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Nickel Creek says Yukon project needs higher prices for development
Published: 26 Sep 18
Project developer Nickel Creek Platinum lost a third of its value on the TSX on Tuesday after the company announced that its flagship project in Yukon would not be advanced until prices strengthened and nickel settled in the range of $9/lb to $11/lb. Shares fell by as much as 44%, before closing 34% lower at C$0.105.
Lenders agree to increase Royal Bafokeng Resources’ debt facilities to R3bn
Published: 25 Sep 18
Nedbank and First Rand Bank, trading through its Rand Merchant Bank division, have agreed to increase Royal Bafokeng Resources’ (RBR’s) existing debt facilities from R2-billion to R3-billion. RBR, a subsidiary of Royal Bafokeng Platinum (RBPlat), earlier this year entered into an agreement to acquire Rustenburg Platinum Mines’ 33% interest in the Bafokeng Rasimone Platinum Mine joint venture (JV) for about R1.86-billion.
Amplats CFO resigns
Published: 21 Sep 18
Ian Botha has resigned as FD of Anglo American Platinum (Amplats), effective February 18, 2019. He will be relocating abroad to pursue other opportunities.   "On behalf of the Board and Anglo American Platinum, I would like to thank Ian for his commitment and diligence during his time at Amplats. He has made an immense contribution and played an instrumental part in repositioning the business during a period of continued economic uncertainty. We wish him well with his future endeavours,” CEO Chris Griffith said on Friday.
On-The-Air (21/09/2018) Has Audio
Published: 21 Sep 18
Japan is forecasting a massive market for fuel cells that use South African platinum; South African company Isondo this week reported that it is at the ready to produce fuel cell components locally; and Global commentators this week called on resource-rich African countries to use their wonderful mineral endowments to take their people out of poverty.
Wesizwe subsidiary institutes legal action, wants Maseve transaction declared unlawful
Published: 21 Sep 18
Wesizwe Platinum subsidiary Africa Wide Mineral Prospecting and Exploration has instituted legal action against TSX-listed Platinum Group Metals’ (PTM’s) wholly-owned South African subsidiary, as well as Royal Bafokeng Platinum (RBPlat), seeking to have the Maseve transaction declared unlawful. Both PTM and RBPlat confirmed receipt of the summons on Thursday.
Fuel cell parts manufacturer ready to commission plant
Published: 21 Sep 18
Fuel cell components manufacturer Isondo Precious Metals (IPM) hopes to commission its platinum-containing membrane electrode assembly (MEA) manufacturing plant in the upcoming months, pending the finalisation of the balance of funding. The state-of-the-art MEA manufacturing technology plant from Germany, arrived in the country during June 2018 and is currently in storage in Johannesburg. The MEA is the core component of a fuel cell.
Focus turns to nonexplosives-based rock breaking as quest for safer, more-efficient mining intensifies Focus turns to nonexplosives-based rock breaking as quest for safer, more-efficient mining intensifies
Published: 21 Sep 18
The South African mining industry, once the backbone of economic growth, intensive job creation and development, is declining constantly, owing to the slow rates of research and development into newer, safer, modernised, mechanised and continuous mining methods. A key pillar of improving mining efficiency and safety for personnel – as mining becomes deeper in search of orebodies – is using alternative rock-breaking methods to replace the legacy explosives-based methods.
Africa needs to invest in fuel cell technology
Published: 21 Sep 18
Countries are recognising the value and future impact that fuel cells and hydrogen technologies will provide. Now is the time for Africa to join this global movement and invest in the fuel cell future, says Washington-based global advocacy organisation Fuel Cell and Hydrogen Energy Association communications and outreach director Jennifer Gangi. “Fuel cells generate electricity using an electrochemical reaction – not combustion. Aside from being efficient, reliable and quiet, fuel cells are rugged, so they can be sited in harsh terrain, extreme climates and rural areas without infrastructure to generate power for buildings, communication and mission critical equipment.”
Manufacturer ready to commission plant
Published: 21 Sep 18
Fuel cell components manufacturer Isondo Precious Metals (IPM) hopes to commission its platinum-containing membrane electrode assembly (MEA) manufacturing plant in the upcoming months, pending the finalisation of the balance of funding. The state-of-the-art MEA manufacturing technology plant from Germany, arrived in the country during June 2018 and is currently in storage in Johannesburg. The MEA is the core component of a fuel cell.
R&D on clean coal technologies crucial in SA
Published: 21 Sep 18
The research and development (R&D) of clean coal technologies in South Africa is absolutely necessary, says Fossil Fuel Foundation director and recently retired Department of Science and Technology-National Research Foundation South African Research Chairs Initiative Clean Coal Technology chair Professor Rosemary Falcon. Clean coal technologies are a collection of technologies being developed to reduce the environmental impact of coal during production and in energy generation.
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