Down $110 in December.
Platinum Group Metals Mining News
CAT launched a fully mechanized longwall system for continuous mining of flat and tabular deposits.
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.
The African nation produces some 70% of the globe's platinum.
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.
Ample above ground stocks, rising mine supply could dampen prospects for 2016 best performing precious metal.
Interactive: Donald Trump's victory has created winners and (huge) losers for the mining industry.
Completing the $264-million mine will boost the platinum reserves of Zimplats from 3 million to 9 million ounces.
Global miners have been cutting spending on new projects and expansions since 2012.
For those hoping for a strong uptick in the price of the precious metal, the World Platinum Investment Council does not offer reason to be sanguine.
Platform aims to help local suppliers bid for contacts related to the Plan Nord, a provincial initiative to invest about $1.3 billion in infrastructure and other projects over the next five years.
Even if the US president-elect's massive infrastructure build-out plan makes it through Congress intact.
Consolidation in South African's platinum mining sector continued on Friday with Lonmin's decision to buy Amplats' stake in the Pandora platinum mine.
The funding, which includes direct investment and grants, aims to help the asteroid mining company launch its first commercial prospecting mission by 2020.
Miners have to look at debt, private investors and alternative financing like pre-pays for growth capital according to new report.
Anglo American is sounding out investors about a multi-billion pound spin-off of its South African operations in an attempt to pacifiy growing pressure from its biggest shareholder to consider a radical break-up.
First you need to screen for rubber, gravel, cement dust and cigarette butts.
Shares were up more than 5% after the firm posted higher output across all divisions, except for copper, and said market conditions for its diamond business had improved.
He envisions people living in big glass-carbon fiber domes on the surface, with additional areas mined out below the surface by robots for "industrial" uses.
AMCU has been demanding pay hikes of more than 50% for its lowest paid members and a 15% hike for its higher paid members.
Weakening currency supplies fatter margins for South African mines responsible for nearly three-quarters of global platinum production.
The company remains confident the sale of its Rustenburg mines in South Africa to Sibanye Gold will clear its last regulatory hurdle before the end of the year.
While many still see space mining as science fiction, global recruitment expert Fircroft has compiled data that proves it feasible.
While met coal is clearly the star performer, thermal coal is probably the biggest upset – seaborne prices have jumped 65% in 2016 to above $80 a tonne.
Despite continued investment in copper assets on the continent from China and India hunting for coal mines.