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Debt is Anooraq’s Achilles heel

Anooraq Resources' Achilles heel is the company's very high level of debt which management must reduce as an urgent priority according to a research report released by JP Morgan Cazenove.

Zimbabwe platinum poised for lift-off

Zimbabwe’s emerging platinum sector appears to be on the verge of a boom as Implats goes for the $500m second phase expansion at Ngezi and other potential mines wait in the wings.

Ex-Nkwe CEO dies in Congo plane crash

Craig Oliver, well remembered in SA mining circles from his time as Nkwe Platinum CEO, has been killed in a plane crash in the Republic of Congo.

Northam hikes Booysendal capex

Northam Platinum has increased its capital expenditure estimates for its flagship Booysendal project to R3.6bn.

Bakubung used funds for microlender

About half of the R700m raised as the Bakubung nation's Wesizwe Platinum shares was invested in microlender Mafori Capital, it has been confirmed.

Eastplats considers expansion options

Eastern Platinum is looking again at how it could develop the various expansion projects it controls on the Eastern Limb of the platinum-bearing Bushveld Complex.

Eastplats can increase production

Eastern Platinum, South Africa's sixth-largest platinum group metals producer, says the company has the potential to increase its production to 600 000 ounces per annum.

Jubilee advances platinum plant plans

Jubilee Platinum is moving rapidly to build a commercial plant to treat chrome-rich platinum concentrate, an important development in the South African platinum sector.

Nkwe sets JSE date, awaits Xstrata decision

Nkwe optimises a bankable study into a R6.5bn-R8.3bn platinum project ahead of a listing on the JSE and Hong Kong. Xstrata must decide if it wants to earn into the project and shoulder the costs.

Implats output unaffected by work stoppage

Impala Platinum says its production remains unaffected by a work stoppage at its 12 Shaft operation in Rustenburg.