Amplats’ slashes net debt 25% as restructure takes hold
ANGLO American Platinum (Amplats) slashed net debt a quarter, lifted free cash flow R3.2bn, and said an interested party was kicking the tyres at...
Implats extends debt to R4bn, eases rights issue fears
IMPALA Platinum (Implats) extended its debt facilities to R4bn in an effort to "provide comfort" it could redeem R5.5bn in convertible bonds which fall...
Mugabe takes Zimplats to court in effort to seize land
ZIMPLATS has been dragged to court with President Robert Mugabe seeking to finalise the take-over of nearly 28,000 hectares of platinum land claims belonging...
Jury out on whether AMCU has appetite for war of attrition
PLATINUM mineworkers’ current wage agreement with Anglo American Platinum (Amplats), Impala Platinum, and Lonmin came to an end on June 30, and the mining...
AMCU lifts curtain on platinum wage talks with R12,500 demand
THE Association of Mineworkers & Construction Union (AMCU) intends to kick off wage negotiations in the platinum sector on July 12 at Impala Platinum...
Eastplats to review $50m Barplats deal after ouster
EASTERN Platinum (Eastplats) is to review the "recently proposed transaction" to sell its Crocodile River mine for $50m to a Chinese company following a...
Eastplats agrees $50m sale of Crocodile River to Chinese
EASTERN Platinum (Eastplats) is to sell its Crocodile River Mine (CRM) to China's Hebei Zhongheng Tianda Platinum Company (HZT) in a $50m deal that...
UK bank forecasts rising trend for SA platinum output
GOLDMAN Sachs, the UK bank, has weighed into the debate regarding prospects for South Africa’s platinum group metal (PGM) stocks.
Whilst comments from industry participants...
‘CEO overhang’ adds layer of uncertainty to Implats
THE proposed resignation of CEO, Terence Goodlace, effective from December, has placed another layer of uncertainty on Impala Platinum (Implats).
The company is faced with...
Amplats interim earnings to be at least 20% lower
ANGLO American Platinum (Amplats) said its interim headline earnings and headline earnings per share would be at least a fifth lower partly owing to...