The move will allow the platinum miner to restructure its debt and, it hopes, weather an ongoing decline of platinum prices.
Platinum Group Metals Mining News
CHARTS: South Africans can't liquidate ETF holdings fast enough, sending platinum to fresh 7-year low and palladium down 20% within only two weeks.
With the changes, Anglo’s chief Mark Cutifani is trying to turn around the company’s fortunes following years during which it has underperformed its peers.
Until now, there was no legislature clarifying issues such as whether resources mined from celestial bodies could be sold on Earth.
Learn in today's infographic how the "Industrial Internet", or the convergence of the global industrial sector with big data and the internet of things, is ushering in a new age of efficiency in mining.
The company has priced its $407 million share sale at a discount of 94% as it fights for survival after a near-collapse in the commodity's price.
Consulting engineering company, SRK, raised the risk that South Africa's platinum firms may start to run short of water next year if the country's drought persisted.
With these agreements in place, the Company has initiated the second phase of its 2015 exploration drill program at Wellgreen and expects to undertake a comprehensive metallurgical testing program starting in Q1 2016.
The radical decision would make of the platinum producer the biggest casualty of the ongoing commodity rout that is hurting miners worldwide.
The world’s third-largest platinum producer is also planning layoffs, cutting capex and lowering unit costs.
At fifth plenum Beijing recommits to high economic growth rates, faster urbanization and indicates it's willing to step in to make it happen.
In 2011, during the peak of the so-called “mining boom”, the sector was worth nearly US$2.5 trillion.
This week Volkswagen stopped selling diesel vehicles in Europe while top producer Anglo American announced a 14% surge in output.
Commodity Sentiment Index shows it's always coldest before the dawn.
All you need to know about mining and metals and the role the sector plays in key industries of the global economy in one simple table.
Platinum price up 14% in two weeks gets further boost as Toyota unveils big push into fuel cell cars where PGM loadings are typically 7 times higher.
The National Union of Mineworkers (NUM) and the Chamber of Mines, which has been negotiating on behalf of the country’s main coal producers, will sign the agreement later today.
After the best week for commodity prices in more than three years, sentiment towards metals and mining may finally be turning.
According to the National Union of Mineworkers (NUM), the Swiss-based company is the one “holding the whole process to ransom".
Morgan Stanley sees a "sharp reversal" in commodities with prices rising nearly 20% by 2017 making mining stocks "historically attractive".
New report on top 100 junior mining companies says "waiting it out no longer a viable strategy"
Northam Platinum has finalized the R450 million (Can$43 million) acquisition of Everest Mining assets now that it has received the approval of South Africa's Department of Mineral Resources. Northam's CEO Paul Dunne lauded the deal. […]
Platinum price drop below $900 not good news for gold price either.
The Swiss competition commission is investigating seven large banks for manipulating precious metals prices.
Up more than 10% since Volkswagen's emissions admission.