Platinum Group Metals Mining News

New $264m Zimbabwe platinum mine to last 34 years 

Completing the $264-million mine will boost the platinum reserves of Zimplats from 3 million to 9 million ounces.

CHART: Mining capex decline set to continue

Global miners have been cutting spending on new projects and expansions since 2012.

Platinum deficit will shrink this year

For those hoping for a strong uptick in the price of the precious metal, the World Platinum Investment Council does not offer reason to be sanguine.

Canada’s Quebec launches online tool to help suppliers win up to $50bn in contracts

Platform aims to help local suppliers bid for contacts related to the Plan Nord, a provincial initiative to invest about $1.3 billion in infrastructure and other projects over the next five years.

CHART: Trump $500 billion will do very little for global mining

Even if the US president-elect's massive infrastructure build-out plan makes it through Congress intact.

Lonmin ups stake in Pandora platinum mine

Consolidation in South African's platinum mining sector continued on Friday with Lonmin's decision to buy Amplats' stake in the Pandora platinum mine.

Luxembourg shoots for the stars, invests $28 million in Planetary Resources

The funding, which includes direct investment and grants, aims to help the asteroid mining company launch its first commercial prospecting mission by 2020.

Equity markets all but closed for mining IPOs

Miners have to look at debt, private investors and alternative financing like pre-pays for growth capital according to new report.

Anglo American plots £2bn South African mines spin-off

Anglo American is sounding out investors about a multi-billion pound spin-off of its South African operations in an attempt to pacifiy growing pressure from its biggest shareholder to consider a radical break-up.

How to mine the side of the highway for platinum

First you need to screen for rubber, gravel, cement dust and cigarette butts.

Anglo American soars on positive production report

Shares were up more than 5% after the firm posted higher output across all divisions, except for copper, and said market conditions for its diamond business had improved.

Mining robots key to colonizing Mars — Elon Musk

He envisions people living in big glass-carbon fiber domes on the surface, with additional areas mined out below the surface by robots for "industrial" uses.

South African union reaches tentative wage deals with platinum trio

AMCU has been demanding pay hikes of more than 50% for its lowest paid members and a 15% hike for its higher paid members.

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 MINING.com 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.