Amplats slashes capex, lowers 2012 output
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
Sable Platinum said it intends to list on the JSE on September 17 in a reverse
takeover of cash shell, New Corpcapital.
Nicolau goes as Anglo rings the changes
UPDATED: A difference in opinion over the extent of changes needed at Anglo
American Platinum is the likely reason for the departure of the group’s CEO,
Neville Nicolau.
Lonmin faces tough choices
Platinum producer Lonmin’s long walk back to respectability is being seriously
threatened by the sector’s mounting woes.
Platinum Kruger Rand “may help stop the rot’
Platfields CEO Bongani Mbindwane says the introduction of a platinum coin may
create a new long-term source of demand for the beleaguered sector.
Aquarius pleads with peers over cutbacks
Aquarius Platinum says it hopes other industry players follow its example and
cut unneeded production.
Platinum workers dig in uncertainty
The scaling down of operations at Aquarius Platinum’s Marikana Shaft 4 has
brought uncertainty to the local economy of the community where the mine is
based.
Amplats slides on gloomy forecast
Anglo American Platinum says its interim’s earnings will be lower by 20% or
more, sending the group’s shares on a downward slide.
Smokey Hills on the brink
ASX-listed Platinum Australia’s Smokey Hills mine is facing an uncertain future
following the group’s decision to do "an urgent review' of the operation.
Lonmin reports Marikana fatality
Platinum producer Lonmin has reported a fatality at the Rowland shaft of its Marikana mine.