Amplats spin-off given short shrift
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
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
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
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
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
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
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.
Platinum stocks to fall 8% in 2015
Platinum inventories, blamed for suppressing the platinum price, would fall again in 2015 as the market remained in a supply deficit.
Lonmin, Impala may return to debt, equity markets
Impala may struggle to finance its R30bn capital programme while Lonmin was delaying the inevitable by failing to address its cash burn, analysts said.
Northam R2.5bn book-build augurs well for BEE
Shares worth R2.5 owned by ENRC in Northam were placed with investors at the slimmest of discounts - an outcome the firm said augured well for its BEE deal.