Amplats unveils plan to cut 400koz, 14,000 jobs
Anglo American Platinum has unveiled its restructuring plan which perhaps goes further than some analysts expected yet may rile unions as the jobs cuts are deep.
Zimbabwe to lower royalties in Implats deal
In addition to acknowledging Impala Platinum's 'release of ground' deal, the Zimbabwean government will also lower royalties.
Amplats slides into loss, output to be 2.1m oz
Anglo American Platinum will report heavy losses amid write-downs of uneconomic projects and production decline that is likely to see 2.1m oz in refined output.
Amplats to cull Union mine, says report
Anglo American Platinum was likely to target Union mine, the 254,000 ounce a year operation when it unveiled its restructuring plans, speculated to be on January 15.
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.