Palladium One samples Tyko

Sunday Lake is located 95 km south of North American Palladium’s mine.

Gross profit is expected to rise to 6.8 billion rand from a restated figure of 1.1 billion rand a year earlier.

Anglo American Platinum wants to develop a lithium battery that uses platinum group metals instead of cobalt and nickel.

The AMCU demanded a monthly basic wage of 17,000 rand ($1,145), a raise of about 48%.

Consistent performance from platinum group metal operations helped to offset disruption at the group's gold mines.

Royalty payments are estimated to climb 70%.

Foreign investors can now take majority stakes in the platinum and diamond sectors.

Holdings in exchange-traded funds backed by bullion extended gains to the highest since April 2013.

As the global demand for base metals grows, the mining industry is on the hunt for new deposits that can be developed into operating mines.