Rhodium Top Stories

Sibanye-Stillwater to axe 4,000 jobs in gold mines restructuring

The planned restructuring of its loss-making South African gold operations may impact 3,107 employees and 915 contractors.

Cecilia Jamasmie | April 11, 2024 | 3:45 am

Glencore makes additional investment in Stillwater Critical Minerals

Last June, the commodity trading giant made its first investment…

Staff Writer | March 29, 2024 | 8:50 am

Platinum metals face structural hit to demand from electric vehicle revolution

According to analysts at Macquarie, demand for both platinum and…

Reuters | March 20, 2024 | 10:30 am

African Rainbow pauses Bokoni mine expansion plan after H1 profit fall

The miner's headline earnings declined to $158.5 million in the…

Reuters | March 8, 2024 | 7:47 am

Sibanye-Stillwater to cut 2,600 jobs in South Africa

The miner kicked off in October a restructuring process at…

Cecilia Jamasmie | February 23, 2024 | 5:26 am

Impala Platinum reports strike at Bafokeng operations

Impala has said it could cut 3,900 jobs as it restructures its South African operations.

Reuters | July 2, 2024 | 10:00 am

The top 50 biggest mining companies in the world

Despite gold's price slump, strong copper and iron ore prices lifted MINING.COM's ranking of the world's 50 most valuable miners to a new record high of $1.35 trillion.

MINING.com Editor | July 2, 2024 | 2:59 am

Sibanye ‘will have to’ shutter US mine unless palladium recovers

Sibanye took a $2.1 billion writedown on its unprofitable US assets earlier this year.

Bloomberg News | June 26, 2024 | 9:47 am

Sibanye CEO says may close metals streaming deal in third quarter

The miner is seeking to raise more than $500 million to shore up its balance after earnings plunged due to a rout in metal prices.

Reuters | June 25, 2024 | 9:20 am

Karelian says independent report confirms nickel and copper in Northern Ireland

Assessment prepared by an independent consultant confirms the potential for nickel, copper and PGMs at the company's licences.

Staff Writer | June 24, 2024 | 5:51 am

Friedland, McEwen back Power Nickel’s “oversubscribed” $15m funding

The exploration junior has amassed $15 million to expand exploration on its 80%-owned NISK project in Quebec.

Cecilia Jamasmie | June 24, 2024 | 3:39 am

Short covering, tight nearby supply briefly drive palladium above $1,000/oz

Palladium, mainly used in the autocatalysts curbing harmful emissions, saw a 39% slump in 2023.

Reuters | June 21, 2024 | 10:43 am

Gold price down 1%, but set for second straight weekly gain

Gold has benefited from a run of soft economic data this week.

Staff Writer | June 21, 2024 | 8:01 am

Sibanye loosens debt covenants to boost cash amid lower prices

The miner said on Friday that all of its lenders have agreed to raise the debt threshold on all facilities.

Reuters | June 7, 2024 | 7:34 am

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