Commodity investing legend says the Chinese market is on its way to "finding a good bottom."
Palladium price drops 8% to five year low, crushing shares in only US PGM miner.
We're not in 2008 – plotting global economic growth against commodity prices shows metals and mining sell-off is disconnected from realities on the ground.
Canadian junior and mid-tier mining companies also raised 62% more capital in the second quarter than in 2014.
The price for the two assets could rise to $500m from $200m, depending on an eventual recovery of copper prices and the execution of an expansion plan for the Mantoverde mine.
In the last year, spot platinum prices have slumped by almost a third.
The country had introduced the levy on raw platinum exports in January, aiming to encourage local processing of the metal.
According to local newspaper El Mercurio, the unnamed fund is buying Anglo's Mantoverde and Mantos Blancos copper mines.
Estimated production of 42,000 ounces of PGMs in concentrate per annum.
Amid worst slump in over six years, ruling party of South Africa calls shaft closures and layoffs "unpatriotic" as unions gear up for another brutal fight.
“It is a pretty tough market,” said Chief Executive Mark Cutifani, “and in all likelihood the next six months are going to be even tougher.”
This would be second multi-billion dollar impairment charge Anglo takes this year on its coal and iron ore assets.
The Arkyd 3 Reflight (A3R) will spent its three-month orbiting mission sending back data to a group of scientists based at the firm’s headquarters in Redmond, WA.
It would be the first time since 2009 that Anglo has to cut dividends.
"I think in general the investor who are interested in a development stage company tend to be the same group of investors. But if they are looking for that allocation in PGMs, they don't have many options to look at outside of South Africa or Russia. It means there are small group of companies who are our peers."
Data showing South African production up 88% in May from a year ago pushes platinum to levels last seen in 2008 while palladium falls to 2-and-a-half year low.
Billions wiped from mining sector as gold, silver prices fall and copper, iron ore prices plummet to 2009 levels amid Chinese stock market collapse.
Cuts likely to be announced at the end of the month, when the miner is set to publish its first-half results.
Letter of intent signed with Orion Mine Finance
Palladium enters bear market and platinum hits fresh six-and-a-half year low on worries over Greek debt crisis.
PwC's John Gravelle on the mining industry's austerity drive, price realities and declining exploration spending.
The move may create a group of sellers that want to dispose of their holding, or it could open the door to a buyer, according to analysts.
One of the most frequent questions I get is regarding how and where asteroid mining will happen. As in golf, asteroid miners “will play it as it lays.”
I really don’t care if gold rises or falls, I just read the charts while some people get so emotionally attached.
Across history, human development has relied upon the finite resources available on Earth. But the moon – a seemingly barren rock – may actually be a treasure trove of rare resources vital to Earth’s future.
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