December 8, 2023
Anglo American shares plunge after production cuts
Shares hit their lowest point since March 2020 after the miner unveiled plans to drastically cut the amount of commodities it mines.
December 8, 2023
Shares hit their lowest point since March 2020 after the miner unveiled plans to drastically cut the amount of commodities it mines.
December 7, 2023
A rapid and precipitous plunge in palladium and rhodium has already forced other South African producers to cut jobs.
December 5, 2023
Nornickel will invest the money through 2030 at its research and development center that works on new products.
December 4, 2023
The company expects a global nickel surplus of more than 250,000 metric tons this year, up from previous estimates of 200,000 tons.
November 29, 2023
The precious metals producer will have to let go about 100 employees and approximately 187 contract workers.
November 21, 2023
The stock sank as much as 25% in Johannesburg, wiping out about 15.2 billion rand ($824 million) of its market value.
November 16, 2023
The miner will acquire existing royalty streams on Ivanhoe Mines’s Platreef project in South Africa.
November 10, 2023
Britain on Wednesday announced sanctions on Krastsvetmet, the main refinery used by top palladium producer Norilsk Nickel.
November 9, 2023
Palladium demand has also been pressured in recent years after it became much more expensive than sister metal platinum.
November 8, 2023
Over the LOM, the Marathon project is anticipated to produce 2.1 million ounces of palladium, 517 million lbs of copper, 485,000 ounces of platinum, 158,000 ounces of gold and 3,156,000…
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