Sibanye may shed 330 platinum miners in R800m cost drive
SIBANYE Gold could retrench about 330 employees at its platinum operations in terms of a proposal to extract R800m in operational synergies between properties...
PTM to raise $25m for Maseve in latest bought deal
PLATINUM Group Metals (PTM), the Toronto-listed platinum development firm and producer, is to issue shares that will raise $25m which it will use to...
Lonmin’s Magara frets over irreparable damage of PGM slump
PLATINUM consumers do not believe the dire warnings over a future supply crunch in the metal being sounded by the South African platinum miners...
PTM targets 120koz but may need $5m to $15m after Maseve...
PLATINUM Group Metals (PTM) hoped to make its Maseve platinum mine cash flow positive in the first half of this year and produce up...
Bauba Platinum shares surge as firm reopens chrome mine
SHARES in Bauba Platinum leapt 160% in the first hour of trade on the Johannesburg Stock Exchange on January 5 after the chrome and...
Is Nico Muller suited to the high level management of Implats?
THE appointment of Nico Muller as CEO of Impala Platinum (Implats) has drawn mixed reaction from the investment community with the focus falling on...
Eastplats cancels share placement as it squares off against HZT
Eastern Platinum (Eastplats) has cancelled the private placement of shares announced in October to raise $10.3m stating that “the company and the placee have...
Stillwater deal not the end of Sibanye’s growth ambitions
SHARES in Sibanye Gold lost nearly 12% on the Johannesburg Stock Exchange by midday as investors reacted to its R30bn cash bid for Stillwater...
Sibanye to buy Stillwater for R30bn, plans R10.3bn rights issue
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
ZIMBABWE has again postponed a 15% tax on exports of unbeneficiated platinum group metals (PGMs) to 2018 so that miners can redouble their efforts...