Platinum Mining News

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.

Anglo American and Lonmin heap pain on South African mining with 9,000 job cuts

Embattled miners have cut jobs in the face of plunging commodity prices, putting pressure on the South African government

Current mining downturn not a ‘normal’ one — Moody’s

The ratings agency expects physical supply/demand imbalance to widen further, leaving miners in extremely weak conditions.

Gold hits 12-week high, on track for best month in a year

Bullion prices are also set for a gradual recovery this year as demand increases in Asia and mine production contracts.

Samsung launches gold smart watch way cheaper than Apple’s

While Apple's costs $17,000, Samsung's is expected to go for about $520.

Hedge funds in major commodities rethink

Silver attracts buyers, gold price lifted out of historic net short positioning as large futures speculators cut overall bearish bets on commodities by 74%.

Anglo American Platinum full-year loss to hit over $850 million

Only last month, the South African miner announced it was postponing all investment in new or replacement capacity until at least 2017

Four killed in Rustenburg platinum mine fire

Four miners have died in an underground fire in a platinum mine, the Impala group said in a statement.

Moody's puts 175 energy and mining firms on review as low prices bite

Top miners BHP Billiton, Rio Tinto, Vale and Anglo American are among the firms at risk of rating downgrade.

Gold recovers some shine as global markets collapse

Gold has become this year the best-performing non-agricultural commodity.

One small step for mining's new frontier

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, palladium bear brunt of brutal 2016

Platinum hits record discount against gold price and palladium already down 16% in 2016, despite record setting global auto sales.

Anglo American officially out of the Middle East

The miner has finally completed the sale of assets from its Tarmac joint venture to a subsidiary of French engineering and construction group Bouygues.

The world's northernmost mines

They are all located in just three countries: Norway, Russia and Canada.

INFOGRAPHIC: The world's most valuable substances by weight

The world's most valuable substance? It sells for a cool $27 million per gram.

Worst year for US mining jobs since 1986

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.

Asteroid miner 3D-prints spacecraft prototype with alien metal

What Planetary Resources' 3D-printed model so impressive is the fact that it’s made entirely out of metal that’s not from Earth.

Anglo American teeters on the brink

Fresh selloff brings year loss to 80%. Outside metal prices rebounding (aka divine intervention) and barring extending a begging bowl, what will save Anglo?