Amplats eases losses, signs with NUM, UASA
Amplats said it would report improved full-year results, and that it had signed a new wage agreement with the NUM and UASA.
PTM in $164m issue as waits on debt
Platinum Group Metals said it had raised C$175m in a share issue in the wake of its 26% investor pulling out of the proposed Western Bushveld Joint Venture.
Northam tipped to attract claw-back buyers
Despite its strike troubles Northam Platinum is expected to attract buyers to its R600m claw-back offer although the stake eventually held by Coronation will be interesting.
Northam losses top R360m, sets talks date
Northam Platinum will meet with the National Union of Mineworkers on December 5 in new talks to be convened by the CCMA.
Cash-strapped Sable Pt rings in the changes
Sable Platinum has enough cash until January although a recovery from SARS and a share issue could keep the company alive while it beds down Selebi Phikwe.
Lonmin through worst, but capital calls loom
Ben Magara, CEO of Lonmin, has steered the company well in these early stages, but important decisions loom on capital projects while strikes remain a risk.
PTM, Africa Wide in BEE dilution dispute
Platinum Group Metals said it was in arbitration over the extent of dilution of its BEE partner, Africa Wide, and that it was still to secure $195m in loan finance.
NUM scorns Northam’s ‘expensive public posture’
Tensions between the NUM and Northam have worsened after the union gave scant regard to an open letter spelling out the effects of a strike at Zondereinde.
Northam takes impasse public in open letter
Northam Platinum has published a notice in City Press calling on the National Union of Mineworkers to help it save the company amid a three-week strike over wages.
Northam will withstand prolonged NUM strike
Revenue losses from the strike at Northam's Zondereinde mine now were at R200m, but the firm was robust enough to withstand a prolonged strike.