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...
Amplats unbundling requires “surgical” hand, says bank
ANGLO American is not only facing difficult market conditions in terms of its restructuring plans laid out in May aimed at 'daylighting' the group's...
PGM market through the worst, says Tharisa CEO
THE platinum group metal (PGM) market had seen the worst of an 18-month price correction, said Tharisa CEO Phoevos Pouroulis in a third quarter update.
"PGM...
Sibanye-Stillwater CEO says firm prepared to mothball US mine
SIBANYE-Stillwater CEO Neal Froneman said the company was prepared to put its Stillwater mine in the US on care and maintenance as palladium prices...
Pro-business GNU could help SA platinum sector – WPIC
SOUTH Africa's newly instituted Government of National Unity could help the platinum group metals (PGMs) industry to respond quicker to market cycles, said BusinessLive...
Implats resolves illegal strike at BRPM
IMPALA Platinum (Implats) said on Wednesday an illegal stoppage at the North shaft of its Impala Bafokeng BRPM operation had been resolved after a...