Tuesday, July 17, 2018

UPDATE: Fewer than one in seven Lonmin employees have turned up for work as the company aims to have a peace agreement with all unions in place later this week.

Newly-listed Bauba Platinum has asked the JSE to suspend its shares after it failed to come to an agreement on assets with vendors.

The Zimbabwean government will on January 9 call for expressions of interest in a platinum refinery as miners in the country start to pay the raw materials levy.

Lonmin says employees will receive pay rises and benefit improvements of up to 10%, depending on job grades, as part of a two-year wage agreement with NUM.

Platinum Australia says operations at its Smokey Hills mine are once again under way, following the lifting of a suspension notice by the department of mineral resources.

A slew of extraordinary costs, and with high capital demands over the coming years, Amplats fends off questions that it is losing control over its debt.

Impala Platinum has abandoned plans to sell its 78,500 oz/year Marula platinum mine saying, instead, it will expand the operation.

Rising investment may take platinum to $2,000 an ounce in the next six months, its highest since mid-2008, Johnson Matthey said in an annual report.

Zimbabwe's mines minister, Obert Mpofu, said he had seized land from Zimplats and demanded the firm, and other platinum miners, to establish a refinery.

SIBANYE Gold is to buy New York-listed platinum group metal (PGM) producer, Stillwater Mining Company (Stillwater), for $2.2bn in a deal that internationalises the...