Amplats to write-off R4.2bn Atlatsa debt, mothballs Bokoni
ATLATSA Resources Corporation (Atlatsa) will put its 51%-owned Bokoni Platinum Mines (Bokoni Mines) on care and maintenance which will remove an estimated 140,000 ounces...
Amplats to report refined metal backlog, R2.2bn in impairments
TECHNICAL problems in processing which lead to lower sales, and a stronger rand, would impact the interim earnings of Anglo American Platinum (Amplats), the...
PTM to seek more funds after $287m loss sends it to...
THE resolve of shareholders in Toronto-listed Platinum Group Metals (PTM) may be tested further after the company said on July 17 it may seek...
Cash up at Lonmin after Magara finds more “levers to pull”
LONMIN CEO, Ben Magara, said the platinum producer continued to find "levers to pull" following an improved third quarter mining performance in which net...
Tharisa forecasts stable chrome price as support returns
THE chrome price was forecast to further stabilise amid evidence that demand for the metal would remain strong, said Tharisa, the Johannesburg-listed platinum group...
PTM to slash jobs, downscale output as clock ticks on Maseve
PLATINUM Group Metals (PTM), the Toronto-listed mining company, is to reduce the production target of its Maseve mine in a restructuring that will affect...
Platinum Group Metals raises yet more funds as Maseve struggles
Toronto-listed Platinum Group Metals (PTM) is to raise a further US$20m through the issue of convertible notes making a total of $65m it has...
Strong rand clobbers Anglo American Platinum’s earnings
Anglo American Platinum (AngloPlat) has cautioned shareholders that its earnings for the six months to end-June will be at least 20% lower than the...
Sibanye sells $1.05bn bonds as Moody’s goes negative on Charter
SIBANYE Gold sold $1.05bn worth of bonds notwithstanding ructions in South Africa's mining sector following the publication of a new Mining Charter last week....
Froneman stumps up R19m as follows rights in Stillwater deal
NEAL Froneman, CEO of Sibanye Gold, has subscribed for R19.4m shares in the company in terms of its $1bn rights issue, the proceeds of...