Platinum and gold sectors among the worst performers due to labour strikes that cripple the industry early this year.
Founder of Jefferson Financial, producer of the New Orleans Investment Conference and Gold Newsletter, believes at least a small amount of the massive liquidity produced by loose monetary policy in Western economies will find its way into mining equities .
Countercyclical investors sitting on $8 billion unspent funds have been waiting for clear signs of a market bottom. The wait may well be over.
The ironic thing is that futures speculators fantastic Q2 2013 gold-downside bet hasn’t worked very well since then.
A big corporate break-up à la BHP Billiton is definitively not in his books, he told FT.com.
It has given 20% to 20 local groups, 3% to black entrepreneurs and managerial employees, and another 3% to historically disadvantaged South African staff.
There's a history there of course. Just ask Mick Davis.
Palladium drops sharply from 13-year highs. Sister metal platinum close to wiping out 2014 gains.
Here is one interpretation of when we’ll run out of each metal or energy source.
But platinum slide continues despite Ukraine escalation.
Capital raising for exploration up more than 32%.
Gold and silver have value as hedges against a devaluation of the dollar, while platinum is viewed as an industrial commodity.
Supply fears have pushed prices higher, but industry worries are shifting to softening demand.
It hit $900 a troy ounce for the first time since 2001.
The strategic review will focus on the potential introduction of third-party strategic investors or joint-venture parties for the Kamoa and Kipushi copper projects in the DRC.
The rebooting of its Kusasalethu mine provides a stark warning for those banking on South Africa's platinum sector making a swift recovery.
Still only 2% of global spending on infrastructure projects according to new report.
Write-downs also hurt bottom line, yet production robust.
China produces 20 million vehicles a year and has to double the average palladium load to catch up with US emissions standards.
Better access to US minerals would encourage manufacturers to return.
The mines account for over half of the company's workforce but only a quarter of production.
Output from the rest of Anglo's diversified mining assets rose, but it wasn't enough to offset underperformance at its platinum mines.
The firm warned first-half profit may drop as much as 96%.
The National Union of Metalworkers in South Africa (NUMSA) has rejected the latest offer because it didn't include a double-digit wage increase for all three years.
Platinum and palladium were also dragged higher by gold.
Gold will be revealed as the best form of money ever invented.
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