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.
IFM’s Jordaan says tide has turned
Shares in International Ferro Metals have been beaten up over the last two years, but the firm believes it has the basis to support "a turnaround story".