium and nickel from Russian raw material would increase in 2019.

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PGM SUPPLY: West Kytlim mining contract agreed for 2019 season

  • Date: 28-01-19
  • Category: PGM SUPPLY
  • Source: Research Channel

London-listed precious metals producer Eurasia Mining on Monday announced that it had hired Uralmetmash, formerly Techstroy, for the 2019 mining season at the West Kytlim platinum, palladium, rhodium, iridium and gold mine, in Russia.

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PGM SUPPLY: Mnangagwa’s Russia Visit Expected To Revive US$3 Billion Darwendale Platinum Project

  • Date: 13-01-19
  • Category: PGM SUPPLY
  • Source: Pindula News

President Emmerson Mnangagwa is expected to visit Russia and three other Former Soviet Socialist Republics (FSSRs) this week. The visit to Russia is expected to unlock US$3 billion for the Darwendale platinum project.

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PGM SUPPLY: Amplats lowers production guidance for next three years

  • Date: 11-12-18
  • Category: PGM SUPPLY
  • Source: Mining Weekly

Anglo American Platinum (Amplats) on Tuesday said its production guidance would change from January 1, 2019, as Sibanye-Stillwater’s platinum group metals material would no longer be bought as concentrate, but toll treated, with the refined metal returned to Sibanye.

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PGM SUPPLY: Monchetundra now fully authorised

  • Date: 05-12-18
  • Category: PGM SUPPLY
  • Source: Mining Weekly

The office of Russian Prime Minister Dmitry Medvedev has official approved the mine permit for the Monchetundra platinum group metals (PGMs) and base metals mine, Aim-listed Eurasia Mining reported on Wednesday.

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PGM SUPPLY: Lonmin in talks to access Sibanye-Stillwater mining area to minimise capital costs

  • Date: 04-12-18
  • Category: PGM SUPPLY
  • Source: Mining MX

LONMIN was in discussions with Sibanye-Stillwater to mine through a farm fence in order to minimise its project costs, said BusinessLive citing Ben Magara, CEO of the London-listed firm which is the subject of a takeover from Sibanye-Stillwater. “We are in advanced discussions with Sibanye and the Department of Mineral Resources,” Magara told the publication. “We are spending some risk capital to get that project going,” he said of plans to mine laterally from its K3 shaft into Sibanye’s Siphum

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PGM SUPPLY: No. 2 Platinum Miner Mulls Purchases in Low-Cost Asset Shift

  • Date: 04-12-18
  • Category: PGM SUPPLY
  • Source: Bloomberg

Impala Platinum Holdings Ltd. said it’s open to acquiring low-cost assets as the struggling miner looks beyond a plan to close unprofitable shafts in South Africa. The No. 2 platinum producer, known as Implats, is playing catch-up with larger rival Anglo American Platinum Ltd., which is boosting output and profit after shifting to lower-cost operations.

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PGM SUPPLY: Lonmin reports a profit as takeover looms

  • Date: 29-11-18
  • Category: PGM SUPPLY
  • Source: Financial Times

An aggressive cost cutting and efficiency programme helped platinum producer Lonmin report its first annual pre-tax profit since 2013. The results come as the century old miner is set to be acquired by South African rival Sibyane-Stillwater in an all-stock transaction that is expected to close early next year.

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