SA platinum supply to fall 2% in 2024, says WPIC
PLATINUM was heading for another supply deficit this year calculated by the World Platinum Investment Council (WPIC) at 476,000 ounces. The metal recorded a...
Implats CEO urges investors to play the long game
NICO Muller, Impala Platinum (Implats) CEO, carries a slightly haunted air at the moment. Speaking at the PGMs Industry Day conference in Joburg last...
Implats says investors continue to influence “volatile” PGMs
INVESTORS continued to influence platinum group metals (PGMs) in Impala Platinum's (Implats') third quarter resulting in volatile pricing, the firm's CEO Nico Muller said...
Sibanye-Stillwater plays down AGM bond jeopardy
SIBANYE-Stillwater's annual general meeting on May 28 carries more than the usual jeopardy following the company’s surprise $500m convertible loan launched last year. If...
Implats to slash 3 900 jobs on weak PGM prices
ABOUT 3,900 jobs are on the line at platinum group metals (PGM) miner Implats as weak platinum prices and input cost pressures have forced...
Sibanye closes the loss-making 4B shaft at Marikana but minimises job...
Sibanye Stillwater is to close the 4B shaft at its Marikana platinum operations near Brits affecting 1,496 employees and 54 contractors some five years...
Platinum shares take off leaving pessimistic investors trailing in their wake
The recent and sudden surge in platinum share prices has caught investors by surprise and, according to Noah Capital Markets analyst Rene Hochreiter, has...
PGM shares to remain capped by oversupplied market, say analysts
RECENT price strength in platinum shares on the Johannesburg Stock Exchange is "purely speculative" according to mining equities analyst at Standard Bank Group Securities,...
Sibanye-Stillwater says 4,022 jobs at stake in latest restructure
SIBANYE-Stillwater announced further restructuring of its South African business potentially affecting 3,107 employees and 915 contractors.
The reduction in headcount will be at operations and...
The platinum project that could leave Amplats with egg on its...
IF Ivanhoe Mines executive co-chairman Robert Friedland is correct with claims over the postulated 'Mokopane Feeder' platinum formation then the group that will have...