Tharisa promises “considerable” cash growth after maiden payout
CHROME and platinum group metal (PGM) mining firm, Tharisa, is to pay a maiden dividend of 1 US cent per share and said it...
Despite its best efforts, Lonmin remains a company in distress
LONMIN, the Johannesburg-listed platinum producer, ended its 2016 financial year in a far better position than it began with net cash increasing to $173m,...
Platinum prospects diminish as 2016 deficit narrows: WPIC
THE forecast deficit in the platinum sector would shrink this year but would nonetheless continue into 2017 - a sixth consecutive annual deficit, said...
Eastplats deepens loss after spending R31m in legacy issues
EASTERN Platinum (Eastplats), a Canadian company now under the control of Chinese investment firm, Ka An Development Company (Ka An), said it had spent...
RBPlat’s Phiri adds voice to Section 54 stoppage scourge
AFTER years of playing nicely, South Africa’s mining sector has come out strongly against state capture and other forms of corruption in the country,...
Lonmin to cut output up to 12% as “over-supply was a...
LONMIN has reduced its platinum sales target by as much as 12% to 650,000 ounces for its 2017 financial year in order to cut...
Amplats to sell Pandora to Lonmin for R400m to R1bn.
ANGLO American Platinum (Amplats) kept up the momentum of portfolio restructuring announcing today it had agreed to sell its 42.5% stake in the Pandora...
Amplats earnings to rise at least 20%, but cost out options...
ANGLO American Platinum (Amplats) said full-year headline earnings and share earnings would be at least a fifth higher year-on-year owing to foreign exchange benefits...
Sibanye to weigh RPM synergies, but loses Jean Nel who is...
SIBANYE Gold said it would take a few months to assess Rustenburg Platinum Mines (RPM), the 800,000 ounce per year platinum (4E) company over...
SA platinum sector seals deal with AMCU … without strike action
LONMIN and Impala Platinum (Implats) have joined Anglo American Platinum (Amplats) in a signing three-year wage deals with the Association of Mineworkers & Construction...