While the law lets citizens mine, sell and own riches mined in space, it does not grant sovereignty, ownership, exclusive rights or jurisdiction over any celestial body.
Platinum remains at record discount to gold.
Unless demand picks up or more miners cut output, prices for raw materials are set to stay low for years, or worse, continue to drop, the investment bank predicts.
Year to date gold is one of the better performers, but rhodium comes off worst.
CHARTS: South Africans can't liquidate ETF holdings fast enough, sending platinum to fresh 7-year low and palladium down 20% within only two weeks.
Until now, there was no legislature clarifying issues such as whether resources mined from celestial bodies could be sold on Earth.
Learn in today's infographic how the "Industrial Internet", or the convergence of the global industrial sector with big data and the internet of things, is ushering in a new age of efficiency in mining.
Consulting engineering company, SRK, raised the risk that South Africa's platinum firms may start to run short of water next year if the country's drought persisted.
With these agreements in place, the Company has initiated the second phase of its 2015 exploration drill program at Wellgreen and expects to undertake a comprehensive metallurgical testing program starting in Q1 2016.
In 2011, during the peak of the so-called “mining boom”, the sector was worth nearly US$2.5 trillion.
This week Volkswagen stopped selling diesel vehicles in Europe while top producer Anglo American announced a 14% surge in output.
Commodity Sentiment Index shows it's always coldest before the dawn.
All you need to know about mining and metals and the role the sector plays in key industries of the global economy in one simple table.
Platinum price up 14% in two weeks gets further boost as Toyota unveils big push into fuel cell cars where PGM loadings are typically 7 times higher.
"There'll always be investors wanting to get in early, but the junior market would only really start to benefit once majors instil investor confidence."
After the best week for commodity prices in more than three years, sentiment towards metals and mining may finally be turning.
New report on top 100 junior mining companies says "waiting it out no longer a viable strategy"
Northam Platinum has finalized the R450 million (Can$43 million) acquisition of Everest Mining assets now that it has received the approval of South Africa's Department of Mineral Resources. Northam's CEO Paul Dunne lauded the deal. "With Everest now being part …
Platinum price drop below $900 not good news for gold price either.
The Swiss competition commission is investigating seven large banks for manipulating precious metals prices.
Up more than 10% since Volkswagen's emissions admission.
World's largest automaker would actually need to buy more platinum to scrub emissions, but for now investors believe the scandal will hurt the whole sector.
Worries over China's growth and its impact on commodity prices prompted broker downgrades for some of the industry’s biggest names.
The company filed a preliminary economic assessment in the spring.
With the Yuan devaluation, interest rate hikes, and stock market volatility, Eric Coffin explores what commodities merit your investment dollars.
Supply for the year, however, is expected to increase by 9% to 7.91 million ounces, owing to the recovery in the country’s output following strikes in 2014, as well as increased platinum recycling.
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