Volatile Lonmin reflecting option value
Shares in Lonmin continue to be volatile with the stock regaining more than 70% of its value in seven days - a movement that may reflect its option value.
Sibanye bids R4bn for Aquarius Pt
Sibanye Gold has bid R2.66/share for Aquarius Platinum taking platinum group metal production to over one million ounces a year.
Sibanye’s Aquarius tilt faces investor push-back
Shares in Sibanye raced up 8.7% after announcing its third deal in about a month - a sign that its bid for Aquarius Platinum may be on the cheap.
Atlatsa to ice shafts, cut jobs at Bokoni
Atlatsa Resources is to mothball two shafts and cut jobs at its Bokoni Platinum Mines ahead of a new financing with joint venture partner, Amplats.
Amplats, Sibanye agree R4.5bn Rustenburg sale
Sibanye Gold enters the platinum industry offering to pay R1.5bn upfront either in shares or cash whilst Amplats gets 35% of cash flow generated after capex.
Amplats in fresh round of Atlatsa re-financing
Amplats said it would refinance Atlatsa's Bokoni Mines ahead of selling its 49% stake while Lonmin had not triggered a pre-empt over the Pandora joint venture.
Platinum deficit to be higher in 2015
The deficit in the world platinum market would widen further in 2015 than previously anticipated, said the World Platinum Investment Council.
Impala to raise R4bn in book-build
Impala Platinum said it would raise R4bn in an equity raising in order to shore up the balance sheet following a year in which cash fell 39.5% to R2.6bn.
SA platinum cuts under-estimate the urgency
Impala Platinum's 180,000 ounces output cut is evidence the SA platinum sector is responding to market conditions, but do the reductions go far enough?
Atlatsa still in financial limbo
Atlatsa is still not in a position to publish its interim financial results as discussions on its future continue with Anglo American Platinum