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Implats retirees to boost ops

Impala Platinum has put two former executive stalwarts - ex-CEO John Smithies and former head of Rustenburg operations Paul Visser - back in harness as it strives to improve its Rustenburg operations.

Wesizwe hunts partner, clears Solomon

Wesizwe hunts for a partner to develop its platinum project after its CEO Mike Solomon is cleared of any financial impropriety, clearing the air after a heated boardroom battle last year.

Eastplats loss narrows

EASTERN Platinum (Eastplats) on Wednesday reported a full year net profit attributable to equity shareholders of $5.7m compared to a net loss of $209.4m previously.

Jubilee Platinum H1 loss narrows

Mining exploration and development company Jubilee Platinum, has reported the narrowing of its first half headline loss to 0.11 pence a share from 0.37 pence a share the year before.

Platmin loss widens to $11.1m

Platinum junior Platmin, which is developing mines in South Africa, has reported the widening of its loss to $11.1m for the 10 months to end December 2009.

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.