Platinum

JP Morgan warns over slumping platinum output

JP Morgan Cazenove has sounded a warning over the negative impact on the platinum miners of falling production linked to increased safety inspections by the Department of Mineral Resources.

Jubilee to acquire chrome ore company

Mining exploration and development company Jubilee Platinum has unveiled plans to acquire a firm that treats chrome ore in the platinum-rich western Bushveld.

Amplats’ Griffith fears strike will foil restructure

Chris Griffith, CEO of Amplats, said a strike at its premises on Thursday would see its restructuring efforts unravel.

PTM mops up after $590m loss, needs $30m to settle debt

PLATINUM Group Metals (PTM) brought the curtain down on a most difficult of years in which it shelved and then sold its much-vaunted Maseve...

Amplats unveils plan to cut 400koz, 14,000 jobs

Anglo American Platinum has unveiled its restructuring plan which perhaps goes further than some analysts expected yet may rile unions as the jobs cuts are deep.

Union rivalry again halts Implats operations

Implats says its Rustenburg operations will be affected by 3,000 platinum ounces daily due to another union rivalry-related unprotected work stoppage.

AMCU to mull ‘journey’ offer to R12,500/m

AMCU will ask members to consider a revised three-year wage offer from platinum producers that proposes a 9% increase for entry-level workers in the first year.

Secondary strike at Sibanye-Stillwater platinum mines may not be widely supported

SIBANYE-Stillwater raised the possibility that support for a secondary strike at its platinum mines may not be well supported, but it also cautioned that...

Mechanised mining in the spotlight

There are concerns the Department of Mineral Resources is about to impose strict new standards on mechanised platinum mines but this is denied by chief inspector of mines Thabo Gazi.

Aquarius Platinum faces $118m bond rethink

Aquarius Platinum may be forced to refinance its $118m convertible bond or raise cash by issuing shares again, according to Goldman Sachs.