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...
Eastplats may open tailings plant as fends off legal claims
EASTERN Platinum (Eastplats) is studying the viability of processing chrome and platinum-bearing tailings at its mothballed Crocodile River Mine (CRM) and has retained SRK...
Sibanye offers $1bn rights offer at hefty 60% discount
SIBANYE Gold unveiled the terms of its $1bn rights issue which will help finance the proposed $2.2bn takeover of Stillwater Mining, a US-based palladium...
Zimbabwe adopts Pallinghurst blueprint for $500m in platinum beneficiation
THE Zimbabwean cabinet has today agreed to a proposal by South Africa's Pallinghurst Resources and the Industrial Development Corporation (IDC) that will lead to...
PTM asks Amplats for indicative offer as considers Maseve sale
ONE of the strategic options considered by Toronto-listed miner, Platinum Group Metals (PTM), regarding its struggling Maseve platinum mine in South Africa's Bushveld Complex...
Tharisa flies on chrome boom, but it warns market is volatile
SHARES in Tharisa, a chrome and platinum producer, were over 6% higher on the Johannesburg Stock Exchange today after the company filed interim figures...
Reopening mothballed shafts may yield 250koz/year for Lonmin
LONMIN was studying the feasibility of reopening shafts that could yield between 200,000 to 250,000 ounces a year of platinum group metals (PGM), roughly...
Lonmin cash burn continues apace as H1 output slides
LONMIN continued to lose money in the six months ended March leaking 32.9 cents per share (2016: 37.3c/share), equal to $48m, following an operating...