Northam to take R300m hit from smelter run-out
Northam Platinum has warned investors the smelter run-out at its Zondereinde mine may affect income by some R300m in the current financial year.
Cautious Lonmin sticks to growth plans
Prevailing price volatility in the platinum market and an overhang in supply will not sway PGM producer Lonmin to abandon its $2bn five-year growth program, for now.
Anooraq/Atlatsa: new name, same problems
Anooraq Resources has officially changed its name to Atlatsa Resources Corporation, but the challenges facing the stricken PGM producer remain as real as ever.
Fuel cell players eye cellphone firms
Cellphone companies are the likeliest large scale entry points for a South African platinum fuel cell industry, for which Anglo American Platinum is paving the way.
Platinum plunged into surplus as inventories weigh
Platinum swung into a 430,000 oz surplus in 2011 and was unlikely to recover in
2012 as falling output from South Africa was easily offset by the release of the
metal from inventories.
Interruption to smelting at Northam’s Zondereinde
Northam Platinum says its smelting operations at the Zondereinde mine have been suspended.
Amplats to test first fuel cell locomotive
Anglo American Platinum has showcased a fuel cell driven locomotive prototype, saying the move forms part of the company’s efforts to facilitate the development of new PGM applications.
Implats in Canadian exploration deal
Canadian junior Northern Shield Resources and Impala Platinum (Implats) have signed an option and joint venture agreement for a northern Quebec-based project.
Platinum stockpile ‘halts’ price gains
A stockpile of 4.5m oz of platinum has accumulated in the global market in the past four years and will dampen any liveliness in the price of the metal, says GFMS.
Investors to buoy platinum price in 2012
Investment demand for precious metals in general would help support the
platinum price, although the Eurocrisis remained a downside risk to the metal’s
important industrial demand.