Anglo American Platinum

South Africa Iron Ore and Chrome Mining Industry - Increasing Demand for Chrome Ore, Due to Rising Ferrochrome Production in China - ResearchAndMarkets.com

Retrieved on: 
Tuesday, April 2, 2024
Machine Tools, Metalworking & Metallurgy, Rail, Mining, Minerals, Transport, Manufacturing, Natural Resources, Other Transport, Growth, Steel, Iron, Stainless steel, PGM, Anglo American Platinum, Platinum, Iron ore

Limited exports due to collapsing rail lines and ports used by chrome ore and iron ore mining companies.

Key Points: 
  • Limited exports due to collapsing rail lines and ports used by chrome ore and iron ore mining companies.
  • Increased demand for stainless steel should lead to growth in chrome ore demand and, consequently, higher chrome ore prices.
  • The rate of iron ore demand growth is expected to slow, and iron ore supply is forecast to grow at a faster rate than demand, leading to lower iron ore prices.
  • Iron Ore companies profiled include Kumba, Assmang, Afrimat, Ironveld Mining and Thabazimbi Iron Ore Mine.

Two Anglo American mines are first South African operations audited against the IRMA Standard for Responsible Mining

Retrieved on: 
Friday, February 16, 2024
Standard, Mining, Biodiversity, Learning, Public sector, Social responsibility, Safety, Attention, Water resources, Responsibility, Private sector, Anglo American Platinum, Self-assessment, Initiative, IRMA, Responsible mining, Audit

SEATTLE, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Today the Initiative for Responsible Mining (IRMA) released the audits of Anglo American’s Amandelbult and Mototolo PGM operations against the IRMA Standard for Responsible Mining. Independent audit firm ERM-CVS assessed Amandelbult at IRMA 50 and Mototolo at IRMA 75 when measuring their performance against the Standard’s best practice social and environmental criteria.

Key Points: 
  • Amandelbult and Mototolo achieve IRMA 50 and IRMA 75, respectively
    SEATTLE, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Today the Initiative for Responsible Mining (IRMA) released the audits of Anglo American’s Amandelbult and Mototolo PGM operations against the IRMA Standard for Responsible Mining.
  • IRMA also released the surveillance (interim) audit for Anglo’s Unki PGM operation in Zimbabwe, as conducted by audit firm SCS Global.
  • The full audit reports are available on the Amandelbult and Mototolo audit pages, as well as Unki’s surveillance report, on the IRMA website .
  • “This report demonstrates that mines can point to transparent, independent evaluations of their environmental and social performance,” said Aimee Boulanger, Executive Director of IRMA.

Advent Technologies Announces Appointment of Naiem Hussain as Chief Financial Officer

Retrieved on: 
Thursday, January 11, 2024
Environment, Technology, Engineering, Manufacturing, Alternative Energy, Sustainability, Green Technology, Energy, Batteries, Intelligent Energy, ICI, Specialization, Green, ADN, CFO, Fellow, Close Brothers Group, University of Oxford, Initial public offering, Johnson Matthey, Imperial College Innovations, Computational chemistry, Investment, AstraZeneca, Anglo American Platinum, Naim

Advent Technologies Holdings, Inc. (NASDAQ: ADN), an innovation-driven leader in the fuel cell and hydrogen technology space, announced today the appointment of Naiem Hussain as its new Chief Financial Officer pending the completion of the company’s hiring protocols.

Key Points: 
  • Advent Technologies Holdings, Inc. (NASDAQ: ADN), an innovation-driven leader in the fuel cell and hydrogen technology space, announced today the appointment of Naiem Hussain as its new Chief Financial Officer pending the completion of the company’s hiring protocols.
  • Formerly serving as Advent’s Chief Investment Officer, Mr. Hussain brings extensive expertise in corporate finance, with a focus on IPOs, fundraisings, and mergers and acquisitions within the energy technology and fuel cell industries.
  • Mr. Hussain is replacing Kevin Brackman, who resigned from his position on January 5, 2024.
  • In response to his appointment, Mr. Hussain stated, "I am thrilled to take on the role of CFO at Advent during this crucial phase for the Company.

Global Palladium Market Faces Challenges Amid Growing Demand and Supply Constraints - ResearchAndMarkets.com

Retrieved on: 
Tuesday, November 14, 2023
Natural Resources, Automotive Manufacturing, Manufacturing, Mining, Minerals, Research, Jewellery, Investment, Johnson Matthey, Platinum, Vale S.A., Palladium, Recycling, Dental, Biomedicine, Artificial intelligence, Machine learning, Electricity, Nanotechnology, Growth, Sibanye-Stillwater, Electronics, Anglo American Platinum, Norilsk Nickel

The global palladium market's supply is projected to reach 11.02 million ounces by 2028, growing at a CAGR of 3.17% during the forecast period from 2023 to 2028.

Key Points: 
  • The global palladium market's supply is projected to reach 11.02 million ounces by 2028, growing at a CAGR of 3.17% during the forecast period from 2023 to 2028.
  • The global palladium market is segmented as follows:
    By Supply: The market is divided into primary supply and secondary supply.
  • Challenges: Challenges facing the market include the growing preference for platinum in automotive catalytic converters, the rise of electric vehicles, geopolitical tensions, supply constraints, and issues like load shedding.
  • The global palladium market faces a complex landscape characterized by growing demand, supply constraints, and challenges posed by emerging technologies like electric vehicles.

Global Platinum International Analysis Report 2023: Anglo American Platinum Leads as EBITDA Leader, While Norilsk Nickel Dominates Revenue in PGM Production - ResearchAndMarkets.com

Retrieved on: 
Wednesday, September 13, 2023
Mining, Minerals, Natural Resources, Pressure, PGM, Anglo American Platinum, Ruthenium, Ford Ranger EV, ICE, Miner, Ford, Platinum, Palladium, EVS, EBITDA, Update, Iridium, Norilsk Nickel, African Rainbow Minerals, Rhodium, Fireworks, EV, Eskom

The "Platinum Letter International Volume 2: Sibanye-Stillwater Update, PGM Market Outlook, Companies Performance Comparisons, African Rainbow Minerals" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Platinum Letter International Volume 2: Sibanye-Stillwater Update, PGM Market Outlook, Companies Performance Comparisons, African Rainbow Minerals" report has been added to ResearchAndMarkets.com's offering.
  • Regarding PGM prices, the analyst also states that approximately 77% of the global platinum supply comes from South Africa and c.33% of the global palladium supply comes from there.
  • As a result of Eskom's load shedding, the 2023 PGM supply could disappoint by 10%-25%, leading to higher prices.
  • Currently, Anglo American Platinum is identified as the top, pure-play PGM producer in terms of EBITDA, while Norilsk Nickel holds the top spot in terms of revenue.

Wesdome Gold Mines Announces Appointment of Anthea Bath as President and CEO

Retrieved on: 
Monday, June 5, 2023
Intelligence, Interim, Anglo American Platinum, Marketing, Head, Innovation, Anglo American plc, Gold, WDO, Mining, Chairperson, TSX, Growth, Anthea, Independent Board for Presbyterian Foreign Missions, Platinum, Wesdome Gold Mines

TORONTO, June 05, 2023 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) is pleased to announce the appointment of Anthea Bath as President and Chief Executive Officer effective July 1, 2023.

Key Points: 
  • TORONTO, June 05, 2023 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) is pleased to announce the appointment of Anthea Bath as President and Chief Executive Officer effective July 1, 2023.
  • Warwick Morley-Jepson, Board Chair and Interim CEO, will continue his role as Interim CEO until Ms. Bath commences employment with the Company, and thereafter will resume his role as Independent Board Chair.
  • Ms. Bath commented, “I am very happy to accept the role of President and CEO with Wesdome.
  • Additionally, Wesdome has extremely exciting exploration potential at both assets, given their extensive land positions in what is considered to be Canada’s most prolific gold belts.

Ivanhoe Mines Strengthens Operations and Project Capabilities with Key Executive Appointments

Retrieved on: 
Tuesday, September 6, 2022
Amos, COVID-19, Safety, Commercial, DRC, John Wood Group, Democratic republic, Lead, Method, Construction management, SEDAR, Nickel, Executive Committee, Government, Sale, Platinum, EPCM, Annebel van der Knijff, Industry, Mining, Metso Outotec, Chief, Financial management, Executive, Zijin Mining, Germanium, News, Phase 3, African, Rhodium, Metallurgy, Technical report, Copper, TSX, Education, Filter, Congo, NI, Management, Lithium, Amusement arcade, Iron ore, Engineering, Finance, Anglo American Platinum, Ivanhoe Mines, Operation

Johannesburg, South Africa--(Newsfile Corp. - September 6, 2022) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President Marna Cloete announce today the appointment of Mr. Mark Farren and Mr. Steve Amos to Ivanhoe Mines from the company's Kamoa Copper Joint Venture in the Democratic Republic of the Congo (DRC).

Key Points: 
  • Mr. Farren worked at Ivanhoe Mines as Executive Vice President, Operations, between June 2014 and October 2019.
  • Mr. Amos returns to Ivanhoe Mines, effective immediately, as Executive Vice President, Projects, and will report to Mr. Farren.
  • Mr. Farren and Mr. Amos will continue to guide the delivery of the extensive Ivanhoe Mines project pipeline.
  • (L-R) Mark Farren, incoming Ivanhoe Mines COO; Steve Amos, Ivanhoe Mines Executive Vice President, Projects; and Wimpie Steyn, Kamoa Copper Risk Control Manager, holding some of Kamoa-Kakula's first copper concentrate in March 2021.

WPIC: Events in Q1'22 hit platinum supply harder than demand, with previous surplus forecast for 2022 reduced to 627 koz

Retrieved on: 
Monday, May 16, 2022
Risk, Koz, Anglo American Platinum, Plant, ETF, Petroleum, ACP, Gold, Platinum, Acceleration, Palladium, Omicron, WPIC, Growth, COVID, Hyundai ix35 FCEV, CEO, Jewellery, Oil, Renewable energy, European

During the quarter, both demand (-26%) and supply (-13%) fell year-on-year leaving the market in surplus of 167 koz.

Key Points: 
  • During the quarter, both demand (-26%) and supply (-13%) fell year-on-year leaving the market in surplus of 167 koz.
  • The surplus forecast for 2022has now been reduced to 627 koz, which is also notably down on the surplus in 2021 (1,128 koz).
  • Platinum mine supply in South Africa is forecast to decline 9% in 2022 (-421 koz) and is at risk of potential strike action related to three-yearly wage negotiations.
  • Overall global platinum jewellery demand declined by 9% (-42 koz) year-on-year in Q1'22, and is forecast to decline 2% (-37 koz) to 1,886 koz in 2022.

Unique platinum coins to be used at Wimbledon to mark Jubilee celebrations and Centre Court tennis centenary

Retrieved on: 
Tuesday, April 26, 2022
All England Lawn Tennis and Croquet Club, Platinum, Queen, Hyundai ix35 FCEV, AFC Wimbledon Ladies, WPIC, Championship, Platinum jubilee, Centre Court, Church Road Ground, Gold, Gentleman, Light, Disaster, Hydrogen, Technology, American Platinum Eagle, Anglo American Platinum, The Championships, Wimbledon, Wind, Multimedia, House, Ladies & Gentlemen: The Best of George Michael, View, Royal Badge of Wales, Speech, Jewellery, Palladium, Amusement arcade

The coins are being presented to The Championships by the World Platinum Investment Council (WPIC).

Key Points: 
  • The coins are being presented to The Championships by the World Platinum Investment Council (WPIC).
  • The reverse, 'tails', side of each coin is inscribed with the famous Wimbledon Roundel, as well as its centenary mark, specially designed for use in Centre Court's centenary year.
  • "As a global market authority on platinum investment, we are delighted to be able to showcase platinum in this way.
  • The WPIC's members are: Anglo American Platinum, Impala Platinum, Northam Platinum, Royal Bafokeng Platinum, Sedibelo Platinum and Tharisa.

Platinum surplus of 1,232 koz in 2021 forecast to reduce by 47% in 2022 as COVID-related and operational disruptions gradually settle

Retrieved on: 
Wednesday, March 9, 2022
Fed, IMF, 2020 stock market crash, 77, EFP, ETF, COVID, Maintenance, Petroleum, Anglo American Platinum, WPIC, Recycling, Platinum, Koz, Hyundai ix35 FCEV, Palladium, ACP, Acceleration, Glass, Growth, Overalls, Legislation, CEO, Travel, Renewable energy, Lithium, NYMEX

COVID-related factors and operational disruptions played out particularly during the second half of 2021, having a huge impact on both the supply of and demand for platinum.

Key Points: 
  • COVID-related factors and operational disruptions played out particularly during the second half of 2021, having a huge impact on both the supply of and demand for platinum.
  • As these issues normalise in 2022, this surplus is forecast to reduce by 47% in 2022 to 652 koz, as demand increases 7% (+520 koz), while supply declines 1% (-61 koz).
  • As a result, Q4'21 saw refined production jumping 30% (+392 koz) year-on-year, with the total supply for the year increasing 21% (+1,411 koz).
  • Healthy gains were seen in the industrial sector both in Q4'21 (+17%, +90 koz) and for the 2021 full year (+27%, +537 koz).