Home News Platinum Page 136

Platinum

Northam, Jubilee to explore furnace plan

Northam Platinum and Jubilee Platinum have agreed to explore development of a 'ConRoast' facility in the first step to developing another source of furnace capacity in South Africa's platinum industry.

Nkwe still in talks over JV

Nkwe Platinum says it is still finalising its joint venture and mine development negotiations.

Northern Limb the future of SA’s PGM sector, but first …...

THE future of South Africa's platinum group metal (PGM) sector was solidly positioned in the northern limb of the country's Bushveld Complex, according to...

Gulf in SA productivity rules out wage hikes

Data shows that South African mining is hugely unproductive compared to Australia and demonstrates why AMCU's wage demands are unaffordable.

Impala nibbles away at RBPlat

Royal Bafokeng Platinum has struck a deal through which Impala Platinum will mine part of its ground on a royalty basis, but CEO Steve Phiri remains tight-lipped on future corporate activity.

Platmin halts work at Pilanesberg

Platmin has suspended mining operations at its Pilanesberg platinum mine, says the group.

Amplats delivers $160m half-year net profit boost to Anglo American

ANGLO American Platinum (Amplats) delivered good news for its 79% shareholder Anglo American saying half-year headline earnings would come in between R3.28bn and R3.41bn...

Alarm as Northam forced to rehash BEE deal

Northam Platinum said its empowerment partners had sold up to 10% of their 26% stake to meet bank covenants. However, the same BEE partners will benefit from the new deal sparking outrage.

New capex figure for Wesizwe’s Bakubung mine

Wesizwe Platinum has revised the capital budget estimate for the development of the Bakubung platinum mine to R7.9bn; an increase of R1.4bn on earlier estimates.

Platinum stockpile ‘halts’ price gains

A stockpile of 4.5m oz of platinum has accumulated in the global market in the past four years and will dampen any liveliness in the price of the metal, says GFMS.