Platinum Group Metals News

Platinum group metals mining, investment and price news

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.

UK company sells gold, silver refineries after 162 years

Frik Els | December 15, 2014
UK company sells gold, silver refineries after 162 years

Johnson Matthey sells refineries in US and Canada to metal recycler for $184 million in cash.

Vietnam’s emerging nickel-sulphide district

Frik Els | December 9, 2014
Vietnam’s emerging nickel-sulphide district

Asian Mineral Resources blazes a trail in South East Asia.

Precious metals firm is Britain’s most admired company

Frik Els | December 3, 2014
Precious metals firm is Britain’s most admired company

200-year old Johnson Matthey refines precious metals, manufactures autocatalysts and produces the platinum group metals industry's most watched research.

Meet South Africa’s 'gold slaves'

Equal Times | December 2, 2014
Over 200 miners trapped underground in illegal South African mine

Illegal gold excavation and scrapping, worth about six billion rands per year (about US$550 million), is today the lifeblood of Johannesburg’s informal economy.

Price fixing lawsuits come to platinum, palladium market

Frik Els | November 26, 2014
Platinum, palladium price-setting technology ‘optimum’ for gold: LME

Goldman, BASF, HSBC and Standard Bank accused of front-running and spoof orders while in charge of the London PGM Fix since 1989.

Police and protestors clash at Ivanhoe mine in South Africa

Cecilia Jamasmie | November 26, 2014
Police and protestors clash at Ivanhoe mine in South Africa

Locals were protesting the imminent construction of Platreef platinum mine.

Ivanhoe OK to build one of world’s biggest platinum mines

Cecilia Jamasmie | November 5, 2014
Ivanhoe ok to begin building one of world’s biggest platinum mines

South Africa’s Department of Mineral Resources has finally approved the miner's Platreef platinum project.

Mick the Miner in talks to buy Anglo’s assets, no deal tabled

Cecilia Jamasmie | November 3, 2014
Mick the Miner in talks to buy Anglo’s assets, no deal tabled

Sources close to X2 Resources, Davis' new company, have cast doubts on reports that the firm had made an offer.

Anglo American ships first iron ore from Brazilian Minas-Rio project

Cecilia Jamasmie | October 27, 2014
Anglo American ships first iron ore from Brazilian Minas-Rio project

Once again Cutifani delivers — freight from Minas-Rio leaves for China by year-end and within the latest estimated budget.

Greenland explorer tearing it up after assays

Frik Els | October 21, 2014
Greenland explorer tearing it up after assays

Vancouver-based junior jumps 7% after assays from prospect on 3,600km2 coastal property returns strong copper-nickel-cobalt and platinum group results.

Hundreds strike at Glencore’s coal mine in South Africa

Cecilia Jamasmie | October 20, 2014
Hundreds strike at Glencore’s coal mine in South Africa

Workers downed tools Friday after talks over the structuring of packages for employees who face lay offs hit a roadblock.

Platinum, palladium price-setting technology ‘optimum’ for gold: LME

Cecilia Jamasmie | October 17, 2014
Platinum, palladium price-setting technology ‘optimum’ for gold: LME

The LME says its electronic solution for the platinum and palladium price — LMEbullion — could benefit gold bugs.

Mick Davis has now almost $5 billion to build new mining empire

Cecilia Jamasmie | October 15, 2014
Mick Davis has now almost $5 billion to build new mining empire

The former Xstrata boss' new venture, X2 Resources, is "currently reviewing a number of opportunities in the metals and mining sector."

South Africa considers declaring certain minerals as strategic

Reuters | October 14, 2014

Under the bill, such minerals "will be sold for production costs excluding transportation. That is the mine-gate price.

Wesizwe has BEE plan if Govt. wants increase

Miningmx: Headline News | October 13, 2014

Wesizwe Platinum said it had an empowerment plan if required by government to lift its BEE holding to beyond the current 13%.

Cutifani says tough decisions needed to restore credibility

Cecilia Jamasmie | October 8, 2014
Cutifani says tough decisions needed to restore credibility

Anglo's chief warned the company plans to take severe measures over the next two years.

September precious metal price meltdown

Frik Els | September 30, 2014
Monster rally for gold stocks

Fresh selling sees gold price end September down 6% vs historical average gain of 3%, silver tanks 13%, platinum drops 9% and palladium collapses 15% over the course of the month.

INFOGRAPHIC: A year's extraction of metal shown next to landmarks and cities

Visual Capitalist | September 25, 2014
A years extraction InfoGraphic Penn2

For thousands of years of development as a species, humans never really needed to understand the real meaning behind big, unreachable numbers such as billions or trillions.

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