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.
PIC chided for risky business in Lonmin offer
Neal Froneman, CEO of Sibanye Gold, asked why the PIC was investing pension funds in Lonmin which was "a risky" investment.
Lonmin write down an omen of stricken sector
Lonmin's announcement that it would write-down up to R2.05bn in assets would be the first of many in the stricken platinum sector, analysts said.
Eastplats sale to Chinese stalls amid bust-up
Eastern Platinum conceded that its chances of selling its South African assets to a Chinese company hinged on the buyer resolving shareholder differences.