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Time to let out the handbrake on platinum group metals?

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The JSE’s four largest platinum miners cut nearly R30bn in planned capital and stay-in-business expenditure in February in a clear vote that the metal’s...

PGM cash burn to top $400m without more restructuring

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DESPITE a promising ripple in the price of palladium, a much hoped-for recovery in platinum group metal (PGM) prices has so far not materialised....

How SA plans to profit from sky-high gold prices

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On February 28 Harmony Gold approved the R7.9bn deepening of its Mponeng mine, in Carletonville, west of Joburg. Once the capital work is complete in...

Tharisa jumps 11.5% after unveils $5m share buy-back plan

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THARISA, the Johannesburg-listed chrome and platinum group metals miner, on Tuesday unveiled plans to buy up to $5m of its own shares. Tharisa said it...

Sedibelo Platinum write-down forces ruby miner into the red

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THE decline in platinum group metal (PGM) prices last year weighed heavily on Gemfields, the ruby and emerald miner which has a 6.45% stake...

Sibanye-Stillwater suspends PGM shaft after conveyor damaged

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SIBANYE-Stillwater on Wednesday suspended its Siphumelele shaft following an accident in which a conveyor belt was damaged at the platinum group metals operation. There...

The tide may be turning for unwanted PGM

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PALLADIUM is heading south again after two bursts this month took the metal's price firmly through $1,000 per ounce. At last count it was...

Sibanye-Stillwater concludes $155.9m Reldan recycling deal

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SIBANYE-Stillwater said on Monday it had concluded the $155.9m acquisition of Reldan, a US platinum group metal (PGM) recycling business. "The addition of Reldan, at...

ARM defers Bokoni after writing down PGMs for R1.4bn

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AFRICAN Rainbow Minerals (ARM) has deferred the expansion of its Bokoni Platinum Mine saying in its interim results announcement on Friday it would conserve...

Platinum set for another deficit as SA mined supply under threat

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PLATINUM will register another supply deficit in 2024 amid a seven-year high in automotive demand and declining primary production, especially in South Africa, said...