South Africa looks to mining industry to fuel covid-19 recovery

The precious metals producer is looking into opportunities in gold and the battery metals sectors.

The company says the acquisition of the St. Laurent project supports its strategy of exploring for battery and energy metals.

Lonmin Plc has been cutting spending to conserve cash and retain a positive balance sheet required by conditions of South Africa-based Sibanye's offer.

Wheaton exceeded production guidance for gold, silver and palladium by 5%, 9% and 41%, respectively.

The precious metal is up nearly 90% since August.

AMCU has been on strike at Sibanye-Stillwater's gold operations since mid-November in a pay dispute.

The world’s top platinum supplier is handing over 270 hectares (667 acres) of land to people living in Rustenburg, northwest of Johannesburg. That almost doubles the area it has given to communities to 473 hectares since 2014.

Fiat Chrysler’s recall of almost 862,520 gasoline-fueled vehicles could spur additional demand for the palladium market already reeling from shortages.

Roman Abramovich’s sale of a stake in Russia’s biggest mining company shows investor appetite for the country’s assets is returning.