Implats finally bows to Zim indigenisation laws
After more than a decade of controversy, it seems that Impala Platinum has finally bowed to Zimbabwe's indigenisation laws.
Implats deal provides certainty: Goodlace
Impala Platinum CEO, Terence Goodlace, said the sale of 51% of the firm's Zimplats stake ended years of uncertainty.
Zimbabwe may reduce mining fees
Zimbabwe said it would halve mining fees after companies, including Impala Platinum, said they were hindering development.
Lonmin pumps rights issue into $700m debt
LONMIN has used the bulk of its $817m rights issue raised earlier this month to repay its $700m bank debt.
Aquarius, Implats agree $550m Mimosa sale
Aquarius Platinum and Impala Platinum have sold just over half of their shares in Mimosa Platinum in line with Zimbabwe's indigenisation law.
Sylvania boss sacrifices 33% of salary
Sylvania Platinum executives took pain for the team announcing they would forgoe up to a third of their salaries for the remainder of the financial year, ended-June.
PTM adds lustre to bruised SA platinum
Platinum Group Metals said it would sell shares for $182m ahead of drawing down $260m in finance - enough to fully fund its 275,000 oz WBJV Project One.
Implats rejects Zim delay tactics, amends deal
Implats says leaked papers are "an internal discussion" on indigenisation and that it has amended its proposal to vendor-finance the sale of Zimplats.
Wesizwe Pt says capital escalation possible
Jianke Gao, CEO of Wesizwe Platinum, says his company can't discount further calls on capital but that shareholder, Jinchuan, remained supportive.
Pallinghurst clears way for R3.24bn IDC stake
The consolidation of platinum properties into Sedibelo Platinum Mines clears the way for the IDC's R3.24bn investment, said Palllinghurst Resources.