Platinum Mining News

Planetary Resources a step closer to mining asteroids with spacecraft launch

Data obtained from the Arkyd-6 will be use in the development of the Arkyd-301, Planetary Resources next spacecraft platform and the beginning of its space resource exploration program.

Mining profits are super-charged and BlackRock wants to get paid

“A lot of investors were really badly burned, ourselves included.”

Amplats reaches deal with South African tribal leader in community fund row

Move aims to curb unrest around Anglo American's most profitable platinum mine — Mogalakwena.

CHARTS: Big mining's surge in value shames tech giants

The mining cycle turned two years ago – gains for the sector's largest companies have far outpaced stocks like Apple, Amazon, Google and Facebook since.

Palladium touches 17-year high at $1,069.50

The metal most known for its use in car exhausts is on a tear as the year comes to a close.

Silver goes first, gold goes second: 2018 outperformers

For the second year in a row, people are being bullish on silver.

Value of top 50 mining companies surge $140 billion in 2017

More than half the 2017 combined market cap gains for the world's largest listed miners accrued to just five firms as gold producers drop out of top 10.

CHART: High flying metals to fall back to earth in 2018

Panel of investment banks and research houses forecast declines in copper, zinc, lead and palladium prices in 2018.

Mining's Mr. Fix-It brings extinction of 100-Year-Old Lonmin

After years of near-death experiences, the story of Lonmin Plc is finally over.

South Africa's Sibanye-Stillwater to be No. 2 platinum miner with Lonmin buy

Sibanye said it would cut a third of Lonmin's employees and deliver savings of about $112 million a year by 2021.

Platinum's discount to palladium hits 16-year-high

Palladium hit high of $1,022.70 Thursday, just off a 16-year high from last week, while platinum hit a low of $887.50 per ounce.

Luxembourg, Japan team up to explore and mine space resources

The five-year cooperation agreement covers the exchange of information and expertise on the exploration and mining of out-of-earth resources.

Sibanye-Stillwater soars on surprise $93 million-move on DRDGold

The South African miner is exchanging a number of gold-processing assets and tailings storage facilities for a 38% stake in DRDGOLD.

Platinum industry expects supply deficit in 2018

Jewellery posts growth of 3%, the first in four years.

South Africa's parliament delays passing key mining law

Lawmakers will miss a December target to pass changes to mineral resource laws, seen as key for greater investor certainty.

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.