Lonmin rebut reveals R36.5bn money pit
Lonmin's claim it had to raise R17bn and could not have hid the profits claimed by the AIDC is part of the story of shareholders providing R36bn to buoy the sector.
Aquarius Pt $37m deal foiled by SA Govt.
Aquarius Platinum's plans to grow the business has been frustrated by the South African government, the sluggishness of which foiled a $37m asset sale.
BEE flaws sank Aquarius Pt, China deal
The proposed sale of Blue Ridge and Sheba's Ridge to a Chinese consortium could not be approved by the South African government owing to BEE shortcomings.
Wesizwe has BEE plan if Govt. wants increase
Wesizwe Platinum said it had an empowerment plan if required by government to lift its BEE holding to beyond the current 13%.
Amplats’ Moosa ‘ashamed’ of AMCU strike
Valli Moosa, chairman of Anglo American Platinum, delivered a frank opinion of the platinum sector strike and said the industry had to be entirely modernised.
Amplats to study bids for Union this month
Anglo American Platinum said it would evaluate bids for Union this month and added that ramp-up in output following AMCU's strike was virtually complete.
Question mark hangs over Lonmin future
Johannesburg's platinum stocks have all been battered in the last 45 days, but it's the full extent of metal price weakness on Lonmin that is the most engaging.
Amplats plans R2.5bn output lift at Mogalakwena
Anglo American Platinum said it would spend up to R2.5bn taking its Mogalakwena mine and refining facilities to 420,000 oz/year of platinum.
Lonmin transfer pricing claims “misleading”
UK platinum producer, Lonmin, said an article alleging it sold metal to a Bermuda registered company to avoid meeting worker salaries is "misleading".
Pallinghurst conjures R722m for Sedibelo
Pallinghurst Resources said the funds would be used to take platinum group metal production for Sedibelo to 400,000 ounces in about 18 months.