SA platinum ETF demand ‘sticky’: JM
Johnson Matthey poured cold water on fears that Johannesburg's highly successful platinum-backed exchange traded product had introduced hot money into the market.
RBPlat cuts capex in R2bn brownfields plant
Royal Bafokeng Platinum will opt for a brownfields expansion of its concentrator at the Bafokeng-Rasimone Platinum Mine rather than build a new concentrator at Styldrift.
SA underpins widening platinum deficit
Johnson Matthey said closures and a loss of productivity would underpin a 78% increase in the platinum deficit, but added the price would still be contained.
Lonmin mulls ESOP, suffers cash burn
Lonmin said it was considering handing up to 8% in the company to employees and the community as it sought to win "hearts and minds".
PTM to miss mid-2015 platinum sale target
The good news is that Platinum Group Metals has been thrown a lifeline by a syndicate of banks that will attempt to raise $195m for the WBJV Project 1.
Harmony restores that profitable feeling
Yet the gold miner operates under wafer-thin margins which has put the onus on more cost-cutting and getting stalwart mines to perform to their best.
Sibanye, Harmony swap Free State gold
Sibanye Gold and Harmony Gold made good on long-standing proposals to swap gold resources in the Free State in a parcel of non-cash deals.
Randgold relying on cash to fund growth
Mark Bristow, CEO of Randgold Resources, said the firm would not use its $200m facility as cashflows were sufficient to fund growth if gold stayed above $1,000/oz.
AMSA books R1.8bn Thabazimbi write-down
A condition of its iron ore pricing agreement with Kumba Iron Ore is that ArcelorMittal SA must write-down the carrying value of Thabazimbi by R1.8bn.
Northam wage offer rebuffed by NUM
Northam Platinum could barely mask its exasperation after having a third upgraded wage offer to NUM rejected by the union.