Northam set fair for “promising” advance on Booysendal South
NORTHAM Platinum, which is investing R3.5bn in the current financial year as part of its aggressive expansion strategy, said progress on its new Booysendal...
Tharisa takes Zimbabwe spend to R100m as buys stake in Karo
THARISA, the Johannesburg- and London-listed chrome and platinum group metals (PGM) producer has extended its interest in Zimbabwe after announcing a $4.5m (R60m) investment...
Sibanye-Stillwater’s Froneman predicts share ‘turnaround’ once metal streaming deal unveiled
NEAL Froneman, CEO of Sibanye-Stillwater, promised analysts they would be "pleasantly surprised" by a proposed streaming deal the firm was negotiating which would then...
Eastplats sues former directors on BEE ‘enrichment’ allegations
A NEW chapter has been added to Eastern Platinum's (Eastplats') legal odyssey with the Johannesburg-listed firm today saying it would litigate against former directors for...
Implats cuts deal with Zimbabwe on disputed Zimplats land
IMPALA Platinum (Implats) announced today it had resolved a long-standing legal dispute with the Zimbabwean government after agreeing to release some 23,903 hectares of...
Northam R3bn funding foresees ‘medium-term’ PGM opportunities
NORTHAM Platinum added further heft to its balance sheet today announcing a new R1bn revolving credit facility (RCF) which will tide it over during...
PGMs to remain critical feature as Tharisa plots future
THARISA CFO, Michael Jones, expressed genuine surprise that his company was twice the value of Lonmin. At a market capitalisation R5bn, Tharisa has come...
Lonmin cuts capex as net cash slides to $17m after lock-up
TROUBLED platinum producer, Lonmin, reported a decline in net cash during the six months ended March owing to a lock-up of metal following a...
Lonmin merger with Sibanye-Stillwater may be on the skids
SIBANYE-Stillwater's proposed merger with Lonmin may be on the skids, said Liberum Capital in a recent report.
According to the UK investment bank, the low...
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...