Building the platinum demand of tomorrow
It's early days, but Impala Platinum's Derek Engelbrecht sees no reason why South Africa shouldn't have its own platinum coin.
Wesizwe cuts Bakubung capex 11% to R10.7bn
An optimisation study allowed the group to cut production against a 2009 bankable feasibility study and lift production a fifth in reponse to market conditions.
RBPlat ‘cautiously optimistic’ on wage deal
Royal Bafokeng Platinum hoped to conclude a new wage deal with the NUM, and analysts agree it is likely to push through an agreement without mishap.
Platinum firms “far apart” from AMCU on wages
Wage talks between AMCU and South Africa's platinum producers ended in failure today with the parties declaring themselves far apart.
RBPlat taps market for R1.5bn Styldrift funds
Royal Bafokeng Platinum hopes to raise R900m in a rights issue but will first seek R600m in a book-build in an effort to fund R1.5bn of its R11bn Styldrift project.
AMCU quandry echoes UK coal union finale
The coal miners strike in the UK during the Eighties spelled the end of the union movement in that sector, a high stakes event that has historic relevance for AMCU.
Platinum impervious to strike … for now
The platinum price may well respond if a strike at South Africa's producers were to continue for another month, said Impala Platinum's Derek Engelbrecht.
Implats passes dividend as screw tightens
Impala Platinum held the interim dividend has cash fell and net debt rose and as the undoubted pressure of a five week strike at Rustenburg began to tell.
A rock and a hard place for Amplats’ Griffith
Chris Griffith is clearly under pressure from the South African government to help diminish AMCU whilst his own company has little interest in subsidising the mines of Rustenburg.
Glyn Lewis calls time on Northam career
Northam Platinum's CEO of eight years, Glyn Lewis, will make way for former Implats executive, Paul Dunne, after deciding to accelerate his retirement plans.