Latest news with #platinum
Forbes
3 days ago
- Business
- Forbes
Metallica's Number Of Platinum Hits Explodes
Metallica has ranked as one of the bestselling rock bands of all time for decades, but the group's commercial success has largely been centered around albums, not singles — at least as far as certifications are concerned. For an act that has remained hugely popular for so long, many might be surprised to learn that the rock outfit claimed only a relatively small number of RIAA-certified hits — meaning tunes that have been named gold or platinum in the U.S. – until recently. That has changed, as Metallica scores dozens of new honors from the music industry organization, and in one fell swoop, the band proves once again just how massively popular its back catalog remains. Before May 28, when the RIAA handed down a new swath of certifications to Metallica, the band had only ever scored one platinum-certified hit in the U.S. 'Enter Sandman' was named a gold smash in 2008 and a platinum success in 2009. Now, it has advanced to nine-times platinum status, which means it has shifted nine million equivalent units in the U.S. One more of these awards, and it will become the rock outfit's first diamond-certified tune — a prestigious honor that is surely within reach. Nine other smashes by Metallica earn some kind of platinum status, with many moving up from gold, which any piece of music reaches after half a million units shifted. Some had never claimed any certification before. 'For Whom the Bell Tolls,' 'Master of Puppets,' 'Fade to Black,' 'Sad but True,' and 'The Unforgiven' all move up from gold to multi-platinum status. The greatest gainer of that bunch is one that jumps from half a million units to five million, or quintuple platinum. Several others reach the triple platinum tier, and the last three are now double platinum successes. Three other cuts — 'Seek & Destroy,' 'Turn the Page,' and 'Wherever I May Roam' — jump from no recognition to platinum, as they have now moved at least one million equivalent units in the U.S. alone. At the same time, 13 songs by Metallica snag their first plaques and are named gold-certified wins. That roundup includes 'Battery,' 'Blackened,' 'Creeping Death,' 'Don't Tread on Me,' 'Hardwired,' 'Hero of the Day,' 'I Disappear,' 'King Nothing,' 'Ride the Lightning,' 'The Four Horsemen,' 'The Memory Remains,' 'Welcome Home (Sanitarium),' and '...And Justice for All.'
Reuters
5 days ago
- Business
- Reuters
Valterra Platinum makes bourse debut as Anglo exits S.African unit
JOHANNESBURG, May 28 (Reuters) - Valterra Platinum , the world's biggest miner of the metal by value, made its trading debut on the Johannesburg bourse as a standalone unit on Wednesday, completing a spin-off from parent Anglo American (AAL.L), opens new tab. Its shares opened weaker on the Johannesburg Stock Exchange before changing direction in a volatile early session. Anglo's demerger of the Johannesburg-based platinum group metals (PGM) producer, formerly known as Anglo American Platinum, comes as it shifts focus to copper and iron ore. CEO Craig Miller said Valterra would focus on creating value from its existing portfolio and upholding standards established during its time as part of the Anglo group. "Part of our DNA is upholding those high standards and exemplifying who we are as a PGM producer," Miller said after the listing. Valterra CFO Sayurie Naidoo said the company would maintain its capital allocation framework - paying out 40% of headline earnings - but would consider share buybacks if metal prices rise and there is surplus cash. Valterra will also have a secondary listing of its shares in London on June 2. London-listed Anglo is exiting the platinum mining business as part of a business revamp roughly a year on from surviving a $49-billion takeover bid by bigger rival BHP Group ( opens new tab. Anglo retained a shareholding of about 19% in the South African platinum miner. It is also selling its coking coal assets in Australia, nickel mines in Brazil and has said it is weighing whether to sell or list its loss-making De Beers diamond unit.
Bloomberg
5 days ago
- Business
- Bloomberg
Anglo's Platinum Miner Flies Solo With Long-Term Demand in Flux
Anglo American Plc will spin off its platinum business next week, in a test of both its restructuring strategy and the viability of a standalone firm facing headwinds over long-term demand. The London-based mining giant will distribute its controlling interest in Johannesburg-listed Valterra Platinum Ltd. to shareholders as part of a streamlining announced last May to fend off a $49 billion approach from BHP Group. Anglo is also exiting coal, nickel and diamonds.
Bloomberg
5 days ago
- Business
- Bloomberg
PGM Prices Should Be Higher, says Valterra Platinum CEO
Anglo American's platinum unit, Amplats has demerged and started trading on the Johannesburg Stock Exchange under the new name Valterra Platinum. The new entity will also have a secondary listing on the London Stock Exchange from next Monday. It's a culmination of Anglo's wider restructuring plans announced last year to fend off an unsolicited $49 billion takeover by BHP Group. Amplats CEO, Craig Miller, spoke to Bloomberg's Chief Africa Correspondent Jennifer Zabasajja on Horizons Middle East and Africa just minutes before becoming the CEO of Valterra Platinum. (Source: Bloomberg)
Bloomberg
23-05-2025
- Business
- Bloomberg
Does The Latest Nuclear Stocks Rally Have Legs?
Newsletter Money Distilled Shares in uranium explorers and other nuclear stocks are surging. What's going on? Welcome to the award-winning Money Distilled newsletter. I'm John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money. Before we get started on today's missive, a mea culpa with regard to yesterday's piece on platinum. A reader (thank you! You know who you are) informs me that platinum coins were used in Russia, between 1828 and 1845.
