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.
Platinum Group Metals Mining News
“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.
The three-year wage agreement was signed by all three unions, the company said.
Fatal accidents last week raised number of fatalities in 2017 to 76, above the 73 reported in 2016, South Africa’s Chamber of Mines said in a statement.
Company said it would keep its Beatrix West gold mine running for as long as it makes a profit, on average, over any continuous period of three months.
Miners who received a termination letter will hold a mass meeting at the mine Wednesday morning.
Precious metal is up 114% or $880 an ounce in 2017 as above-ground stocks are "bled dry".
David Morgan uncovers supply and demand fundamentals on mining, cost of production, utility, and ratios in Proven and Probable interview.
Precious metals miner said its platinum group metals (PGM) operations had delivered "solid operational results" in the first-half of 2017, prompting an upward revision to its 2017 production forecast and a downward revision to guided costs.
Consensus forecasts point to double digit declines for the platinum, zinc, copper and lead price by the end of the year, while coal is set to tank.
The country's chamber of mines and the ministry are locked in a number of legal disputes over the mining charter, which aims to increase black ownership and participation in the industry as part of a government drive to overcome apartheid's legacies.
Mine is expected to generate about 300,000 ounces annually by late 2021/early 2022, increasing total PGM production from Sibanye’s operations in the US by more than 50%.