Platinum Mining News

Chart: The march of the zombie miners continues

It was just over a year ago that Tony Simon, President of Seguro Consulting, brought to our attention the initial problem of the zombie miners (definition referred to mining exploration companies that had negative working capital and therefore did not meet the Continuous Listing Requirements (CLR) for the TSX and TSX-V stock exchanges).

Miners spending again: $50 billion capex in five months

Confidence returns to mining sector as announced capital outlays surge to $108 billion – greenfield project spending up three-fold in first quarter.

Anglo shareholders revolt against Cutifani’s $4.9 million pay

Full voting results will be released on Friday.

Sibanye to invest $250 million in its gold mines, keeps shopping for new assets

Sibanye is not exclusively looking at buying gold assets; it is also considering platinum, coal, uranium and base metals mines.

Canadians to develop space mining tool

Deltion Innovations aims to design a drill that would prospect for water, ice and resources on the moon and beyond.

INFOGRAPHIC: Receding Arctic ice unlocking fathomless mineral resources

If you don’t mind frost and cost.

The end of the global diversified miner?

New report predicts mining's majors will increasingly move away from diversification strategies to concentrate on competitiveness in certain core sectors.

These bacteria can help you find rich platinum deposits

Fresh research shows a new role for bacteria in cycling platinum group metals in soils and sediments, offering a better understanding of how to search for them.

The richest and poorest countries in the world

The world economy is complex, but today’s series of maps will allow you to simplify your understanding of the relative wealth of people around the globe.

Thom Calandra: Precious metals, uranium & other key commodities to watch

Thom discusses a few of his favorite picks, including a new gold producer in Mexico, Canarc Resources.

Wellgreen Platinum announces $10 million equity investment by Electrum Strategic Opportunities Fund L.P.

Electrum Strategic Opportunities Fund, a special purpose acquisition company headed by Thomas Kaplan, has invested $10 million of equity in Wellgreen Platinum, a Canadian mining exploration and development company.

First Quantum sells nickel-copper-platinum mine in Finland for $712 million

Swedish mining and smelting company Boliden AB will pay cash for Kevitsa mine.

PDAC 2016 Convention exceeds 22,000 attendees

Optimism and opportunity abounded at the PDAC 2016 Convention of The Prospectors & Developers Association of Canada in spite of recent industry challenges, indicating a positive shift in sentiment amongst the industry’s key players.

Celebrating 125 years of the Ontario geological survery

The Ontario Geological Survey is celebrating 125 years of documenting the geology of Ontario and providing modern, independent and credible geoscience data and knowledge to the public.

South African government, mining firms agree to delay 16,000 job cuts

The deal also proposes facilitating the sale of struggling mines.

Platinum market to record 5th deficit in a row this year

Mining supply returns to pre-strike level but recycling falls.

These are the assets Anglo American is kicking to the curb

The miner is completely exiting coal and selling several assets, to focus only on copper, diamonds and platinum.

Hope fades for three gold miners trapped underground in South Africa

The three workers were trapped on Friday morning, when the lamp room where they were on duty collapsed into an 80-metre hole.

Three missing after South African gold mine collapses, trapping 87

Trapped miners were brought to the surface through ventilation shafts.

Luxembourg joins race to conquer space mining

The move comes only three months after U.S. President Barack Obama signed a space exploitation law.

Anglo American risks eviction from FTSE 100

FTSE 100 reweighting to take place in March.

Sibanye Gold shopping for new mines, possibly including base metals

The gold miner is expanding its portfolio to platinum, coal and uranium, as it also mulls an incursion in the base metals sector.

Anglo American may fully exit Brazil — report

The company is said to be wanting to offload its Barro Alto nickel mine and the vast Minas-Rio iron ore complex.

THEnergy review of the Energy and Mines Summit in London

More than 200 delegates from the mining, renewable energy and finance sectors attended this event.

Anglo American shares rally on iron ore output hike, cost-cutting measures

The besieged miner plans to lower costs at its iron ore mines after boosting total annual output for the steelmaking ingredient.