According to the National Union of Mineworkers (NUM), the Swiss-based company is the one “holding the whole process to ransom".
Platinum Group Metals Mining News
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.
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.
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.
Worries over China's growth and its impact on commodity prices prompted broker downgrades for some of the industry’s biggest names.
We're only halfway into mining bear market says new report.
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").
The company filed a preliminary economic assessment in the spring.
The move aims to reduce the gold producer's dependence on unreliable electricity supply from state-run utility Eskom Holdings.
The announcement comes only days after Anglo announced a $330m deal to sell lossmaking South African platinum mines to Sibanye Gold.
The deal involves an upfront payment of 1.5 billion rand, with a minimum deferred payment of 3 billion rand, equal to 35% of cash flow generated by the operation.
The companies are expected to make an official announcement on Wednesday.
Supply for the year, however, is expected to increase by 9% to 7.91 million ounces, owing to the recovery in the country’s output following strikes in 2014, as well as increased platinum recycling.
CHART: The commodity slump has slashed major miners' market valuations to 60–88% below 2011 highs.
This the first time in over 15 months that Sibanye officially confirms its interest in Amplats’ Rustenburg assets.
Commodity investing legend says the Chinese market is on its way to "finding a good bottom."
Palladium price drops 8% to five year low, crushing shares in only US PGM miner.
We're not in 2008 – plotting global economic growth against commodity prices shows metals and mining sell-off is disconnected from realities on the ground.
Canadian junior and mid-tier mining companies also raised 62% more capital in the second quarter than in 2014.
The price for the two assets could rise to $500m from $200m, depending on an eventual recovery of copper prices and the execution of an expansion plan for the Mantoverde mine.