August 3, 2011

Platinum miner Stillwater’s profit misses, stock slide continues

Platinum and palladium producer Stillwater Mining Co's quarterly profit almost tripled, but the results fell short of Wall Street expectations and the company's stock slipped. Analysts said investors are concerned…

August 2, 2011

South Africa mine nationalization ‘closest since end of apartheid’

Businessweek quotes a confidential report prepared for South Africa's mining CEOs as saying South Africa’s ruling party is closer to some form of nationalization than at any other time since…

July 29, 2011

Minting $2 trillion of platinum coins to sidestep the debt crisis

The United States Congress still can't pass legislation to raise the nation's debt ceiling, but a Yale Law professor suggests that President Obama could sidestep lawmakers and ensure that bills…

July 29, 2011

Anglo American CEO interviewed on half-year results

Anglo American, one of the world's largest miners, today reported strong first half growth with operating profit ahead 40% to $6bn. Chief Executive Cynthia Carroll said that investments made during…

July 27, 2011

Zimbabwe stays crucial to platinum producers amid tough new indigenization laws

The Zimbabwean reports Angloplat, the world's number one producer said it was optimistic about coming to an agreement with the Zimbabwean government over its Unki mine and Aquarius Platinum's record…

July 27, 2011

Gold sidelining platinum/palladium, may hit $1 800/oz by Christmas – UBS

Gold is sidelining platinum and palladium and could hit $1 800/oz by Christmas, says UBS bullion bank precious metals strategist Dr Edel Tully, who describes the present as “an extremely…

July 26, 2011

Aquarius boosts Q4 output 3 pct, but SA volumes fell short

The world’s fourth-largest platinum miner Aquarius Platinum increased its attributable production by 3% year-on-year to 114 260 platinum group metal (PGM) ounces, but CEO Stuart Murray said on Tuesday volumes…

July 24, 2011

Is platinum undervalued

When it comes to investing in precious metals, most investors tend to focus on gold and silver. With gold in the midst of a multi-year bull market, and trading at…

July 21, 2011

Lonmin reaffirms platinum sales target; upgrades unit costs

Lonmin PLC (LMI.LN), the world's third largest primary platinum producer, Thursday said it expects to meet its annual platinum sales target, provided there are no work stoppages, and raised its…

July 19, 2011

PGMs, nickel explorer ends dispute with Constance Lake First Nation

Thunder Bay-based Zenyatta Ventures has ended its dispute with Constance Lake First Nation after the leadership of the 1,470-strong community decided to no longer pursue a motion of injunction against…