HOME > PRECIOUS METALS > PLATINUM GROUP METALS

PLATINUM GROUP METALS

Will South Africa's unions kill its mines?

Thursday , 02 Sep 2010
Increasingly aggressive stances by unions are creating havoc in South Africa. At Northam Platinum, the union's "demand" of 15%, is in reality a ferocious 27%.

Bakubung in court victory

Friday , 27 Aug 2010
As legal fees continue soaring, Musa Capital and the Bakubung Traditional Council have been ordered by the High Court in South Africa to answer a litany of questions posed by a provincially appointed administrator

Palladium and Silver: Stocks and ETFs on fire

Friday , 27 Aug 2010
While the gold price is showing strength, silver and palladium are looking even better at the moment.

Impala Platinum announces 22% drop in FY profits

Thursday , 26 Aug 2010
The platinum miner said its results were hit by slack demand for the precious metal but, added it exects to see a slow recovery this year

Wesizwe shares jump on financing deal announcement

Monday , 23 Aug 2010
The South African platinum miner announced a $12.5m interim financing deal with aChinese bank for its Frischgewaagd-Ledig project

Impala Platinum, unions agree wage deal

Monday , 23 Aug 2010
South Africa's National Union of Mineworkers have reached a deal on wages and housing allowances with employer, Impala Platinum

Speculators buying up platinum - but trade wary

Friday , 20 Aug 2010
The global auto market continues to recover, but industrial consumers of platinum still seem wary of prices much above $1,550

Northam Platinum to issue bond to help pay for Booysendal

Friday , 20 Aug 2010
The platinum miner which posted flat earnings earlier in the day said it will issue a convertible bond to help fund the $493.4m mine build

Northam Platinum reports flat FY earnings

Friday , 20 Aug 2010
The Platinum miner said it expects to face challenges at its key Zondereinde mine

Drill rig simulator bought for Northam Platinum's Booysendal project

Monday , 16 Aug 2010
A new simulator for training on Sandvik's DD220 drill rig has been sold by South African sim manufacturer Thoroughtec for training for the new Booysendaal platinum mining project.

Impala Platinum expects 25% drop in FY earnings per share

Thursday , 12 Aug 2010
The platinum miner told the Johannesburg stock exchange it expects full year HEPS to be as much as 25% lower as a result of share-based expenses

Aquarius Platinum swings to net profit

Thursday , 12 Aug 2010
After posting a $45.7m loss last year, the platinum miner posted a net profit of $27.8m for the full year to June 2010

Platinum millions back in court

Wednesday , 11 Aug 2010
Will ZAR 640 million in cash, lost by a tribe in a BEE deal, be located, soon?

Lonmin re-able to sell base metals

Wednesday , 11 Aug 2010
The miner said said it will resume deliveries of base metals after South Africa's Department of Mineral Resources (DMR) overturned a previous instruction.

Lonmin shares plunge on South African government ban

Friday , 06 Aug 2010
Analysts say if the ban by the SA government on its sale of metals outside of the PGM complex could be a serious threat to its business; Lonmin is fighting the case

Lonmin sucker punched in new BEE debacle

Thursday , 05 Aug 2010
Erstwhile Lonmin director Sivi Gounden identified as mover and shaker behind 'order' from South Africa's DMR that the miner stop selling minerals outside the PGM classification

Minnesota Gov. ‘excited' about huge Nokomis copper-nickel-pgm project

Wednesday , 04 Aug 2010
Minnesota Gov. Pawlenty says he is 'excited' about Duluth Metals' and Antofagasta's proposed Nokomis copper-nickel-PGM project, one of world's largest.

Northam Platinum losing roughly 1,500 ounces of output per day

Friday , 30 Jul 2010
The miner says the loss is a result of shutting a shaft last week after two miners were killed; 5,000 workers also downed tools for the day to protest against mine safety levels

Aquarius Platinum boosts production 12% in Q4

Thursday , 29 Jul 2010
The miner, which has been in the news significantly recently said output grew 7% on the preceding quarter, helped by a restart at its Everest mine

National Union of Mineworkers delays strike at Impala Platinum

Tuesday , 27 Jul 2010
The union said the planned strike has been delayed to allow for further negotiations with company management

Long-term platinum fundamentals looking good - Johnson Matthey

Tuesday , 27 Jul 2010
While prices may have fallen around 11% in recent months, there are indications that platinum could be bottoming out.

Anglo Platinum announces six-fold jump in H1 profits

Monday , 26 Jul 2010
The group said it expected to continue to increase production and said the numbers were helped by higher metal prices

Platinum prices expected to gain this year, albeit slowly

Thursday , 22 Jul 2010
As economic recovery continues gradually, analysts expect the resultant rise in demand to push up prices of the metal used predominantly in autocatalysts

Lonmin says Q3 refined platinum sales halve

Thursday , 22 Jul 2010
The miner attributed the drop to a closure at its main furnace and reiterated its full-yearsales guidance

Johnson Matthey says Q1 profit jumps 47%

Wednesday , 21 Jul 2010
The British chemical company has recovered from a slump in demand and has forecast an improved full-year performance

An investment in platinum could outshine gold

Tuesday , 20 Jul 2010
The summer doldrums for metals prices are here - and we could see a couple of months of falls but long term platinum could prove a strong investment choice.

Aquarius to have some flexibility on safety improvements

Tuesday , 20 Jul 2010
The miner said Monday's meeting explained that it would be allowed to consult with the department to set out best practice mine by mine and would not be subjected to a blanket, unilateral rule