Production dropped 6% in the quarter.
Platinum Mining News
Power cuts implemented by Eskom, which supplies more than 90 percent of electricity in Africa's most advanced economy, pose a threat to miners.
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.
AMCU, one of the largest trade unions in South Africa's mining sector, has thousands of members at gold and platinum mines.
After almost three years of rating the mining giant’s stock as overweight, JPMorgan downgraded it to neutral on Wednesday.
Anglo American’s defense advisers are said to plan attacks on the quality of Vedanta’s portfolio compared to Anglo’s assets.
The southern African nation has the second largest platinum deposits after South Africa.
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.
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.
After months of being ignored in favor of market darling palladium, platinum is finally getting some attention from investors.
But the iron ore price surge won't last says new survey of commodity analysts.
Platinum has a brief but clear history as a leading indicator for Gold.
The mine would be built on one of the largest platinum mining concessions in the country.
Zimbabwe may withdraw mining rights from companies that take too long to dig for minerals.
Prices for platinum, palladium and rhodium have all gained in recent months, boosting earnings for miners in top supplier South Africa.
The largest union in the platinum industry wants its members to share the benefits of higher prices.
South Africa’s parliament approved a long-delayed carbon tax bill in February as part of plans to reduce harmful emissions in the country.
Fundraising by unlisted funds for investment in natural resource reached a record $93 billion last year.
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.
The precious metals producer is looking into opportunities in gold and the battery metals sectors.
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.
The precious metal is up nearly 90% since August.
AMCU has been on strike at Sibanye-Stillwater's gold operations since mid-November in a pay dispute.
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.
Roman Abramovich’s sale of a stake in Russia’s biggest mining company shows investor appetite for the country’s assets is returning.