Platinum Group Metals News

Platinum group metals mining, investment and price news

Jim Rogers: Commodity bull market hasn't gone away

Frik Els | August 26, 2015
Jim Rogers: Commodity bull market hasn't gone away

Commodity investing legend says the Chinese market is on its way to "finding a good bottom."

Stillwater plunges as palladium price is decimated

Frik Els | August 25, 2015
Palladium price decimated

Palladium price drops 8% to five year low, crushing shares in only US PGM miner.

Frik Els

CHART: Stop panicking about China and mining

Frik Els | August 24, 2015
GRAPH: Stop panicking about China and mining

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 mining stocks outperform metals prices

Frik Els | August 24, 2015
Canadian mining stocks outperform metals prices

Canadian junior and mid-tier mining companies also raised 62% more capital in the second quarter than in 2014.

Anglo American sells copper mines in Chile to UK investment firm

Cecilia Jamasmie | August 24, 2015
Anglo American sells copper mines in Chile to UK investment firm

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.

Stillwater lays off 119 workers

Michael Allan McCrae | August 18, 2015
stillwater mining lays off 119 employees platinum palladium

In the last year, spot platinum prices have slumped by almost a third.

Zimbabwe platinum export tax shelved for now

Cecilia Jamasmie | August 10, 2015
Zimbabwe platinum export tax shelved for now

The country had introduced the levy on raw platinum exports in January, aiming to encourage local processing of the metal.

British investment fund to buy Anglo’s mines in Chile

Cecilia Jamasmie | August 9, 2015
British investment fund to buy Anglo’s mines in Chile

According to local newspaper El Mercurio, the unnamed fund is buying Anglo's Mantoverde and Mantos Blancos copper mines.

Jubilee Platinum secures $5.03 million for tailings project

Michael Allan McCrae | August 5, 2015
goldup-platinumdown

Estimated production of 42,000 ounces of PGMs in concentrate per annum.

Platinum price: New round of industrial action

Frik Els | July 30, 2015
Platinum price: New round of industrial action

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.

Anglo American to axe 53,000 jobs, put 15 assets up for sale

Cecilia Jamasmie | July 24, 2015
Anglo American to axe 53,000 jobs, put 15 assets up for sale

“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.”

Anglo American to write down up to $4bn on weak commodity prices

Cecilia Jamasmie | July 16, 2015
Anglo American to write down up to $4bn on weak commodity prices

This would be second multi-billion dollar impairment charge Anglo takes this year on its coal and iron ore assets.

Planetary Resources' first spacecraft begins testing asteroid prospecting technology

Cecilia Jamasmie | July 16, 2015
Planetary Resources' first spacecraft begins testing asteroid prospecting technology

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.

Anglo American likely to cut dividend amid commodities collapse

Cecilia Jamasmie | July 15, 2015
Anglo American likely to cut dividend amid commodities collapse

It would be the first time since 2009 that Anglo has to cut dividends.

Wellgreen Platinum's above ground advantage

Michael Allan McCrae | July 14, 2015
greg johnson ceo wellgreen platinum

"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."

Platinum, palladium price drop accelerates

Frik Els | July 9, 2015
Platinum, palladium price drop accelerates

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.

China panic crushes mining stocks

Frik Els | July 7, 2015
China panic crushes mining stocks

Billions wiped from mining sector as gold, silver prices fall and copper, iron ore prices plummet to 2009 levels amid Chinese stock market collapse.

Anglo American laying off up to 20% of its staff as investors press for further savings

Cecilia Jamasmie | July 2, 2015
Anglo American laying off up to 20% of its staff as investors press for further savings

Cuts likely to be announced at the end of the month, when the miner is set to publish its first-half results.

Royal Nickel announces C$12 million royalty and private equity financing

Royal Nickel Corporation | June 29, 2015

Letter of intent signed with Orion Mine Finance

Platinum, palladium prices pounded again

Frik Els | June 17, 2015
Palladium price decimated

Palladium enters bear market and platinum hits fresh six-and-a-half year low on worries over Greek debt crisis.

Mining industry inertia will come at a price

Frik Els | June 16, 2015
Mining industry inertia will come at a price

PwC's John Gravelle on the mining industry's austerity drive, price realities and declining exploration spending.

Lonmin shares collapse as Glencore completes stake divestment

Cecilia Jamasmie | June 11, 2015
Lonmin shares collapse as Glencore completes stake divestment

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.

Safe and efficient asteroid mining

Planetary Resources, Inc. | June 3, 2015

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.”

Charts say metals still have further to fall

ny-stock-exchange-with-flag-333

I really don’t care if gold rises or falls, I just read the charts while some people get so emotionally attached.

INFOGRAPHIC: Lunar gold rush — How moon mining could work

911Metallurgist | May 28, 2015

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.

US Congress passes bill on space mining

Cecilia Jamasmie | May 22, 2015
US Congress passes bill on space mining

Welcome to the future.

More »