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Platinum stocks to fall 8% in 2015

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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

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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

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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

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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

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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

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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

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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

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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

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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

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Northam pin-points labour relations as complex and an operating risk just as AMCU wins recognition rights at the firm's key Zondereinde mine.