Solid Q2 for Tharisa but net cash falls steeply
THARISA posted solid second quarter production numbers for both chrome and platinum group metals but net cash was heavily depleted quarter-on-quarter.
The group ended the...
Time to let out the handbrake on platinum group metals?
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
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
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
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
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
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
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
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
AFRICAN Rainbow Minerals (ARM) has deferred the expansion of its Bokoni Platinum Mine saying in its interim results announcement on Friday it would conserve...