Lonmin’s shares have lost ground following a downward revision of the company’s production target, coupled with an upward adjustment of unit costs.
Wesizwe Platinum says the official launch date for its Frischgewaagd-Ledig mine development project will be July 4, with TWP appointed as contractor.
Aquarius Platinum is to put its Blue Ridge mine on care and maintenance because of low rand platinum prices and will instead focus on development of Booysendal South.
Platinum Australia appears between a rock and a hard place given the labour unrest at Smokey Hills, which must perform at its best over the next two quarters to avoid a financial crunch.
UPDATED: An employee of a mining contractor at Platinum Australia’s Smokey Hills has been killed in the wake of ongoing labour unrest at the mine.
Impala Platinum is to retrench staff at Marula after putting proposed expansions on hold for at least two years because of persistent underperformance.
Platinum Australia has produced a favourable prefeasibility study for its Rooderand project, but the junior has to prove its Smokey Hills mine is a success to be able to fund Rooderand.
Production at Lonmin’s Karee shaft could still be disrupted for several weeks as the company starts to dismiss 9,000 workers involved in an unprotected strike.
About 9,000 workers at Lonmin's Marikana operations in Rustenburg are to be served letters of dismissal, according to Lonmin CEO Ian Farmer.
Eastern Platinum says operations have resumed at its Crocodile River mine, following labour unrest.