Pressure to stay on platinum, says Johnson Matthey
The platinum market will stay in surplus during 2011 and 2012, despite modest supply growth from South Africa, according to the latest research from Johnson Matthey.
Northam gets R1bn credit facility
Northam has entered into a R1bn five-year revolving credit facility agreement with Nedbank.
Northam raises R1bn loan for Booysendal
Northam Platinum has made sure it can fund the construction of its new Booysendal mine to completion by negotiating a R1bn credit facility with Nedbank.
Lonmin hits sales target, boosts earnings
Lonmin says earnings have risen 59%, despite a strike at its Karee operations that forced it to cut output targets and drove up unit costs.
Lonmin thinking twice about growth plans
Lonmin says its growth investment strategy is not set in stone, saying it will rethink its target of a 950,000oz production profile if market conditions deteriorate.
Impala weighs Leeuwkop decision
Impala Platinum is still deciding on whether or not it will press ahead with the R10bn Afplats Leeuwkop project near Brits in the North West province.
Amplats in R3.5bn community plan
Anglo American Platinum says it will implement a R3.5bn deal that will give 2.33% of the group to communities where it operates.
Amplats stops production to highlight safety
Amplats is to halt production at all of its operations to highlight the importance of safety and to remember colleagues who have lost their lives.
Zimplats Q1 output down
Zimplats says metal production has fallen 13% during the September-quarter, but the company is on track to submit a revised local ownership plan in November.
Aquarius Platinum swings to quarterly net loss
Aquarius Platinum has swung to a quarterly net loss due to adverse foreign exchange moves and lower precious metal production as a result of operational problems.