Platinum Mining News

Sibanye logs steep rise in half-year profit, mulls platinum mines future

The miner said it was is currently assessing the operational and financial situation of its platinum division, which may require "remedial action".

Investing in the new resource bull market

After four grinding years of falling metal prices and vanishing market capitalizations, we have seen a stunning shift in market sentiment since mid-January, says Matt Geiger of MJG Capital. Multiple physical commodities are now in technical bull markets.

SA's mining leadership needs to grasp opportunities missed in the last commodity boom – SRK

Signs of resurgence in platinum, a stronger gold price and growing coal exports to India should be triggers for South Africa’s mining leadership to grasp the opportunities that it missed in the last commodity boom, according to consulting engineers and scientists SRK Consulting (South Africa).

Four China charts to turn you into a mining bull

And one that's ultra-bearish.

Hedge funds up bullish platinum, palladium bets near record

Large scale futures speculators and PGM investors in physically-backed exchange traded funds are taking wildly different views of the outlook for the metals.

Anglo's top shareholder could reduce it to diamond-only miner

South Africa's state pension fund is pushing Anglo to spin off all its assets in the country, including the miner's coveted platinum mines.

Draft bill says list in Harare if you want to mine in Zimbabwe

None of the foreign-owned platinum miners operating in the world's number three producer of the precious metal is listed on the Zimbabwe Stock Exchange.

South Africa output topples platinum, palladium prices

PGM prices plunge after data show country's mines responsible for 70% of global production are humming and local currency revenues are hitting records.

Asteroid miner Deep Space to launch first commercial mission by 2020

The mission's goal is to map a target asteroid, looking for deposits of water and other resources with visible and infrared cameras.

Gold futures come back to the London Metal Exchange

The LME’s previous attempt at trading gold lasted only three years .

This is what a broad-based metals and mining rally looks like

CHART: The gold price may grab headlines, but coal's rally comes as a shocker – thermal prices are up 22% in 2016 and coking coal's back in triple digits.

Platinum, palladium prices are exploding

Platinum now outperforming gold price in 2016 and palladium price soars 21% in just one month.

Anglo American declines merger offer from Vedanta

Vedanta Resources’ chairman Anil Agarwal allegedly approached Anglo in several opportunities earlier this year to discuss potential tie-ups.

Anglo American narrows debt despite posting steep first-half loss

The miner said its turnaround plan was “on track” as it slashed debt and beat earnings forecasts in the first half of the year.

Heavy snowfall in Chile forces Anglo to cut annual copper target

Shares plunged after miner revealed that output fell almost across the board in the April – June period.

South African gold firms file plea to appeal lung disease class action

The class action the firms want to appeal paves the way for thousands of current and former miners suffering from silicosis and tuberculosis to seek damage compensation from the companies.

Lack of long term strategic leadership partly to blame for mining job losses in S. Africa

South Africa's mining sector is facing the most serious challenge for many years demonstrated by mounting job losses.

Sibanye may close loss-making Cooke 4 mine, puts 2,500 jobs on the line

The company said financial losses at the mine threaten the viability of the rest of the Cooke operations, which include four mines and three processing plants.

South Africa girding for another platinum strike

In what seems like an annual event, platinum companies in South Africa are bracing for what could be another year of labour unrest.

South African gold miners to appeal ruling in silicosis case

If the class action goes ahead, it will affect almost every gold mine in South Africa, including their parent companies, covering their conduct over the last 50 years.

The world's 50 most valuable mining companies

Combined these mining and metal giants are worth $700 billion with operations in every corner of the world.

2017 Investing in African Mining Indaba introduces significant price reduction for mining corporates

Registration fees are as much as 50% lower than last year for mining corporates

Is it time to dump gold and buy platinum?

Bob Moriarty explains why precious metals investors may want to look beyond gold to a commodity with a long history and an interesting relationship to the yellow metal.

China's exhausting its gold reserves at 5 times the global rate

New report shows China extracted nearly one fifth of its gold reserves last year – the global gold production to reserve ratio is only 3.8%.

These are the world's 40 biggest mining companies

A lithium miner joins top ranks of listed mining firms for the first time as the price of the battery ingredient skyrockets.