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...
Zimplats tipped to launch objection to “idle ground” seizure
ZIMBABWE will move ahead with plans to seize control of "idle" mining ground, a move that has affected Zimplats which has until 13 February...
SA platinum consolidation still on the table for Sibanye’s Froneman
THERE are market whispers that Sibanye Gold’s daring R30bn takeover of Stillwater Mining, a platinum and palladium company in the US, may be Neal...
Sibanye may shed 330 platinum miners in R800m cost drive
SIBANYE Gold could retrench about 330 employees at its platinum operations in terms of a proposal to extract R800m in operational synergies between properties...
PTM to raise $25m for Maseve in latest bought deal
PLATINUM Group Metals (PTM), the Toronto-listed platinum development firm and producer, is to issue shares that will raise $25m which it will use to...
Lonmin’s Magara frets over irreparable damage of PGM slump
PLATINUM consumers do not believe the dire warnings over a future supply crunch in the metal being sounded by the South African platinum miners...
PTM targets 120koz but may need $5m to $15m after Maseve...
PLATINUM Group Metals (PTM) hoped to make its Maseve platinum mine cash flow positive in the first half of this year and produce up...