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...
Investors clamour for Sibanye shares as palladium soars
SIBANYE Gold is to rellocate shares in terms of excess applications for its $1bn rights offer which was oversubscribed by nearly five times.
The precious...
Sibanye $1bn rights issue could see firm go backwards – Viljoen
THE jury was out on Sibanye Gold's $1bn rights issue the proceeds of which will be used to fund its $2.2bn takeover of US-based...
Amplats’ Griffith holding thumbs Govt will approve platinum coin
AFTER years of on-off negotiating, South Africa's platinum sector is no closer to extracting an agreement with its government on minting an investment coin...
Critical to take platinum out of market, says Sibanye’s Froneman
THERE was a "high degree of concern" for the economic viability of up to 300,000 ounces of Sibanye Gold's platinum group metal (PGM) production...
Tharisa seeks through the cycle profits, eyes payout lift
THARISA, a company that mines for chrome and platinum, was one of the best performing mining shares on the JSE last year largely owing...
Fear grows Lonmin edging to fourth rights issue in eight years
ANALYSTS remain as sceptical of Lonmin as ever judging by their comments following the platinum producer's half-year figures earlier this month in which cash...
Implats to refinance balance sheet as metal prices languish
IMPALA Platinum (Implats) is to refinance its balance sheet after it today announced the terms of two convertible bonds which will replace existing convertible...