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.
Platinum Group Metals Mining News
Miners and explorers are only spending a third of what they did four years ago – and proportion of greenfield exploration are at record lows.
World's top carmaker says first vehicles using new catalyst technology that reduces PGM loads by 20% will leave assembly line later this year.
The world's number five diversified miner posted its first annual net profit in five years.
Majors and juniors swap roles in $7 billion a year mining exploration sector
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.
Seaborne coal, tin prices are the big exceptions.
Judge revoked an interim order that prevented the company from relocating graves present at its Platreef platinum group metals mine, in Limpopo Province.
The private space exploration firm has enough money to hit the moon by the end of 2017.
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.
The miner reported broadly higher output in the fourth quarter across all divisions, except for copper, which suffered from lower grades and strikes.
Years of underinvestment in top producer South Africa affecting supply.
Takeover would make of Sibanye Gold the world's third largest palladium producer and fourth biggest platinum group metals miner.
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.
Turnaround in GDP expansion in world's top commodity consumer over the past few months "almost as sharp as in 2009" says new study.
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.
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.
Down $110 in December.
CAT launched a fully mechanized longwall system for continuous mining of flat and tabular deposits.
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.
The African nation produces some 70% of the globe's platinum.
While the miner is not longer being pressed to include its platinum assets in the divestment plan, the issue of how to package mines and which ones to include, remains a bone of contention.
Ample above ground stocks, rising mine supply could dampen prospects for 2016 best performing precious metal.
Interactive: Donald Trump's victory has created winners and (huge) losers for the mining industry.
Completing the $264-million mine will boost the platinum reserves of Zimplats from 3 million to 9 million ounces.