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Lonmin to shed 3,500 employees in cost drive

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Lonmin confirmed reports it would shed 3,500 jobs on a voluntary basis in an effort to slash 10% of its overheads amid a sluggish platinum price.

Wesizwe plays waiting game in BEE muddle

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Wesizwe Platinum hasn't yet become embroiled in the once-empowered, always-empowered debate as its BEE partners are still technically 'empowered'.

SA platinum in need of Lonmin, Impala union?

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A report by Deutsche Bank sketches the fascinating scenario of an Impala-Lonmin combination as a means of installing sense into SA's platinum sector.

Amplats spin-off given short shrift

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The prospect of Amplats listing its non-core assets in a partial unbundling has been questioned by a UK analyst who said investors would be foolish to buy it.

Amplats ‘leaning to’ a listing of non-core assets

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Anglo American Platinum was spending more time considering listing its non-core assets in lieu of getting a decent price from remaining bidders for the assets.

Finance tougher than usual, says Jubilee

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Jubilee Platinum said it was able to raise finance for its platinum retreatment projects but it was proving harder than usual.

Glencore made best of bad Lonmin situation

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According to some candid comments by Ivan Glasenberg, Glencore did what it could with its Lonmin shares but ultimately is happy to be shot of them.

Northam net cash R3bn after BEE approved

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Paul Dunne, CEO of Northam Platinum, said it was an advantage the group beefed up its balance sheet following the 'unheard of' support for its BEE deal.

Bakgatla may be kingmaker for Union sale

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The Bakgatla-ba-Kgafela, a community in South Africa's platinum rich North West province, will exercise a pre-emption over Amplats' Union section.

ARM shows platinum ambition in Implats deal

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African Rainbow Minerals said it was interested in other platinum deals as it seals the extension of its Two Rivers joint venture with Impala Platinum.