Lonmin extends jobs cuts, slashes output 100koz
Lonmin gave its frankest admission yet the future of the business was at stake without restructuring - a development that spooked investors who fled the stock.
Amplats ices projects in R6bn cost saving drive
Anglo American Platinum unveiled a second wave of cost saving in which it would cut capital R600m and delay projects while keeping to output targets.
Amplats IPO keeps pressure on sale process
Chris Griffith, CEO of Anglo American Platinum, said keeping the firm's options open on its non-core assets helped retain "pressure on the process".
RBPlat gives up 5% as interim loss hits home
Shares in Lonmin lost about 12% taking losses for the last 30 days to over 40% while Royal Bafokeng Platinum said it would post an interim loss.
Platinum sector must get fuel cells into gear
Faced with falling consumption of diesel cars and the rise of electric vehicles, now is the time for the platinum sector to deliver on long-standing fuel cell technology.
Dismay as Zim indigenisation talks stall
South African platinum firms have been unable to progress indigenisation deals with the Zimbabwean government with both sides stuck over compensation.
Bokoni Mines on knife-edge as R422m deal fails
The failure to supply R422m to Atlatsa Resources' Bokoni Mines had put the sustainability of the company at risk and triggered urgent refinancing discussions.
Amplats to cut 420 managerial jobs as market bites
The consolidation of Anglo American Platinum's operations, and a deteriorating platinum market, has meant some 420 jobs are surplus to requirements.
Lonmin playing “game of chicken” with market
Analysts think Lonmin has the least flexibility of its peers and will almost certainly end up a smaller company, especially whilst it holds back on refinancing.
Tharisa hopes interim profit is shape of future
Tharisa produced its first headline earnings despite lower prices and chrome output and said it was targeting debt which had topped $99m.