Sibanye-Stillwater flags $2.5bn write-down on metals prices collapseMiner expects to report a 91% drop in annual profit for 2023 due to a sharp decline in metals prices and operational problems.Cecilia Jamasmie | February 21, 2024 | 5:52 am
The biggest global mining news of 2023A tumultuous year for the global mining industry: collapse of…Frik Els | December 27, 2023 | 10:01 am
The great platinum deficit: Council forecasts record demand in 2023The WPIC forecasts a record 1-million-oz. platinum deficit for 2023.Henry Lazenby | September 7, 2023 | 12:47 pm
EV slump powers platinum supply deficit, investment council says The price of platinum has fallen about 4% this year to about $950 per oz. Colin McClelland - The Northern Miner | September 10, 2024 | 7:04 am
Hybrid cars throw lifeline to platinum metals PGMs - principally platinum and palladium - face a long-term structural decline in demand as their main use has been to clean auto exhausts. Reuters | September 10, 2024 | 7:04 am
Rusal says board recommends not paying H1 dividend The company decided not to pay a final dividend for 2022 and did not pay for 2023. Reuters | September 6, 2024 | 6:52 am
African Rainbow Minerals pivots to chrome and copper after platinum price slump The basket price of PGMs fell about 40% last year and the slide has continued into 2024. Reuters | September 6, 2024 | 6:49 am
Sibanye flags loss after $420 million US asset writedown The company said in the half year it saw a 30% decline in the average dollar price for its US metal. Reuters | September 2, 2024 | 9:05 am
Northam Platinum profit drops on weak prices as output rises Northam said profit fell almost 30% in the last fiscal year. Bloomberg News | August 30, 2024 | 7:29 am
Impala chief sees no new platinum mines built in South Africa amid EV threat Impala is curbing new investment after headline earnings in the year through June 30 plunged 87%. Reuters | August 29, 2024 | 9:57 am
Nornickel examining impact of latest US sanctions The US imposed sanctions on several Nornickel subsidiaries as well as on the Bystrinsky copper and gold project. Reuters | August 26, 2024 | 6:54 am
Nornickel’s first-half profit slumps 22% on weak prices The Russian miner also grappled with logistical and international payment difficulties. Reuters | August 23, 2024 | 7:32 am