Northam bets platinum can only get better
Northam Platinum's empowerment deal is bold and could presage exciting times for shareholders. But it's worth remarking it's not the risk-free. Far from it.
Lonmin stays axe, seeks to grow out of crisis
Lonmin aimed to sell more platinum in 2015 than in its previous two financial years as its 'restructuring' consisting of harvesting old mines and improving newer ones.
Lazarus Zim, a man resurrected
Two years ago, Lazarus Zim went to ground following the collapse of his Afripalm Resources. Today, he's back atop Northam Platinum's latest BEE incarnation.
Ivanhoe wins Platreef permit, halts job cuts
Ivanhoe Mines would not proceed with the retrenchment of employees at the Platreef project after the South African government awarded it a mining right.
PTM ditches debt for C$150m in notes
The Canadian firm will finance the balance of its Western Bushveld Joint Venture with a $150m note issuance - its second foray into equity markets in a year.
Implats to unveil review in February
Impala Platinum would provide details of a strategic review of its operations in February and said full-year production targets were unaffected by stoppages.
Aquarius to seek new suitors for Blue Ridge
The platinum producer also said that it was in discussions to extract value for infrastructure owned by its mothballed Everest mine.
Northam may have Aquarius, Union in sights
Northam Platinum may be lining up bids for Aquarius Platinum, or some of its assets, or the Union section to be sold by Anglo American Platinum, analysts said.
Northam raises R4bn for growth in BEE deal
Northam Platinum will issue new shares to complete a R6.6bn empowerment deal which also gives it R4bn in firepower as it seeks to double output in six years.
Northam could build R7bn warchest
Including debt, Northam Platinum could marshall R7bn in firepower as it seeks to grow Booysendal and possibly buy-in additional production.