Once again Cutifani delivers — freight from Minas-Rio leaves for China by year-end and within the latest estimated budget.
Vancouver-based junior jumps 7% after assays from prospect on 3,600km2 coastal property returns strong copper-nickel-cobalt and platinum group results.
Workers downed tools Friday after talks over the structuring of packages for employees who face lay offs hit a roadblock.
The LME says its electronic solution for the platinum and palladium price — LMEbullion — could benefit gold bugs.
The former Xstrata boss' new venture, X2 Resources, is "currently reviewing a number of opportunities in the metals and mining sector."
Under the bill, such minerals "will be sold for production costs excluding transportation. That is the mine-gate price.
Wesizwe Platinum said it had an empowerment plan if required by government to lift its BEE holding to beyond the current 13%.
Anglo's chief warned the company plans to take severe measures over the next two years.
Fresh selling sees gold price end September down 6% vs historical average gain of 3%, silver tanks 13%, platinum drops 9% and palladium collapses 15% over the course of the month.
For thousands of years of development as a species, humans never really needed to understand the real meaning behind big, unreachable numbers such as billions or trillions.
Countercyclical investors sitting on $8 billion unspent funds have been waiting for clear signs of a market bottom. The wait may well be over.
The ironic thing is that futures speculators fantastic Q2 2013 gold-downside bet hasn’t worked very well since then.
A big corporate break-up à la BHP Billiton is definitively not in his books, he told FT.com.
There's a history there of course. Just ask Mick Davis.
Palladium drops sharply from 13-year highs. Sister metal platinum close to wiping out 2014 gains.
But platinum slide continues despite Ukraine escalation.
Capital raising for exploration up more than 32%.
Gold and silver have value as hedges against a devaluation of the dollar, while platinum is viewed as an industrial commodity.
Supply fears have pushed prices higher, but industry worries are shifting to softening demand.
It hit $900 a troy ounce for the first time since 2001.
The rebooting of its Kusasalethu mine provides a stark warning for those banking on South Africa's platinum sector making a swift recovery.
Still only 2% of global spending on infrastructure projects according to new report.
Write-downs also hurt bottom line, yet production robust.
China produces 20 million vehicles a year and has to double the average palladium load to catch up with US emissions standards.
Better access to US minerals would encourage manufacturers to return.
The mines account for over half of the company's workforce but only a quarter of production.
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