Category: Platinum Group Metals

Sibanye halts divvy for first time as it swings to loss

South African precious metals producer Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL), until today known as Sibanye Gold, won’t pay dividend for the first time since it was spun off from Gold Fields in 2013, after reporting losses for the first half of the...

/ September 29, 2017

Platinum price pressured as market moves into oversupply

On Wednesday, the price of platinum took a breather from its recent rally but managed to stay above the $1,000 an ounce level and in positive territory for the year. Platinum, down 10% compared to this time last year, is...

/ September 28, 2017

South Africa's manufacturing, mining output disappoint as economy limps

South Africa’s industrial and mining output data came way below consensus, figures released on Thursday showed, signalling a bad start for the second half of the year with business confidence at its lowest in more than three decades. Statistics South...

/ September 28, 2017

S.Africa mining minister will not say contested charter is law – Chamber of Mines

South Africa’s Chamber of Mines said on Thursday that mines minister Mosebenzi Zwane had pledged in writing to a court that he would not publicly say changes to an industry charter were “law” until a judicial challenge has been completed....

/ September 27, 2017

About 2,500 jobs on the line at Impala Platinum’s Rustenburg operations

South Africa’s Impala Platinum (JSE:IMP), the world’s second largest miner of the precious metal, revealed Monday it had begun talks with authorities and unions that could see at least 2,500 workers laid-off at its Rustenburg operations west of Johannesburg. The miner...

/ September 27, 2017

Palladium price consensus forecasts point to end of the rally

Monday was a bleak day on precious metals markets with the glaring exception of palladium which added more than 1% to $930 an ounce, closing the gap with sister metal platinum to only $30. At the beginning of the month,...

/ September 26, 2017

Johnson Matthey to invest 200m pounds in battery material technology

LONDON, Sept 21 (Reuters) – Johnson Matthey said it will invest an initial 200 million pounds ($270m) in expanding its battery material technology business from 2018, aiming to capitalise on growth in the electric vehicle market. The specialty chemicals company...

/ September 26, 2017