Platinum

Anglo Platinum's Mogalakwena open cast mine near Mokopane in Limpopo Province is the group's "jewel in the crown" because of its low operating costs and extremely long economic life.

Anglo Platinum CEO Neville Nicolau says the group may increase production by up to 200,000oz of platinum this year in response to improving market conditions.

Impala Platinum has put two former executive stalwarts - ex-CEO John Smithies and former head of Rustenburg operations Paul Visser - back in harness as it strives to improve its Rustenburg operations.

EASTERN Platinum (Eastplats) on Wednesday reported a full year net profit attributable to equity shareholders of $5.7m compared to a net loss of $209.4m previously.

Wesizwe hunts for a partner to develop its platinum project after its CEO Mike Solomon is cleared of any financial impropriety, clearing the air after a heated boardroom battle last year.

Lonmin shuts its perenially problematic key furnace for a month but offsets production losses by starting up three smaller furnaces.

Mining exploration and development company Jubilee Platinum, has reported the narrowing of its first half headline loss to 0.11 pence a share from 0.37 pence a share the year before.

Platinum junior Platmin, which is developing mines in South Africa, has reported the widening of its loss to $11.1m for the 10 months to end December 2009.

Anglo Platinum is learning from the past, so when it resumes dividend payments it will adopt a more 'moderate' policy, says its financial director.

UPDATED - Singapore's Temasek invests $100m in Platmin, marking what promises to be the first of a number of investments in South Africa. Platmin is to raise a further $250m in a rights issue.