Platinum Group Metals News

Platinum group metals mining, investment and price news

US Congress passes bill on space mining

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

Welcome to the future.

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.

Platinum price at 6-week high on deficit predictions

Frik Els | May 18, 2015
Platinum price at 6-week high on deficit predictions

New report highlights falling mine supply outside of Southern Africa and increased jewelry demand from China.

Giving up on iron ore best option for Anglo American — Investec

Cecilia Jamasmie | May 13, 2015
Giving up on iron ore best option for Anglo American — Investec

The bank says Anglo could use the funds it gets for dividends and to invest in its much stronger sectors, copper and diamonds.

Protester shot dead in third day of unrest at S. Africa’s mine

Cecilia Jamasmie | May 13, 2015
Protester shot dead in second day of unrest at S. Africa’s mine

The incident happened when South African police allegedly clashed with protesters near Atlatsa Resources’s Bokoni platinum mine.

Here's the ad that is upsetting the union at Stillwater Mining

Michael Allan McCrae | April 27, 2015
stillwater mining union talks labor

Stillwater Mining Company TV Spot "Generations" With contract talks underway, Stillwater Mining is running a TV spot that the union says overstates their take home pay. At the 17 second spot, there is a graphic that shows average worker pay …

Asteroid miner puts first demonstration spaceship in orbit

Cecilia Jamasmie | April 15, 2015
Asteroid miner puts first demonstration spaceship in orbit

The Arkyd 3 Reflight (A3R) will spent three month in orbit trying to identify subsystems to explore and prospect for valuable resources on asteroids.

Quebec mining fund ready to pull trigger on $1bn investments

Frik Els | April 8, 2015
Quebec fund ready to pull trigger on $1bn mine investments

Quebec's $1 billion Capital Mines Hydrocarbures fund is close to buying equity stakes in mining projects outside iron ore worth as much as $200m a shot.

Frik Els

Mining private equity: It's Davis or bust?

Frik Els | March 25, 2015
Mining private equity: It's Davis or bust?

Until Mick Davis pulls the trigger on X2's $5.6 billion, wishful thinking and unhealthy skepticism will pervade talk around private equity and mining.

Mickey Fulp - Mercenary Geologist

The US dollar is simply the best of all evils

Mining in 2015: Nickel price promises much

The greenback is increasingly viewed as a safe haven, and I expect it to go even higher in 2015.

Downtrend remains in control

goldup-platinumdown

I am always optimistic in my views and look for the best outcome but I am not blinded by it.

South Africa drops out of top 10 in Africa for mining investment

Frik Els | February 24, 2015
South Africa drops out of top 10 in Africa for mining investment

Namibia and Botswana top the latest mining investment attractiveness index for the continent and move into top 25 worldwide.

Chile’s Codelco likely to buy Anglo’s unwanted copper assets — report

Cecilia Jamasmie | February 22, 2015
Chile’s Codelco likely to buy Anglo’s unwanted copper assets — report

Anglo’s assets up for grabs include three mines and a smelter valued at $1 billion.

Large platinum group metals claim reported in Peru

PR Newswire | February 16, 2015
Large platinum broup metals claim reported in Peru - Gabby_RioSol_geologist and geochemist

Today the company announces the next strategic claim it is bringing to market – an approximately 39 square kilometer claim located 70-75 kilometers from Cusco and potentially the first gabbroic PGM claim in Peru or South America that includes platinum and palladium.

ZNA muscles in on rich platinum deal

The Standard | February 15, 2015

Zimbabwe National Army has won a bitter struggle with the Ministry of Mines and Mining Development for the control of a lucrative $4.8-billion platinum mine.

Anglo American's big write-down

Michael Allan McCrae | February 13, 2015
minas rio anglo american write down brazil

Minas Rio.

The Fed president who owns the most gold

Michael Allan McCrae | February 11, 2015
federal_reserve

Platinum and uranium, too.

Consensus forecast 2015 gold price average: DOWN

Frik Els | January 29, 2015
Consensus forecast 2015 gold price average: down again

Of 35 analysts polled by the London Bullion Market Association Ross Norman of Sharps Pixley is most bullish at $1,321, but 5 others see a dip below $1,000.

Mining M&A: Private equity can't run away fast enough

Frik Els | January 29, 2015
Mining M&A: Private equity can't run away fast enough

The smart money is waiting for fire sale prices before jumping into metals and mining. Or worse; has simply lost interest in the sector.

Anglo American mulls sale of more coal mines in Australia

Cecilia Jamasmie | January 23, 2015
Anglo American mulls sale of more coal mines in Australia

The operations that may be added to the list of assets for sale are Dawson and Foxleigh, in Queensland.

Anglo hit by platinum, iron ore units lower earnings outlooks

Cecilia Jamasmie | January 23, 2015
Anglo hit by platinum, iron ore units lower earnings outlooks

The miner shed over 3.7% after two of its business divisions — Amplats and Kumba — warned they expected full-year earnings to shrink more than previously flagged.

Ivanhoe Mines excoriates Globe and Mail over Platreef report

Cecilia Jamasmie | January 12, 2015
Ivanhoe Mines backlashes report on its Platreef platinum mine

Article implies that the company engaged in illicit practices to obtain the necessary permits for its Platreef mine in South Africa.

Wife of Ivanhoe Mines CEO charged after throwing a water bottle at a flight attendant

Andrew Topf | January 11, 2015
Plane window view

Ivanhoe Mines  (TSE:IVN) received a bit of unwanted publicity on Sunday when it was revealed that the wife of CEO Lars-Eric Johansson is facing criminal charges for throwing a water bottle at a flight attendant on an Air Canada flight.

Platinum, palladium prices in 2015: Start your engines

Frik Els | January 8, 2015
Platinum, palladium prices in 2015: Start your engines

The stars will again align for a rise in PGM prices in 2015, but all bets are off if… Putin.

Mickey Fulp - Mercenary Geologist

Dollars and gold revisited

Mickey Fulp - Mercenary Geologist | December 28, 2014
gold leaning mickey fulp

Monetization of treasury bonds to the tune of $300 billion will not be nearly enough to solve our country’s financial problems.

Anglo American Platinum offered $385 million for stake in Bokoni mine

Cecilia Jamasmie | December 17, 2014
Anglo American Platinum offered $385 million for stake in Bokoni mine

The potential buyer — community-owned firm Baroka Tribal Mining— will also acquire Amplats' 22.5% percent indirect stake in its joint venture partner, Atlatsa Resources.

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