Glencore to retain 50% share of Mototolo with Amplats
GLENCORE has all but exited the platinum industry following the unbundling of its Lonmin stake to shareholders in 2015, and the sale of Eland...
RBPlat bounces back to profit but BRPM shaft “under review”
ROYAL Bafokeng Platinum (RBPlat) bounced back into profit owing to an improvement in the rand basket price of its platinum group metals (PGMs), but...
Dunne’s savvy deal lines up Pandora for Northam
I DON'T know what Northam Platinum CEO, Paul Dunne, does over weekends but judging by the deal he’s just done to acquire Eland Platinum...
Implats loses R570m to stoppages but won’t turn to court
IMPALA Platinum recorded a total of 58 Section 54 safety stoppages in the six months to December which cost the group 25,000 ounces in...
Implats sticking to guns on Zimplats amid Govt pressure
IMPALA Platinum (Implats) is sticking to its guns on Zimplats for both commercial and longer-term strategic reasons despite continued pressure from the Zimbabwe government...
Amplats unlikely to sell Bokoni before 2018 – Griffith
ANGLO American Platinum (Amplats) did not anticipate closing all its non-core asset sales until the 2018 financial year when it hoped to divest of...
Amplats to sell Union, MASA Chrome to Siyanda for R400m
ANGLO American Platinum (Amplats) took the sale of non-core assets to no less than R6.3bn in 18 months after agreeing to part with its...
Cash-leaking Lonmin desperately “pulling every last lever”
RED flags are being raised over Lonmin’s ability to avoid leaking cash notwithstanding a restructuring in which 6,000 jobs – about 15% of its...
Amplats may get 30% earnings boost as chrome price soars
SHARES in South African platinum companies were punished from August last year after it became apparent the dollar price of platinum wasn’t going to...
Sibanye says up to 300koz of RPM platinum output “at risk”
BETWEEN 200,000 to 300,000 ounces a year of platinum production was "at risk" at Sibanye's Rustenburg Platinum Mines (RPM) at the current rand platinum...