Platinum Group Metals Mining News

Miners spending again: $50 billion capex in five months

Confidence returns to mining sector as announced capital outlays surge to $108 billion – greenfield project spending up three-fold in first quarter.

Anglo shareholders revolt against Cutifani’s $4.9 million pay

Full voting results will be released on Friday.

Canadians to develop space mining tool

Deltion Innovations aims to design a drill that would prospect for water, ice and resources on the moon and beyond.

Slowing China tops global executive fears for the first time

March survey by McKinsey sees China trumping geopolitical instability, leadership change, terrorism, refugees and euro break-up as risks to global economy.

The end of the global diversified miner?

New report predicts mining's majors will increasingly move away from diversification strategies to concentrate on competitiveness in certain core sectors.

These bacteria can help you find rich platinum deposits

Fresh research shows a new role for bacteria in cycling platinum group metals in soils and sediments, offering a better understanding of how to search for them.

Platinum market to record 5th deficit in a row this year

Mining supply returns to pre-strike level but recycling falls.

These are the assets Anglo American is kicking to the curb

The miner is completely exiting coal and selling several assets, to focus only on copper, diamonds and platinum.

Luxembourg joins race to conquer space mining

The move comes only three months after U.S. President Barack Obama signed a space exploitation law.

Anglo American risks eviction from FTSE 100

FTSE 100 reweighting to take place in March.

Sibanye Gold shopping for new mines, possibly including base metals

The gold miner is expanding its portfolio to platinum, coal and uranium, as it also mulls an incursion in the base metals sector.

Anglo American may fully exit Brazil — report

The company is said to be wanting to offload its Barro Alto nickel mine and the vast Minas-Rio iron ore complex.

Anglo American shares rally on iron ore output hike, cost-cutting measures

The besieged miner plans to lower costs at its iron ore mines after boosting total annual output for the steelmaking ingredient.

Anglo American and Lonmin heap pain on South African mining with 9,000 job cuts

Embattled miners have cut jobs in the face of plunging commodity prices, putting pressure on the South African government

Hedge funds in major commodities rethink

Silver attracts buyers, gold price lifted out of historic net short positioning as large futures speculators cut overall bearish bets on commodities by 74%.

Oil, Asian stocks rout deepen miners wounds

Miners suffering fresh sell-off as oil price falls and the IMF lowers growth forecast for China, rattling investors.

One small step for mining's new frontier

Once a figment of science fiction films, the sometimes risky notion of mining in space may soon become a reality if asteroid miners have their way.

Platinum, palladium bear brunt of brutal 2016

Platinum hits record discount against gold price and palladium already down 16% in 2016, despite record setting global auto sales.

Anglo American officially out of the Middle East

The miner has finally completed the sale of assets from its Tarmac joint venture to a subsidiary of French engineering and construction group Bouygues.

Worst year for US mining jobs since 1986

12 straight months of losses see 129,000 positions eliminated, the deepest jobs cuts in 29 years and the third worst annual decline since 1939.

Asteroid miner 3D-prints spacecraft prototype with alien metal

What Planetary Resources' 3D-printed model so impressive is the fact that it’s made entirely out of metal that’s not from Earth.

Anglo American teeters on the brink

Fresh selloff brings year loss to 80%. Outside metal prices rebounding (aka divine intervention) and barring extending a begging bowl, what will save Anglo?

Mining in 2016: Six reasons to be cheerful

No 3: "The return of inflation could revive demand for hedges including commodities, with gold in particular likely to benefit."

You're too bearish on China growth

Beijing has very ambitious 2020 growth targets. A new survey finds Chinese executives are much more confident than the rest of the world about hitting them.

2015: Twilight of the Supercycle

A look back at mining and metals in 2015 through MINING.com's most popular stories of the year.