Platinum Group Metals Mining News

Anglo American appoints takeovers expert as new chairman

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.

CHART: Commodity prices slump to 50-year low against US stocks

S&P500 most expensive compared to commodities since late 1960s despite last year's rally in metals and mineral prices.

'Strong hand' may be pushing palladium price higher

Back within shouting distance of 2-year highs amid talk of market "squeeze".

CHART: Hedge fund commodity bulls misread the market

Smart money's bullish bets on commodity futures and options slashed 64% from record high hit just three months ago.

Even with iron ore prices diving, NASA fast tracks mission to $10,000 quadrillion asteroid

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.

Low platinum prices push jewellery demand

Diamonds may be a girl's best friend but for budget-conscious ring-bearers, the preferred material might be platinum.

'When not if' palladium will top platinum price

New report says record autocatalyst demand, falling mine supply, will make palladium more valuable than platinum for the first time since 2001.

Lower gold price in rand hurts Sibanye Gold's Q1

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.

Sibanye Gold investors OK $2.2bn acquisition of Stillwater

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.

More iron ore comes to the market as Anglo’s output soars in Q1

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.

Iron ore, copper price plunge brings carnage to mining stocks

Worries about Chinese economy and rising tension surrounding North Korea brings fear trade to mining and industrial metals.

Top 50 biggest mining companies

Combined worth of $842 billion with 20% gains so far in 2017.

This firm may make coal’s future a lot brighter

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.

This precious metal has surged 32% in 2017

Rhodium jumps back above $1,000 an ounce for the first time in nearly two years.

The 5 biggest private funds investing in mining

Denver is the global capital of private capital raising for investment in the metals and mining sector.

$5.5 billion private capital ready to invest in mining

"Investors are willing to back their positive sentiment towards natural resources with fresh capital commitments," says new study.

Indian billionaire Agarwal goes after 12% of Anglo American

Deal would make of Volcan Investments Ltd., Agarwal's family trust, the second-largest investor in Anglo American.

Dieselgate hasn't hurt platinum price

Strong ETF inflows, rising autocatalyst demand despite Volkswagen emission scandal combined with falling mine supply to boost platinum price says new study.

Mining industry leaders meet again at PDAC 2017

For the second consecutive year, PDAC will host the International Mines Ministers Summit (IMMS) with 25 countries attending to it.

Stillwater Mining takeover needs more study

US Foreign Investment Committee scrutinizing South African gold miner's $2.2 billion offer for the only US platinum, palladium producer.

Northam Platinum buys Eland mine from Glencore

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.

Mining exploration spending drops to 11-year low

Miners and explorers are only spending a third of what they did four years ago – and proportion of greenfield exploration are at record lows.

Toyota's new technology a blow for platinum, palladium price

World's top carmaker says first vehicles using new catalyst technology that reduces PGM loads by 20% will leave assembly line later this year.

Anglo American not selling assets any more as it returns to profit

The world's number five diversified miner posted its first annual net profit in five years.

These 10 companies spend most looking for gold, copper

Majors and juniors swap roles in $7 billion a year mining exploration sector