Sibanye cuts Stillwater rights issue to $1bn as conditions improve
SIBANYE Gold confirmed today it had received US regulatory approval for its $2.2bn bid for Stillwater Mining and said it would restrict the rights...
Lonmin, Amplats reap benefits of rand hedge status … for now
WITH a second credit rating downgrade for SA confirmed, it might be worth weighing up the pros and cons of the recent resuscitation of...
Platinum price troughed but recovery to be “slow” and “painful”
APART from Goldman Sachs, which is bearish, analysts are finding reasons to be cheerful regarding the platinum price which has troughed, they believed. However,...
Implats to collect R218m as A-1 case grinds on
IMPALA Platinum (Implats) has been awarded $16m (R218m) by a court in Pennsylvania after it won a case of fraudulent transfer relating to the...
PTM in strategic asset review as downgrades Maseve again
PLATINUM Group Metals (PTM) downgraded 2017 production at its Maseve mine and said there was a risk of strike activity at its milling operations...
Cash flush Tharisa to convert to owner-operator model
THARISA, a chrome and platinum group metal mining firm, is to buy a portion of the fleet operated by its mining contractor, MCC Contracts...
Pallinghurst to build PGM technology tipped to transform sector
PALLINGHURST Resources through its platinum investment Sedibelo Platinum Mine, together with Lifezone and the Industrial Development Corporation (IDC) are to press ahead with the...
Froneman frustrated as Sibanye struggles for recognition
SIBANYE Gold CEO, Neal Froneman, could hardly conceal his frustration with the performance of the firm’s share price which at the time of the...
Platinum deficit to narrow in 2017 but WPIC bullish long-term
THE deficit in the platinum market is forecast to narrow in 2017 to some 120,000 ounces (2016: 270,000 oz), according to the World Platinum...
SA platinum not done enough to remedy cash burn, over-supply
SOUTH African platinum supply would increase by up to 400,000 ounces per year by 2021, said Goldman Sachs in a note which may worry...