Platinum hits 3-week low and palladium falls back below $800 an ounce.
Now a $2 billion stock, Stillwater Mining gaps higher again on Monday as South Africa-Russian supply picture darkens.
CEO Mark Cutifani said the Rustenburg operations were no longer considered one of the company’s core assets.
BHP is losing big money on its push for a coking coal spot market.
Palladium breaks through $800 to two-and-a-half year high as lease rates double and ETFs attract 270,000oz in two weeks.
The real reason platinum and palladium should rise over the coming years has nothing to do with geopolitics or labor issues, Rick believes.
Defying all expectations of a continued rally, palladium lost 3% and platinum fell back to pre-strike levels on Monday.
The top 10 producing gold mines in the world, from the gold capital Johannesburg to gold filled islands like Niolam Island.
What works well for gold may work for PGM, too.
Mining companies in Zambia use about 68% of the country’s electricity, while less than a quarter of the population has access to it.
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.
The mining giant believes demand for coal to keep growing over the next 20 years, driven mainly by China and India.
The separate company would be listed on the London Stock Exchange, as well as the Australian and South African markets.
The former Xstrata boss is already hunting for mining deals.
Spot Australian coking coal export price in single digits for the first time and contract prices at 6-year lows.
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).
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.
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.
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.
Precious metal hits two-and-half-year high over supply uncertainty from top producing countries.
The miner is warning the multitude of new legislation could send compliance costs soaring by tens of millions of dollars for global companies.
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.
50 mines are estimated to account for 90% of global rough diamond supply in 2014.
The new law also lets the state to acquire an unspecified additional share at an “agreed price,” among other debated changes.
Fresh evidence contradicts South African police account of the events, which claims most died as they opened fire when striking miners charged officers.
Tuesday’s apparent softening of the union position was not enough to keep negotiations open.
Get Mining News and Alerts
sent to your inbox daily