Home News Page 1219

News

Platinum could breach $2,000, says GFMS

0
The platinum price could rise above $2,000/oz depending on investment demand for the metal, according to the latest GFMS survey of the platinum and palladium markets.

Rio Tinto cautious over volatility

0
Rio Tinto expects global markets to remain fragile in the near term and sees itself in a strong position to weather any turbulence, says its chairperson.

GFMS: wage talks won’t hurt platinum supply

0
The global supply of platinum is expected to rise slightly this year, with upcoming wage talks in South Africa not expected to have a big impact, says research firm GFMS.

Panic selling hits commodities

0
Investors are scrambling for cover as silver heads for its biggest weekly loss since at least 1983 and oil falls below $100 a barrel.

Malema: Stop mineral exports

0
The government must stop exporting raw minerals to encourage the establishment of industries to process them locally, ANC Youth League leader Julius Malema says.

Optimum buys rights to bulk-up Koornfontein

0
Optimum Coal says it has bought two prospecting rights in close proximity to its Koornfontein operations, envisaged to extend Koornfontein’s lifespan by 12 years.

Glencore targets $11bn, draws key investors

0
UPDATED: Glencore has kept a lid on its aspirations for a much-hyped market debut, targeting proceeds of $11bn after securing record commitments from investors led by Abu Dhabi.

Aquarius finally snares Booysendal

0
It has taken years, but Aquarius Platinum CEO Stuart Murray has pulled off the deal he had predicted would eventually take place over the Booysendal South platinum deposit.

Glencore prospectus set to reveal CEO billions

0
Glencore is to make known how much CEO Ivan Glasenberg, probably South Africa's richest person, and other top managers stand to gain from one of Europe's largest market debuts.

Num, Implats set for showdown over wages

0
The National Union of Mineworkers is demanding a 14% pay rise for its members at Impala Platinum, more than triple the official inflation rate.