Now a $2 billion stock, Stillwater Mining gaps higher again on Monday as South Africa-Russian supply picture darkens.
CEO Mark Cutifani said the Rustenburg operations were no longer considered one of the company’s core assets.
Palladium breaks through $800 to two-and-a-half year high as lease rates double and ETFs attract 270,000oz in two weeks.
What works well for gold may work for PGM, too.
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.
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.
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.
The new law also lets the state to acquire an unspecified additional share at an “agreed price,” among other debated changes.
The first contest in a series of many, kicks off on March 17.
Tuesday’s apparent softening of the union position was not enough to keep negotiations open.
They still want monthly entry wages to start at US$1,200, more than double current levels.
Platinum, palladium prices unmoved as South African strike enters second month.
Space Agency in search of potential business partners as US government denies further funding.
Planetary Resources' Chief Engineer Chris Lewicki spoke with MINING.com about his company's plans to mine in space.
Despite the miner returned to profitability last year, it is now facing a strike at its processing plants.
Miners have been stockpiling, Nymex inventories are at a a decade high and scrap supply is forecast to rise sharply.
Exploration and evaluation expenditure for Q4 2013 totalled $166 million, a decrease of 19%.
Researcher see usage in portable electronics in as soon as three years.
A bad week for markets as Thursday and Friday saw heavy heavy selling and we have now broken a very bearish pattern.
Platinum belt already paralyzed.
Labour action would halt production at the world's top three platinum producers.
First spacecraft to land in a comet wakes up from 10 years of hibernation.
Selected names will be etched on a microchip aboard the spacecraft headed to the asteroid Bennu in only two years.
Mars One, a Dutch non-profit mission to build the first human settlement on Mars, said only 24 will be sent.
Without financing the company said it is uncertain that it will "remain an ongoing concern."
It took a FOIA.
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