Global platinum production is expected to recover by 21.9% in 2021 after a steep decline in 2020, says GlobalData. The leading data and analytics company notes that recovery in the automotive and jewelry sectors has led to a rise in demand for platinum production, which will reach 6.03 million ounces (moz).
Heraeus, one of the world’s largest recyclers of reforming catalyst, has opened a new facility in India to recover precious metals from spent petroleum catalysts. The new site in Udaipur/Rajasthan will be operated by the German-Indian joint venture “Ravindra Heraeus” and will offer India’s petrochemical industry more capacity and state-of-the-art technology to recycle Platinum and Palladium in the country.
Ivanhoe Mines (TSX: IVN) today announced its financial results for the year ended December 31, 2015.
Total of US$530 million in cash and future payment to be available to Ivanhoe Mines to advance its tier one copper, platinum and zinc projects
PolyMet Mining Corp. TSX: POM; NYSE MKT: PLM reported that the NorthMet Final Environmental Impact Statement has been completed and will be posted to the Minnesota Department of Natural Resources. The Final EIS demonstrates that PolyMet can mine and process copper, nickel and platinum group metals in a manner that complies with the law, protects the environment and creates hundreds of high-paying jobs in northern Minnesota while creating value for shareholders.
- Q3 2015 production increased by 2% (on a copper equivalent basis) compared to Q3 2014 and by 3% compared to Q2 2015.
- Iron ore production from Kumba decreased by 12% to 11.4 million tonnes due to a temporary lack of sufficient exposed high quality ore for blending purposes at Sishen and adjustments to the mine plan and schedule as it transitions to the lower cost pit configuration.
- Minas-Rio produced 2.9 million tonnes (wet basis) of iron ore, a 60% increase compared to Q2 2015, reflecting the ongoing ramp up of the operation.
- Export metallurgical coal production increased by 8% to 5.5 million tonnes, driven by productivity improvements at Grasstree, which more than offset the loss of production from Peace River Coal being placed on care and maintenance in December 2014.
30+ Year Mine Life Project outlined with Hydro Power Potential
Executive Chairman Robert Friedland today announced the appointment of Livia Mahler as a non-executive, independent member of the company's Board of Directors, effective immediately. Ms. Mahler's appointment increases the number of directors to 10.
Zijin Mining to invest approximately C$105 million to help advance Ivanhoe's three mine-development projects in southern Africa
Ivanhoe Mines Executive Chairman Robert Friedland and Chief Executive Officer Lars-Eric Johansson announced that the total workforce engaged on development of the company's Platreef Project on the Bushveld's Northern Limb, in Limpopo province, now exceeds 650 men and women. More than 500 of the jobs, representing 78% of the total workforce, are held by residents of the local Mokopane area.
Lonmin Plc, one of the world's largest primary Platinum producers, publishes its Final Results for the year ended 30 September 2014.
Anglo American Platinum Limited's announced its results for the six months ended 30 June 2014. Anglo American Platinum Limited reported headline earnings of R157 million.