Platinum Group Metals News

Platinum group metals mining, investment and price news

Only US platinum, palladium producer on massive tear

Frik Els | April 14, 2014
Only US platinum, palladium producer on massive tear

Now a $2 billion stock, Stillwater Mining gaps higher again on Monday as South Africa-Russian supply picture darkens.

Anglo gives fresh signs it wants to offload platinum mines

Cecilia Jamasmie | April 14, 2014
Anglo gives fresh signs of looking to offload its platinum mines

CEO Mark Cutifani said the Rustenburg operations were no longer considered one of the company’s core assets.

The big palladium rally is finally under way

Frik Els | April 11, 2014
Palladium breaks through $800

Palladium breaks through $800 to two-and-a-half year high as lease rates double and ETFs attract 270,000oz in two weeks.

Sibayne Gold may pick up SA platinum mines from distressed miners

Michael Allan McCrae | April 6, 2014
sibanye gold distressed platinum feat

What works well for gold may work for PGM, too.

Anglo American considers closing platinum mines in South Africa

Cecilia Jamasmie | April 2, 2014
Anglo American considers closing platinum mines in S. Africa

The now three-month strike over pay in the country's platinum belt has forced Amplats to declare a force majeure on a long list of suppliers.

Lonmin management told to take leave as platinum strike goes on

Cecilia Jamasmie | March 26, 2014
Lonmin management told to take leave as platinum strike goes on

Earlier this month the company said it would not hit its sales guidance of 750,000 ounces of platinum annually, as it has already lost 90,000 ounces since the strike began.

South Africa platinum strike damage irreversible, losses close to $1bn

Cecilia Jamasmie | March 25, 2014
South Africa platinum strike damage irreversible, losses close to $1bn

Platinum miners said the financial cost of the strike doesn’t really tell the full story, as the real victims are those suffering from hunger, lack of businesses and increased violence on the streets.

South Africa approves law that gives state a 20% of oil, mining firms

Cecilia Jamasmie | March 12, 2014
South Africa approves law that gives state a 20% stake in oil, mining firms

The new law also lets the state to acquire an unspecified additional share at an “agreed price,” among other debated changes.

NASA is offering $35,000 in awards to asteroid hunters

Cecilia Jamasmie | March 10, 2014
NASA is offering $35,000 in awards to asteroid hunters

The first contest in a series of many, kicks off on March 17.

South Africa platinum talks to end 6-week strike break down

Cecilia Jamasmie | March 5, 2014
South Africa platinum talks to end 6-week strike break down

Tuesday’s apparent softening of the union position was not enough to keep negotiations open.

South African platinum miners review wage demands, will march in Pretoria as strike, talks, go on

Cecilia Jamasmie | March 4, 2014
South African platinum miners review wage demands, will march in Pretoria as strike, talks, go on

They still want monthly entry wages to start at US$1,200, more than double current levels.

Strikers vow to fight on as platinum price goes soft

Frik Els | February 22, 2014
Platinum strikers vow to fight on even as metal price goes soft

Platinum, palladium prices unmoved as South African strike enters second month.

NASA begins accepting applications from privates to mine the Moon

Cecilia Jamasmie | February 10, 2014
NASA begins accepting applications from privates to mine the moon

Space Agency in search of potential business partners as US government denies further funding.

VIDEO: Prospecting in space is just a few short years away, according to Planetary Resources

Ana Komnenic | February 9, 2014
Asteroid mining sooner than we think, according to Planetary Resources

Planetary Resources' Chief Engineer Chris Lewicki spoke with MINING.com about his company's plans to mine in space.

Amplats to slash 1,400 jobs, warns fresh strike could lead to more

Cecilia Jamasmie | February 3, 2014
Anglo American considers closing platinum mines in S. Africa

Despite the miner returned to profitability last year, it is now facing a strike at its processing plants.

Why the strikes are doing nothing for the platinum price

Frik Els | January 30, 2014
Platinum strikers vow to fight on even as metal price goes soft

Miners have been stockpiling, Nymex inventories are at a a decade high and scrap supply is forecast to rise sharply.

Anglo American up 5 pct after production gains

Michael Allan McCrae | January 29, 2014
anglo american up feat

Exploration and evaluation expenditure for Q4 2013 totalled $166 million, a decrease of 19%.

Sugar battery runs better without lithium, platinum

Virginia Tech | January 28, 2014
zhang sugar battery

Researcher see usage in portable electronics in as soon as three years.

The safety of gold

safety first

A bad week for markets as Thursday and Friday saw heavy heavy selling and we have now broken a very bearish pattern.

Gold strike in South Africa on hold pending court ruling

Cecilia Jamasmie | January 23, 2014
Gold strike in South Africa on hold pending court ruling

Platinum belt already paralyzed.

Mining strikes coming to S. Africa may cause permanent damage to industry

Cecilia Jamasmie | January 21, 2014
South Africa platinum talks to end 6-week strike break down

Labour action would halt production at the world's top three platinum producers.

VIDEO: Rosetta comet-chasing spacecraft wakes up

Cecilia Jamasmie | January 20, 2014
VIDEO: Rosetta comet-chasing spacecraft wakes up

First spacecraft to land in a comet wakes up from 10 years of hibernation.

NASA wants your name in its first asteroid mission, leaving in 2016

Cecilia Jamasmie | January 17, 2014
NASA wants your name in its first asteroid mission, leaving in 2016

Selected names will be etched on a microchip aboard the spacecraft headed to the asteroid Bennu in only two years.

About 1,000 shortlisted for one-way trip to Mars

Cecilia Jamasmie | January 2, 2014
About 1,000 shortlisted for one-way trip to Mars

Mars One, a Dutch non-profit mission to build the first human settlement on Mars, said only 24 will be sent.

Sandstorm reviewing its investment in cash-starved Colossus Minerals

Michael Allan McCrae | December 6, 2013
colossus minerals dewatering

Without financing the company said it is uncertain that it will "remain an ongoing concern."

The $1 trillion platinum coin was not so far fetched an idea

Michael Allan McCrae | December 3, 2013
trillion dollar coin platinum

It took a FOIA.

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