‘Normal’ platinum output unlikely before July
PLATINUM miners have started communicating a settlement wage offer directly to
employees after negotiations failed,
Labour, uncertainty kills Platfields deal
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’
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
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
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
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
Tharisa Minerals is the latest company to roll off the conveyor belt of the Pouroulis family, led by patriarch, Loucas Pouroulis
New generation of Pt miner plots way to JSE
Sedibelo Platinum Mines, Ivanhoe Mines and the recently listed Tharisa are proof that investors will have more options as SA's platinum industry changes scope.
Tharisa halves capital raising to R500m
Tharisa, a chrome and platinum producer, has halved the capital it intended to raise in its JSE debut scheduled for April 10 owing to difficult market conditions.
Aquarius takes gap in $225m bond repurchase
The platinum firm said improved operational performance was an opportunity to buy back up to $225m in bonds and give it flexibility to assess new projects.