Sibanye-Stillwater to restructure PGM shafts affecting 4,095 miners
SIBANYE-Stillwater announced today restructuring plans of its South African platinum group metal (shafts) affecting 4,095 full time employees and contractors.
The precious metals miner said...
Five day water outage reduces Amplats Q3 refined output 9%
ANGLO American Platinum (Amplats) posted a 9% decline in refined platinum group metals (PGMs) output to 909,700 ounces for the third quarter partly owing...
Southern Palladium gives prospects much-needed good news boost
PLATINUM Group Metal (PGM) exploration firm Southern Palladium today published promising results from a geotechnical study of its Bengwenyama prospect.
Bengwenyama is rich in palladium...
Sibanye-Stillwater, Implats dismiss fears of “mine closures”
SOUTH African platinum group metal (PGM) producers say they have taken steps to minimise mine closures, but they also acknowledge the downturn in prices...
Implats clarifies AGM resolution following proxy group warning
IMPALA Platinum (Implats) today clarified a special resolution for its annual general meeting on October 30 in which it would ask shareholders to approve...
Tharisa delays Karo project 12 months as PGM prices retreat 26%
THARISA has delayed delivery of its $391m Karo platinum group metal (PGM) project in Zimbabwe by a year to June 2025 owing to the...
Amplats CEO says metal prices to recover 15% to 20%
PLATINUM group metals (PGM) would recover 15% to 20% their current price levels as "some of the floor" in the basket price had been...
Northam Platinum best placed to withstand current PGM down cycle
NORTHAM Platinum will be able to "withstand the current down cycle better than many of its larger peers", said credit rating agency GCR Ratings.
Citing...
Sibanye-Stillwater CEO says no final dividend at spot metal prices
SIBANYE-Stillwater CEO Neal Froneman acknowledged that at spot metal prices the group was unlikely to pay a final dividend in 2023.
He also said the...
How Northam Platinum became SA’s top PGM pick
NORTHAM Platinum ended more than 18 months of high-stakes corporate theatre when it reversed out of a potentially balance sheet-destroying bid for Royal Bafokeng...