Platinum Group Metals News

Platinum group metals mining, investment and price news

Anglo American platinum names mines to be sold

Cecilia Jamasmie | July 21, 2014
Anglo American platinum names mines to be sold

The mines account for over half of the company's workforce but only a quarter of production.

Anglo American platinum production down 40% after S. Africa strike

Cecilia Jamasmie | July 17, 2014
Anglo American platinum production down 40% after S. Africa strike

Output from the rest of Anglo's diversified mining assets rose, but it wasn't enough to offset underperformance at its platinum mines.

Amplats expects severely lower profits after five-month strike

Cecilia Jamasmie | July 15, 2014
Amplats expects severely lower profits after five-month strike

The firm warned first-half profit may drop as much as 96%.

South African metal workers 'to escalate' strike

Cecilia Jamasmie | July 13, 2014
South African metal workers 'to escalate' strike

The National Union of Metalworkers in South Africa (NUMSA) has rejected the latest offer because it didn't include a double-digit wage increase for all three years.

A quiet steady week that sets us up for strong action now

Silver to 100 dollars

We didn’t see a lot of large moves.

Increased globalization comes with unique risks and challenges

info@mineralsmakelife.org | July 1, 2014
gold-plated iPhone5

The United States’ duplicative permitting process is a deterrent to investors.

Sibanye Gold mulling move into platinum industry by year-end

Cecilia Jamasmie | June 30, 2014
Sibanye Gold fine-tunes details for Anglo’s platinum assets buyout

South Africa’s top gold producer is said to be going ahead with plans to expand into the country’s platinum sector before the end of the year.

Anglo American goes ahead and puts platinum mines, other assets up for sale

Cecilia Jamasmie | June 30, 2014
Anglo American goes ahead and puts platinum mines, other assets up for sale

The firm is offloading some of its historic South African platinum mines as part of a $4bn sale of under-performing assets.

Hedge funds add record 61% to bullish gold bets

Frik Els | June 29, 2014
Hedge funds add record 61% to bullish gold bets

Smart money playing catchup after three weeks of gold price gains add record number of net long positions for the week to 12.1 million ounces.

Strike is over but platinum, palladium prices have plenty upside

Frik Els | June 28, 2014
Strike is over but platinum, palladium prices have plenty upside

New report says risks to supply remain substantial.

South Africa’s platinum miners to resume working

Cecilia Jamasmie | June 24, 2014
South Africa’s platinum miners to resume working

The three-year agreement ends the country's longest and costliest strike.

South African court rules gold miners not allowed to strike

Cecilia Jamasmie | June 23, 2014
South African court rules gold miners not allowed to strike

The union leading the five-month strike in the platinum sector take any industrial action affecting gold producers.

Platinum, palladium prices slide despite stalled strike deal

Frik Els | June 20, 2014
Platinum, palladium prices slide despite stalled strike deal

Palladium falls 2% while platinum retreats to pre-strike levels.

South Africa divided over controversial mineral law reforms

Cecilia Jamasmie | June 19, 2014
South Africa divided over controversial mineral law reforms

The country's ’s new mineral resources law, which is awaiting the President’s signature, faces growing opposition as the mines minister, industry and opposition seek review.

Anglo to sell platinum mines in South Africa next year— report

Cecilia Jamasmie | June 17, 2014
Anglo to sell platinum mines in South Africa next year— report

Deutsche Bank has put a $1.4 billion price tag on the operations.

South Africa teeters towards recession on labour dispute

The Northern Miner | June 15, 2014

The latest attempt to end South Africa’s 21-week platinum strike has failed, pushing the country towards a recession and increasing the odds the sector will be smaller and more mechanized when it eventually resumes operations.

Palladium price within striking distance of record high

Frik Els | June 10, 2014
Palladium price within striking distance of record high

A surge in ETF buying lights fire under palladium futures while platinum jumps past pre-strike levels .

Platinum, palladium price unmoved by strike talks failure

Frik Els | June 9, 2014
Platinum, palladium price unmoved by strike talks failure

South Africa's mines minister quits mediation role after latest negotiations to end more than 4-month old strike go nowhere.

Peter Schiff - Euro Pacific Precious Metals

The platinum supply shock

platinum-through-history

Even investors who typically eschew precious metals have been hard-pressed to ignore the platinum industry this year.

Platinum price correction underway as strike deal edges closer

Frik Els | June 4, 2014
Platinum correction underway as strike deal edge closer

South Africa's new mines minister sees agreement to end 4-month strike by end of the week.

CHARTS: Platinum, palladium ETF holdings jump to record highs

Frik Els | June 2, 2014
Platinum, palladium ETF holdings jump to record highs

South African strike negotiations on knife-edge after latest offer.

Nickel, palladium and platinum outperforming in 2014

Not all is bad in the metals sector.

South Africa reshuffles cabinet, names new mineral resources minister

Cecilia Jamasmie | May 26, 2014
South Africa reshuffles cabinet, names new mineral resources minister

Susan Shabangu, highly criticized for her handling of a strike in the platinum sector, was booted out from a cabinet that now includes South Africa's first black minister and a first openly gay official.

Flood of buying pushes Montana PGM miner to near 3-year high

Frik Els | May 21, 2014
Flood of buying pushes Montana PGM miner to near 3-year high

Billings-based Stillwater Mining shares are up 40% since the start of the year as platinum, palladium prices surge.

Palladium price hits fresh highs: record deficit predicted

Frik Els | May 21, 2014
Palladium price hits new high: record deficit predicted

Perfectly timed launch of palladium ETFs also play huge role in the PGM's 16% price jump in 2014 to within striking distance of all-time high.

Africa FDI at decade high

Ernst & Young | May 18, 2014
EY333

Foreign direct investment is shifting from extractive industries to consumer-related sectors according to new report.

More »