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Platinum may hit $2,000/oz in 6 months-JM

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Rising investment may take platinum to $2,000 an ounce in the next six months, its highest since mid-2008, Johnson Matthey said in an annual report.

Jury out on Eastplats

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There has been mixed reaction to Eastern Platinum’s March quarter results during which it broke even despite lower production thanks to rising platinum group metal prices.

Eastplats Mar Q output slumps 7%

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Toronto, AIM and JSE-listed Eastern Platinum has reported a net profit attributable to equity shareholders of $824 000 for the quarter ended March 2010.

Tough quarter for Anooraq

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Anooraq's production dropped in the March quarter but the worst should be behind the junior platinum producer now that it has completed the labour restructuring programme.

The Bafokeng’s royal platinum play

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The Royal Bafokeng Nation is about to reach a hugely significant milestone with the listing on the JSE later this year of its own platinum company.

Lonmin swings to profit in first half

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Lonmin has reported an about turn in half year profits by posting first half earnings per share of 15.5 US cents, compared to a first half loss per share of 67.9 US cents for the first half of the previous year.

Shanduka seizes control of Incwala

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Shanduka Resources is to pay R2.8bn in cash and debt in return for a 50.03% stake in Incwala Resources, the struggling empowerment initiative first rolled out by Lonmin in 2004.

Platmin raises $250m of new equity

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Platinum junior Platmin, which is developing mines in South Africa, has raised $250m in new equity.

ARM dumps Namibian gold project

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Diversified SA miner African Rainbow Minerals plans to divest from a gold project in Namibia by June and finalise development of a copper project in Zambia this year, it says.

Zimplats profit up despite output falling

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Zimplats' metal output falls, but profits rise on firmer metal prices.