Platinum Group Metals Mining News

Indian billionaire Agarwal goes after 12% of Anglo American

Deal would make of Volcan Investments Ltd., Agarwal's family trust, the second-largest investor in Anglo American.

Dieselgate hasn't hurt platinum price

Strong ETF inflows, rising autocatalyst demand despite Volkswagen emission scandal combined with falling mine supply to boost platinum price says new study.

Mining industry leaders meet again at PDAC 2017

For the second consecutive year, PDAC will host the International Mines Ministers Summit (IMMS) with 25 countries attending to it.

Stillwater Mining takeover needs more study

US Foreign Investment Committee scrutinizing South African gold miner's $2.2 billion offer for the only US platinum, palladium producer.

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

Northam Platinum buys Eland mine from Glencore

Northam Platinum’s strategy of buying additional mines, as its strives to become a 1-million ounce a year platinum group metals producer, netted it Glencore’s Eland Platinum mine for R175m cash.

Mining exploration spending drops to 11-year low

Miners and explorers are only spending a third of what they did four years ago – and proportion of greenfield exploration are at record lows.

Toyota's new technology a blow for platinum, palladium price

World's top carmaker says first vehicles using new catalyst technology that reduces PGM loads by 20% will leave assembly line later this year.

Anglo American not selling assets any more as it returns to profit

The world's number five diversified miner posted its first annual net profit in five years.

These 10 companies spend most looking for gold, copper

Majors and juniors swap roles in $7 billion a year mining exploration sector

These are just 15 ways in which graphene could reshape the world

Everybody seems to love Graphene, the one-atom-thick sheets of carbon that aren't just super flexible, harder than diamond, and stronger than steel, but are also able to conduct electricity better than copper.

CHART: Mining rally continues into 2017

Seaborne coal, tin prices are the big exceptions.

South African judge clears path for Ivanhoe Mines’ Platreef mine development

Judge revoked an interim order that prevented the company from relocating graves present at its Platreef platinum group metals mine, in Limpopo Province.

Moon Express ready for first private lunar trip after raising another $20M

The private space exploration firm has enough money to hit the moon by the end of 2017.

South Africa blames AngloGold, Sibanye of refusing to comply with safety laws

Mines minister Mosebenzi Zwane noted that 19 of the 73 miners who died in South Africa last year lost their lives at operations run by those companies.

Copper takes some shine off Anglo American’s results

The miner reported broadly higher output in the fourth quarter across all divisions, except for copper, which suffered from lower grades and strikes.

Palladium price surges to 22-month high

Years of underinvestment in top producer South Africa affecting supply.

Sibanye $2.2bn acquisition of Stillwater passes antitrust conditions

Takeover would make of Sibanye Gold the world's third largest palladium producer and fourth biggest platinum group metals miner.

Private capital rotating into mining and metals

Private capital funds raised $2.1 billion for mining and metals investment in 2016 – this year 13 funds are targeting $10 billion says new study.

CHART: China's economy growing fastest since 2013

Turnaround in GDP expansion in world's top commodity consumer over the past few months "almost as sharp as in 2009" says new study.

Without China global mining would be smaller than in 2000

TABLE: China's copper demand grew 11-fold in 15 years – the rest of the world shrunk. Sans China, the nickel market would've barely broken a million tonnes.

Emissions laws will drive record increases in global platinum production to 2020 — report

Global platinum mine or metal content in ore production is set to rise from 6.4 million ounces in 2015 to 6.7 million ounces by 2020, representing compound annual growth rate (CAGR) of 1.7%, according to the latest report from research and consulting firm GlobalData.

Chinese tax breaks do nothing for palladium price

Down $110 in December.

Applying soft-rock mining concepts in hard-rock mining

CAT launched a fully mechanized longwall system for continuous mining of flat and tabular deposits.

Sibanye Gold expands platinum assets by buying Stillwater in $2.2bn deal

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.