Home News Platinum Page 139

Platinum

AngloPlat sees significant profit jump

Anglo Platinum says its full-year profit has probably risen as much as seven-fold, helped by higher metal prices.

Cashed up PGM producers in good fettle ahead of wage negotiation...

A COMBINATION of metal inventories and cash generated off improved rand-denominated platinum group metal (PGM) prices would help South Africa's PGM producers survive potential...

Implats chases peace in 4.8% wage hike

On a poor day for South Africa Inc. - with Amplats to dismiss 23,000 employees and a Moody’s downgrade - Implats said that it would grow its wage bill 4.8% in an effort to restore peace.

Amplats unlikely to sell Bokoni before 2018 – Griffith

ANGLO American Platinum (Amplats) did not anticipate closing all its non-core asset sales until the 2018 financial year when it hoped to divest of...

Amplats, Kumba keep 2019 output numbers unchanged despite Q1 whiffles

PRODUCTION decreases at Anglo American Platinum (Amplats) and Kumba Iron Ore in South Africa were among the main features of Anglo American's first quarter...

Lonmin hauls in capex, output growth

Lonmin cut production growth and said it might refinance its balance sheet amid pricing conditions which, it said, may persist longer than anticipated.

Zimplats to transfer shares “at appropriate value’

Impala Platinum’s proposal to cede a majority shareholding in Zimplats under Zimbabwe’s indigenisation laws has been accepted by that country’s government.

Strike deal held up on surprise AMCU response

The Association of Mineworkers & Construction Union is pushing for wage concessions that extend beyond the mandate of the platinum companies.

RBPlat bites lip as speculation grows it is being punished by...

THERE is speculation of significant distress at the platinum facilities of Royal Bafokeng Platinum (RBPlat), a black-owned mining company, that has tempted it to take...

Power cuts loom once more

The latest research report by RBC Capital Markets analyst Leon Esterhuizen paints a gloomy picture of renewed power cuts looming for the South African mining industry as of next year.