Lonmin lifts output target to over 700k oz
Lonmin provided further evidence it was in recovery mode producing strong operating results, but it said wage talks remained challenging.
Unions absent from Amplats’ jobs revision
Anglo American Platinum (Amplats) said it would retrench up to 8,000 less jobs than first proposed, but the consultation process did not have union participation.
Amplats may revisit restructuring plan
Anglo American Platinum may revisit its restructuring plans with potential job losses
as low as 5,000 compared to an earlier plan that would have seen 14,000
retrenchments.
SA platinum output unlikely to rebound
Platinum production would be constrained by labour strife, said Thomson Reuters
GFMS which added that a failure to restructure would hurt the platinum price.
Aquarius’ R1.25bn Booysendal deal on the brink
It's been two years since Northam Platinum agreed to sell Aquarius Platinum 31
million ounces contained in Booysendal South in which time DMR approval has been
pending.
Nkwe Platinum lines up Zijn Mining takeover
Zijn Mining tries its luck in South Africa's platinum sector once again offering to buy
up to 29% of Nkwe Platinum and possibly take out shares owned by Genorah.
Draft released for indigenisation step change
Zimbabwe's government has confirmed it is developing amendments to its
indigenisation policy so that foreign miners will no longer be compensated for
ceding majority shares to locals.
Northam working again
Northam Platinum has recommenced mining operations after reaching an
agreement to resolve an unprotected strike which has cost the miner R192m in
revenue.
Eastplats halts CRM funding
Eastern Platinum has suspended the development of its Crocodile River Mine,
citing a host of factors.
Amplats figures highlight need for rightsizing
Based on Anglo American Platinum's first quarter production figures, the importance of finding a way forward with the restructuring of the company cannot be overstated.