September 17, 2024

Magna Mining PEA update hikes return five-fold for Crean Hill nickel project

The PEA gives the underground mine a base case post-tax net present value (at an 8% discount) of C$194.1 million.

September 12, 2024

Sibanye to slash output to turn around US palladium mines

The miner recognized a $407 million impairment on the US operations due to a lower palladium price forecast.

September 12, 2024

South Africa’s platinum output back to pre-covid levels on job cuts

The World Platinum Investment Council says more than 10,000 jobs have been lost in 2024 amid falling PGM prices.

September 11, 2024

Zimbabwe’s biggest miners seek $182 million for solar projects

Zimbabwe faces an energy shortfall that often triggers the state-owned power company to implement rolling blackouts.

September 11, 2024

Anglo American nets over $400m from platinum unit share sale amid demerger plans

An accelerated bookbuild offering of about 13 million shares of Amplats was launched on Tuesday.

September 10, 2024

Anglo American launches share sale in platinum unit amid demerger plans

The shares on offer represent about 5% of Amplats' total issued ordinary shares.

September 10, 2024

EV slump powers platinum supply deficit, investment council says

The price of platinum has fallen about 4% this year to about $950 per oz.

September 10, 2024

Hybrid cars throw lifeline to platinum metals

PGMs - principally platinum and palladium - face a long-term structural decline in demand as their main use has been to clean auto exhausts.

September 6, 2024

Rusal says board recommends not paying H1 dividend

The company decided not to pay a final dividend for 2022 and did not pay for 2023.

September 6, 2024

African Rainbow Minerals pivots to chrome and copper after platinum price slump

The basket price of PGMs fell about 40% last year and the slide has continued into 2024.