Monday, September 25, 2017

Newly-listed Bauba Platinum has asked the JSE to suspend its shares after it failed to come to an agreement on assets with vendors.

Aquarius Platinum has bolstered its balance sheet selling non-core assets that include the once mighty R1.3bn Blue Ridge project and the $700m Sheba's Ridge prospect.

Impala Platinum says first-quarter gross platinum production has declined by 12% to 388,000 ounces, due to operational issues and safety-related stoppages.

The Royal Bafokeng Nation is about to reach a hugely significant milestone with the listing on the JSE later this year of its own platinum company.

The platinum producer also confirmed that rival union Amcu had requested organisational rights amid verification the NUM had lost 10,813 members.

Impala Platinum says a strike by drill operators at its Rustenburg operations is illegal and it is to start laying them off.

One employee, believed to be an AMCU shop steward, died while another was injured as a strike at Amplats took a worrying turn for the worse.

Impala Platinum CEO David Brown remains confident over the future of the group's Zimplats operations, which could transform Impala's future if all goes to plan.

Aquarius Platinum will buy 74% of Afarak Platinum, which has new order prospecting rights to two properties in the Bushveld Igneous complex.

The National Union of Mineworkers says it has served a strike notice to Modikwa Platinum over a wage dispute.