Pallinghurst to keep platinum ‘newco’ private
Now was not the time to re-list the platinum assets of Pallinghurst Resources, said the company's CEO, Arne Frandsen.
Debutant Sable Pt to seek $30m in funds
Sable Platinum, reverse-listed into New Corpcapital on the JSE, is to seek $30m to help fund its five platinum and vanadium projects in South Africa's western Bushveld.
Lonmin wins support for $800m rights offer
Betraying no hint of the conflict between his board and shareholder Xstrata, Lonmin's chairman says he looks forward to a dialogue now that the capital raiser will progress.
Atlatsa weighs refinance and mine changes
Amid the 'forgotten strike' at its Bokoni mine, Atlatsa Resources says it is considering how its mine will look in the future as its corporate debt grows.
Unki deal raises question over Zimplats future
Will the finalisation of Unki's indigenisation deal with the Zimbabwean government serve as the model for the larger Zimplats asset in which Impala Platinum is invested?
Xstrata delivers ultimatum on executive ouster
Xstrata pledged its support for Lonmin's $800m rights issue, but then inferred Lonmin could face a management ouster if it didn't change its executive team.
Amplats breaks 8-week strike with new offer
Anglo American Platinum ended a miserable flow of bad news late Wednesday saying workers were likely to accept a freshly revised pay offer.
Intimidation rife as Amplats extends wage offer
Intimidation by people not employed by Anglo American Platinum was a major cause for the continuance of the strike at the platinum firm's operations, now into its eighth week.
SA platinum slide takes market into deficit
South African platinum production would be 300,000 ounces lower in 2012, said Johnson Matthey helping the market swing into a remarkable 400,000 oz deficit.
Lonmin urges support for $800m rights offer
Lonmin said its future was in jeopardy unless shareholders supported its refinancing, due for a shareholder vote on November 19. Crucially, it kept the door open to Xstrata.