Amplats details executive share plan as talks fail
In an unfortunate case of timing, Amplats details millions of rands in share incentives to directors that underpins the gulf between worker and executive classes.
Story of two capital raising efforts
RAISING money for platinum mining in the current market can be something of a hazardous business; or is it? Well, the answer is that it just depends.
Strike will hit platinum price in May
THE strike at the platinum mines, now in its thirteenth week, will cause the price of the metal to start recovering soon.
Strike removes up to 2,5m ounces from market
The strike will normalise the platinum market for at least five years, says Impala Platinum marketing head Derek Engelbrecht.
‘Normal’ platinum output unlikely before July
PLATINUM miners have started communicating a settlement wage offer directly to
employees after negotiations failed,
Can private equity reboot the mining sector?
ROUGHLY $8bn to $10bn has been raised by newly founded private equity
companies, many of them started by former resources bankers or mining executives,
Tariff increases loom as Eskom flounders
ELECTRICITY users should brace themselves for further tariff increases as Eskom
tries to address cash flow constraints brought by rising operational and funding
costs.
Rustenburg sale may cure years of ‘self-harm’
SPECULATION Sibanye Gold may buy platinum shafts or sections in Rustenburg
owned by Anglo American Platinum not only represents a potential new
chapter in the rise of the gold counter, but gives credence to the proposed
turnaround of Amplats parent, Anglo American.
Labour, uncertainty kills Platfields deal
LONG-RUNNING talks between platinum exploration company Platfields and an international funder have ended, raising the possibility that a rights issue may be required to ensure the future sustainability of the company.
Platinum offer ‘won’t break strike’
A REVISED offer tabled by the world’s three biggest platinum producers, aiming to end a three-month strike, will be insufficient to get negotiators to a settlement before the elections on May 7, said Investec Asset Management.