Platinum Trades at Cheapest in Two Years Relative to Gold
Mineweb reported that Platinum is trading at the cheapest since 2013 relative to gold due to the bleak demand global outlook for Platinum. Continue reading...
View ArticleEastplats and Hebei Zhongbo Enter Agreement to Close the Sale of CRM
Eastern Platinum Limited (TSX:ELR) announced it has entered into an agreement with Hebei Zhongbo Platinum Co. Limited whereby HZP would acquire the Company’s entire platinum group metal business and...
View ArticleLonmin Shares Collapse over Stake Divestment by Glencore
Mining.com reported that shares in Lonmin (LSE:LMI) fell by as much as 7.3% on Thursday as Glencore (LON:GLEN) concluded the distribution of its stake in the South African miner to shareholders....
View ArticleAmplats Considers Floating South African Mines
Reuters reported that Anglo American Platinum (OTCMKTS:AGPPY) may float its South African mines instead of selling them because it had receive offers that were too low.Continue reading...
View ArticlePlatinum Price Hits Lowest in 6-year
Mineweb reported that Platinum price hit its lowest in six years this week, with only the platinum-based ETFs providing some upside potential.Continue reading...
View ArticleImpala Drops to 11-year low Due to Slump in Platinum Prices
Mineweb reported that Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) dropped to its lowest in almost 11 years due to a slump in prices of platinum.Continue reading...
View ArticleMidland Resumes PGE Exploration in the Labrador Trough
Midland Exploration Inc. (TSXV:MD) announced the resumption of the field exploration program on the Pallas Platinum Group Elements ("PGE") project in the Labrador Trough in partnership with Japan Oil,...
View ArticleCPM Says Global Platinum Supplies to Remain in Deficit
Mineweb reported that CPM Group has predicted that the global platinum supplies will remain in a deficit this year despite the rise in mine production as demand for automobile manufacturing and jewelry...
View ArticleAmplats Axes over 400 jobs at Rustenburg Platinum Mines
Anglo American Platinum (OTCMKTS:AGPPY) announced its plans to cut over four hundred jobs at its Rustenburg Platinum Mines unit as a continuation of the company’s value-driven strategy in response to...
View ArticleBakgatla Ba Kgafela Confident Over Anglo Platinum Mine Stake
Bloomberg reported that Bakgatla Ba Kgafela, a community near the South African mines operated by Anglo American Platinum Ltd.(OTCMKTS:AGPPY), is confident about its prospects to acquire stakes in the...
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