Platinum Group Metals News

Platinum group metals mining, investment and price news

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.

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.

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