Northam profits plunge amidst warnings of continued pressure on the platinum...
NORTHAM Platinum expects a decrease of between 76.6% and 86.6% in headline earnings per share for the year to end-June because of sharply lower...
Implats consigned to year-end loss as impairs mines for R19.8bn
IMPALA Platinum (Implats) today announced it had impaired assets for R19,8bn, equal to basic earnings of R22,04 per share, owing to a one-third decline...
No sign of life yet in PGMs despite industry restructuring
IT is three years since the bubble in platinum group metal (PGM) prices began to deflate. Back in June 2021, rhodium was trading at...
Cyber attack hit smelting at US mine, says Sibanye-Stillwater
A CYBER attack earlier this month on Sibanye-Stillwater's systems hit production at the group's Stillwater mine in the US resulting in "short term operational...
Tharisa signs 15-year renewables PPA for 44% of mine power
THARISA has signed a 15-year agreement to buy renewable energy from wind and solar farms in the Western and Northern Cape provinces, the platinum...
Amplats CEO seeks to placate market’s demerger concern
AMPLATS would retain the dividend, stick to mining platinum group metals (PGMs) in South Africa, and hope to retain shareholders on the basis of...
Amplats shuts Mortimer smelter as 3,700 jobs cut
ANGLO American Platinum (Amplats) said on Monday it had cut R4.9bn in costs for the six months ended June affecting 3,700 jobs and shut...
Is palladium showing signs of life after rise in lease rates?
THE lease rate for palladium — the cost of lending the metal for futures trading — has risen recently. RMB Morgan Stanley analysts caution...
Amplats deaths take gloss off improved Amandelbult
ANGLO American Platinum (Amplats) will post a hefty decline in earnings for the first half of its financial year despite increasing sales.
It also announced...
Northam Platinum reports 10% boost in refined PGMs
NORTHAM Platinum increased platinum group metals (PGMs) production 10% in its 2024 financial year amid a pause in its growth projects.
Commenting in a production...