Amplats sacrifices leverage to platinum for more process margin
ONE of the interesting elements of Anglo American Platinum’s (Amplats’) divestments of non-core assets is how it has been able to dispense with the...
Glencore to retain 50% share of Mototolo with Amplats
GLENCORE has all but exited the platinum industry following the unbundling of its Lonmin stake to shareholders in 2015, and the sale of Eland...
RBPlat bounces back to profit but BRPM shaft “under review”
ROYAL Bafokeng Platinum (RBPlat) bounced back into profit owing to an improvement in the rand basket price of its platinum group metals (PGMs), but...
Chamber of Mines may challenge March gazette of mining charter
SOUTH Africa's Chamber of Mines will turn to the courts again should the Department of Mineral Resources (DMR) record the current draft of the...
Dunne’s savvy deal lines up Pandora for Northam
I DON'T know what Northam Platinum CEO, Paul Dunne, does over weekends but judging by the deal he’s just done to acquire Eland Platinum...
Vedanta’s Anil Agarwal says SA’s ‘agony’ can be overcome
THERE is the brief prospect of travelling in the Rolls to the Mount Nelson hotel in Cape Town’s Gardens district, but I’m shepherded instead...
Northam picks up Eland from Glencore for R175m in cash
NORTHAM Platinum is to buy the Eland Platinum mine from Glencore for R175m in cash, an operation that once formed the vanguard of Xstrata's...
Implats loses R570m to stoppages but won’t turn to court
IMPALA Platinum recorded a total of 58 Section 54 safety stoppages in the six months to December which cost the group 25,000 ounces in...
Sibanye to reconsider dividends after SA Govt. hikes tax
SIBANYE Gold CEO, Neal Froneman, dropped a bombshell today saying he would reconsider the firm's dividend strategy after the South African government increased the...
Glencore “never so well positioned” as profit returns: Glasenberg
GLENCORE CEO, Ivan Glasenberg, declared the UK-listed group has "never been so well positioned" as it was today following publication of its full-year figures...