Six die in Lonmin violence
UPDATED: Four Lonmin employees and two police officers have been killed in
various incidents of suspected inter-union conflict at the company’s Western
Platinum operations.
Northam has “legal imperative’ to Mvela Holdings
Mvelaphanda Holdings will receive "free’ A shares from Northam despite having sold
down its stock in the company because it has a "legal imperative’ to do so.
Implats HEPS down by as much as 41%
Impala Platinum says its headline earnings for the past financial year may be down
by as much as 41%.
Aquarius: Kroondal is safe, for now
Aquarius Platinum’s Kroondal mine can withstand a further fall in PGM prices and is
unlikely to be placed under care and maintenance, says CEO Stuart Murray.
Woeful financials spark Aquarius sell-off
Aquarius Platinum’s financials all but confirmed the bleak situation CEO Stuart
Murray previously warned the company was facing, yet still achieved to rip another
10% from the group’s share price.
Xstrata takes $500m hit on Lonmin stake
Xstrata has taken an impairment charge of $514m against its 24.6% stake in
platinum producer Lonmin; an asset it is likely to dispose of should it merge
with Glencore International.
Alarm as Northam forced to rehash BEE deal
Northam Platinum said its empowerment partners had sold up to 10% of their
26% stake to meet bank covenants. However, the same BEE partners will
benefit from the new deal sparking outrage.
Former employees invade Kroondal, three dead
Mine violence broke out at Kroondal’s Kwezi shaft, a part of its Kroondal mine,
which is the only operation to survive brutal cutbacks amid a supply surplus.
Sable Pt backers say market will turn
It may seem folly to list a platinum exploration play while producers are closing
up shop, but mining’s a long-term game, say the people behind Sable Platinum.
Amplats’ Griffith has little margin for error
Anglo American Platinum’s Chris Griffith has inherited a rather unenviable
position in SA’s mining industry. However, he does seem to be extraordinarily
blessed with good fortune.