Home News PGMs Page 128

PGMs

Glencore made best of bad Lonmin situation

0
According to some candid comments by Ivan Glasenberg, Glencore did what it could with its Lonmin shares but ultimately is happy to be shot of them.

Northam net cash R3bn after BEE approved

0
Paul Dunne, CEO of Northam Platinum, said it was an advantage the group beefed up its balance sheet following the 'unheard of' support for its BEE deal.

Bakgatla may be kingmaker for Union sale

0
The Bakgatla-ba-Kgafela, a community in South Africa's platinum rich North West province, will exercise a pre-emption over Amplats' Union section.

ARM shows platinum ambition in Implats deal

0
African Rainbow Minerals said it was interested in other platinum deals as it seals the extension of its Two Rivers joint venture with Impala Platinum.

Platinum stocks to fall 8% in 2015

0
Platinum inventories, blamed for suppressing the platinum price, would fall again in 2015 as the market remained in a supply deficit.

Lonmin, Impala may return to debt, equity markets

0
Impala may struggle to finance its R30bn capital programme while Lonmin was delaying the inevitable by failing to address its cash burn, analysts said.

Northam R2.5bn book-build augurs well for BEE

0
Shares worth R2.5 owned by ENRC in Northam were placed with investors at the slimmest of discounts - an outcome the firm said augured well for its BEE deal.

Platinum buyers seek to limit SA output risk

0
Royal Bafokeng Platinum CEO, Steve Phiri, made the alarming observation that his clients were buying recycled material because SA production was too risky.

Anglo net debt may spur Amplats sales

0
Amplats seems to have upped the pace on its divestment programme, an interesting development that may be spurred by Anglo's concern with net debt.

Platinum CEOs say mechanisation not a panacea

0
Mechanisation, whilst the mining method of the future, is not the panacea for all mines, say CEOs from Impala Platinum and Anglo American Platinum.