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Anooraq, Amplats unveil rearranged deal

Anglo American Platinum has made public the long-awaited restructuring of its investment in empowerment partner, Anooraq Resources, in a radical R5bn plan.

Northam Platinum reckons the metal will boom again

South Africa’s mines will produce perhaps 4 million ounces (moz) of platinum in total this year compared with a peak output of 5.5m oz...

Platinum offer ‘won’t break strike’

A REVISED offer tabled by the world’s three biggest platinum producers, aiming to end a three-month strike, will be insufficient to get negotiators to a settlement before the elections on May 7, said Investec Asset Management.

Northam claims lowest cost position in SA platinum sector

Northam Platinum shares rose more than 4% to around R45.75 in trading on the JSE today after the release of annual results showing a...

Desperate PLA lets go of Smokey Hills contractor

Platinum Australia is hoping for a fresh start after a share price plunge of around 90% in 2011, announcing it will from now on conduct its own operations at the Smokey Hills mine.

Lonmin to fire 9,000 striking workers

About 9,000 workers at Lonmin's Marikana operations in Rustenburg are to be served letters of dismissal, according to Lonmin CEO Ian Farmer.

Two workers die at Modikwa, says NUM

Two miners have died at Modikwa Platinum after a cave-in, bringing the number of workers killed at mines this year to more than ten, says the National Union of Mineworkers.

Pouroulis & Son plan next move as Zimbabwe opens doors again

Platinum group metal (PGM) and chrome miner, Tharisa, is taking a low-risk approach to a high-risk country with the investments into Zimbabwe, it has...

Wesizwe plays waiting game in BEE muddle

Wesizwe Platinum hasn't yet become embroiled in the once-empowered, always-empowered debate as its BEE partners are still technically 'empowered'.

Aquarius takes gap in $225m bond repurchase

The platinum firm said improved operational performance was an opportunity to buy back up to $225m in bonds and give it flexibility to assess new projects.