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Nickel price to benefit from short supply, strong steel demand through 2019

By: Reuters     12th September 2018 Slower production increases in leading supplier Indonesia and continued growth in stainless steel demand are forecast to extend a supply shortage in the global nickel market, supporting price gains through 2019. Nickel, which recently hit its lowest since December, could climb as high as $16 000... 

PTM considers transition to hybrid mining method at Maseve

By: Natasha Odendaal     10th July 2017 Dual-listed Platinum Group Metals (PTM) is considering a transition to a hybrid mining method at its Maseve mine, in the North West province, as it embarks on a restructure to create a more sustainable operating future. The proposed change in the primary mining method will result in a move away... 

PTM secures $20m bought deal financing

By: Henry Lazenby     19th April 2017 South Africa-focused miner Platinum Group Metals (PTM) has reached agreement with BMO Capital Markets to buy on a bought deal basis 15.39-million common shares of the company at $1.30 apiece for gross proceeds of about $20-million. Vancouver-based PTM said on Tuesday that it would use the net... 

PTM reviews strategic alternatives as Maseve’s underperformance leaves a hole in pocket

By: Henry Lazenby     18th April 2017 Canadian precious metals miner Platinum Group Metals (PTM) has cut its 2017 guidance from 100 000 oz of platinum, palladium, rhodium and gold (4E) to 85 000 oz 4E, saying it is working with BMO Capital Markets and Macquarie Capital to review and assess corporate and asset-level strategic... 

Glencore shares soar as company spurts cash, reports “good” China sales

By: Martin Creamer     10th December 2015 The share price of Glencore soared more than 14% in Johannesburg after the diversified mining and marketing company told investors it would remain comfortably cash positive at materially lower commodity prices, had $14-billion liquidity headroom, beat its capital preservation targets and was... 

Santos says no comment on WA asset buyout speculation

By: Esmarie Iannucci     28th October 2015 Australian oil and gas major Santos on Wednesday refused to comment on speculation that it was considering a A$1.5-billion offer for its stake in joint venture oil- and gasfields projects in Western Australia. The Financial Review reported that Quadrant Energy had approached Santos with an offer... 

Nedbank appoints principal to focus on mining M&A in Africa

By: Creamer Media Reporter      3rd March 2014 Nedbank Capital, the investment banking business of the Nedbank Group, has appointed Haaris Zafar principal for mining merger and acquisition (M&A) activity in Africa. The company said in a statement on Monday that Zafar, based at Nedbank’s London office, would be responsible for expanding... 

M&R subsidiary sells shares in Aus engineering group

By: Natasha Odendaal     25th March 2013 Construction giant Murray & Roberts on Monday announced that its Australian subsidiary Clough has sold its shares in ASX-listed multidisciplinary engineering, procurement and construction group Forge for A$187-million. The engineering and project services contractor subsidiary, which completed a... 

Chinese group offers A$71m for Queensland coal junior

By: Megan van Wyngaardt     29th October 2012 ASX-listed explorer Endocoal on Monday announced a A$71-million cash offer from Chinese investment group U&D Mining Industry. U&D has offered shareholders A$0.38 in cash for each Endocoal share and also agreed to a provide a loan for interim funding needs. 

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