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Former employees invade Kroondal, three dead

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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

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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

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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.

Atlatsa’s Bokoni will not be shut amid review

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Atlatsa Resources said its R5bn recapitalisation programme with Amplats would not be complete in July as forecast, but added there were no plans to close its Bokoni mines amid Amplats’ restructuring review.

Nicolau felt Amplats had already cut back

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Speaking to Miningmx before his resignation, former Amplats CEO, Neville Nicolau, said he didn’t see the point in cutting ounces only for the benefit of the rest of the industry.

Lonmin hauls in capex, output growth

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Lonmin cut production growth and said it might refinance its balance sheet amid pricing conditions which, it said, may persist longer than anticipated.

Ominous for Aquarius as axe is sharpened

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Troubles mount for Aquarius Platinum amid a cash negative performance from its Kroondal mine; an operation it shares with Amplats.

Amplats, the first of torrid reporting season

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Amplats is the first of several South African platinum miners that will post torrid results, resulting from an oversupply of the metal which is depressing its dollar price.

Amplats slashes capex, lowers 2012 output

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In an effort to preserve its balance sheet in these difficult times, Amplats has slashed capex R700m amid signs its group review is intensifying.

SA’s latest platinum hopeful, Sable, lists on JSE

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Sable Platinum said it intends to list on the JSE on September 17 in a reverse takeover of cash shell, New Corpcapital.