Home News PGMs Page 175


Lonmin shuts main furnace for month

Lonmin shuts its perenially problematic key furnace for a month but offsets production losses by starting up three smaller furnaces.

Angloplat rights offer fully subscribed

Anglo Platinum, the world's largest platinum producer, says 99.5% of its rights offer shares had been subscribed for under its R12.5bn rights offer.

Angloplat sees a more “moderate” dividend policy

Anglo Platinum is learning from the past, so when it resumes dividend payments it will adopt a more 'moderate' policy, says its financial director.

Temasek invests $100m in Platmin

UPDATED - Singapore's Temasek invests $100m in Platmin, marking what promises to be the first of a number of investments in South Africa. Platmin is to raise a further $250m in a rights issue.

Angloplat has ‘more balanced cap structure’

Resources giant Anglo American says Anglo Platinum, the world's largest platinum producer, has a more balanced capital structure following its R12.5bn rights issue.

Jubilee Platinum H1 loss expected to narrow

Jubilee Platinum expects its loss per share and headline loss per share for the six months to end December 2009 to be between 70% and 73% lower compared to the previously reported corresponding period.

Village progressing in acquisition of Lesego

Village Main Reef Gold Mining has concluded binding agreements with additional shareholders in Lesego Platinum that together own 76.6% of the project's inferred resource for a total purchase consideration of R506.8m.

Smokey Hills underground ops restarted

Platinum Australia, the Australian exploration firm developing platinum projects in South Africa, says that underground mining operations have recommenced at the Smokey Hills Mine.

Phiri to head new platinum firm

Merafe Resources CEO Steve Phiri will step down at the end of March to become CEO of Royal Bafokeng Holdings' (RBH) new platinum company.

Platinum Aus. to resume mining next week

Platinum Australia says this week's strike should be over by Monday as a contractor grapples with its workers. The platinum junior's shares have taken a smack.