Platinum Group Metals Mining News

Biggest Africa investor goes to London for Lonmin decision

South Africa’s Public Investment Corp. faces a tough choice: back Sibanye Gold’s takeover of Lonmin, and take a hit on its investment, or scupper the deal and risk having to pony up more cash for the platinum miner.

South African court clears way for Sibanye’s acquisition of Lonmin

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.

Army puts backers off multibillion-dollar Zimbabwe platinum mine

A plan to build Zimbabwe’s biggest platinum mine at a cost of about $4 billion is floundering because a military stake in the project has deterred potential backers.

Noront chooses Sault Ste. Marie for site of production facility

Noront owns or has interests in several projects in Ontario’s Ring of Fire.

Transition Metals optimistic after running MT survey at platinum-palladium project in Ontario

As a result of the survey, 235 hectares in 11 new claims were added to the northern portion of the Saturday Night project.

Sibanye-Stillwater in good financial, political position to negotiate wages – report

Despite its fraught relationship with with the Association of Mineworkers and Construction Union, experts say recent developments play in favour of the company.

Cobalt, uranium and silver prices expected to rally in 2019

But the iron ore price surge won't last says new survey of commodity analysts.

$6 billion private capital ready to invest in mining

Fundraising by unlisted funds for investment in natural resource reached a record $93 billion last year.

Russia's Nornickel to spend $1.4B on two expansion projects

Nornickel aims to ramp up nickel output and tap an expected boom in demand from electric vehicle makers.

Australia launches Critical Minerals Strategy 2019 focused on innovation and tech

The plan puts emphasis on emphasis on agritech, aerospace, defense, renewable energy and telecommunications.

Pancontinental acquires battery and energy metals project in Ontario

The company says the acquisition of the St. Laurent project supports its strategy of exploring for battery and energy metals.

Lonmin warns on cash woes, urges shareholders to back Sibanye takeover

Lonmin Plc has been cutting spending to conserve cash and retain a positive balance sheet required by conditions of South Africa-based Sibanye's offer.

Russia ban, Fiat Chrysler drive palladium price to new record high

The precious metal is up nearly 90% since August.

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.