Sibanye-Stillwater to retrench 852 at PGM mines in SA
SIBANYE-Stillwater is to retrench 852 full time employees and contractors at its South African platinum group metals (PGM) mines, it announced on Friday.
This follows...
Frustration as platinum locked in discounted price pattern to gold
THE downbeat sentiment towards platinum that has kept it trading at a correlated discount to gold was "frustrating", but increasingly influential investors would begin...
Pressure on PGM output this winter as Eskom warns of unprecedented...
SOUTH Africa could be plunged into stage 8 loadshedding during winter, according BusinessLive citing a presentation by the government-owned power utility Eskom today.
"The system...
Implats unveils R2.6bn option for PTM’s massive Waterberg project
IMPALA Platinum (Implats) has made good on a promise in September that it would diversify its risk from its problematic Rustenburg operations by buying...
Lonmin extends jobs cuts, slashes output 100koz
Lonmin gave its frankest admission yet the future of the business was at stake without restructuring - a development that spooked investors who fled the stock.
Amplats tightlipped on Zimbabwe
Amplats CEO Neville Nicolau has allocated a high priority to production growth from the Unki mine in Zimbabwe, but he's tightlipped over the latest indigenisation developments.
Sun setting over large platinum mines of western Bushveld as project...
THE sun may be setting on the large platinum group metal (PGM) mines of the western Bushveld, an area where the sector has its...
Streaming companies interested in PGM deal from Ivanhoe Mines’ Platreef project
IVANHOE Mines, the company run by world-renowned mining entrepreneur, Robert Friedland, was in discussions with various companies wanting to negotiate streaming deals from the...
Shanduka swears committment to Incwala
Shanduka said it remained committed to its investment in Incwala Resources through which it has a 9% investment in debt-laden platinum miner, Lomin
Sibanye-Stillwater’s Neal Froneman says platinum could surge through $2,000/oz
THE platinum price could gain as much as 80% over the next four to five years, said Bloomberg News citing Neal Froneman, CEO of...