Froneman warns Lonmin deal is off should it fail cost out...
NEAL Froneman warned Ben Magara's Lonmin that failing to deliver on the platinum firm's restructuring plans would see the withdrawal of Sibanye-Stillwater's R5.1bn all...
How Griffith made Amplats fit the new Anglo American formula
COMMENTING in the firm's 2017 annual review, Anglo American Platinum (Amplats) CEO, Chris Griffith, described the company as "a fundamentally different business". There's no...
Amplats pays R900m dividend as five-year strategy bears fruit
ANGLO American Platinum (Amplats) placed the cherry atop its painful five-year restructuring strategy by paying a R900m dividend - equal to R3.49/share - a...
Ben’s bet only delayed inevitable Sibanye-Stillwater bid for Lonmin
IT looks as if Lonmin CEO, Ben Magara, saw the writing on the wall roughly three-quarters through 2017. Faced with the prospect that the...
Zimbabwe steadfast on platinum sector local ownership law
ZIMBABWE will not lift the 51% local ownership requirement - known as indigenization - for the country’s platinum mines, according to the country's newly...
Fire at Implats No. 5 furnace not expected to hurt output...
A FIRE broke out at Impala Platinum's (Implats') No. 5 furnace at 6am on Sunday (February 4), but the event is not expected to...
Northam gives mind to reopening Eland as rhodium soars
NORTHAM Platinum said it was "well advanced" in developing its mine plan for Eland Platinum, the purchase of which from Glencore was made unconditional...
Lonmin distress unsustainable after suffers $1.05bn impairment
THE full extent of Lonmin's financial distress was made plain today following the publication of its 2017 financial numbers in which it posted a...
Lonmin’s gossamer-like link with solvency for all to see
THE gossamer-like nature of Lonmin's connection with solvency was made plain again today after the platinum group metals (PGMs) company confirmed that its restructuring plans...
Flicker of daylight as shares in PTM pick up 18% in...
SHARES in Platinum Group Metals (PTM) have recovered just over 18% since the beginning of the year, but the company's finances remain fragile.
The company...