Sibanye-Stillwater suffers $2.58bn in asset impairments
SHARES in Sibanye-Stillwater fell under renewed pressure after the group said in a trading statement on Wednesday that the carrying value of assets had...
Amplats to restructure mines potentially affecting 3,700 jobs
ANGLO American Platinum (Amplats) announced a restructuring review across its operating base potentially affecting 3,700 fixed term employees as well as 620 contracting companies.
The...
Northam Platinum “pauses, defers, curtails” projects as sales fall 25%
NORTHAM Platinum said on Monday it had adjusted capital projects across its three mines following a deterioration in the platinum group metal (PGM) market.
Commenting...
Sibanye-Stillwater, Heraeus to boost long-term palladium demand
SIBANYE-Stillwater has teamed up with metals trader and recycling company Heraeus Precious Metals to investigate use of palladium in downstream hydrogen applications. The two...
SA’s platinum group metal miners hit rock bottom – hopefully
TRADING updates from Impala Platinum and Anglo American Platinum this week are telling the story of last year’s wipeout in share prices. According to...
Implats impairs mines for R1.69bn as metal shake-out hits sector
IMPALA Platinum (Implats) will announce R1.69bn in asset write-downs in its interim accounts ended December following 37% decline in platinum group metal prices. It...
Sibanye-Stillwater to cut PGM output by up to 60,000 oz/year
SIBANYE-Stillwater is to cut up to 60,000 ounces of annual platinum group metal (PGM) production as part of restructuring plans which were being "wrapped...
Southern Palladium scopes out $408m Bengwenyama
SOUTHERN Palladium on Thursday published details of a scoping study into its Bengwenyama project estimating a post tax net present value of $700m assuming...
Implats restarts tragedy-hit shaft amid sharp earnings fall
IMPALA Platinum expected to lose about 60,000 ounces of platinum group metals owing to the tragic underground accident at its Rustenburg 11 shaft in...
SA’s latest PGM mine doesn’t inspire confidence
SOUTH Africa's platinum group metals sector may be battening down the hatches while prices languish but new production is coming on stream nonetheless. Canada's...