Platinum Group Metals Mining News

Zimbabwe to enter lithium market with $1.4bn mine

Country is backing Prospect Resources’ (ASX:PSC) Arcadia lithium project, expected to generate that much revenue over eight years.

Sibanye-Stillwater's 2017 platinum production up, gold falls

Platinum group metals production in South Africa rose 4 percent above the firm's guidance, to stand at to 1.19 million ounces.

Gold price set for wild ride in 2018 say 34 bullion analysts

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.

Sibanye-Stillwater trapped miners brought to surface safely

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.

More than 900 Sibanye miners trapped underground, not in danger

Originally there were more than 1,000 miners stuck underground, but sixty-four were rescued overnight.

The 'quite unusual' platinum to palladium ratio

Focus on platinum-palladium prices and ratios over the past 48 years.

Canada’s Gahcho Kue diamond mine boosts Anglo American output, but copper flat

The company beat expectations on Thursday with a 5% increase in 2017 production.

Zimbabwe mulls scrapping majority black ownership on diamond, platinum sectors

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.

Agarwal plans to keep his Anglo American stake for a long time

Indian commodities billionaire said the rally in Anglo American Plc vindicated his personal bet in the mining group.

The periodic table of commodity returns

If for some reason, you still think that the commodity markets are predictable, today’s chart provides a nice piece of humble pie.

Planetary Resources a step closer to mining asteroids with spacecraft launch

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.

Mining profits are super-charged and BlackRock wants to get paid

“A lot of investors were really badly burned, ourselves included.”

Wellgreen Platinum changes name to Nickel Creek Platinum

"We are thrilled to complete our [] rebranding to Nickel Creek Platinum, a name which reflects our company's significant endowment of nickel and PGMs..."

CHARTS: Big mining's surge in value shames tech giants

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.

Palladium touches 17-year high at $1,069.50

The metal most known for its use in car exhausts is on a tear as the year comes to a close.

Value of top 50 mining companies surge $140 billion in 2017

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.

CHART: High flying metals to fall back to earth in 2018

Panel of investment banks and research houses forecast declines in copper, zinc, lead and palladium prices in 2018.

Electronic waste at new high, squandering gold, other metals-study

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.

Platinum's discount to palladium hits 16-year-high

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.

South Africa's Tharisa sets out 2020 growth vision

Miner announced record output of chrome and platinum group metals, also said it was seeking to diversify into EV materials.

Luxembourg, Japan team up to explore and mine space resources

The five-year cooperation agreement covers the exchange of information and expertise on the exploration and mining of out-of-earth resources.

Sibanye-Stillwater soars on surprise $93 million-move on DRDGold

The South African miner is exchanging a number of gold-processing assets and tailings storage facilities for a 38% stake in DRDGOLD.

Russia's VTB Capital aims to double gold sales to China in 2018

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.

Planetary Resources readies asteroid mining technology for Dec. launch

The Arkyd-6 spacecraft includes core technology that will be used in the company’s asteroid exploration program.

South Africa's NUM says coal strike to begin on Nov. 19

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.