Some analysts think it's only a matter of time before manufacturers swap palladium for platinum, particularly if the former keeps trading at a premium. The metal is a byproduct of platinum and nickel mining and it is starting to run out, said mining analyst Ren?(C) Hochreiter of Noah Capital Markets. "The price
Johannesburg - Tharisa CEO Phoevos Pouroulis met Zimbabwe's President Emmerson Mnangagwa, on January 18, as the Cyprus-based platinum and chrome mining company looks for opportunities in the country with the world's second-biggest reserves of the metals. Pouroulis was accompanied to the
"The upfront disposal proceeds of R400m will be received in the form of cash on February 1 2018 and used to reduce net debt and further strengthen Anglo American Platinum's balance sheet," Amplats said in a media statement on Friday. At 10:45 Amplats shares were trading at R369.86 on the JSE,
Gold Fields said today it had sold Arctic Platinum to a Finnish subsidiary of private equity fund CD Capital Natural Resources Fund III (CD Capital), headquartered in London, for $40m. The purchase price comprises $40m in cash and a 2% net smelter return royalty on all metals produced should the mine
The South Africa-based miner said it produced a total of 1,2 million ounces of platinum group metals in the quarter, down from 1,3 million ounces in the same period a year earlier. Production from its own-managed mining operations rose four percent to 624 200 ounces due to a strong performance at its
AMS Anglo American Platinum to complete sale of Union Mine and MASA Chrome ANGLO AMERICAN PLATINUM LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1946/022452/06) Share Code: AMS ISIN: ZAE000013181 ("Anglo American Platinum" or ?the Company") Anglo
Mogalakwena PGM production increased by 15% to 282 200 oz as a result of an increase in built-up head grade, in-line with the mine plan, and optimization to the North Concentrator Plant leading to an increase in concentrator throughput. Platinum production was up 18% to 121 700 oz, and palladium up
The Global Platinum Mining Market research covers each aspect of the market highlighting various segments of the Platinum Mining market, market dynamics, market risk factors, market opportunities and challenges. Every segment's prime end-use applications and the geographical distribution of the
Gold Fields has finally sold the Arctic Platinum Project, which has been in its portfolio for 18 years and never advanced beyond exploration, numerous studies and hopes by the board it would be a mine one day. The Finnish arm of London-based private equity group CD Capital Natural Resources Fund
ZIMBABWE, which has the world's second-biggest platinum reserves, may lift a requirement that companies mining the metal or diamonds must be at least 51 percent owned by black citizens of the country, President Emmerson Mnangagwa said. Mnangagwa, who became president in November after
Anglo American Platinum (Amplats), the world's largest source of the metal, kept its full-year output intact despite a weaker fourth quarter after the closure of the unprofitable Bokoni mine dragged production down 4% in the last three months of 2018. Amplats, which is 80% owned by Anglo American,
Brian McMaster and the Jangada Mines (LN:JAN) team are getting ready to take its Brazil platinum group metal story to an investment crowd that know
Against this background, Zimbabwe's three platinum mines, which also include Zimplats and Mimosa were directed by Government to set up platinum smelters. Unki is exporting about 5 000 tonnes of platinum concentrate per month to South Africa for processing. An online publication, miningweekly quoted
To cope with falling prices and rising costs, Lonmin has been cutting jobs and closing older mines. Last month it recommended a $285 million all-stock offer from Sibanye-Stillwater, a rapidly expanding precious metals miner that recently bought some of Anglo American's older and less profitable platinum
Nickel Creek Platinum Corp. (TSX: NCP; OTCQX: NCPCF) is a Canadian mining exploration and development company focused on advancing its 100%-owned Nickel Sh??w project with a view to creating Canada's next world-class nickel sulphide mine. The project has exceptional access to infrastructure,
The bulk of Lonmin's losses came from an impairment of just over $1bn as it wrote down the value of its platinum mines in the Marikana region. Stripping out this hit, it made an adjusted operating loss of $26m for the year. Revenue rose 4.6pc to $1.16bn while production slipped slightly to 10.1 million tons
The results were the clearest demonstration yet of why Lonmin is a takeover target by gold and platinum miner Sibanye-Stillwater. Lonmin's lenders have agreed to waiver their covenant conditions until February 2019, the latest date by which the assets should have a new owner. The price of the waiver
Impala Platinum mines palladium, which is doing rather well at the moment, but its main product - platinum - is stubbornly resistant to price improvement. The rand
Many people are skeptical of asteroid-mining because they imagine that the goal is to bring platinum back for sale in Earth's metals market. Reporters repeatedly cite an irresistible statistic that the platinum in an asteroid can be worth trillions of US dollars, but anyone with an understanding of economics
In January 2035, a US company becomes the first to successfully mine minerals from space and transport the cargo back to Earth. The haul contains huge quantities of gold and platinum, although it is only a fraction of the resources from the asteroid. The price of gold falls by 50 per cent. In the spring of