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Canadian miner said to be in talks to buy Zimbabwe gold project

By: Bloomberg     24th May 2019 Canada-based B2Gold is considering buying an idled Zimbabwean gold mine – if it can be exempted from a law that requires producers to sell all the metal to the country’s central bank, people familiar with the situation said. Securing an exemption may open the way for further investment by gold... 

Palladium boom gives South African miners only temporary reprieve

By: Reuters     17th May 2019 A surge in palladium prices has thrown struggling South African mining companies a lifeline. But it may not be enough. Besides patchy power supplies and high labour costs, South African miners are saddled with ore that typically produces twice as much platinum as palladium - just at a time a... 

Amplats considers sale of Twickenham and Bokoni mines – CEO

By: Reuters     17th May 2019 Anglo American Platinum (Amplats) is contemplating the sale of its Bokoni and Twickenham mines in South Africa, a move which would mostly complete the group's divestment strategy, its chief executive told Reuters. The precious metals producer has sold many of its mines as it pivots from the... 

Lithium Americas names new CEO, quarterly loss shrinks

By: Reuters     15th May 2019 Lithium Americas, which is developing lithium projects in Argentina and Nevada, said on Wednesday that its quarterly loss shrank as costs fell and sales rose, and that its CEO would retire. The company is one of a handful of junior miners around the world working to develop mines for lithium, a... 

ABM to buy 35% stake in Katoro's Haneti project

By: Creamer Media Reporter      15th May 2019 Aim-listed Katoro Gold has entered into an investment and option agreement with fellow Aim-listed African Battery Minerals (ABM) that will result in ABM acquiring up to 35% of Katoro's Haneti nickel project, in Tanzania, for £125 000. Under the terms of the agreement, ABM will acquire, in... 

Trade war spurs 'change in attitude' on gold for spooked markets

By: Bloomberg     15th May 2019 Donald Trump’s tweets are keeping global financial markets on edge, and many investors are opting for gold as a refuge. Gold open interest, a tally of outstanding futures contracts, surged the most since mid-2016 on Monday to the highest in more than seven weeks. Prices of the metal have advanced... 

Military stake stymies $4bn Zimbabwe platinum project  

By: Bloomberg     15th May 2019 A plan to build Zimbabwe’s biggest platinum mine at a cost of about $4-billion is floundering because a military stake in the project has deterred potential backers, according to people familiar with the funding discussions. The African Export-Import Bank has the mandate to raise money for the... 

US faces hurdles in push to build electric vehicle supply chain

By: Reuters     14th May 2019 The United States faces stiff challenges as it moves to create its own electric vehicle supply chain, industry analysts say, with the extent of the country's metal reserves largely unknown and only a few facilities to process minerals and produce batteries. Legislation making its way through the... 

Putting new discoveries on the map

By: Creamer Media Reporter      14th May 2019 A new map, published in 2018, highlights recent major platinum discoveries in South Africa  – the Waterberg Project of PTM in the Villa Nora gap and the Ivanhoe “Flatreef” of the Ivanplats mine near Mokopane. Both these discoveries represent massive breakthroughs in raising South Africa’s... 

Platinum market set to move into deficit this year – Johnson Matthey 

By: Marleny Arnoldi     13th May 2019 The platinum market is expected to move into deficit this year, with a resurgence in investor activity to outweigh modest falls in industrial and jewellery demand, says Johnson Matthey in its latest platinum group metals market report. The science multinational company expects a tentative... 

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