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Platinum deficit to be higher in 2015

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The deficit in the world platinum market would widen further in 2015 than previously anticipated, said the World Platinum Investment Council.

Impala to raise R4bn in book-build

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Impala Platinum said it would raise R4bn in an equity raising in order to shore up the balance sheet following a year in which cash fell 39.5% to R2.6bn.

SA platinum cuts under-estimate the urgency

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Impala Platinum's 180,000 ounces output cut is evidence the SA platinum sector is responding to market conditions, but do the reductions go far enough?

Atlatsa still in financial limbo

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Atlatsa is still not in a position to publish its interim financial results as discussions on its future continue with Anglo American Platinum

Lonmin CEO calls for decisive government action

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Lonmin CEO Ben Magara has called for decisive action from government to help deal with the grim situation facing the platinum mining industry.

Northam prepares for Booysendal South

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The feasibility study on Booysendal South will be completed by May next year but a decision to build the new mine will depend on platinum market conditions.

Lonmin shares plumb new depths

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Lonmin shares have dropped another 20% to levels described as "ridiculous" but there's no indication yet that anyone is looking at bidding for the group.

Atlatsa angst mounts as misses filing date

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Atlatsa failed to file its interims owing to uncertainty about its financial condition - just weeks after Anglo CEO Mark Cutifani said BEE should be allowed to fail.

Aquarius Pt boss critical of platinum silos

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Jean Nel, CEO of Aquarius Platinum, said it didn't make sense to operate in silos amid crushing market conditions and called for synergistic deal-making.

RBPlat puts brakes on R10bn Styldrift venture

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Platinum company also said operational problems, load-shedding and safety stoppages contributed to a dismal first half of the financial year.