September 9, 2015

Anglo sells platinum mines in S. Africa to Sibanye for $330m

The deal involves an upfront payment of 1.5 billion rand, with a minimum deferred payment of 3 billion rand, equal to 35% of cash flow generated by the operation.

September 8, 2015

Skeena Drilling Intersects 2.0 m grading 74.5 g/t Au and 2.9 m grading 38.5 g/t Au at Spectrum

"Over 80% of the 2015 holes for which we have assays have yielded high-grade gold intervals."

September 8, 2015

Major banks’ commodities revenue down 25% in first half

Revenue earned by leading banks from commodity trading, selling derivatives to investors and other activities in the sector fell to $2.6 billion from $3.5 billion in the same period of…

September 8, 2015

BofA Merrill Lynch: Gold below $1,000 in 2016

"The combination of higher nominal opportunity costs and lack of inflation has hardly ever been bullish in the past 40 years, " says investment bank.

September 8, 2015

Copper price rallies 6%

Glencore's bold move and huge jump in Chinese concentrate imports light fire under copper price.

September 8, 2015

Done deal? Amplats said to have sold platinum mines to Sibanye for $100M

The companies are expected to make an official announcement on Wednesday.

September 8, 2015

INFOGRAPHIC: Most Assets Hurting, but one stock market has bucked the trend

Deutsche Bank recently provided a graphical snapshot that covers the returns of a wide span of assets both YTD and since the mid-August meltdown.

September 8, 2015

SA platinum cuts to hurt global output over next two years

Supply for the year, however, is expected to increase by 9% to 7.91 million ounces, owing to the recovery in the country’s output following strikes in 2014, as well as…

September 8, 2015

Could gold prices soar in September?

Gold prices began this week on a slightly negative note as prices drifted back towards their lowest levels since mid-August.

September 8, 2015

South African president to broker talks on mining job cuts

Mining employs about 440,000 in South Africa and makes up more than half of its exports.