Zimbabwe has attracted intense interest from miners with a promise of favourable terms as it seeks to reboot its economy after veteran leader Robert Mugabe was ousted last year.
Palladium Mining News
The Bystrinsky project is now expected to produce 25,000-31,000 tonnes of copper and 90,000-110,000 ounces of gold in concentrate in 2018.
Price surges nearly 5% to three-year high over worries that top producer Norilsk could befall the same fate as aluminum giant Rusal.
But rally didn't last long.
Palladium's 20 percent fall from its January record high has put the metal in bear market territory.
Uncertainty around the Mining Charter and ownership levels have deterred investment in a sector that accounts for 8% of the country's economic output.
Emissions scrubbing in vehicles accounts for over 40% of platinum demand, and landmark ruling will hasten demise of engine technology.
The ownership dispute is part of a long-running battle for control of Nornickel, a $33 billion mining company.
Company became the latest top miner to report soaring profits, hefty dividends and lighter debt burden.
The New-York based fund argues an overhaul could add more than $22 billion in value for shareholders and wants BHP to conduct an independent study.
Nornickel, a $33 billion mining company, competes with Brazil's Vale SA for the rank of the world's top nickel producer.
New report says "deals in lithium, copper and cobalt are expected to feature high on the agenda of management teams across the industry."
Three billionaires faced off in London court on Friday in a conflict triggered by Roman Abramovich’s desire to sell his stake in MMC Norilsk Nickel PJSC.
Platinum demand fell nearly 7 percent last year, with sharp falls seen in Japanese investment and Chinese jewellery buying as well as a slowdown in consumption by carmakers, who use the metal in catalytic converters.
The world's leading palladium producer is planning a joint venture with Russian Platinum.
Cyril Ramaphosa isn’t even president yet and mining companies are already changing their tune on South Africa.
Increased automotive industry demand and a supply shortage boosted the price of palladium to an all-time high of $1,138.00 on Jan 15
With metals from zinc to palladium trading at multi-year highs, four of the world’s top producers generated combined free cash flow last year of about $87 million a day.
Bankers, brokers, refiners and researchers in the London Bullion Market Association's 2018 survey sees gold as high as $1,510 and as low as $1,120 an ounce.
Norilsk Nickel said its production of palladium could decline in 2018, while output of nickel from Russian raw material would remain flat.
Focus on platinum-palladium prices and ratios over the past 48 years.
The company beat expectations on Thursday with a 5% increase in 2017 production.
"The best is yet to come, but not just yet. Patience," Sharps Pixley's CEO says.
Data obtained from the Arkyd-6 will be use in the development of the Arkyd-301, Planetary Resources next spacecraft platform and the beginning of its space resource exploration program.
“A lot of investors were really badly burned, ourselves included.”