SA govt grants PTM mining right

Canada’s Platinum Group Metals (PTM) has received a mining right from the South African government for its flagship project in the country, the TSX- and Amex-listed company said on Wednesday. PTM also said it would finalise by the end of the...

Kwale mineral sands project, Kenya

Over its 13-year mine life the project is expected to produce some 4.7-million tons of product.

Wall St commodity talent wars: Return of the merchants

When it comes to hiring top commodity traders, what goes around comes around. Wall Street, after years of poaching the best and brightest from specialized commodity firms, is losing the war to keep the essential traders who know how to arbitrage...

Govt stops lacerate platinum, supply ebb may boost price, palladium deficit forecast

Government-enforced safety stoppages at South African platinum mines is lacerating production; the platinum supply ebb is seen as positive for platinum prices; and palladium may be in short supply.

Kwale mineral sands project, Kenya

Base Resources has reported that it is in the process of securing further offtake parties for its Kwale product.

Mining Indaba Schedule

Insight into commodities market anticipated

Barclays Capital Commodities Research MD Kevin Norrish is set to draw on his experience of over 24 years in the commodities industry to address delegates at the annual Investing in African Mining Indaba next month, where he will discuss his...

Carmakers’ $7bn platinum bill shrinking glut

Carmakers will use a record $7-billion worth of platinum in catalytic converters next year, diminishing a glut just as mine production declines for the first time since 2008.

$7bn of platinum for cars, Zim banking wanted, miners keen on M&As

The platinum glut is set to diminish just as mine production declines for the first time since 2008; Foreign mining companies operating in Zimbabwe may be required to bank their money with local financial institutions; Ernst & Young reports an...

Kwale mineral sands project, Kenya

Base Resources has executed the $170-million debt facility agreement for the Kwale project.

SA growth at ‘serious’ risk to commodity correction

Commodity prices should remain relatively resilient in the medium term, Barclays Capital’s South African affiliate said on Thursday. But Absa Capital cautioned that any significant ‘downside correction’ to prices, as a result of the current...

PTM and Wesizwe studying potential platinum synergies

While rumours of consolidations in South Africa’s platinum sector continue to churn, juniors Platinum Group Metals (PTM) and Wesizwe Platinum have started a joint study to determine the benefits of their neighbouring properties being “one mine...