How above-ground inventories will influence platinum until 2023
THE platinum market relies on supply and demand dynamics to support platinum price projections. On the primary supply side, the market is of the...
Strike removes up to 2,5m ounces from market
The strike will normalise the platinum market for at least five years, says Impala Platinum marketing head Derek Engelbrecht.
Miners to return to work at Northam’s Zondereinde
EMPLOYEES at Northam Platinum's Zondereinde mine were expected to return to work tonight after eight days of downtime following an outbreak of violence at...
Northam loses R250m so far due to strike
Northam Platinum is counting the cost of a lengthy strike, while striking employees have lost approximately R60m in wages and benefits.
Implats’ unveils restructure as low platinum price the “new normal”
NICO Muller, Impala Platinum (Implats) CEO since April, rang in the changes amid "a new pricing environment" for platinum unveiling plans to restructure both...
Lonmin to cut output up to 12% as “over-supply was a...
LONMIN has reduced its platinum sales target by as much as 12% to 650,000 ounces for its 2017 financial year in order to cut...
Eastplats secures R2.1bn equity financing
Eastern Platinum has filed a preliminary short form prospectus in connection with a public offering of common shares to raise approximately C$300m.
Anglo’s Cutifani surprised by continued strength of palladium price
MARK Cutifani, CEO of Anglo American, said he was surprised by the improvement in prices for palladium, saying he expected its substitution with platinum...
Kasukuwere to support Implats principles
Zimbabwean minister, Saviour Kasukuwere, says a "once empowered, always
empowered’ principle would be supported while changes to royalties payable
may be considered.
Lonmin urges support for $800m rights offer
Lonmin said its future was in jeopardy unless shareholders supported its refinancing, due for a shareholder vote on November 19. Crucially, it kept the door open to Xstrata.