Platinum Mining News

Zimbabwe hopes to transform mining sector with $4.2 bln platinum deal

It was unclear where all the funding would come from and analysts said the project start date of July looked very ambitious.

South Africa black ownership to roll out in May

Newly appointed Minister of Mineral Resources Gwede Mantashe said the key to regain investors and miners confidence in the South Africa’s mining sector was to finalize revised plans for black ownership in the industry in the coming weeks.

Zimbabwe changes majority black ownership for diamond, platinum mines

The mpowerment laws now limit majority ownership by state miners only to the diamond and platinum sectors, as oppose to the entire mining sector.

Battle to keep Lonmin platinum deal alive hinges on the rand

The strengthening rand, which squeezes profits for both producers, could make the transaction less attractive for Sibanye.

Platinum market forecast to remain in balance in 2018

Global platinum supply is forecast to be 7,815 koz in 2018, a decline of 2% from 2017.

South Africa's AngloGold backs Randgold's negotiations with Congo govt

Mining companies operating in the country vigorously oppose new code to be signed into law.

South Africa's mining charter to be finalized in three months

Uncertainty around the charter has deterred investment into a sector that accounts for 8% of gross domestic product in the world's top platinum producer

Platinum price crashes through $1,000 after German diesel ban

Emissions scrubbing in vehicles accounts for over 40% of platinum demand, and landmark ruling will hasten demise of engine technology.

Unloved platinum stocks show promise for $45 billion manager

Some platinum stocks are looking attractive again as oversupply that depressed prices for years subsides.

Sibanye-Stillwater turns off dividend tap after annual loss

In lieu of the cash dividend, it will undertake a "capitalisation issue" that will see four ordinary shares given to shareholders for every 100 they hold.

Anglo American 'shows off' — doubles profits, halves debt, pays highest divvy in a decade

Company became the latest top miner to report soaring profits, hefty dividends and lighter debt burden.

BHP rebuffs Elliott as first-half profit hits three-year high

The New-York based fund argues an overhaul could add more than $22 billion in value for shareholders and wants BHP to conduct an independent study.

Signs of thaw in South Africa mine fight as Ramaphosa starts

SA mining companies agreed to postpone a legal challenge to the government’s new industry rules after Ramaphosa said he’s committed to finding a solution.

Amplats announces first dividend in 7 years, plans no big projects this year

Amplats' investment stance highlights the fragile state of platinum mining in South Africa.

Mining M&A jumps to 4-year high – expect more in 2018

New report says "deals in lithium, copper and cobalt are expected to feature high on the agenda of management teams across the industry."

Deripaska takes on Potanin as mining tycoons battle in court

Three billionaires faced off in London court on Friday in a conflict triggered by Roman Abramovich’s desire to sell his stake in MMC Norilsk Nickel PJSC.

Platinum market set for another surplus in 2018 — Johnson Matthey

Platinum demand fell nearly 7 percent last year, with sharp falls seen in Japanese investment and Chinese jewellery buying as well as a slowdown in consumption by carmakers, who use the metal in catalytic converters.

Another death at one of Sibanye-Stillwater gold mines

A worker died on Monday night while clearing a blocked ore pass at the company’s Driefontein gold operation in South Africa.

Zimbabwe to consider waivers on platinum, diamonds ownership law

Nation to consider applications from platinum, diamonds mining companies exempted from requirement that they be at least 51 pct owned by black citizens.

Sibanye-Stillwater $108 million-move on DRDGold OK'd

South African competition authorities have approved the exchange of selected Sibanye-Stillwater's assets for a 38% stake in DRDGOLD Ltd.

Russia's Nornickel to grow platinum group metals mining in new JV

The world's leading palladium producer is planning a joint venture with Russian Platinum.

Second accident in a week at a Sibanye-Stillwater mine kills two

Two employees were trapped underground and later died in a fall of ground incident at the company's Kloof gold mine.

Mining companies are suddenly positive on South Africa again

Cyril Ramaphosa isn’t even president yet and mining companies are already changing their tune on South Africa.

Zimbabwe to enter lithium market with $1.4bn mine

Country is backing Prospect Resources’ (ASX:PSC) Arcadia lithium project, expected to generate that much revenue over eight years.

Palladium rally may mean auto catalytic converter price hikes coming

Increased automotive industry demand and a supply shortage boosted the price of palladium to an all-time high of $1,138.00 on Jan 15