Bakubung used funds for microlender
About half of the R700m raised as the Bakubung nation's Wesizwe Platinum shares was invested in microlender Mafori Capital, it has been confirmed.
Eastplats considers expansion options
Eastern Platinum is looking again at how it could develop the various expansion projects it controls on the Eastern Limb of the platinum-bearing Bushveld Complex.
Eastplats can increase production
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
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
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
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
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
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
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
Impala Platium Holdings, the world's second largest platinum producer, has confirmed a work stoppage at the company's 12 Shaft operation in Rustenburg.