June 22, 2012

Aquarius Platinum puts Everest Mine on care and maintenance

Due to an platinum market that is an “abiding surplus”, the board at Aquarius Platinum (LON:AQP) placed its Everest mine on care […]

June 21, 2012

Billions wiped off metal stocks after China, EU and US deliver economic shocks

The mining sector's bellwether companies were all beaten down on Thursday as the price of metals and minerals continued to slide and economic indicators from across the globe painted a…

June 21, 2012

Traders with Bernanke blues sell off metals, gold drops $50

The slide in the spot price of gold triggered by disappointment over the Fed's actions – or lack thereof – yesterday accelerated in Thursday trade with the precious metal giving up $50…

June 20, 2012

Barclays remains positive about PGMs, favours palladium

Barclays Capital analysts say the pullback in platinum group metals since winter offers “attractive buying opportunities: "We expect palladium prices to average $700/oz in 2012 and platinum to average $1,622/oz."

June 19, 2012

Burundi makes nickel debut

Burundi is slowly entering the global mining economy. Two imminent projects are Muremera nickel, in the target outline stage, and Musongati, targeting nickel, cobalt, copper and platinum.

June 18, 2012

Prophecy’s positive PEA prompts 12% gain

After announcing an economic report today, shares in Prophecy Platinum traded hands at six times their usual volume.

June 17, 2012

End of the supercycle is also spelling the end of radical resource nationalism

"Natural resources companies with a pipeline of, say, five projects in five different countries are now likely to build just two or three of those. Thus, executives have the power…

June 15, 2012

Chrome ore China tariff threat to South Africa’s platinum producers

A vital revenue stream for platinum miners — chrome ore — may be choked off if ferrochrome producers are successful in lobbying for a protectionist export tariff of $100/ton in…

June 13, 2012

Small and medium-sized miners: It’s time to dust off your hedge book

A hedging u-turn is in the making.

June 12, 2012

334,000 SA platinum ounces at risk – Standard Bank

The recent turmoil in Europe and generally poor platinum price performance over the last few months has left South African platinum producers struggling and, marginal assets under threat.