Platinum Top Stories

South Africa just hiked black ownership rules, miners getting crushed

The country will require local miners to be 30% black-owned and has set a 12-month deadline for them to comply with the new rules.

Cecilia Jamasmie | June 15, 2017 | 6:15 am

Anglo American appoints takeovers expert as new chairman

Stuart Chambers, 61 and former chairman of UK chip designer…

Cecilia Jamasmie | June 7, 2017 | 4:03 am

CHART: Commodity prices slump to 50-year low against US stocks

S&P500 most expensive compared to commodities since late 1960s despite…

Frik Els | June 5, 2017 | 1:06 pm

‘Strong hand’ may be pushing palladium price higher

Back within shouting distance of 2-year highs amid talk of…

Frik Els | May 31, 2017 | 5:22 pm

Miners frozen out as South Africa readies empowerment rules

Mining companies in South Africa have been frozen out of…

Bloomberg News | May 31, 2017 | 1:36 pm

Latest Stories

Anglo board reportedly considering cellphone titan for CEO

"Appointing Nhleko as CEO will come out of the blue for international investors."

Frik Els | November 26, 2012 | 6:58 pm

Gold price on a Black Friday tear

Weak dollar, no EU deal and fresh violence at South Africa's mines help gold price through $1,750.

Frik Els | November 23, 2012 | 4:22 pm

Three mining pros take the reins at prophecy platinum – Greg Johnson interview

Prophecy Platinum Corp. (NKL), has scored a major talent coup by attracting a trio of credible and experienced mining executives to advance its flagship Wellgreen platinum, nickel and copper project in the Yukon Territory.

Tommy Humphreys | November 13, 2012 | 10:05 am

No end in sight for 8-week Anglo Platinum strike costing $5.6m a day

The world's number one platinum miner upped its back-to-work offer this week, but it was rejected.

Frik Els | November 11, 2012 | 12:08 am

SEC rules against resource firms over Dodd-Frank

Oil, gas and mining companies' request to have transparency rules put on hold under 2010 financial reform act has been rejected.

Frik Els | November 10, 2012 | 8:23 pm

Lonmin says no to takeover bid by Xstrata

Despite market rumours indicating otherwise, South Africa’s platinum producer Lonmin (LON:LMI) rejected Friday a reverse takeover bid by Xstrata (LON:XTA), its unhappy largest shareholder, as it announced a loss before tax of $698 million in the financial year ending in September.

Cecilia Jamasmie | November 9, 2012 | 1:23 pm

Lonmin to make $800 million share offer at 45% discount to TERP

Inside sources claim platinum miner Lonmin (LON:LMI) will price an upcoming share offer at a 45% discount to the theoretical ex-rights price (TERP) on Friday, in the hope of raising a total of $800 million.

Marc Howe | November 9, 2012 | 4:02 am

South African report highlights Chinese labor abuses in the Sub-Sahara

A new report by Johannesburg-based South Africa Resource Watch (SARW) claims that China is exploiting cheap labor in the sub-Saharan nation and subjecting employees in the mining industry to harsh working conditions.

Marc Howe | November 9, 2012 | 3:17 am

S. African strikes drop annual mining production 8.3%

In what it shouldn’t come as a surprise for anybody who has been following the news in the last three month, South Africa reported Thursday its mining output dropped 8.3% on the year in September.

Cecilia Jamasmie | November 8, 2012 | 2:43 pm

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