Impala to raise R4bn in book-build
Impala Platinum said it would raise R4bn in an equity raising in order to shore up the balance sheet following a year in which cash fell 39.5% to R2.6bn.
Ominous for Aquarius as axe is sharpened
Troubles mount for Aquarius Platinum amid a cash negative performance from
its Kroondal mine; an operation it shares with Amplats.
Kazakh firm hopes to jump-start Zim mine
Kazakh mining group ENRC is keen to add platinum to its production portfolio, working to overcome hurdles for its Zimbabwe project.
Eastplats completes equity finance deal
Eastern Platinum has finalised an equity financing process of R2.3bn, issuing 224 million new shares.
Lonmin to raise workers’ pay by up to 10%
Lonmin says employees will receive pay rises and benefit improvements of up to 10%, depending on job grades, as part of a two-year wage agreement with NUM.
Tharisa needs more of the same after record Q1 chrome output
THARISA started its 2024 financial year on a good production footing producing record amounts of chrome, a metal used in steelmaking.
The company said in...
Sibanye-Stillwater looking for gold mines outside SA, but deals hard to...
SIBANYE-Stillwater was looking to buy gold mines outside South Africa, said Reuters citing the precious metal firm's CEO, Neal Froneman.
"We really do like gold,"...
Sibanye-Stillwater issues “dire” outlook for SA precious metals if power curtailments...
SIBANYE-Stillwater warned continued power curtailments in South Africa at the current rate will have "dire" consequences for the country in which marginal shafts will...
Impala defends tardy expansion, risks
Impala Platinum said plans to bring shafts online at its lease area could be "cast in concrete" and that risks associated with Zimbabwe could be managed.
Northam finds 500koz/year in growth
Northam is out of the running for Amplats' Rustenburg mines but it has organic, low-cost growth approaching 500,000 ounces.