Platinum Mining News

Onerous procurement requirements of S. Africa’s 2017 Mining Charter to hit suppliers

While suppliers are not required to comply with the 2017 Charter, the procurement targets for Holders indirectly require them to meet such targets to remain competitive.

South Africa’s mines minister withdraws plan to suspend rights

South Africa's mineral resources department has withdrawn its plan to impose a moratorium suspending the issuance of new mining and prospecting rights, which had drawn a court challenge by an industry group.

Junior miners talk new opportunities, and challenges

While the mood at the recent Junior Indaba mining event was sombre when it came to South Africa’s policy environment, there were some interesting opportunities being mooted for minerals like lithium.

Luxembourg shoots for the stars with fresh space mining deal

The country's ultimate objective is to have its own space mining agency by the end of the year.

Is it worth investing in palladium?

Palladium is another element with great importance to the modern economy, but it’s often overshadowed by the other more famous and expensive precious metals.

Toronto firm closing South African platinum mine

The Bokoni mine, a joint venture between Atlatsa and Anglo Platinum, produces around 150,000 ounces of platinum group metals per year.

South Africa intends to suspend issuing mining rights

South Africa intends to suspend the granting of applications for prospecting and mining rights as well as any renewals pending a court case to review new mining laws, the Mineral Resources Minister Mosebenzi Zwane said on Thursday.

Amplats warns H1 profits to fall on impairments, rand

South Africa's Anglo American Platinum (Amplats) expects half-year profits to fall by as much as 67 percent due to a stronger rand, lower sales and post-tax impairments, the company said on Tuesday.

South Africa halts new black ownership rules for mines

The suspension follows a pending a judgement in an urgent interdict application by the country's Chamber of Mines.

Luxembourg becomes first European country to pass space mining law

The bill, approved by a vast majority, defines the conditions companies must fulfill to get a licence for launching a space mining mission.

Private capital says no to mining

Study shows Q2 2017 new private capital for natural resources investment dropped to lowest since 2011 and not a single mining fund were able to raise money.

Top 50 mining companies reshuffle as Chinese, lithium firms climb rankings

Combined worth of 50 largest mining companies grow to $768 billion during first half of 2017, but a few big names drop down rankings.

Brazil's platinum miner Jandaga raises $2.9M in London listing

Jandaga Mines is taking advantage of investors' concerns over buying into South African platinum businesses.

South Africa's chamber of mines challenges new charter in court

South Africa's Chamber of Mines has applied to a high court for an interdict to prevent the implementation of a new charter that increases the minimum threshold for black ownership of mining companies

More than 1,500 workers fired at Sibanye’s Cooke mine over strike

Workers at the mine downed tools over a week ago, angered by the company’s actions to eradicate illegal miners from its operations.

South Africa just hiked black ownership rules, miners getting crushed

The country will require local miners to be 30% black-owned and has set a 12-month deadline for them to comply with the new rules.

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".

Miners frozen out as South Africa readies empowerment rules

Mining companies in South Africa have been frozen out of consultation over regulatory changes that could dilute shareholders, raise costs and impose new levies to fund community development.

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.

Incredible platinum uses

How platinum is used in technologies from pacemakers to fibre-glass...

London Royal Mint launches its first ever platinum bullion products

The Royal Mint has timed its first entry into the platinum bullion market to coincide with London Platinum Week.