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Implats unveils sweeping 5-year restructure

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Impala Platinum has unveiled a four-year restructuring of its Rustenburg mine in which it would merge shafts, slow development of another, and halve capex.

Lonmin to lose turnaround expert Viljoen

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Lonmin suffers a blow as its COO Johan Viljoen resigns less than a year after taking up the challenge of the group's operational turnaround.

Northam finds 500koz/year in growth

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Northam is out of the running for Amplats' Rustenburg mines but it has organic, low-cost growth approaching 500,000 ounces.

AMCU to get foothold at Northam mine

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Northam pin-points labour relations as complex and an operating risk just as AMCU wins recognition rights at the firm's key Zondereinde mine.

Jury out on platinum market surge in 2015

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The theory is that the platinum market will recover during the course of this year - a view which has its followers and detractors.

Glencore divests of Lonmin, cuts $1bn in capex

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Glencore is to unbundle its 23.9% stake in Lonmin to shareholders but said the distribution was not a dividend replacement.

Implats stands ground despite Zim levy threat

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Impala Platinum sent a letter to Zimbabwe's mines ministry in which it insisted a platinum refinery would take 18 months to build despite a 15% levy ultimatum.

Zimbabwe lays down platinum levy ultimatum

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Platinum group metal producers in Zimbabwe have until February 10 to agree "a concrete plan" for a refinery or face a 15% levy on unbeneficiated exports.

Implats seeking clarity on 15% Zimbabwe levy

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Impala Platinum said it was unsure whether Zimbabwe intended imposing a 15% levy on unbeneficiated ore, a development that could hurt its 50% Mimosa stake.

Lonmin slashes capex 26%, borrowings rise

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The UK firm said its borrowings would increase owing to smelter downtime, but added it would honour its debt covenants despite tough market conditions.