Platinum Group Metals Mining News

Rand sinks platinum, palladium prices

Weakening currency supplies fatter margins for South African mines responsible for nearly three-quarters of global platinum production.

Anglo Platinum sells resources to Northam Platinum for $72 million

The company remains confident the sale of its Rustenburg mines in South Africa to Sibanye Gold will clear its last regulatory hurdle before the end of the year.

INFOGRAPHIC: The facts and figures that make space mining real

While many still see space mining as science fiction, global recruitment expert Fircroft has compiled data that proves it feasible.

CHART: Despite unnerving gold price fall, mining rally's intact

While met coal is clearly the star performer, thermal coal is probably the biggest upset – seaborne prices have jumped 65% in 2016 to above $80 a tonne.

No rapid rebound for African mining

Despite continued investment in copper assets on the continent from China and India hunting for coal mines.

Will Anglo stick to radical restructuring plans?

A credit upgrade, a rocketing share price and rally in coal and iron ore call into question downsizing strategy of world's number five miner.

Copper, platinum key to future of auto industry, mining financier says

The current lithium frenzy will end badly while gold bugs should look at the riper opportunities available in copper and platinum, according to mining financier Robert Friedland.

Flashback Friday: The world's scariest mining chart

One year ago the most popular post at examined how much longer the bear market in mining would last – compare and contrast.

Platinum market could face shortage: PwC 

Chronic underinvestment in platinum mines has exacerbated supply crunch.

Despite problems SA still represents half sub-Sahara mining

Value of South Africa's mining industry forecast to contract 11.4% in 2016, followed by years of close to zero growth according to new report.

Space mining absolutely viable — NASA expert

The main challenge for mining near-Earth celestial bodies is neither technology nor cost, but simply “convincing people it is realistic,” says Dr. Phil Metzger.

Platinum price boost as top producer shuts down smelter

Anglo American Platinum forced to stockpile concentrate and shut down smelter in South Africa responsible for one fifth of its refined platinum output.

South African mining output falls sharply

PGMs down nearly 10% and manganese production down 24%.

NASA’s latest mission may tell us whether asteroid mining is really a go

OSIRIS-REx will collect samples from an asteroid and return them to Earth, in what it could be a pivotal step for firms currently planning to tap into the space mining business.

Platinum, palladium prices pop as pay talks peter out

South African labour union that led a bruising 20-week strike in 2014 declares dispute with top producers over 50% wage hike demands.

Anglo's top shareholder to call vote on assets sale plan

South Africa's Public Investment Corporation (PIC), which owns 14.5% of Anglo, believes the mining giant may not realize the full value of its assets.

Sibanye logs steep rise in half-year profit, mulls platinum mines future

The miner said it was is currently assessing the operational and financial situation of its platinum division, which may require "remedial action".

Four China charts to turn you into a mining bull

And one that's ultra-bearish.

Hedge funds up bullish platinum, palladium bets near record

Large scale futures speculators and PGM investors in physically-backed exchange traded funds are taking wildly different views of the outlook for the metals.

Anglo's top shareholder could reduce it to diamond-only miner

South Africa's state pension fund is pushing Anglo to spin off all its assets in the country, including the miner's coveted platinum mines.

Draft bill says list in Harare if you want to mine in Zimbabwe

None of the foreign-owned platinum miners operating in the world's number three producer of the precious metal is listed on the Zimbabwe Stock Exchange.

South Africa output topples platinum, palladium prices

PGM prices plunge after data show country's mines responsible for 70% of global production are humming and local currency revenues are hitting records.

Asteroid miner Deep Space to launch first commercial mission by 2020

The mission's goal is to map a target asteroid, looking for deposits of water and other resources with visible and infrared cameras.

This is what a broad-based metals and mining rally looks like

CHART: The gold price may grab headlines, but coal's rally comes as a shocker – thermal prices are up 22% in 2016 and coking coal's back in triple digits.