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 PGMs prices.
Platinum Group Metals
EV slump powers platinum supply deficit, miners say
The third-lowest platinum mining output this century can’t keep up with rising investment demand, jewelry and a sustained traditional car market using catalytic converters, according to an industry group. A…
JV Article: Power Nickel gains Friedland support in Nisk project expansion to copper, platinum
Power Nickel (TSXV: PNPN; US-OTC: PNPNF) shares have nearly tripled this year as the company transformed its resource-stage Nisk project in Quebec with a polymetallic discovery attracting billionaire mining investor Robert…
Video: Magna Mining starts bulk sampling at Crean Hill near Sudbury
Magna Mining (TSXV: NICU; US-OTC: MGMNF) is starting a 20,000-tonne bulk sampling program at its Crean Hill nickel project in Ontario’s Sudbury Basin for processing at Glencore’s (LSE: GLEN) Strathcona…
Video: ‘Big bang’ in commodity demand set to lift miners, Prins says
Global miners are set to benefit from rising needs for “real assets,” Nomi Prins, a macroeconomist and author of the newsletter PrInsights Global, says in a new interview. Global geopolitical…
Sibanye-Stillwater says mining ops still running as it faces cyberattack
Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) has confirmed reports of an ongoing cyberattack that has disrupted its IT systems globally. In a statement Thursday, the South African miner said it took…
Ramp Metals plunges after new gold assays in Saskatchewan
Ramp Metals (TSXV: RAMP) shares fell 25% on Monday after it reported assay results from its Rottenstone SW project in Saskatchewan that were a fraction of the mineralization in a…
Friedland, McEwen back Power Nickel’s oversubscribed $20M funding
Canadian explorer Power Nickel (TSX-V: PNPN) has closed its recent $20 million “oversubscribed” financing round backed by billionaire investor Robert Friedland and mining veteran Rob McEwen. The Toronto-based junior said…
Considering M&A? Here’s what to ask
A large copper miner in Chile only found it had been overpaying a royalty by a significant amount after three ownership deals and 20 years of operation, lawyer Greg McNab…
Green bonds grow as financing option
Green bonds are a rising source of funding as project developers widen their search for financing beyond stock markets, according to a panel at a New York mining conference. There…
Underground protest ends at Sibanye in South Africa
An underground sit-in at Sibanye-Stillwater‘s (JSE: SSW; NYSE: SBSW) Kroondal platinum operations in South Africa in its Kwezi shaft has ended, the company said, with all employees leaving the mine safely…
Palladium not written off the road yet, miners say
The price of palladium may gain in the short term if constraints on recycling tighten and car buyers remain wary of electric vehicles (EVs) because of high interest rates, the…