Platinum Group Metals Mining News

Wellgreen Platinum signs C$11.4 million financing package led by Resource Capital Fund VI L.P.

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.

Lonmin may shut down if shares sale flunks

The radical decision would make of the platinum producer the biggest casualty of the ongoing commodity rout that is hurting miners worldwide.

Lonmin warns of $2bn write-down, 6,000 job cuts

The world’s third-largest platinum producer is also planning layoffs, cutting capex and lowering unit costs.

China's new 5-year plan brilliant news for mining

At fifth plenum Beijing recommits to high economic growth rates, faster urbanization and indicates it's willing to step in to make it happen.

Mining industry value drops below one trillion dollars

In 2011, during the peak of the so-called “mining boom”, the sector was worth nearly US$2.5 trillion.

Platinum price back to triple digits

This week Volkswagen stopped selling diesel vehicles in Europe while top producer Anglo American announced a 14% surge in output.

The most bullish mining chart you'll see all day

Commodity Sentiment Index shows it's always coldest before the dawn.

The $2 trillion mining value chain at a glance

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: VW taketh away, Toyota giveth

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.

S. Africa's main coal union accepts wage offer, ends strike

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.

CHART: Mining tide is turning

After the best week for commodity prices in more than three years, sentiment towards metals and mining may finally be turning.

Glencore responsible for extension of coal strike in S. Africa — union

According to the National Union of Mineworkers (NUM), the Swiss-based company is the one “holding the whole process to ransom".

Mining stocks surge as end of commodity rout called

Morgan Stanley sees a "sharp reversal" in commodities with prices rising nearly 20% by 2017 making mining stocks "historically attractive".

Even top juniors are running out of money

New report on top 100 junior mining companies says "waiting it out no longer a viable strategy"

Northam Platinum finalizes Everest asset acquisition

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 falls to 7-year low

Platinum price drop below $900 not good news for gold price either.

Swiss gold rigging probe won't have price impact

The Swiss competition commission is investigating seven large banks for manipulating precious metals prices.

Dieselgate: Palladium the big winner

Up more than 10% since Volkswagen's emissions admission.

South Africa replaces mining minister on eve of massive job cuts

Given that ousted minister Ramatlhodi is considered the main person that helped end a five-month strike in the country’s platinum sector last year, Zuma's decision is being questioned.

Volkswagen crashes platinum price

World's largest automaker would actually need to buy more platinum to scrub emissions, but for now investors believe the scandal will hurt the whole sector.

Glencore drops to lowest ever on China-triggered mining stocks massacre

Worries over China's growth and its impact on commodity prices prompted broker downgrades for some of the industry’s biggest names.

This is the scariest mining chart you'll see today

We're only halfway into mining bear market says new report.

Atlatsa announces a restructure plan for Bokoni Platinum Mine

Atlatsa Resources Corporation ("Atlatsa" or the "Company") (TSX: ATL; JSE: ATL) advises that it, together with its joint venture partner, Anglo American Platinum Limited, has determined to implement a restructure plan at Bokoni Platinum Mine Proprietary Limited ("Bokoni Mine").

Wellgreen Platinum's open pit and underground mine plan

The company filed a preliminary economic assessment in the spring.

Sibanye expects to generate up to 60% of power needs from new coal project

The move aims to reduce the gold producer's dependence on unreliable electricity supply from state-run utility Eskom Holdings.