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Story of two capital raising efforts

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RAISING money for platinum mining in the current market can be something of a hazardous business; or is it? Well, the answer is that it just depends.

Strike will hit platinum price in May

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THE strike at the platinum mines, now in its thirteenth week, will cause the price of the metal to start recovering soon.

Strike removes up to 2,5m ounces from market

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The strike will normalise the platinum market for at least five years, says Impala Platinum marketing head Derek Engelbrecht.

‘Normal’ platinum output unlikely before July

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PLATINUM miners have started communicating a settlement wage offer directly to employees after negotiations failed,

Labour, uncertainty kills Platfields deal

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LONG-RUNNING talks between platinum exploration company Platfields and an international funder have ended, raising the possibility that a rights issue may be required to ensure the future sustainability of the company.

Platinum offer ‘won’t break strike’

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A REVISED offer tabled by the world’s three biggest platinum producers, aiming to end a three-month strike, will be insufficient to get negotiators to a settlement before the elections on May 7, said Investec Asset Management.

Amplats, Implats offer R12,500/m by 2017

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South African platinum firms have offered to meet AMCU's R12,500 per month basic wage demand by 2017 in a move they said they could "ill afford".

Aquarius unveils hefty discount in $225m offer

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Shareholders in Aquarius Platinum will now deliberate over whether to accept the 66% discount offered today in a 2:1 rights offer aimed at destressing the balance sheet.

Palladium ETF to ride metal supply fears

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Absa Capital's latest addition to its ETF suite is a palladium product it expects will attract a similar investor that has scooped up a million oz of its platinum ETF.

Pouroulis family launch third pass at platinum

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Tharisa Minerals is the latest company to roll off the conveyor belt of the Pouroulis family, led by patriarch, Loucas Pouroulis