The Company is focused on the operation and development of platinum and palladium mining operations. Its projects include Maseve Mine and Waterberg.. The company makes its home in Vancouver, BC, and is currently under the leadership of CEO R. Michael Jones. Platinum Group Metals Ltd. has hit a
JOHANNESBURG (miningweekly.com) - Platinum group metals (PGM) mining finds itself in a precarious situation. The price of platinum is in decline, producers' profits have dropped significantly, the operational costs have been increasing, the threats of retrenchments are constant, the current regulatory
Platinum Group Metals Ltd is a mineral exploration and development stage company. The Company is focused on the operation and development of platinum and palladium mining operations. Its projects include Maseve Mine and Waterberg.. Platinum Group Metals Ltd. makes its home in Vancouver, BC,
The a study document titled EMEA (Europe, Middle East and Africa) Platinum Mining industry gives helpful observations into the general trends as well as the points that propel this World-wide market . This industry examine completely covers the salient highlights of the EMEA (Europe, Middle East and
Since listing in 2013, Sibanye has done eight deals in gold and platinum group metals (PGMs) worth more than R45bn, rapidly growing into a formidable mining company in the PGM space and the largest producer of South African gold. Its appetite for deals remains undimmed despite the hefty debt
"The mining sector continues to be under significant pressure with, for example, 65% of platinum mines are currently loss-making. "We have already seen a number of instances where mining companies have been forced to restructure to ensure their survival, with the number of people employed in the
The shares of the world's third-largest platinum producer have lost 90% of their value since 2015 as the company has been hammered by falling metal prices, high costs and violent labour unrest, notes the FT. Lonmin started out as the London and Rhodesian Mining and Land Company and became a
Johannesburg - Royal Bafokeng Platinum has won a court order to transfer workers from Aforika Borwa Mining Solutions (ABMS), after terminating its contract with the company, which has links to the Gupta family. ABMS is an offshoot of Westdawn Investments, the Gupta family's better-known mining
The recent participation of Implats, the world's second largest platinum producer with fully integrated mine to market operations, represents a significant step in the advancement of the Waterberg Project towards potential development and production. "We are very pleased with the work completed by the
There's any number of ways the team believes Australia could be on the cusp of astroid mining: either by sending spacecrafts out to nearby asteroids, or the more exotic option of trying to land an asteroid on Earth. "This is not actually as far-fetched as it is made out to be. We're looking at having a prototype
That new beginning will be as part of Froneman's growing empire of precious metals mining. Sibanye, which owns a nearby platinum mine, will get access to processing facilities for the first time. The new company will represent 25 percent of the concentrated platinum market, according to Liberum Capital
THE 51/49 percent shareholding requirement under the Indigenisation and Economic Empowerment Act would now be applied on investments to extract two precious minerals - diamonds and platinum. Finance and Economic Development Minister Patrick Chinamasa said this yesterday while presenting
Platinum Group Metals (TSX:PTM,NYSE:PLG) is proceeding with its $74 million sale of its Maseve Mine to Royal Bafokeng Platinum (RBPlat) (JSE:RBP), which was first announced in September. The company said it had completed due diligence and and the execution of binding legal agreements
In its latest Platinum Quarterly report, the World Platinum Investment Council predicts a deficit of 275 koz of the precious metal for 2018 caused by an increase in jewellery and industrial demand. Overall supply is probably going to drop by 1% next year "due in part to a 2% reduction in South African mine
WallStEquities.com has initiated research reports on the following Industrial Metals & Minerals stocks: Denison Mines Corp. (NYSE AMER: DNN), Platinum Group Metals Ltd (NYSE AMER: PLG), Uranium Energy Corp. (NYSE AMER: UEC), and Hudbay Minerals Inc. (NYSE: HBM). Following registration on
Under its bid, Sibanye will offer 0.967 new Sibanye-Stillwater shares for each Lonmin share, giving Lonmin shareholders about 11.3 percent of the enlarged group. Under the deal, Lonmin would put all of its older mines on care and maintenance, which means operations stop but they are kept in a condition
Government has slashed the rate of royalty for all platinum group mining companies to 2,5 percent from 10 percent, a move the Chamber of Mines of Zimbabwe says will go a long way in enhancing viability at a time prices are depressed. This also comes as Government indicated it had deferred the 15
INTERNATIONAL - Anglo American Platinum, Impala Platinum and Sibanye Stillwater will still be required to cede 51percent shares in Zimbabwean operations under indigenisation requirements which have been scrapped for all other sectors, although the platinum miners have received a reprieve after the
Platinum Mining Market Report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. Platinum Mining Industry Report covers the present scenario of key drivers, challenges and Opportunities with its impact by regions and the growth prospects of the
Its mining, smelting and refining operations are based in South Africa. Elsewhere in the world, the Group owns Unki Platinum Mine in Zimbabwe. Anglo American Platinum has a number of joint ventures with several historically disadvantaged South African consortia as part of its commitment to the