Govt suspended platinum mining in Rustenburg
The mines safety inspectorate in the North West province said underground operations had to close - and then, unusually, changed its mine 24 hours later.
Lonmin $400m rights offer under-subscribed
Lonmin's controversial $400m rights offer was under-subscribed by some 30% with the firm's bankers now seeking to place the shares in the open market.
Tharisa to chase down 10% cost reduction
Tharisa produced a maiden full-year profit but said for the current year it would seek a 10% reduction in costs and overheads.
Sibanye undaunted by PGM price slide
Neal Froneman, CEO of Sibanye Gold, said his company remained committed to buying Aquarius Platinum and Amplats' Rustenburg operations.
VW fallout ‘greatly over-stated’ for platinum
The World Platinum Investment Council said there was as much upside as downside following the Volkswagen scandal on diesel engine autocatalysis.
Green light for Lonmin $407m rights offer
Lonmin's $407m rights offer received the green light from shareholders following an annual general meeting in London.
Relieved Magara commits to stem Lonmin outflow
Ben Magara, CEO of Lonmin, said the company had done the right thing and would be cash flow neutral in three years at current spot prices.
ETF liquidations soar since Lonmin rights offer
Up to 14% and 18% of total platinum and palladium-backed exchange traded funds were liquidated since Lonmin unveiled a $408m rights offer on November 9.
PIC underwrites 25% of Lonmin rights offer
State-owned pension fund, the Public Investment Corporation, is to under-write a further 25% of Lonmin should the rights offer receive the green light this week.
“We could have done it better”: Lonmin’s Magara
Costly decisions on mechanisation, new projects and failing to cut production quickly enough were mistakes his and other platinum companies had committed.