Platinum

The weaker rand provided some respite to Anglo American Platinum which said interim share earnings would be nearly double those of the same period in 2012.

Platmin, which delisted at the end of last year, has finalised the consolidation of its Pilanesberg mine with two neighbouring properties.

The South African government has said Lonmin may have to account for minerals sold from land over which empowerment firm, Keysha, now has a prospecting right.

Anglo American Platinum was losing 3,100 ounces of platinum production daily owing to a strike at its Rustenburg and North Pilansberg operations, it said.

The National Union of Mineworkers says it could sign a new wage deal with Impala Platinum as early as Saturday after ironing out some issues over pension and housing allowances.

Including debt, Northam Platinum could marshall R7bn in firepower as it seeks to grow Booysendal and possibly buy-in additional production.

UPDATED: Anglo American has stopped work at all its Rustenburg operations, citing threats of violence against its employees.

Profit margins on South African platinum mines dropped to 8.5% in 2016 from 9% in 2015 remaining at levels too low to be sustainable...

The Association of Mineworkers & Construction Union is pushing for wage concessions that extend beyond the mandate of the platinum companies.

NORTHAM Platinum will consider the purchase of preference shares held in its empowerment partner Zambezi Platinum as a means of returning value to shareholders...