Platinum Group Metals Mining News

Mining exploration spending drops to 11-year low

Miners and explorers are only spending a third of what they did four years ago – and proportion of greenfield exploration are at record lows.

Toyota's new technology a blow for platinum, palladium price

World's top carmaker says first vehicles using new catalyst technology that reduces PGM loads by 20% will leave assembly line later this year.

Anglo American not selling assets any more as it returns to profit

The world's number five diversified miner posted its first annual net profit in five years.

These 10 companies spend most looking for gold, copper

Majors and juniors swap roles in $7 billion a year mining exploration sector

These are just 15 ways in which graphene could reshape the world

Everybody seems to love Graphene, the one-atom-thick sheets of carbon that aren't just super flexible, harder than diamond, and stronger than steel, but are also able to conduct electricity better than copper.

CHART: Mining rally continues into 2017

Seaborne coal, tin prices are the big exceptions.

South African judge clears path for Ivanhoe Mines’ Platreef mine development

Judge revoked an interim order that prevented the company from relocating graves present at its Platreef platinum group metals mine, in Limpopo Province.

Moon Express ready for first private lunar trip after raising another $20M

The private space exploration firm has enough money to hit the moon by the end of 2017.

South Africa blames AngloGold, Sibanye of refusing to comply with safety laws

Mines minister Mosebenzi Zwane noted that 19 of the 73 miners who died in South Africa last year lost their lives at operations run by those companies.

Copper takes some shine off Anglo American’s results

The miner reported broadly higher output in the fourth quarter across all divisions, except for copper, which suffered from lower grades and strikes.

Palladium price surges to 22-month high

Years of underinvestment in top producer South Africa affecting supply.

Sibanye $2.2bn acquisition of Stillwater passes antitrust conditions

Takeover would make of Sibanye Gold the world's third largest palladium producer and fourth biggest platinum group metals miner.

Private capital rotating into mining and metals

Private capital funds raised $2.1 billion for mining and metals investment in 2016 – this year 13 funds are targeting $10 billion says new study.

CHART: China's economy growing fastest since 2013

Turnaround in GDP expansion in world's top commodity consumer over the past few months "almost as sharp as in 2009" says new study.

Without China global mining would be smaller than in 2000

TABLE: China's copper demand grew 11-fold in 15 years – the rest of the world shrunk. Sans China, the nickel market would've barely broken a million tonnes.

Emissions laws will drive record increases in global platinum production to 2020 — report

Global platinum mine or metal content in ore production is set to rise from 6.4 million ounces in 2015 to 6.7 million ounces by 2020, representing compound annual growth rate (CAGR) of 1.7%, according to the latest report from research and consulting firm GlobalData.

Chinese tax breaks do nothing for palladium price

Down $110 in December.

Applying soft-rock mining concepts in hard-rock mining

CAT launched a fully mechanized longwall system for continuous mining of flat and tabular deposits.

Sibanye Gold expands platinum assets by buying Stillwater in $2.2bn deal

Together with reducing Sibanye’s dependence on its aging South African assets, the deal will make the company the world's third largest palladium producer, the company said.

Big drop in South Africa platinum output

The African nation produces some 70% of the globe's platinum.

Anglo American about to make key decision on South African assets sale

While the miner is not longer being pressed to include its platinum assets in the divestment plan, the issue of how to package mines and which ones to include, remains a bone of contention.

Palladium price rally may be overdone

Ample above ground stocks, rising mine supply could dampen prospects for 2016 best performing precious metal.

Trump's impact on metals and mining in one chart

Interactive: Donald Trump's victory has created winners and (huge) losers for the mining industry.

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.