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Sibanye to buy Stillwater for R30bn, plans R10.3bn rights issue

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SIBANYE Gold is to buy New York-listed platinum group metal (PGM) producer, Stillwater Mining Company (Stillwater), for $2.2bn in a deal that internationalises the...

Zimbabwe extends platinum tax deadline to end-2017

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ZIMBABWE has again postponed a 15% tax on exports of unbeneficiated platinum group metals (PGMs) to 2018 so that miners can redouble their efforts...

Implats appoints Nico Muller as CEO, effective April 2017

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IMPALA Platinum (Implats) has appointed former Gold Fields and Royal Bafokeng Platinum executive, Nico Muller, as its new CEO following the resignation of Terence...

Jubilee to deliver first platinum from Hernic plant in February

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JUBILEE Platinum is on track to start commissioning its Hernic platinum recovery plant in December and then deliver the first platinum concentrates during February...

Amplats makes progress but Bokoni is unfinished business

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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

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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

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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

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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

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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

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THE forecast deficit in the platinum sector would shrink this year but would nonetheless continue into 2017 - a sixth consecutive annual deficit, said...