Platinum Group Metals Mining News

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.

Some think not too soon for Anglo obituary

Anglo-American perceived as "the most likely of the diversified mining majors to go bust" even if it "goes down fighting".

In January this guy launches a hedge fund to invest in metals

Orion's Oskar Lewnowski: "For a long time, metals were driven by financial flows... With those guys out, we are back to fundamentals."

Anglo American to cut 85,000 jobs, dividend and assets in sweeping restructuring

The job cuts, part of a major overhaul, are far greater than the 53,000 positions the miner said it would cut in July.

Anglo American set to announce dividend cut next week

One of the miner’s worst kept secret may be revealed as soon as Tuesday.

Obama boosts asteroid mining, signs law granting rights to own space riches

While the law lets citizens mine, sell and own riches mined in space, it does not grant sovereignty, ownership, exclusive rights or jurisdiction over any celestial body.

Platinum, palladium prices break fall

Platinum remains at record discount to gold.

Anglo American shares close at lowest in 16 years on HSBC note

HSBC downgraded the company to 'reduce' from 'hold' and highlighted that Anglo's precarious cash flow situation may force it to cancel its dividend.

Lonmin investors approve key $407m rights issue

The move will allow the platinum miner to restructure its debt and, it hopes, weather an ongoing decline of platinum prices.