Platinum Mining News

Coal hurts Anglo American’s Q1 production, 2019 guidance unchanged

Production dropped 6% in the quarter.

Output at South Africa's Amplats hit by Eskom power cuts

Power cuts implemented by Eskom, which supplies more than 90 percent of electricity in Africa's most advanced economy, pose a threat to miners.

Africa's Sibanye-Stillwater lowers valuation for miner Lonmin

Sibanye-Stillwater has revised its offer for Lonmin, with new terms that gave a valuation for the struggling platinum miner that was about $77m less than originally proposed.

South African government says it intends to de-register AMCU union

AMCU, one of the largest trade unions in South Africa's mining sector, has thousands of members at gold and platinum mines.

JPMorgan ends a three-year bullish call on Anglo American shares

After almost three years of rating the mining giant’s stock as overweight, JPMorgan downgraded it to neutral on Wednesday.

Anglo steps up defense to repel Agarwal's interest: Telegraph

Anglo American’s defense advisers are said to plan attacks on the quality of Vedanta’s portfolio compared to Anglo’s assets.

Zimbabwe attracts two new investors to develop platinum mining projects

The southern African nation has the second largest platinum deposits after South Africa.

Five-month strike at Sibanye-Stillwater mines ends with deal

The company, South Africa's largest gold producer, has run up losses of about 1.6 billion rand ($114 million) and about 110,000 ounces of missed gold output because of the labour action.

Anti-mining activists in South Africa face harassment, death — report

Opponents to mining projects in South Africa are often harassed, threatened and sometimes even killed, according to a report by a group of human rights advocates including Human Rights Watch.

Platinum edges out of doldrums at last as labor threat looms

After months of being ignored in favor of market darling palladium, platinum is finally getting some attention from investors.

Cobalt, uranium and silver prices expected to rally in 2019

But the iron ore price surge won't last says new survey of commodity analysts.

This leading indicator looks bullish for gold

Platinum has a brief but clear history as a leading indicator for Gold.

Zimbabwe, Russia sign $4B platinum mine deal

The mine would be built on one of the largest platinum mining concessions in the country.

Zimbabwe mulls 'use it or lose it' approach to mining rights

Zimbabwe may withdraw mining rights from companies that take too long to dig for minerals.

Don't bet on platinum miners boosting supply on price surge

Prices for platinum, palladium and rhodium have all gained in recent months, boosting earnings for miners in top supplier South Africa.

World's biggest platinum miner braces for tough wage talks

The largest union in the platinum industry wants its members to share the benefits of higher prices.

South Africa's carbon tax could cost Amplats $21m a year from 2021 – CEO

South Africa’s parliament approved a long-delayed carbon tax bill in February as part of plans to reduce harmful emissions in the country.

$6 billion private capital ready to invest in mining

Fundraising by unlisted funds for investment in natural resource reached a record $93 billion last year.

South African mining charter challenge dents Ramaphosa plans

South African mining companies are challenging parts of a government charter aimed at redistributing the country’s mineral wealth, saying it will deter new investment in the industry.

South Africa's Sibanye-Stillwater will consider changing primary listing

The precious metals producer is looking into opportunities in gold and the battery metals sectors.

Lonmin warns on cash woes, urges shareholders to back Sibanye takeover

Lonmin Plc has been cutting spending to conserve cash and retain a positive balance sheet required by conditions of South Africa-based Sibanye's offer.

Russia ban, Fiat Chrysler drive palladium price to new record high

The precious metal is up nearly 90% since August.

South African court blocks mine union's plan for industry-wide strike

AMCU has been on strike at Sibanye-Stillwater's gold operations since mid-November in a pay dispute.

Anglo American hands land to South Africans amid expropriation push

The world’s top platinum supplier is handing over 270 hectares (667 acres) of land to people living in Rustenburg, northwest of Johannesburg. That almost doubles the area it has given to communities to 473 hectares since 2014.

Abramovich's Nornickel sale shows taste for Russian stock deals

Roman Abramovich’s sale of a stake in Russia’s biggest mining company shows investor appetite for the country’s assets is returning.