South Africa

Platinum, palladium sell off after producers raise wage offer

Frik Els | April 17, 2014
Platinum strikers vow to fight on even as metal price goes soft

Platinum hits 3-week low and palladium falls back below $800 an ounce.

Only US platinum, palladium producer on massive tear

Frik Els | April 14, 2014
Only US platinum, palladium producer on massive tear

Now a $2 billion stock, Stillwater Mining gaps higher again on Monday as South Africa-Russian supply picture darkens.

Anglo gives fresh signs it wants to offload platinum mines

Cecilia Jamasmie | April 14, 2014
Anglo gives fresh signs of looking to offload its platinum mines

CEO Mark Cutifani said the Rustenburg operations were no longer considered one of the company’s core assets.

BHP can't do for coking coal prices what it did for iron ore

Frik Els | April 13, 2014
BHP can't do for coking coal prices what it did for iron ore

BHP is losing big money on its push for a coking coal spot market.

The big palladium rally is finally under way

Frik Els | April 11, 2014
Palladium breaks through $800

Palladium breaks through $800 to two-and-a-half year high as lease rates double and ETFs attract 270,000oz in two weeks.

Rick Rule: platinum, palladium supply squeeze will turn ugly

Sprott Group | April 7, 2014

The real reason platinum and palladium should rise over the coming years has nothing to do with geopolitics or labor issues, Rick believes.

Platinum, palladium prices tank

Frik Els | April 7, 2014
Platinum, palladium prices tank

Defying all expectations of a continued rally, palladium lost 3% and platinum fell back to pre-strike levels on Monday.

INFOGRAPHIC: Where in the world is the gold?

Physical Gold | April 7, 2014
physical-gold-mines (2)

The top 10 producing gold mines in the world, from the gold capital Johannesburg to gold filled islands like Niolam Island.

Sibayne Gold may pick up SA platinum mines from distressed miners

Michael Allan McCrae | April 6, 2014
sibanye gold distressed platinum feat

What works well for gold may work for PGM, too.

Zambia miners can’t afford 29% power price hike — chamber

Cecilia Jamasmie | April 4, 2014
Zambia miners can’t afford 29% power price hike — chamber

Mining companies in Zambia use about 68% of the country’s electricity, while less than a quarter of the population has access to it.

Anglo American considers closing platinum mines in South Africa

Cecilia Jamasmie | April 2, 2014
Anglo American considers closing platinum mines in S. Africa

The now three-month strike over pay in the country's platinum belt has forced Amplats to declare a force majeure on a long list of suppliers.

BHP bullish on coal demand, but says prices to remain weak

Cecilia Jamasmie | April 2, 2014
BHP bullish on coal demand, but says prices to remain weak

The mining giant believes demand for coal to keep growing over the next 20 years, driven mainly by China and India.

BHP Billiton mulls spinning off non-core divisions into $18bn firm

Cecilia Jamasmie | April 1, 2014
BHP Billiton mulls spinning off non-core divisions into a $18bn firm

The separate company would be listed on the London Stock Exchange, as well as the Australian and South African markets.

Mick Davis scores $3.75 billion to build new mining empire

Cecilia Jamasmie | March 31, 2014
Mick Davis has got $3.75 billion and is ready to build a new mining empire

The former Xstrata boss is already hunting for mining deals.

Coking coal price crashes through $100

Frik Els | March 27, 2014
Coking coal price crashes through $100

Spot Australian coking coal export price in single digits for the first time and contract prices at 6-year lows.

Southern African miners at high risk of dying from tuberculosis — report

Cecilia Jamasmie | March 27, 2014
South African miners three times more at risk of dying from tuberculosis — report

The frequency of TB among mineworkers is ten times higher than the level of a health emergency as defined by the World Health Organization (WHO).

Lonmin management told to take leave as platinum strike goes on

Cecilia Jamasmie | March 26, 2014
Lonmin management told to take leave as platinum strike goes on

Earlier this month the company said it would not hit its sales guidance of 750,000 ounces of platinum annually, as it has already lost 90,000 ounces since the strike began.

South Africa platinum strike damage irreversible, losses close to $1bn

Cecilia Jamasmie | March 25, 2014
South Africa platinum strike damage irreversible, losses close to $1bn

Platinum miners said the financial cost of the strike doesn’t really tell the full story, as the real victims are those suffering from hunger, lack of businesses and increased violence on the streets.

Five reasons the platinum price should take off

Frik Els | March 24, 2014
Five reasons the platinum price should take off

Stats like platinum-backed ETF holdings surging to a record high have so far failed to move the price. Speculators are betting that's about to change.

Palladium price soars on South Africa strikes, Russia tensions

Frik Els | March 21, 2014
Palladium price soars on South Africa strikes, Russia tensions

Precious metal hits two-and-half-year high over supply uncertainty from top producing countries.

Rio Tinto to pay an extra $75 million in taxes on new rulings

Cecilia Jamasmie | March 16, 2014
Rio Tinto to pay an extra $75 million in taxes on new rulings

The miner is warning the multitude of new legislation could send compliance costs soaring by tens of millions of dollars for global companies.

Rio Tinto’s Sam Walsh scores $9m after pay increase in first year

Cecilia Jamasmie | March 14, 2014
Rio Tinto’s Sam Walsh scores $9m pay increase in first year

The figure includes salary, a cash bonus, shares and other benefits for the man who was able to take Rio Tinto from a US$3 billion loss to a US$3.7 billion profit in a year.

The state of global rough diamond supply 2014

Paul Zimnisky | March 13, 2014
Rough diamond supply 2014

50 mines are estimated to account for 90% of global rough diamond supply in 2014.

South Africa approves law that gives state a 20% of oil, mining firms

Cecilia Jamasmie | March 12, 2014
South Africa approves law that gives state a 20% stake in oil, mining firms

The new law also lets the state to acquire an unspecified additional share at an “agreed price,” among other debated changes.

South African police shot Marikana miners as they fled: lawyer

Cecilia Jamasmie | March 12, 2014
South African police shot Marikana miners as they fled: lawyer

Fresh evidence contradicts South African police account of the events, which claims most died as they opened fire when striking miners charged officers.

South Africa platinum talks to end 6-week strike break down

Cecilia Jamasmie | March 5, 2014
South Africa platinum talks to end 6-week strike break down

Tuesday’s apparent softening of the union position was not enough to keep negotiations open.

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