Platinum Group Metals News

Platinum group metals mining, investment and price news

Platinum price: New round of industrial action

Frik Els | July 30, 2015
Platinum price: New round of industrial action

Amid worst slump in over six years, ruling party of South Africa calls shaft closures and layoffs "unpatriotic" as unions gear up for another brutal fight.

Anglo American to axe 53,000 jobs, put 15 assets up for sale

Cecilia Jamasmie | July 24, 2015
Anglo American to axe 53,000 jobs, put 15 assets up for sale

“It is a pretty tough market,” said Chief Executive Mark Cutifani, “and in all likelihood the next six months are going to be even tougher.”

Anglo American to write down up to $4bn on weak commodity prices

Cecilia Jamasmie | July 16, 2015
Anglo American to write down up to $4bn on weak commodity prices

This would be second multi-billion dollar impairment charge Anglo takes this year on its coal and iron ore assets.

Planetary Resources' first spacecraft begins testing asteroid prospecting technology

Cecilia Jamasmie | July 16, 2015
Planetary Resources' first spacecraft begins testing asteroid prospecting technology

The Arkyd 3 Reflight (A3R) will spent its three-month orbiting mission sending back data to a group of scientists based at the firm’s headquarters in Redmond, WA.

Anglo American likely to cut dividend amid commodities collapse

Cecilia Jamasmie | July 15, 2015
Anglo American likely to cut dividend amid commodities collapse

It would be the first time since 2009 that Anglo has to cut dividends.

Wellgreen Platinum's above ground advantage

Michael Allan McCrae | July 14, 2015
greg johnson ceo wellgreen platinum

"I think in general the investor who are interested in a development stage company tend to be the same group of investors. But if they are looking for that allocation in PGMs, they don't have many options to look at outside of South Africa or Russia. It means there are small group of companies who are our peers."

Platinum, palladium price drop accelerates

Frik Els | July 9, 2015
Platinum, palladium price drop accelerates

Data showing South African production up 88% in May from a year ago pushes platinum to levels last seen in 2008 while palladium falls to 2-and-a-half year low.

China panic crushes mining stocks

Frik Els | July 7, 2015
China panic crushes mining stocks

Billions wiped from mining sector as gold, silver prices fall and copper, iron ore prices plummet to 2009 levels amid Chinese stock market collapse.

Anglo American laying off up to 20% of its staff as investors press for further savings

Cecilia Jamasmie | July 2, 2015
Anglo American laying off up to 20% of its staff as investors press for further savings

Cuts likely to be announced at the end of the month, when the miner is set to publish its first-half results.

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

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.

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.

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