Platinum stocks to fall 8% in 2015
Platinum inventories, blamed for suppressing the platinum price, would fall again in 2015 as the market remained in a supply deficit.
Lonmin, Impala may return to debt, equity markets
Impala may struggle to finance its R30bn capital programme while Lonmin was delaying the inevitable by failing to address its cash burn, analysts said.
Northam R2.5bn book-build augurs well for BEE
Shares worth R2.5 owned by ENRC in Northam were placed with investors at the slimmest of discounts - an outcome the firm said augured well for its BEE deal.
Platinum buyers seek to limit SA output risk
Royal Bafokeng Platinum CEO, Steve Phiri, made the alarming observation that his clients were buying recycled material because SA production was too risky.
Anglo net debt may spur Amplats sales
Amplats seems to have upped the pace on its divestment programme, an interesting development that may be spurred by Anglo's concern with net debt.
Platinum CEOs say mechanisation not a panacea
Mechanisation, whilst the mining method of the future, is not the panacea for all mines, say CEOs from Impala Platinum and Anglo American Platinum.
Implats unveils sweeping 5-year restructure
Impala Platinum has unveiled a four-year restructuring of its Rustenburg mine in which it would merge shafts, slow development of another, and halve capex.
Lonmin to lose turnaround expert Viljoen
Lonmin suffers a blow as its COO Johan Viljoen resigns less than a year after taking up the challenge of the group's operational turnaround.
Northam finds 500koz/year in growth
Northam is out of the running for Amplats' Rustenburg mines but it has organic, low-cost growth approaching 500,000 ounces.
AMCU to get foothold at Northam mine
Northam pin-points labour relations as complex and an operating risk just as AMCU wins recognition rights at the firm's key Zondereinde mine.