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.
Platinum Group Metals Mining News
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.
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 owns or has interests in several projects in Ontario’s Ring of Fire.
As a result of the survey, 235 hectares in 11 new claims were added to the northern portion of the Saturday Night project.
Despite its fraught relationship with with the Association of Mineworkers and Construction Union, experts say recent developments play in favour of the company.
But the iron ore price surge won't last says new survey of commodity analysts.
Fundraising by unlisted funds for investment in natural resource reached a record $93 billion last year.
Nornickel aims to ramp up nickel output and tap an expected boom in demand from electric vehicle makers.
The plan puts emphasis on emphasis on agritech, aerospace, defense, renewable energy and telecommunications.
The company says the acquisition of the St. Laurent project supports its strategy of exploring for battery and energy metals.
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.
The precious metal is up nearly 90% since August.
The Seagull Lake property is 90 kilometres north of Thunder Bay, Ontario, Canada, and consists of 133 claim cells totalling approximately 2,128 hectares.
Even though demand for the precious metal is growing for first time since 2015.
The threat of disruption has helped boost platinum and palladium prices this week.
Firms to be affected include AngloGold Ashanti, Harmony Gold, Anglo American Platinum and Lonmin.
BHP, Anglo American touch one-year highs.
The utility gives the industry notice to reduce their power consumption by 15–20% when the national grid is at its tightest.
A gap in engagement between company leaders and front-line workers is critical to preventing and mitigating risks.
Copper production reached a five-year high, more than offsetting output declines at Minas Rio in Brazil and Kumba in South Africa.
Platinum could be the dark horse among precious metals, according to a money manager at Pacific Investment Management Co.
Palladium is close to becoming the most “precious” of precious metals
Study shows mining has sparked "unparalleled inorganic compound diversification" like rabbittite at Lucky Strike, Utah and a handful found on smelter walls
The expansion will double the capacity of the mine and mill to 12,000 t/d from 6,000 t/d.