Platinum Mining News

South African communities to join mining charter review case

Lobby group is seeking judicial review of new Mining Charter, which places extra levies on companies and raises requirements for black ownership.

Planetary Resources readies asteroid mining technology for Dec. launch

The Arkyd-6 spacecraft includes core technology that will be used in the company’s asteroid exploration program.

Sibanye-Stillwater reaches wage deal with unions at Kroondal mine

The three-year wage agreement was signed by all three unions, the company said.

London Metal Exchange Week galvanised by electric dreams: Andy Home

This year, copper was shoved out of the London limelight by new hot metals such as lithium, cobalt and nickel.

Sibanye-Stillwater shuts down Cooke gold mine, about 7,000 laid off

Company said it would keep its Beatrix West gold mine running for as long as it makes a profit, on average, over any continuous period of three months.

More than 2,000 miners sacked at Sibanye’s Cooke gold mine

Miners who received a termination letter will hold a mass meeting at the mine Wednesday morning.

Sibanye-Stillwater's gold output up 4 pct quarter

The mining company said gold production rose to 11,576 kg in the three months to September 30 while group operating profit was $216.8 million.

Rhodium price roars to six-year high

Precious metal is up 114% or $880 an ounce in 2017 as above-ground stocks are "bled dry".

Platinum miner Lonmin to cut over 1,000 jobs in South Africa

South Africa's Solidarity union cites low commodity prices and rising costs as two main factors behind the job cuts.

Invest in platinum, palladium, or rhodium?

David Morgan uncovers supply and demand fundamentals on mining, cost of production, utility, and ratios in Proven and Probable interview.

Sibanye scraps planned closure of loss-making South African mines

Precious metals miner said its platinum group metals (PGM) operations had delivered "solid operational results" in the first-half of 2017, prompting an upward revision to its 2017 production forecast and a downward revision to guided costs.

Implats buys stake in South Africa platinum project with option to take control

Company will pay $30 million for a 15 percent interest in a platinum project in the northern Waterberg region and had an option to acquire a majority stake in the development.

Tensions between the U.S. and North Korea drive gold prices up

Gold prices finished higher last Friday and followed the upward trend on Monday, with December gold GCZ7, +0.67% rising to $1,283 an ounce.

CHARTS: Mining's 2017 rally forecast to fizzle out

Consensus forecasts point to double digit declines for the platinum, zinc, copper and lead price by the end of the year, while coal is set to tank.

South Africa mining lobby rejects talks with ministry over charter

The country's chamber of mines and the ministry are locked in a number of legal disputes over the mining charter, which aims to increase black ownership and participation in the industry as part of a government drive to overcome apartheid's legacies.

Sibanye-Stillwater Blitz project begins production ahead of schedule

Mine is expected to generate about 300,000 ounces annually by late 2021/early 2022, increasing total PGM production from Sibanye’s operations in the US by more than 50%.

400 workers laid off as Bokoni prepares for closure

Toronto-based Atlatsa Resources (TSXV:ATL) has made good on its stated intention to shut its Bokoni platinum mine in Limpopo province, South Africa.

South Africa’s mining industry fortunes improving, but challenges remain — PwC

A strong price recovery for the main commodities South Africa mines and exports has helped the country’s sector stage a turnaround in 2017, the first time in five years the industry is back in the black.

Lucara sells world's second-largest diamond for $53 million

London-based Graff Diamonds paid nearly $47,777 per carat

Johnson Matthey to invest 200m pounds in battery material technology

The specialty chemicals company said the overall market "could be (worth) more than $30 billion (in) sales when battery electric vehicle penetration increases to around 10 percent.

Indian billionaire Agarwal to be Anglo American’s top shareholder

He intends to buy as much as 1.5 billion pounds (about$2 billion) worth of additional Anglo American shares.

Palladium price consensus forecasts point to end of the rally

Speculative frenzy not entirely supported by fundamentals.

About 2,500 jobs on the line at Impala Platinum’s Rustenburg operations

The miner warned further reductions could be in store at those operations, which employ 31,000 people.

S.African miner Lonmin says licence not at risk after ministry warning

The South African mines ministry has told platinum miner Lonmin that it failed to meet some of its social and labour obligations, the producer said on Tuesday, but added it did not think its operating licence was in jeopardy.

S.Africa mining minister will not say contested charter is law – Chamber of Mines

Mines minister Mosebenzi Zwane had pledged in writing to a court that he would not publicly say changes to an industry charter were "law" until a judicial challenge has been completed.