Platinum Group Metals News

Platinum group metals mining, investment and price news

Platinum, palladium prices pounded again

Frik Els | June 17, 2015
Platinum, palladium prices pounded again

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

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

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.

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

Western Areas cosmos Glencore

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.

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