Amplats makes progress but Bokoni is unfinished business
ANGLO American Platinum (Amplats) has enjoyed a relatively successful second half of 2016 making strides in its portfolio restructuring and signing a wage agreement...
PTM impairs Maseve, fires contractor, but looks to better 2017
PLATINUM Group Metals (PTM) reported a less than smooth start to its Maeseve mine in its 2016 financial year impairing the asset for $41.4m...
Northam’s Dunne adds voice to SA mining distress call
PAUL Dunne, CEO of Northam Platinum, added his voice to industry concerns regarding the condition of South Africa's mining sector saying investors were "getting...
Tharisa promises “considerable” cash growth after maiden payout
CHROME and platinum group metal (PGM) mining firm, Tharisa, is to pay a maiden dividend of 1 US cent per share and said it...
Despite its best efforts, Lonmin remains a company in distress
LONMIN, the Johannesburg-listed platinum producer, ended its 2016 financial year in a far better position than it began with net cash increasing to $173m,...
Platinum prospects diminish as 2016 deficit narrows: WPIC
THE forecast deficit in the platinum sector would shrink this year but would nonetheless continue into 2017 - a sixth consecutive annual deficit, said...
Eastplats deepens loss after spending R31m in legacy issues
EASTERN Platinum (Eastplats), a Canadian company now under the control of Chinese investment firm, Ka An Development Company (Ka An), said it had spent...
RBPlat’s Phiri adds voice to Section 54 stoppage scourge
AFTER years of playing nicely, South Africa’s mining sector has come out strongly against state capture and other forms of corruption in the country,...
Lonmin to cut output up to 12% as “over-supply was a...
LONMIN has reduced its platinum sales target by as much as 12% to 650,000 ounces for its 2017 financial year in order to cut...
Amplats to sell Pandora to Lonmin for R400m to R1bn.
ANGLO American Platinum (Amplats) kept up the momentum of portfolio restructuring announcing today it had agreed to sell its 42.5% stake in the Pandora...