Sunday, April 22, 2018

Shareholders in platinum junior Wesizwe will decide in the next three months whether to go ahead with a R6.6bn capital injection that will see a Chinese consortium take control of the company.

Impala Platium Holdings, the world's second largest platinum producer, has confirmed a work stoppage at the company's 12 Shaft operation in Rustenburg.

UK metals firm Johnson Matthey is bullish on prospects for both platinum and palladium during 2010 and has predicted the platinum price could reach $2,000/oz.

Dennis Tucker's new platinum exploration company Bauba - formerly Absolute Holdings - is already butting heads with other platinum companies including industry leader Anglo Platinum.

Anglo Platinum has advised that its first half basic earnings per share and headline earnings per share were expected to increase by at least 20%.

Aquarius Platinum said it had shipped concentrate from its recently reopened Everest mine some three months ahead of schedule.

Impala Platinum has reported a 4% dip in quarter-on-quarter platinum production to 368 000 ounces due to pipeline movements.

Impala Platinum has appointed mining engineer Gerhard Potgieter to its executive team to fill a gap in technical mining expertise at top management level.

Costs are nudging higher at Platmin's Pilanesberg platinum project as it targets 160,000 oz of platinum group metals this year and full production in early 2011.

Platinum producers appear to escape the brunt of a wage strike in Zimbabwe which is hitting the gold sector hard.