Canada’s Platinum Group Metals Ltd. (PTM) says its low-cost South African projects will benefit as competitors shut down old unprofitable mines, slashing global output by as much as 35 percent.
As demand for gold rebounds amid the global rout in equities, the metal’s climb to a one-month high may not be the best gauge of the new-found buzz in a market that had been dormant for most of 2014.
Chile’s government will seek talks with large-scale mining companies to make more land available for smaller mineral explorers as it seeks to expand the copper industry, the world’s largest.
Poland’s top three coal companies, burdened by losses amid communist-era benefit payments and a market glut, are hiring banks including JPMorgan Chase & Co. and BNP Paribas SA to sell debut Eurobonds to raise cash.
Gold Fields Ltd. (GFI) seeks to buy mines already in production to boost cash flow, said the South African producer of the metal with operations from Australia to Peru.
China’s Shandong Xinfa Aluminum & Electricity Group is in talks with Guinea to invest $14 billion in a bauxite project abandoned by BHP Billiton said a government official with knowledge of the matter.
South Africa should consider drafting separate laws to regulate the fledgling oil and gas industry to encourage investment, Mineral Resources Minister Ngoako Ramatlhodi said.
