Cash flush Tharisa to convert to owner-operator model
THARISA, a chrome and platinum group metal mining firm, is to buy a portion of the fleet operated by its mining contractor, MCC Contracts...
Pallinghurst to build PGM technology tipped to transform sector
PALLINGHURST Resources through its platinum investment Sedibelo Platinum Mine, together with Lifezone and the Industrial Development Corporation (IDC) are to press ahead with the...
Froneman frustrated as Sibanye struggles for recognition
SIBANYE Gold CEO, Neal Froneman, could hardly conceal his frustration with the performance of the firm’s share price which at the time of the...
Platinum deficit to narrow in 2017 but WPIC bullish long-term
THE deficit in the platinum market is forecast to narrow in 2017 to some 120,000 ounces (2016: 270,000 oz), according to the World Platinum...
SA platinum not done enough to remedy cash burn, over-supply
SOUTH African platinum supply would increase by up to 400,000 ounces per year by 2021, said Goldman Sachs in a note which may worry...
RBPlat to issue R1.2bn in bonds amid share price pressure
ROYAL Bafokeng Platinum (RBPlat) is to issue R1.2bn in corporate bonds in order to complete some R3.2bn in finance for the expansion of its...
Lonmin woes deepen as COO resigns for “personal reasons”
LONMIN suffered a body blow today with the departure of its chief operating officer Ben Moolman who has resigned owing to "personal reasons".
"The board...
Sibanye cuts platinum reserves at RPM, Kroondal
SIBANYE Gold reduced estimated mineral reserves at its newly acquired platinum (4E) operations by some 12.5 million ounces of which about half were at...
Amplats sacrifices leverage to platinum for more process margin
ONE of the interesting elements of Anglo American Platinum’s (Amplats’) divestments of non-core assets is how it has been able to dispense with the...
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...