Amplats profit drops in H1 2020, sees upswing in H2

Total gold sold halved to 21,377 ounces in the six months ended June 30 from a year earlier, with an average price of $1,235 an ounce.

Mine is expected to generate about 300,000 ounces annually by late 2021/early 2022, increasing total PGM production from Sibanye’s operations in the US by more than 50%.

Toronto-based Atlatsa Resources (TSXV:ATL) has made good on its stated intention to shut its Bokoni platinum mine in Limpopo province, South Africa.

As the world’s premier precious metals equity event, the Gold Forum attracted 1,000 attendees who conducted a record 3,900 meetings.

A strong price recovery for the main commodities South Africa mines and exports has helped the country’s sector stage a turnaround in 2017, the first time in five years the industry is back in the black.

Sampling work at Ontevreden, part of the Vutomi joint venture, seems to prove the presence of high-grade kimberlite pipes.

Company reached wage agreement with the main union at two of its mines in South Africa. Workers will return to work on Friday.

Discovered in February last year in eastern Angola, the 404.20-carat rough diamond was also the largest found so far in the southern African country.

Scientists say that under the peculiar conditions present deep in the Earth's mantle, iron carbonates can play a role in forming diamonds.