Platinum Mining News

South Africa imposes tough conditions on Sibanye-Lonmin deal

The transaction would create the world’s No.2 platinum producer as Lonmin is the world’s third-largest while Sibanye-Stillwater is the fourth.

How Anglo quietly built a commodity trader in Glencore's shadow

In just five years, Anglo assembled marketing operations that now sell more metals than the company produces.

Top platinum mines keep digging even as price at decade low

Although about half of South African output is estimated to be unprofitable, few companies are reducing production by a meaningful amount.

South Africa's Implats CEO confident of funding during restructuring

Implats is confident of having adequate cash while restructuring its operations and cutting its workforce despite reporting a wider full-year loss.

Mining exploration spending in Australia jumps to 5-year high

Drilling at new projects up 57% as spending on gold exploration reaches 21-year high.

Luxembourg’s mining-focused Space Agency ready to lift off

Unlike US space agency NASA, Luxembourg Space Agency (LSA) will not carry out research or launches. Its purpose is to boost exploration, mining and commercial utilization of resources extracted from near earth objects.

Lonmin's largest shareholder backs takeover by Sibanye-Stillwater

Lonmin has been the biggest casualty in South Africa's platinum mining industry.

India's Anil Agarwal succeeds with Vedanta Resources buyout

Some in the industry see this move as a prelude to a potentially broader deal with bigger miner Anglo American.

Zimplats FY profit tumbles after higher deferred tax charge

Platinum miner Zimplats on Friday reported a 94 percent drop in after-tax profit to $2.6 million after incurring a higher deferred tax charge.

Special Report: The platinum opportunity – part 1

Over the past six months, platinum’s price has continued its multi-year decline, falling below $800 – close to its lowest level in a decade.

Platinum-gold alloy is the most wear-resistant metal in the world

Researchers say the alloy could save the electronics industry more than $100 million a year.

Amplats taking steps to control emissions from South African platinum smelter

The Polokwane smelter is becoming environmentally friendlier.

Quebec miner looking for cobalt and precious metals

Manganese X Energy now wants a taste of the cobalt market.

Western Australia junior gets 'conerstone' funding from Chinese battery manufacturer

Advancing a nickel-copper-PGE sulphide deposits and gold in Western Australia.

South Africa's Impala Platinum flags wider full-year loss

Implats said on Monday that it expects its full-year loss to widen due to impairments relating to its Rustenburg assets.

More pain seen as economists cut key South African forecasts

Things are looking better for the second half of the year and 2019, but remain challenging in many areas, with platinum and gold prices falling.”

Currency shocks knock platinum to 10-year lows

Platinum has been caught in a broad sell-off as investors rush to the safety of the dollar.

Afraid of no-one and ready for a long strike, union leader tells Implats

Members of South Africa's AMCU mining union are ready to strike for a year if necessary if Impala Platinum carries out plans to cut up to 13,400 jobs.

USTR reviewing Turkey's trade preferences after tariff retaliation

Imports of jewelry, precious metals and stone products would be under the microscope.

Stellar rhodium price rally could be coming to an end

Price for scarce precious metal rhodium is up 270% in two years.

South Africa's Sibanye-Stillwater forecasts first-half profit

Sibanye-Stillwater is due to report half-year results on August 23.

Implats to Cut 13,000 Jobs and Reduce Shafts to Stem Losses 

13,000 jobs to be slashed as the local platinum industry grapples with rising costs and weak prices for the precious metal.

Platinum's worst may soon be over despite record bearish bet

Platinum’s near the lowest in a decade and hedge funds have never been so bearish -- and that could be good news for prices.

Amplats reports jump in H1 earnings, buys Glencore's stake in Mototolo platinum mine

Anglo American Platinum kept the dividend tap flowing as it reaps the benefits of a pivot to mechanised mining that has lifted productivity and cut costs.

Lakes, rivers near abandoned mine sites likely source of antibiotics

Canadian researches came to such conclusion after spending years examining waterbodies located within five kilometres of abandoned mine sites.