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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.

Metal price slump hurts Zimplats

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Zimplats produced lower volumes in a weaker market which resulted in a 41% June quarter profit slide at the Impala Platinum subsidiary.

Major platinum cuts unlikely, says Griffith

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Anglo American Platinum CEO, Chris Griffith, said major restructuring in the South African platinum sector was unlikely "at these levels".

Northam agrees 13% wage lift at Zondereinde

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Northam Platinum grants NUM members a 13% lift to basic wages and allowances in year one at its Zondereinde mine where labour relations have been volatile.

Lonmin sinks as restructuring fails to inspire

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Pressure on Lonmin's share price continued apace with analysts saying its restructuring would fail to make it cash flow positive without a higher metal price.

Lonmin extends jobs cuts, slashes output 100koz

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Lonmin gave its frankest admission yet the future of the business was at stake without restructuring - a development that spooked investors who fled the stock.