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Amplats ices projects in R6bn cost saving drive

Anglo American Platinum unveiled a second wave of cost saving in which it would cut capital R600m and delay projects while keeping to output targets.

Platinum plunged into surplus as inventories weigh

Platinum swung into a 430,000 oz surplus in 2011 and was unlikely to recover in 2012 as falling output from South Africa was easily offset by the release of the metal from inventories.

Northam set fair for “promising” advance on Booysendal South

NORTHAM Platinum, which is investing R3.5bn in the current financial year as part of its aggressive expansion strategy, said progress on its new Booysendal...

Implats CFO resigns

Impala Platinum has announced the resignation of Dawn Earp as chief financial officer of the group and as an executive rirector of the board with immediate effect.

Amplats’ Griffith “not confident” of saving jobs

Anglo American Platinum CEO, Chris Griffith, delivered sobering news to the minerals portfolio committee saying the likelihood was high Amplats jobs would be lost.

Lonmin shares rocket as lenders grant 12-month covenant waiver

SHARES in Lonmin leapt 18% on the Johannesburg Stock Exchange after the platinum mining firm announced today its lenders had given it more leash...

Tharisa to pay R303m for MCC mining fleet purchase

PLATINUM group metal (PGM) and chrome producer, Tharisa, confirmed plans to convert to owner-operatorship of its Tharisa mine near Rustenburg at a cost of...

NUM urges Northam to make ‘good offer’

The NUM called on Northam Platinum to return to the negotiating table with a good offer in order to resolve the four week standoff at the platinum producer's Zondereinde mine.

Lonmin shootings strike ominous chord

It has been a bad day for South Africa with two Lonmin employees shot, 1,000 employees fired in the chrome sector, and 550 set to lose jobs at a colliery.

Implats solves administrative headache with R8bn IRS ‘sale’

IMPALA Platinum (Implats) today provided details of some administrative footwork in which it has sold its downstream processing facilities - Impala Refining Services (IRS)...