Lonmin CEO calls for decisive government action
Lonmin CEO Ben Magara has called for decisive action from government to help deal with the grim situation facing the platinum mining industry.
Northam prepares for Booysendal South
The feasibility study on Booysendal South will be completed by May next year but a decision to build the new mine will depend on platinum market conditions.
Lonmin shares plumb new depths
Lonmin shares have dropped another 20% to levels described as "ridiculous" but there's no indication yet that anyone is looking at bidding for the group.
Atlatsa angst mounts as misses filing date
Atlatsa failed to file its interims owing to uncertainty about its financial condition - just weeks after Anglo CEO Mark Cutifani said BEE should be allowed to fail.
Aquarius Pt boss critical of platinum silos
Jean Nel, CEO of Aquarius Platinum, said it didn't make sense to operate in silos amid crushing market conditions and called for synergistic deal-making.
RBPlat puts brakes on R10bn Styldrift venture
Platinum company also said operational problems, load-shedding and safety stoppages contributed to a dismal first half of the financial year.
Metal price slump hurts Zimplats
Zimplats produced lower volumes in a weaker market which resulted in a 41% June quarter profit slide at the Impala Platinum subsidiary.
Major platinum cuts unlikely, says Griffith
Anglo American Platinum CEO, Chris Griffith, said major restructuring in the South African platinum sector was unlikely "at these levels".
Northam agrees 13% wage lift at Zondereinde
Northam Platinum grants NUM members a 13% lift to basic wages and allowances in year one at its Zondereinde mine where labour relations have been volatile.
Lonmin sinks as restructuring fails to inspire
Pressure on Lonmin's share price continued apace with analysts saying its restructuring would fail to make it cash flow positive without a higher metal price.