Nornickel’s current capex plan includes $6.5-7.5 billion for its base investment programme and $2.5 billion for its environmental programme.
Palladium Mining News
Palladium prices are shattering record highs.
Adjusted net earnings were $35 million, a 49% drop from $67 million in net earnings in the third quarter of 2017.
Michael Rowley, president and CEO of Group Ten Metals Inc. interview with Maurice Jackson.
Yet, capital expenditure for the sector recovered from the lowest levels in ten years to reflect a 19% increase.
Sibanye and Lonmin said in a joint statement they remained fully committed to the deal, which is expected to close by the end of the year.
The original sale of the stake was disputed in a London court by aluminium producer Rusal, which owns a stake in Nornickel.
Drilling at new projects up 57% as spending on gold exploration reaches 21-year high.
Unlike US space agency NASA, Luxembourg Space Agency (LSA) will not carry out research or launches. Its purpose is to boost exploration, mining and commercial utilization of resources extracted from near earth objects.
Lonmin has been the biggest casualty in South Africa's platinum mining industry.
Over the past six months, platinum’s price has continued its multi-year decline, falling below $800 – close to its lowest level in a decade.
Manganese X Energy now wants a taste of the cobalt market.
Kremlin aide Andrei Belousov said on Friday he would like major Russian firms to invest in social projects rather than pay higher taxes.
Advancing a nickel-copper-PGE sulphide deposits and gold in Western Australia.
Price for scarce precious metal rhodium is up 270% in two years.
The Canadian streaming firm has bought all of Stillwater's gold production for the life of the mine and, initially, also 4.5% of its total palladium output.
Canadian researches came to such conclusion after spending years examining waterbodies located within five kilometres of abandoned mine sites.
Streaming deal involves production from Sibanye's Stillwater and East Boulder mines, located in Montana.
Uncertainty around the charter has deterred investment into a sector that accounts for 8 percent of gross domestic product in the world's top platinum producer.
“China’s buoyant mood is giving way to concerns around tightening credit and a slowing manufacturing sector."
Amid the warnings, copper was listed as the top pick after palladium.
Platinum prices drops 5% on Monday to lowest since July 2004 as US–Europe car trade spat adds to precious metal's woes.
China is the world's biggest car market and produces only a fraction of the platinum and palladium it consumes.
It gives the company access to 23,903 hectares of land in the country Great Dyke, which has a potential for 96 million ounces of platinum and palladium.
Researchers at the University of Notre Dame invented a new class of molecules whose shape and size enable them to capture and contain precious metal ions.