• 5 minutes Covid-19 logarithmic growth
  • 8 minutes Why Trump Is Right to Re-Open the Economy
  • 12 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 14 minutes China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 40 mins WE have a suicidal player in the energy industry
  • 6 hours Washington doctor removed from his post, over covid
  • 5 hours Shale Legs
  • 2 hours TRUMP pushing Hydroxychloroquine + Zpak therapy forward despite FDA conservative approach. As he reasons, "What have we got to lose ?"
  • 54 mins How to Create a Pandemic
  • 1 hour The Most Annoying Person You Have Encountered During Lockdown
  • 1 hour Real Death Toll In CCP Virus May Be 12X Official Toll
  • 6 hours Which producers will shut in first?
  • 3 mins Saudi Aramco struggling to raise money for this year's dividend of $75 billion. Now trying to sell their pipelines for $10 billion.
  • 4 hours KSA taking Missiles from ?
  • 10 hours Trump eyes massive expulsion of suspected Chinese spies
  • 13 hours Did Trump start the oil price war?
Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Premium Content

The New Tech Transforming The Platinum Industry

There is upheaval in the platinum space right now, with big fluctuations in the South African rand threatening to take down prices across the platinum group metals complex.

That trend kicked off when the South African government fired its finance minister last week. A move that caused an 11 percent fall in the rand against the dollar since March 26 — and has potentially deflated the U.S. dollar cost base for South Africa’s platinum miners.

And now, it looks like an even more disruptive wave may be breaking on the platinum sector.

That’s a new processing technology unveiled by mining fund Pallinghurst Resources, with the group saying the new tech is almost ready for primetime — and that it will shake the foundations for costs in the platinum sector.

Pallinghurst’s CEO Arné Frandsen announced that a bankable feasibility study has been completed on the “Kell Platinum Beneficiation Technology”. A new way to treat platinum ores, which uses a chemically-based leach process to replace traditional refining and smelting.

The idea of alternative processing for platinum isn’t new, with a number of alternative techniques proposed over the years to replace high-cost smelting in the industry.

But none of those made it through the rigours of a full feasibility study — which has reportedly taken Pallinghurst five years to complete. With the fund saying that two pilot plants have been running using the tech, with “no fatal flaws in the process.”

Pallinghurst said it now plans to deploy the Kell technology commercially, at its Sedibelo mine in South Africa. And the results from this final step could be game-changing for the industry — with the group forecasting the technology will cut electricity used in processing by a full 80 percent. Related: Deepwater Will Soon Challenge Shale

That would mean dramatically lower operating costs. And that’s not the only cost saving — with Pallinghurst also saying the capital costs of the Kell processing units are one-tenth that of a normal platinum smelter/refinery.

If those claims are true — which the roll-out at the Sedibelo mine will soon demonstrate — it would absolutely crush the cost curve for South African and global platinum production. Miners would be profitable at much lower prices than we’re seeing today, potentially leading to deflation in platinum and palladium.

It’s not a given yet, but this is a development everyone in precious metals should be watching. Keep an eye out for a timeline from Pallinghurst on first results from the commercial tests.

Here’s to something completely different,

By Dave Forest

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage






Leave a comment
  • John Scior on April 04 2017 said:
    Fan of Monty eh ?

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News