African Mining Week (AMW) to Spotlight Opportunities in South Africa's Platinum Group Metals (PGM) Market
As South Africa strengthens its position as the world's leading producer of PGM, the session will foster greater collaboration among industry stakeholders. Speakers are expected to address challenges and opportunities across the value chain, identifying strategies for accelerating production and consolidating the country's position as a major global supplier.
African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.
South Africa's PGM market offers significant opportunities for mining companies and investors. In May 2025, mining firm Ivanhoe Mines reached a significant milestone by driving underground development into the high-grade platinum, palladium, rhodium, nickel, gold and copper orebody at the Platreef Mine in Mokopane. First production at the project is targeted for Q4, 2025, followed by Phase 2 within two years after first production. The project, containing over 95 million tons of PGMs, aims to produce 450,000 ounces annually in Phase 2.
Meanwhile, Canada-based Platinum Group Metals Ltd. recently announced plans to raise $1.8 billion through a private placement to advance the Waterburg Project in South Africa. The project holds proven and probable reserves of 246.2 million tons of platinum, palladium, rhodium and hold at an average grade of 2.96 grams per ton. With aims to diversify its product portfolio and enhance revenue generation, mining Group Pelagic Resources launched the development of a new PGM concentrator at its Kookfontein Mine in February this year. Designed by exploration company Nuco Chrome in early 2024, the concentrator is currently in an advanced development stage and is expected to be commissioned in the first half of 2025.
Other major PGM developments in South Africa include the 40-million-ounce Bengwenyama Project by Southern Palladium, which completed a pre-feasibility study in October last year, confirming a 14% increase in PGM reserves. Meanwhile, Vanadium Resources Ltd. recently signed an agreement with China Energy Engineering International Group for the provision of engineering, procurement and construction services for the Steelpoortdrift Vanadium Project. The open pit mine and treatment facility will be developed for the exploitation of 680 million tons of vanadium resources in the Bushveld Complex. Additionally, Northam Platinum Holdings is reviving the Eland Mine Complex in the North West Province, with aims to increase PGM production from 100,000 ounces annually in 2025 to 180,000 ounces by 2028.
Amid this growth, AMW will serve as a key platform to unpack these developments and explore new strategies being implemented to attract investment and boost production. The event will bring together South African regulators, mining executives and global partners to shape the future of the country's PGM sector. Distributed by APO Group on behalf of Energy Capital&Power.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
2 hours ago
- Zawya
Morocco, Ecuador Reiterate Willingness to Further Bolster Bilateral Ties
The Kingdom of Morocco and the Republic of Ecuador reiterated on Friday in Rabat their mutual willingness to further strengthen the development of their bilateral relations. Following the meeting held between the Minister of Foreign Affairs, African Cooperation and Moroccan Expatriates, Mr. Nasser Bourita, and the Ecuadorian Minister of Foreign Affairs and Human Mobility, Mrs. Gabriela Sommerfeld, both parties underscored the outstanding bilateral ties of friendship and solidarity, and agreed on the importance of sustaining these exchanges and regularly reviewing them to further strengthen cooperation. The ministers stressed that International Law is fundamentally based on mutual respect for the territorial integrity, sovereignty, and independence of States, as well as on fulfilling obligations under treaties and other sources of international law. Bourita and Sommerfeld said they were pleased with the convergence of their views on regional and international issues and reiterated their commitment to working for global peace and security. They agreed to pool efforts to address global challenges within various international and multilateral bodies, such as climate change, gender issues, human rights, the blue and green agendas, food security, health, pandemic prevention and response, and combating insecurity and corruption. The two sides also tackled the significance of implementing the SDGs in an integrated and holistic manner to eradicate poverty and fight climate change while promoting sustainable land use and water management. During their meeting, the two ministers also exchanged views on regional and international issues, including the situations in Africa and Latin America, and the Israeli-Palestinian conflict. They reaffirmed the importance of people-to-people exchanges in strengthening mutual understanding, friendship, and cooperation in communication, culture, education, sports, arts, youth, civil society, and the economy. They also expressed their strong commitment to boosting investments through fluid commercial information exchange, promoting strategic alliances with the private sector, and actively supporting initiatives that facilitate and expand bilateral trade, in order to multiply business opportunities and explore the potential for diversified trade and investment between the two countries. The two parties explored collaborative prospects within various Atlantic cooperation initiatives. They also voiced their aspiration to make this space a geostrategic framework for dialogue, aimed at promoting development and ensuring security and solidarity, as well as bringing together the peoples of the Global South and North. Regarding migration, Morocco and Ecuador commended the efforts made in the area, especially within the framework of the Marrakesh Pact, the Rabat Process, and the Los Angeles Declaration, and reaffirmed their shared commitment to dynamic mobility that enables a safe, smooth, and orderly movement of people. The two officials also expressed their shared will to further strengthen the bilateral legal framework to address common areas of interest in cooperation. To this end, the ministers welcomed the signing of two legal instruments: a Memorandum of Understanding on diplomatic training and exchange of experiences between Morocco's Institute of Training, Research, and Diplomatic Studies (IMFRED) and the "Galo Plaza Lasso" Diplomatic Academy of the Ecuadorian Foreign Affairs Ministry; and a Memorandum of Understanding establishing a mechanism for bilateral political consultations. Distributed by APO Group on behalf of Kingdom of Morocco - Ministry of Foreign Affairs, African Cooperation and Moroccan Expatriates.
Zawya
3 hours ago
- Zawya
The Government of the Federal Democratic Republic of Ethiopia and the World Bank Sign USD 1 Billion Financing Agreement to Support Economic Reform and Inclusive Growth
The Government of Ethiopia and the World Bank have signed a Financing Agreement amounting to USD 1 billion under the Second Sustainable and Inclusive Growth Development Policy Operation (DPO) in a grant and concessional loan. This critical operation reflects the World Bank's continued commitment to supporting Ethiopia's bold and far-reaching reform agenda. The program aims to bolster recent government efforts to ensure financial sector stability, enhance trade competitiveness, strengthen domestic resource mobilization, promote transparent and effective public sector governance, and ensure the sustainability of social services, all of which are integral pillars of Ethiopia's macroeconomic and structural transformation. The Government of Ethiopia expresses its profound appreciation to the World Bank for its steadfast and constructive partnership in supporting reform priorities under the Homegrown Economic Reform Program. The support under this agreement underscores the strong and enduring collaboration between Ethiopia and the World Bank in pursuit of shared goals of inclusive and sustainable development. The Agreement was formally signed by H.E. Ato. Ahmed Shide, Minister of Finance, on behalf of the Federal Democratic Republic of Ethiopia, and Ms. Maryam Salim, World Bank Division Director for Ethiopia, Eritrea, Sudan, and South Sudan, on behalf of the World Bank Group. Distributed by APO Group on behalf of Ministry of Finance, Ethiopia.
Zawya
6 hours ago
- Zawya
VAALCO Energy Scales Up African Operations, Joins African Energy Week (AEW) 2025 as Platinum Partner
U.S. oil and gas company VAALCO Energy has begun refurbishing its FPSO facility at the Baobab field in Block CI-40, offshore Ivory Coast. The modernization is set to increase production beyond the current 2,891 barrels of oil equivalent per day and extend the field's economic life. A new drilling campaign is planned for 2026 to further develop both the Baobab field and the nearby Kossipo discovery. In addition, VAALCO farmed into Block CI-705 as operator in March 2025, reinforcing its long-term commitment to Ivory Coast's energy sector. In line with the African Energy Week: Invest in African Energies agenda – which centers on maximizing resource development to end energy poverty and drive industrial growth – VAALCO Energy is participating in the 2025 edition as a Platinum Partner. Held under the theme, Invest in African Energy: Positioning Africa as the Global Energy Champion , this year's event will spotlight the contributions of companies like VAALCO in unlocking the continent's estimated 125 billion barrels of crude oil and 620 trillion cubic feet of natural gas. With over 600 million people in Africa lacking access to reliable electricity and 900 million without clean cooking solutions, Africa's hydrocarbon resources remain critical to closing the energy access gap. Recognizing this, VAALCO is expanding its investments and footprint across key African markets. In Gabon, the company operates the Etame Marin block with a 58.8% working interest and is preparing to launch a new drilling campaign in Q3 2025. To support its efforts in both Gabon and Ivory Coast, VAALCO secured a $300 million revolving credit facility from Standard Bank of South Africa in March 2025. In Egypt, VAALCO brought five new wells online in 2025, boosting daily output and enhancing regional energy stability. The company also identified new reserves and a production zone during a Q4 2024 exploration campaign. Its Egyptian portfolio spans the Eastern Desert – including the West Gharib, West Bakr and North West Gharib concessions – as well as the South Ghazalat concession in the Western Desert. Meanwhile, in Equatorial Guinea, VAALCO is progressing toward FID for the Venus field development in Block P, with front-end engineering and design currently underway. Drilling is set to commence following FID, with first oil targeted for 2026. As the company scales up its operations across the continent, AEW: Invest in African Energies offers a strategic platform for VAALCO to engage with partners, investors, buyers and regulators and to solidify its role in advancing Africa's industrialization. 'VAALCO Energy's growing footprint across Africa speaks to the vast opportunities available on the continent. Their commitment to investing in infrastructure, boosting production and supporting local economies aligns perfectly with our mission to position Africa as a global energy frontier,' states Tomás Gerbasio, VP of Commercial and Strategic Engagement, African Energy Chamber. Distributed by APO Group on behalf of African Energy Chamber. About African Energy Week: AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event.
