Lonmin rights offer a folly, say analysts
In the absence of its ambitious platinum price forecast materialising, Lonmin's $400m rights offer may just lead to further, more serious, turmoil in the future.
Lonmin to write down assets by $2.1bn
Lonmin said it had made progress on its plans to retrench 6,000 jobs and said assets had been revalued to between $1.6bn and $1.8bn.
Signs that platinum market has bottomed
There are signs that the platinum market may have put the worst behind it, according to analysts and market commentators.
Eastern Platinum sale may be at risk
An apparent bust-up between shareholders in Chinese group Hebei Zhongbo Platinum has thrown a question mark over the purchase of Eastern Platinum.
Lonmin announces radical restructuring and fund raising plans
Beleaguered miner plans to raise around $770-million in debt and equities while closing shafts and
shedding around 6000 jobs in an effort to cut costs.
JP Morgan “encouraged” by Lonmin plans
Lonmin shares stayed in positive territory in trading on the JSE today as investors digested the new business plan and funding strategy.
Northam applies wage deal at Booysendal
Northam Platinum has applied a wage deal between its mining contractor and unions, including AMCU, at its Booysendal mine.
RBPlat slashes capital spend in third quarter
Royal Bafokeng Platinum delivered on cuts to stay in business and expansionary capital, but investors brought its recent share run to an end.
Raising cash “extremely awkward”: Goodlace
Impala Platinum CEO, Terence Goodlace, said it was "extremely awkward" raising money into today's market and productivity was becoming an "urgent" problem.
PGM fallout from VW scandal muted, for now
The impact on the platinum group metal producers from the Volkswagen AG 'dieselgate' scandal may be limited, analysts suggest.