Home News PGMs Page 129

PGMs

Jury out on platinum market surge in 2015

0
The theory is that the platinum market will recover during the course of this year - a view which has its followers and detractors.

Glencore divests of Lonmin, cuts $1bn in capex

0
Glencore is to unbundle its 23.9% stake in Lonmin to shareholders but said the distribution was not a dividend replacement.

Implats stands ground despite Zim levy threat

0
Impala Platinum sent a letter to Zimbabwe's mines ministry in which it insisted a platinum refinery would take 18 months to build despite a 15% levy ultimatum.

Zimbabwe lays down platinum levy ultimatum

0
Platinum group metal producers in Zimbabwe have until February 10 to agree "a concrete plan" for a refinery or face a 15% levy on unbeneficiated exports.

Implats seeking clarity on 15% Zimbabwe levy

0
Impala Platinum said it was unsure whether Zimbabwe intended imposing a 15% levy on unbeneficiated ore, a development that could hurt its 50% Mimosa stake.

Lonmin slashes capex 26%, borrowings rise

0
The UK firm said its borrowings would increase owing to smelter downtime, but added it would honour its debt covenants despite tough market conditions.

Amplats future shinier after 2014 earnings pain

0
Anglo American Platinum is to report a hefty headline earnings decline, but analysts said 2015 looked like being a more positive year for the Anglo vassal.

Northam suspends Zondereinde amid ‘tension’

0
Northam Platinum has suspended operations at Zondereinde amid mine tension, although CEO, Paul Dunne, says a quick resolution is still possible.

PTM to seek Waterberg investors

0
Canada's Platinum Group Metals said it would talk to its partners and third parties regarding investment in its Waterberg extension project.

Northam wins interdict against NUM strike

0
Northam Platinum urged workers on an unprotected strike at its Zondereinde mine to return to work in a turn of events that is full of ominous portent.