Goldman, BASF, HSBC and Standard Bank accused of front-running and spoof orders while in charge of the London PGM Fix since 1989.
Locals were protesting the imminent construction of Platreef platinum mine.
A simple rule of thumb is that price changes have a two-to-one impact on the bottom line, while cost changes have a one-to-one impact.
South Africa’s Department of Mineral Resources has finally approved the miner's Platreef platinum project.
Sources close to X2 Resources, Davis' new company, have cast doubts on reports that the firm had made an offer.
Analysts and some precious metals’ sellers tend to focus on the “insurance” aspect of owning precious metals. They point out that having some in your possession helps protect your wealth in case of inflation, political unrest, or for use as an “alternate currency” during a natural disaster, war, etc.
The affected company is Planetary Resources, the U.S.-based start-up aiming to mine asteroids.
Vancouver-based junior jumps 7% after assays from prospect on 3,600km2 coastal property returns strong copper-nickel-cobalt and platinum group results.
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.
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.
Experts don't expect gains to last for long.
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.
It has given 20% to 20 local groups, 3% to black entrepreneurs and managerial employees, and another 3% to historically disadvantaged South African staff.
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%.
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.
Experts claim ban is unlikely to have a significant impact on the country's coal consumption in the short term.
Still only 2% of global spending on infrastructure projects according to new report.
China produces 20 million vehicles a year and has to double the average palladium load to catch up with US emissions standards.
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