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Eastplats can increase production

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Eastern Platinum, South Africa's sixth-largest platinum group metals producer, says the company has the potential to increase its production to 600 000 ounces per annum.

Jubilee advances platinum plant plans

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Jubilee Platinum is moving rapidly to build a commercial plant to treat chrome-rich platinum concentrate, an important development in the South African platinum sector.

Nkwe sets JSE date, awaits Xstrata decision

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Nkwe optimises a bankable study into a R6.5bn-R8.3bn platinum project ahead of a listing on the JSE and Hong Kong. Xstrata must decide if it wants to earn into the project and shoulder the costs.

Implats output unaffected by work stoppage

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Impala Platinum says its production remains unaffected by a work stoppage at its 12 Shaft operation in Rustenburg.

Wesizwe’s R6.6bn China option in the balance

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Shareholders in platinum junior Wesizwe will decide in the next three months whether to go ahead with a R6.6bn capital injection that will see a Chinese consortium take control of the company.

Lonmin extends main furnace shut down

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Lonmin is to step up toll-treatment arrangments after it extended the month-long shut down of its Number One furnace by up to 30 extra days after earlier repairs failed.

Wesizwe secures R6.6bn Chinese funding

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Wesizwe secures financing of R6.6bn to build a mine. The funding will come from a Chinese consortium, comprising Jinchuan Group and the China Africa Development Fund, and which will take a 51% stake in Wesizwe.

Impala confirms work stoppage at its 12 Shaft

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Impala Platium Holdings, the world's second largest platinum producer, has confirmed a work stoppage at the company's 12 Shaft operation in Rustenburg.

JM bullish on platinum

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UK metals firm Johnson Matthey is bullish on prospects for both platinum and palladium during 2010 and has predicted the platinum price could reach $2,000/oz.

Implats MarchQ output slides 4pct

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Impala Platinum has reported a 4% dip in quarter-on-quarter platinum production to 368 000 ounces due to pipeline movements.