Country is backing Prospect Resources’ (ASX:PSC) Arcadia lithium project, expected to generate that much revenue over eight years.
Platinum Group Metals Mining News
Platinum group metals production in South Africa rose 4 percent above the firm's guidance, to stand at to 1.19 million ounces.
Bankers, brokers, refiners and researchers in the London Bullion Market Association's 2018 survey sees gold as high as $1,510 and as low as $1,120 an ounce.
The National Union of Metalworkers of South Africa (Numsa) is demanding that Beatrix gold mine remains closed pending a probe and has asked the South African government to investigate why the operation apparently didn’t have a backup generator.
Originally there were more than 1,000 miners stuck underground, but sixty-four were rescued overnight.
Focus on platinum-palladium prices and ratios over the past 48 years.
The company beat expectations on Thursday with a 5% increase in 2017 production.
President Emmerson Mnangagwa, who took the post in November, has ordered an examination of both industries that may lead to the abolition of the 51% local ownership rule on them.
Indian commodities billionaire said the rally in Anglo American Plc vindicated his personal bet in the mining group.
If for some reason, you still think that the commodity markets are predictable, today’s chart provides a nice piece of humble pie.
Data obtained from the Arkyd-6 will be use in the development of the Arkyd-301, Planetary Resources next spacecraft platform and the beginning of its space resource exploration program.
“A lot of investors were really badly burned, ourselves included.”
"We are thrilled to complete our  rebranding to Nickel Creek Platinum, a name which reflects our company's significant endowment of nickel and PGMs..."
The mining cycle turned two years ago – gains for the sector's largest companies have far outpaced stocks like Apple, Amazon, Google and Facebook since.
The metal most known for its use in car exhausts is on a tear as the year comes to a close.
More than half the 2017 combined market cap gains for the world's largest listed miners accrued to just five firms as gold producers drop out of top 10.
Panel of investment banks and research houses forecast declines in copper, zinc, lead and palladium prices in 2018.
Raw materials in 2016 scrap worth an estimated $64.61 billion, including metals such as gold, silver, copper, platinum and palladium, U.N.-backed study said.
Palladium hit high of $1,022.70 Thursday, just off a 16-year high from last week, while platinum hit a low of $887.50 per ounce.
Miner announced record output of chrome and platinum group metals, also said it was seeking to diversify into EV materials.
The five-year cooperation agreement covers the exchange of information and expertise on the exploration and mining of out-of-earth resources.
The South African miner is exchanging a number of gold-processing assets and tailings storage facilities for a 38% stake in DRDGOLD.
Russia's gold-trading banks trying to increase presence in Asian markets, especially since demand for Russian gold in European trading hubs slow since 2014.
The Arkyd-6 spacecraft includes core technology that will be used in the company’s asteroid exploration program.
The planned strike in the coal sector could affect power supply in Africa's most industrialized economy, as about 85 percent of electricity is generated from the fossil fuel.