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Search results: platinum group metal (PGM)

Kuvimba seeks internal resources to Fund Platinum project

Kuvimba Mining House (KMH) is planning to find its own resources to fund one of the country's biggest platinum project, Great Dyke Investment (GDI) in Darwendale as the company seek to have full control of the...

Northam Platinum withdraws offer to acquire Royal Bafokeng

Northam Platinum has withdrawn its offer to acquire Royal Bafokeng Platinum, citing the currently low prices of platinum group metals (PGM), saying they had reached levels that constitute a "material adverse change".The decision effectively ends a...

Platinum outlook: Do we need to buckle up?

The platinum group metals (PGM) sector has performed very well in general over the past year on the back of a strong rebound in global car sales. Since the end of April, however, we’ve seen a...

Amplats to raise output after high metals prices boost profit

Anglo American Platinum (Amplats) on Monday posted a price-driven jump in annual profit and set its sights on boosting output by 20% while looking to capitalises on global decarbonisation efforts. Precious metals miners have been a bright...

Anglo American wants to explore base metals in South Africa

Anglo American wants to explore for base metals in South Africa, but the country needs regulatory changes to make it more competitive with other mining jurisdictions, CEO Mark Cutifani said on Wednesday.Policy uncertainty, insecurity of tenure and unreliable...

EMA speaks on Great Dyke Investments Platinum project

EMA speaks on Great Dyke Investments project, the Darwendale Integrated Platinum Group Metals in Norton, Zimbabwe. The Great Dyke Investments mine is expected to be the biggest Platinum miner in Zimbabwe in a few years to...

GDI to become Zimbabwe’s biggest platinum producer

AO Afromet and Landela owned mining firm, Great Dyke Investment is set to become the biggest platinum producer in Zimbabwe.Rudairo Dickson MapurangaAccording to the mines' Chief Operations Officer, Munashe Shava, the mine which has a life...

“Retention Policy is Punitive and Self-Defeating” – Economist on PGM Payments Delay

Mineral economist Lyman Mlambo has issued a stark warning over Zimbabwe’s 30% foreign currency retention policy and the government’s delayed settlement of more than US$609 million owed to platinum group metal (PGM) producers for the first...

ZiG Stability Push Chokes PGM Sector as $609m Local Currency Payments Remain Unpaid

The Government’s delay in paying local currency owed to platinum group metal (PGM) miners in an effort to maintain stability of the ZiG currency is crippling one of the country’s most vital export sectors, Mining Zimbabwe...

Unki Mine’s Output Drops 15% in Q1 2025

Unki Mine, Anglo American Platinum’s key Zimbabwean operation, recorded a 15% drop in platinum group metal (PGM) output in the first quarter of 2025, producing 53,600 ounces. The decline was mainly driven by expected lower ore...

Zimbabwe’s Policy Environment adds to Karo Setbacks – Tharisa

The commissioning of the Karo Platinum Project in Zimbabwe has been delayed several times, primarily due to falling platinum group metal (PGM) prices and related funding challenges. By Ryan Chigoche Originally scheduled for July 2024, the project was...

Unki Maintains IRMA 75 as Mogalakwena Mine Achieves IRMA 50 on Responsible Mining Standard

Zimbabwe's third-largest Platinum Group Metal (PGM) producer, Unki Mine, has successfully maintained its Initiative for Responsible Mining Assurance (IRMA) 75 rating following a rigorous surveillance audit conducted in 2024, Anglo American Platinum (Amplats) has announced. By Rudairo...

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