Sibanye-Stillwater to halve Stillwater output, eyes $600-700m in metal sales
SIBANYE-Stillwater is to cut production at its US Stillwater palladium/platinum mine 200,000 ounces/year and is nearing additional prepayment deals on gold as well as...
Anglo raises R7.2bn from Amplats bookbuild
ANGLO American raised R7.2bn in gross proceeds from an accelerated bookbuild of shares in its 78% owned Anglo American Platinum (Amplats).
The UK-listed firm announced...
Anglo announces accelerated bookbuild in Amplats shares
ANGLO American is to sell new shares in its 78.5% owned subsidiary Anglo American Platinum (Amplats) in a bookbuild starting immediately that is worth...
Platinum tipped to shake off negative price sentiment
THE platinum market is forecast to move into a yet wider supply deficit this year, according to the World Platinum Investment Council (WPIC).
Commenting in...
Wesizwe Platinum concentrator delayed by “certain defects”
WESIZWE Platinum is to ramp up production from its Bakubung mine in South Africa's North West province in the first quarter of 2025, the...
ARM chases down chrome revenue as PGMs fade
AFRICAN Rainbow Minerals (ARM) is accelerating plans to move into copper and chrome production after a major correction in platinum group metals (PGM) and...
ARM’s earnings drop 43% after PGM strategy backfires
AFRICAN Rainbow Minerals has reported a 43% drop in headline earnings for the year to June as the downturn in the platinum group metals...
Sibanye-Stillwater earnings plummet as axe hovers over US mine
SIBANYE-Stillwater will report a more than 100% decline in basic earnings for six months ended June owing to depressed metal prices which resulted in...
Dunne says PGM projects like Platreef expansion in doubt
NORTHAM Platinum CEO Paul Dunne has dumped cold water over the various junior miners trying to get into the platinum sector and has also...
Northam warns of “inevitable depletion” for PGM industry
SOUTH Africa would be unable to sustain 3.9 million ounces in annual platinum group metals (PGMs) production owing to the slump in metal prices...