Platinum miner Lonmin Plc said on Monday it would cut costs and sell some assets, including processing capacity of up to 500,000 ounces per year, as it battles to overcome a weak market and to preserve jobs.
Platinum Group Metals Mining News
Zimbabwe has filed a court application to enforce a previous notice to seize more than half of platinum producer Zimplats' mining land, the company said on Wednesday.
The country's ultimate objective is to have its own space mining agency by the end of the year.
The Bokoni mine, a joint venture between Atlatsa and Anglo Platinum, produces around 150,000 ounces of platinum group metals per year.
South Africa's Anglo American Platinum (Amplats) expects half-year profits to fall by as much as 67 percent due to a stronger rand, lower sales and post-tax impairments, the company said on Tuesday.
The suspension follows a pending a judgement in an urgent interdict application by the country's Chamber of Mines.
The bill, approved by a vast majority, defines the conditions companies must fulfill to get a licence for launching a space mining mission.
Study shows Q2 2017 new private capital for natural resources investment dropped to lowest since 2011 and not a single mining fund were able to raise money.
Combined worth of 50 largest mining companies grow to $768 billion during first half of 2017, but a few big names drop down rankings.
Workers at the mine downed tools over a week ago, angered by the company’s actions to eradicate illegal miners from its operations.
The country will require local miners to be 30% black-owned and has set a 12-month deadline for them to comply with the new rules.
Stuart Chambers, 61 and former chairman of UK chip designer Arm, will join Anglo as a non-executive director in September, replacing Parker in November.
S&P500 most expensive compared to commodities since late 1960s despite last year's rally in metals and mineral prices.
Back within shouting distance of 2-year highs amid talk of market "squeeze".
Smart money's bullish bets on commodity futures and options slashed 64% from record high hit just three months ago.
If NASA is successful in its mission to 16 Psyche, one of the most massive asteroids found between the orbits of Mars and Jupiter, humans will have a first ever chance of exploring a world made of iron, not rock or ice.
Diamonds may be a girl's best friend but for budget-conscious ring-bearers, the preferred material might be platinum.
New report says record autocatalyst demand, falling mine supply, will make palladium more valuable than platinum for the first time since 2001.
A higher South African rand versus the U.S. dollar was to blame for lowering Sibanye Gold's (NYSE:SBGL) net operating profit in the first quarter.
Shareholders voted overwhelmingly in favour of the cash takeover, which will make the South African firm the world's No.3 palladium producer and No.4 platinum group metals miner.
Both iron ore and diamond output rose in the first quarter thanks to a continued ramping-up of the company's Minas Rio mine in Brazil and improvements in the gem market.
Worries about Chinese economy and rising tension surrounding North Korea brings fear trade to mining and industrial metals.
Combined worth of $842 billion with 20% gains so far in 2017.
Australia’s Dotz Nano has found a new use for coal that could be a welcome boost to the dying industry, particularly in the US.
Rhodium jumps back above $1,000 an ounce for the first time in nearly two years.