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PGM PROJECTS: Eastern Platinum Limited Announces an Agreement to Complete a Feasibility Study and Source Funding for the Recovery of PGMs Through a Joint Venture From the Redeposited Tailings

Eastern Platinum Limited announces that its subsidiary, Barplats Mines (Pty) Ltd., has entered into a project framework agreement with Advanced Beneficiation Technologies Proprietary Limited of South Africa , an organization fully compliant as a Black Economic Empowerment Entrepreneur and a member of the Omang Group of companies, to complete an independent feasibility study for the development and construction of a new modular plant with a capacity to process the platinum group metals of the tailings redeposited at a designated area of the Zandfontein Tailings Dam situated at the Crocodile River Mine in South Africa at a rate of between 20,000 and 50,000 tons per month (the final rate is dependent on the optimal outcome of the Feasibility Study).

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SILVER: Fresnillo surfs silver wave to top FTSE 100 risers

  • Date: 22-07-20
  • Category: SILVER
  • Source: Financial Times

Precious metals producer Fresnillo’s share price climbed more than 9 per cent on Wednesday, cementing its position as the year’s best-performing UK blue-chip stock after reporting stronger than anticipated silver production. The company, whose seven mines are all in Mexico, said it produced 13.6m ounces of silver in the three months to the end of June, up 2.8 per cent from the previous quarter and ahead of market estimates. Analysts had expected output of 12.2m ounces.

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HYDROGEN: Anglo American could use ‘green’ hydrogen power at Queensland open-pit coal mines

  • Date: 21-07-20
  • Category: HYDROGEN
  • Source: International Mining

Anglo American has eyes on producing ‘green’ hydrogen to power the haul fleet at not only its Mogalakwena platinum group metals mine, in South Africa, but also at least one of its open-pit coal mines in Queensland, Australia, IM has learned.

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PGM PRODUCERS: Northam completes first phase of raise-bore drilling for third Zondereinde shaft

JSE-listed Northam Platinum, together with Master Drilling, has successfully completed a record raise-bore pilot hole for the planned Number 3 Shaft at the Zondereinde mine.

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PGM PRICES: Platinum and palladium prices to rise through 2021

  • Date: 21-07-20
  • Category: PGM PRICES
  • Source: Mining.com

Analysts and traders have cut their forecasts for autocatalyst metals platinum and palladium as the coronavirus outbreak curtails vehicle sales, but they still expect prices for both to rise gradually through 2021, a Reuters poll showed.

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PGM PROJECTS: Nornickel & Russian Platinum Ink Partnership for Norilsk Industrial District

Nornickel Russian Platinum World’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper Nornickel announced that Nornickel and Russian Platinum will continue to cooperate in the development of deposits in the Norilsk Industrial District. The companies agreed on an operational partnership to develop the promising Chernogorskoye field.

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AUTO SALES: Renault’s Electric Zoe Defies Virus With a Jump In Sales

  • Date: 20-07-20
  • Category: AUTO SALES
  • Source: Bloomberg

Sales of Renault SA’s all-electric Zoe car jumped 38% in the first half, a rare bright spot amid the grim fallout of the coronavirus pandemic

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PGM PROJECTS: McCollum bill puts brakes on Twin Metals, but would also affect existing iron mines

Language in a federal environmental funding bill takes aim at the controversial copper-nickel mine proposed for the same watershed as the Boundary Waters Canoe Area Wilderness and could also impact any future expansion plans for iron ore mines that straddle the watershed’s border.

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