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PGM PROJECTS: Waterberg DFS pegs 45-year mine life for Platinum Group Metals

  • Date: 04-10-19
  • Category: PGM PROJECTS
  • Source: Northern Miner

With palladium prices touching all-time highs of nearly US$1,700 per oz., Platinum Group Metals (TSX: PTM) tabled its definitive feasibility study for the Waterberg PGM project in South Africa’s Bushveld Complex outlining a significant boost in palladium, platinum, gold and...

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PGM PRODUCERS: Sibanye commences restructuring process, creates new holding company

Sibanye-Stillwater (SBGL +3.6%) is planning to acquire Sibanye Gold as part of a necessary restructuring following the company’s recent merger with Lonmin.

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AUTO SALES: UK car market 'weak' as Brexit bites

  • Date: 04-10-19
  • Category: AUTO SALES
  • Source: Just Auto

The UK new car market was up 1.3% in September at 343,255 units, although the cumulative total for the first nine months stood at 1,862,271 units, some 2.5% below last year's level.

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PGM PRODUCERS: Lonmin mine workers march against planned job cuts

Thousands of mine workers facing the chop at Sibanye Platinum Mine, formally known as Lonmin in Marikana, say they will not sit back, while the company embarks on mass retrenchments.

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ENERGY: Clean energy company to raise £52 million

  • Date: 03-10-19
  • Category: ENERGY
  • Source: Insider Media

Listed energy storage and clean fuel company ITM Power has revealed plans to raise £52m. This includes an investment from industrial gases and engineering specialist Linde, which will also enter into a joint venture with the Sheffield-headquartered company.

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SUBSTITUTION: No evidence of substitution away from palladium. Indeed evidence of no substitution

  • Date: 03-10-19
  • Category: SUBSTITUTION
  • Source: Matthew Turner

The palladium price has hit a new record high in recent days over $1,700/oz, and the FT has declared there’s more to come unless we see a global recession or substitution of much cheaper platinum. I agree. And yet at present not only is there no evidence of substitution but there’s evidence that there has been no substitution.

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EMISSIONS: Recommendations for post-Euro 6 standards for light-duty vehicles in the European Union

  • Date: 03-10-19
  • Category: EMISSIONS
  • Source: ICCT

Despite policymakers’ efforts in past decades, approximately one eighth of the European Union’s urban population is exposed to air pollutant levels exceeding European air quality standards. While this statistic is not particularly alarming, the picture changes when the pollution levels are compared against the World Health Organization’s air quality guidelines: 96% of Europeans living in urban areas are exposed to unsafe levels of air pollution.

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WAGE NEGOTIATIONS: Amcu’s Mathunjwa sees platinum wage deals on the horizon

Amcu president Joseph Mathunjwa gave a vintage performance at the Joburg Mining Indaba on Wednesday 2 October, berating the industry for its history of exploitation while holding out the prospect of clinching platinum wage agreements without a strike. He also raised the subject of the climate crisis.

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