Once a figment of science fiction films, the sometimes risky notion of mining in space may soon become a reality if asteroid miners have their way.
Platinum Group Metals Mining News
Platinum hits record discount against gold price and palladium already down 16% in 2016, despite record setting global auto sales.
The miner has finally completed the sale of assets from its Tarmac joint venture to a subsidiary of French engineering and construction group Bouygues.
12 straight months of losses see 129,000 positions eliminated, the deepest jobs cuts in 29 years and the third worst annual decline since 1939.
What Planetary Resources' 3D-printed model so impressive is the fact that it’s made entirely out of metal that’s not from Earth.
Fresh selloff brings year loss to 80%. Outside metal prices rebounding (aka divine intervention) and barring extending a begging bowl, what will save Anglo?
No 3: "The return of inflation could revive demand for hedges including commodities, with gold in particular likely to benefit."
Beijing has very ambitious 2020 growth targets. A new survey finds Chinese executives are much more confident than the rest of the world about hitting them.
A look back at mining and metals in 2015 through MINING.com's most popular stories of the year.
Anglo-American perceived as "the most likely of the diversified mining majors to go bust" even if it "goes down fighting".
Orion's Oskar Lewnowski: "For a long time, metals were driven by financial flows... With those guys out, we are back to fundamentals."
The job cuts, part of a major overhaul, are far greater than the 53,000 positions the miner said it would cut in July.
One of the miner’s worst kept secret may be revealed as soon as Tuesday.
While the law lets citizens mine, sell and own riches mined in space, it does not grant sovereignty, ownership, exclusive rights or jurisdiction over any celestial body.
Platinum remains at record discount to gold.
HSBC downgraded the company to 'reduce' from 'hold' and highlighted that Anglo's precarious cash flow situation may force it to cancel its dividend.
The move will allow the platinum miner to restructure its debt and, it hopes, weather an ongoing decline of platinum prices.
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.