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...
Lonmin output losses mount as Bapo protests set to continue
EFFORTS to resume production at two shafts at Lonmin's Marikana mine ended in disappointment for the platinum miner which said its revenue loss following...
Lonmin loses R40m in revenue after seven-day Bapo protest
LONMIN had lost about R40m in revenue following week-long community disruptions at its Marikana operation in which damage to property and intimidation of employees...
Tharisa to pay R303m for MCC mining fleet purchase
PLATINUM group metal (PGM) and chrome producer, Tharisa, confirmed plans to convert to owner-operatorship of its Tharisa mine near Rustenburg at a cost of...
“Persistent palladium deficit” bodes well for Sibanye’s R27bn gambit
SIBANYE Gold received a boost following publication of the GFMS Platinum Metals Group Survey which said palladium was in a "persistent deficit" and forecast...
Community protests put Impala Platinum’s Marula mine at risk
Continuing community unrest and protest action in Mpumalanga is threatening the viability of Impala Platinum’s (Implats) Marula mine and the operation is to undergo...
Platinum Group Metals to raise another US$20m
Platinum Group Metals (PTM) is to raise a further US$20m through a “bought deal” with BMO Capital Markets after raising $25m through a previously...
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...