Platinum

PRODUCTION at Northam Platinum's Zondereinde mine has been suspended after "sporadic incidents of intimidation and violence" had spread to the mine following a killing...

James Allan and Rene Hochreiter are to list their platinum interests through a reverse takeover of the New Corpcapital cash shell, despite grim times in the platinum sector.

Jubilee Platinum expects its loss per share and headline loss per share for the six months to end December 2009 to be between 70% and 73% lower compared to the previously reported corresponding period.

The NUM could send its members on strike following a Labour Court decision today dismissing the union's attempts at halting the restructuring at Amplats.

Cosatu general secretary Zwelinzima Vavi has urged striking mineworkers at Impala Platinum's Rustenburg mines to return to work, according to a report by Sapa.

Impala Platinum Holdings and the National Union of Mineworkers have reached an agreement regarding an illegal strike at Rustenburg mine, says the union.

Anglo American Platinum will go where others are fearing to tread should it carry out its threat of dismissing workers who continue to disregard a return-to-work ultimatum.

Shares in Eastplats slumped 7% on the JSE as it posted a horror decline in year-on-year profits, suffered a $46.5m write-down, and said projects might be rescoped permanently unless third-party funding was acquired.

Eastern Platinum has suspended the development of its Crocodile River Mine, citing a host of factors.

Royal Bafokeng Platinum has approved an expansion project for the group's North Shaft Merensky Phase III project at the Bafokeng Rasimone Platinum Mine.