Rival bid for Marathon PGM not seen likely

US platinum-group metals (PGM) miner Stillwater Mining "conservatively" expects it will take about three years to permit and build the Marathon PGM/copper project in Ontario, CEO Francis McAllister said on Tuesday. Shares in TSX-listed Marathon...

Stillwater profit up on prices, but lowers FY outlook

US platinum-group-metals (PGM) miner Stillwater Mining earned $14,6-million in the second quarter, up from $4,6-million in the same period last year, after stronger metals prices more than offset lower production volumes. Revenue rose 42%, to...

Daily podcast – January 8, 2010

Zimbabwe halts the sale of diamonds from its controversial Marange fields; and Perseus Mining receives takeover approaches.

Stillwater sees 'robust' outlook for palladium, other PGMs

US platinum-group-metals (PGM) miner Stillwater Mining expects to benefit from stronger PGM prices overall, and in particular from a narrowing of the gap between platinum and palladium prices, CEO Frank McAllister said this week. Prices for...

Stillwater Mining gains ground on costs, boosts outlook

US platinum-group metals miner Stillwater Mining increased its profit in the third quarter to $4,4-million, compared with $0,1-million a year earlier, in large part thanks to improvements in operating costs at the company's two Montana mines, CEO...

Stillwater Mining increased platinum, palladium output in Q3

US platinum-group metals (PGM) producer Stillwater Mining increased its production in the third quarter to 129 100 oz, compared with 120 000 oz in the same period a year earlier, and expects to beat its full-year guidance of 496 000 oz for 2009....

PGM miner Stillwater says meeting targets post restructuring

US platinum-group metals (PGM) miner Stillwater Mining is reaping the benefits of a restructuring plan implemented late last year in response to slumping metal prices, CEO Francis McAllister said on Thursday. Stillwater produces palladium and...

Norilsk reports higher nickel, copper output for '08

Norilsk Nickel, the world's biggest producer of nickel, increased its production of the metal by 8,5% last year, to 299 700 metric tons (t), compared with 276 000 t in 2007. Copper production also rose, to 419 000 t, from 415 000 t a year...

Norilsk halts Tati nickel ops after fault at BCL smelter

The world's biggest nickel producer, Russia's Norilsk Nickel, will halt its Tati mine and concentrator in Botswana for 12 days, after a furnace breakdown at the smelter that processes most of the concentrate from the mine. The company will assess...

Norilsk Q3 nickel output rises to 75 067 t

The world's number-one nickel miner, Norilsk Nickel, produced 75 067 of the industrial metal in the three months ended September 30, compared with 68 835 t in the second quarter of this year. The Moscow-based company has operations in Russia,...

PGM-miner Stillwater plans to cut output, jobs

US platinum-group metals (PGM) miner Stillwater Mining will scale down operations at its East Boulder mine, reduce capital expenditure and cut jobs across the group, in an attempt to stay profitable after palladium and platinum prices fell more...

Stillwater swings to profit on higher prices

US platinum-group-metals miner Stillwater Mining posted a first quarter net income of $3,2-million, compared with a loss of $1,1-million a year earlier, after higher prices for its metals boosted revenue. Stillwater mines and processes platinum...