Impala warns of sharp fall in H1 earnings after Rustenburg strike
Impala Platinum’s first-half earnings are set to slump because of strikes at its Rustenburg mine last year, it warned. The world’s second-largest platinum producer expects headline earnings per share...
View ArticleImpala to Sell Mine, Cut Spend Over Five-Year Low Platinum
Impala Platinum Holdings Ltd., the world’s second-largest producer of the metal, will sell mines, close shafts and reduce capital spending as it expects prices to remain low until the second half of...
View ArticleBEE group in bid to scrap R664m Lonmin deal
Platinum miner Lonmin is bracing itself for a bitter fight as members of the Bapo ba Mogale community, who live on the land it mines, go to court this week in a bid to unravel its R664m empowerment...
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Platinum could rise 18% by year-end
It’s always the quiet ones you have to watch out for—and among the metals, platinum has certainly been quiet so far this year. After a 12% price drop in 2014, that’s not surprising. But after prices...
View ArticlePlatinum deficit expected to shrink
The global platinum market is forecast to be in its smallest deficit in three years this year, with South African mines recovering from last year’s strike. The newly established World Platinum...
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Precious Metals ETFs: Platinum Trading Under Gold
Platinum is trading below gold bullion prices again, but the current pressure on the white metal this time around could be coming from a surge in supply. Platinum has been largely underperforming gold....
View ArticlePlatinum hits 5-1/2 yr low; Gold awaits Fed meet
Platinum tumbled to a 5-1/2-year low on Tuesday as the combination of a stronger dollar, weaker gold prices and improving supply took a toll on prices. Platinum, the worst performing precious metal of...
View ArticleAnglo American and Atlas Copco to Test New Underground Mining Technology
The mining industry continues to push the seams of innovation. Mining company Anglo American and Swedish mining equipment manufacturer Atlas Copco have reached the proof-of-concept testing stage for a...
View ArticleAfrican Thunder restarts Smokey Hills
The troubled Smokey Hills mine once owned by Platinum Australia has been restarted by African Thunder Platinum, which is owned by Canada’s Aberdeen International and Pala Investments. Macquarie Bank...
View ArticlePlatinum, palladium forecasts cut on oversupply, soft demand: Reuters poll
Analysts and traders have cut their forecasts for platinum and palladium prices after they underperformed gold and silver in the first quarter, as supply of the metals remains ample in
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