Platinum Group Metals Mining News

White Metal acquires 100% interest in Ontario palladium-platinum project

The Seagull Lake property is 90 kilometres north of Thunder Bay, Ontario, Canada, and consists of 133 claim cells totalling approximately 2,128 hectares.

Platinum price: S. Africa output jump will push oversupply to 6-year high

Even though demand for the precious metal is growing for first time since 2015.

Platinum miners win reprieve as South Africa strike delayed

The threat of disruption has helped boost platinum and palladium prices this week.

South Africa mining strike to spread to at least 15 firms — Minerals Council

Firms to be affected include AngloGold Ashanti, Harmony Gold, Anglo American Platinum and Lonmin.

Mining stocks rally as copper price hits 7-month high

BHP, Anglo American touch one-year highs.

How South African mines cope with power cuts

The utility gives the industry notice to reduce their power consumption by 15–20% when the national grid is at its tightest.

Operational risks and safety must be a top agenda in mining

A gap in engagement between company leaders and front-line workers is critical to preventing and mitigating risks.

Anglo American rides out iron ore hitches in strong 2018

Copper production reached a five-year high, more than offsetting output declines at Minas Rio in Brazil and Kumba in South Africa.

Pimco favors 'unloved' platinum that's looking cheap to gold

Platinum could be the dark horse among precious metals, according to a money manager at Pacific Investment Management Co.

The palladium play – part 1

Palladium is close to becoming the most “precious” of precious metals

Human activity creates 208 new mineral species

Study shows mining has sparked "unparalleled inorganic compound diversification" like rabbittite at Lucky Strike, Utah and a handful found on smelter walls

NA Palladium signs development contract with Redpath

The expansion will double the capacity of the mine and mill to 12,000 t/d from 6,000 t/d.

How to maximize platinum's efficiency in fuel cells

Scientists say the new process could help ease the transition from conventional internal combustion engines to fuel cell vehicles without disrupting the platinum supply chain.

Platinum price gets $6 billion shot in the arm

But short term pain will persist.

Anglo ending 2018 on high note, predicts higher output, lower costs

The diversified miner anticipates 2018 production to be 2% ahead of previous guidance and costs to be 5% below.

DRDGOLD begins first phase of Far West tailings project

The South African miner is kicking off this week its Far West gold recoveries project in Gauteng with the pumping of reclaimed tailings into the carbon-in-leach circuit, just four months into construction of the first phase.

S. Africa competition tribunal OKs Sibanye acquisition of Lonmin

Deal would create the world’s No.2 platinum producer.

Lonmin workers ask South African tribunal to stop merger with Sibanye

If approved, merger would create the world’s No.2 platinum producer as Lonmin is the world’s third-largest while Sibanye-Stillwater is the fourth.

Gold miner Sibanye's profit plunges after fatal accidents hit output

Shares in Sibanye-Stillwater hit a monthly low on Thursday, down 13.28 percent.

Lonmin in $200m loan deal with state-backed Chinese company

Under the deal, Lonmin will repay most of the loan by delivering platinum and palladium over a three year period to a subsidiary of Jiangxi Copper, China’s largest copper producer.

Dollar shortage "short-term problem" for miners in Zimbabwe – minister

Dollar shortages are creating the risk of some mines shutting down, while investors calling for the removal of foreign exchange restrictions.

Sibanye -Stillwater, Lonmin still committed to merger after competition watchdog decision

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.

South Africa imposes tough conditions on Sibanye-Lonmin deal

The transaction would create the world’s No.2 platinum producer as Lonmin is the world’s third-largest while Sibanye-Stillwater is the fourth.

Top platinum mines keep digging even as price at decade low

Although about half of South African output is estimated to be unprofitable, few companies are reducing production by a meaningful amount.

South Africa's Implats CEO confident of funding during restructuring

Implats is confident of having adequate cash while restructuring its operations and cutting its workforce despite reporting a wider full-year loss.