Rhodium Top Stories

Sibanye-Stillwater to axe 4,000 jobs in gold mines restructuring

The planned restructuring of its loss-making South African gold operations may impact 3,107 employees and 915 contractors.

Cecilia Jamasmie | April 11, 2024 | 3:45 am

Glencore makes additional investment in Stillwater Critical Minerals

Last June, the commodity trading giant made its first investment…

Staff Writer | March 29, 2024 | 8:50 am

Platinum metals face structural hit to demand from electric vehicle revolution

According to analysts at Macquarie, demand for both platinum and…

Reuters | March 20, 2024 | 10:30 am

African Rainbow pauses Bokoni mine expansion plan after H1 profit fall

The miner's headline earnings declined to $158.5 million in the…

Reuters | March 8, 2024 | 7:47 am

Sibanye-Stillwater to cut 2,600 jobs in South Africa

The miner kicked off in October a restructuring process at…

Cecilia Jamasmie | February 23, 2024 | 5:26 am

Teck options Canterra project in Ring of Fire

Canterra calls this area of the James Bay Lowlands ‘largely unexplored’ due to limited bedrock exposure.

Staff Writer | October 1, 2024 | 12:45 pm

Canada to invest $42 million in Yukon, Northern British Columbia mining infrastructure

The C$60 million in funding will be divided between two key infrastructure projects for critical minerals mining,

Staff Writer | September 23, 2024 | 11:41 am

CHART: Global mining and metals – a quick reality check

Demand for energy transition metals has injected optimism into mining, but it represents only a sliver of the $4 trillion global industry.

Frik Els | September 19, 2024 | 1:15 pm

Magna Mining PEA update hikes return five-fold for Crean Hill nickel project

The PEA gives the underground mine a base case post-tax net present value (at an 8% discount) of C$194.1 million.

Canadian Mining Journal Staff | September 17, 2024 | 9:57 am

Sibanye to slash output to turn around US palladium mines

The miner recognized a $407 million impairment on the US operations due to a lower palladium price forecast.

Bloomberg News | September 12, 2024 | 6:41 am

South Africa’s platinum output back to pre-covid levels on job cuts

The World Platinum Investment Council says more than 10,000 jobs have been lost in 2024 amid falling PGM prices.

Staff Writer | September 12, 2024 | 4:45 am

Zimbabwe’s biggest miners seek $182 million for solar projects

Zimbabwe faces an energy shortfall that often triggers the state-owned power company to implement rolling blackouts.

Bloomberg News | September 11, 2024 | 11:13 am

Anglo American nets over $400m from platinum unit share sale amid demerger plans

An accelerated bookbuild offering of about 13 million shares of Amplats was launched on Tuesday.

Reuters | September 11, 2024 | 6:17 am

Anglo American launches share sale in platinum unit amid demerger plans

The shares on offer represent about 5% of Amplats' total issued ordinary shares.

Reuters | September 10, 2024 | 10:15 am

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