MINING.COM

Platfields calls for state intervention in South African platinum sector

Bongani Mbindwane, CEO of South African junior explorer Platfields (SJ:PLL), has written an open letter to South Africa's mineral resources minister calling for direct assistance in dealing with the platinum sector's dire condition.

Marc Howe | July 31, 2012 | 3:23 am

Platinum underperforms gold due to lack of respectable safe-haven status

Platinum's poor performance relative to gold of late may be due to its lack of status as a safe-haven investment and a credible means of storing value.

Marc Howe | July 30, 2012 | 4:18 am

One of the world’s oldest ruling dynasties threatened by platinum industry crisis

The Royal Bafokeng nation, who control vast parts of the platinum belt in the north west province of South Africa warned that earnings at its main investment vehicle could be down by between 52% and 62% over the first six months of 2012.

Frik Els | July 29, 2012 | 11:44 pm

Platinum could outperform palladium: Deutche Bank

Deutsche Bank expects that platinum supply could see further cutbacks as economic/social pressures in South Africa mount and the price could be dragged higher by stronger gold prices over the remainder of 2012.

MINING.com Editor | July 28, 2012 | 6:48 pm

Anglo Platinum confirms large-scale lay-offs

South Africa's Anglo Platinum, the world's largest primary platinum producer, has confirmed the lay-off of 725 employees from its central services and support functions, provoking the ire of the mining's industry's national union.

Marc Howe | July 27, 2012 | 1:02 am

Pebble mine: ‘If God were testing us, he couldn’t have found a more challenging place’

Arguably the richest prize in mining, the Pebble project pits a watershed where up to 40 million salmon spawn each year against copper and gold reserves worth as much as $500 billion according to a new documentary.

Frik Els | July 23, 2012 | 11:32 pm

South African platinum sector’s pains to persist with H1 reports

The release of financial statements by South Africa's key mining groups for the first half of 2012 is expected to reveal the full extent of difficulties in the platinum sector following heavy declines in share prices over the past year.

Marc Howe | July 23, 2012 | 4:46 am

Major Anglo American reshuffle as Amplats CEO walks away

Neville Nicolau, the head of Anglo American’s platinum business is leaving the company, after the South African unit warned its earnings per share for the first half could drop as much as 78%.

Cecilia Jamasmie | July 20, 2012 | 3:40 pm

How to get rich in outer space: a visual guide

Recent developments show that becoming rich by profiting of the minerals that asteroids, stars and unknown planets have to offer it is closer than ever. Before it is too late, check this infographic on how to profit in the new Space Age.

Cecilia Jamasmie | July 16, 2012 | 3:38 pm

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