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Zimplats ‘hit with $28m royalties bill’

Zimbabwe has instructed the bankers for Zimplats to pay $28.3m in outstanding royalty payments, which the platinum miner is disputing, reports state media.

Lonmin advances, but Magara warns of testing wage talks

PLATINUM firm Lonmin's share price rose almost 15% in morning trade after it convinced investors it had kept its promise to restructure, cut costs,...

Zimbabwe moves to ban raw platinum exports

Zimbabwe's government will soon withdraw export licences from miners exporting raw platinum as it moves to promote value addition of minerals, reports state media.

Northam concludes three-year wage agreement at Zondereinde

NORTHAM Platinum said it had concluded a new wage agreement with employees represented by the National Union of Mineworkers (NUM) at its Zondereinde mine...

PTM scopes for massive $1bn Waterberg palladium mine

PLATINUM Group Metals (PTM) today unveiled details of its palladium-rich Waterberg PGM project which would create 3,361 jobs and cost just over $1bn to...

Implats to project finance Waterberg JV if it takes up 2.4bn...

IMPALA Platinum (Implats) would first finance the Waterberg Joint Venture project with debt before asking shareholders in the venture to follow their rights. In October...

RBPlat shares take hit after firm raises flag on larger-than-expected interim...

SHARES in Royal Bafokeng Platinum (RBPlat) were under pressure in Johannesburg on Wednesday as the market absorbed the news of a disappointing interim trading...

SA platinum in need of Lonmin, Impala union?

A report by Deutsche Bank sketches the fascinating scenario of an Impala-Lonmin combination as a means of installing sense into SA's platinum sector.

Council to lobby central banks to adopt platinum

The World Platinum Investment Council wants central banks to adopt platinum as a reserve asset and convert Chinese jewellery owners into platinum investors.

Eastplats reports 17% escalation in Crocodile River chrome project

EASTERN Platinum (Eastplats) said a chrome tailings retreatment project at its Crocodile River mine near Brits in South Africa's North West province would cost...