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AMCU’s Mathunjwa a pall over Sibanye-Stillwater despite “prudent” R1.7bn share deal

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SHARES in Sibanye-Stillwater were under pressure today following a company announcement it had raised R1.7bn by means of a share placement - cash it would...

PGMs home and abroad weigh in for Sibanye-Stillwater

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HIGHER rand prices for platinum group metals (PGMs) and a full six months of production from the US PGM operations will help Sibanye-Stillwater to...

Sibanye-Stillwater continues balance sheet clean with $353.7m bond redemption

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SIBANYE-Stillwater continued to chip away at its balance sheet announcing today it would close out a $353.7m corporate bond. It rubbed out the balance of...

Market swayed by logic of “surprise” swoop as Implats prefers Canada’s...

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MARKET reaction to Impala Platinum's R10.4bn bid for North American Palladium (NAP) following the Johannesburg close yesterday was relatively sanguine - a view born...

‘Unprecedented’ rainfall dampens Tharisa first quarter chrome and PGM mine output

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UNPRECEDENTED rainfall hampered production from Tharisa's platinum group metal (PGM) and chrome mine in the first quarter, the Johannesburg-listed group said in an update...

Palladium ETF to ride metal supply fears

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Absa Capital's latest addition to its ETF suite is a palladium product it expects will attract a similar investor that has scooped up a million oz of its platinum ETF.

Implats to cut platinum output 30% in radical Rustenburg restructure

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IMPALA Platinum (Implats) has lifted the curtain on the much-anticipated restructuring of its Rustenburg (Lease Area) operations, the outcome of which is a 230,000...

Unions absent from Amplats’ jobs revision

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Anglo American Platinum (Amplats) said it would retrench up to 8,000 less jobs than first proposed, but the consultation process did not have union participation.

Southern Palladium raises A$20m on back of price surge

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SOUTHERN Palladium rode the recovery in platinum group metal (PGM) prices to full advantage announcing on Monday it had raised A$20m through the placement...

Sibanye-Stillwater says SA ‘overhead’ cuts on radar

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SIBANYE-Stillwater CEO Neal Froneman raised the prospect of further restructuring of the firm's South African division which produces gold and platinum group metals (PGMs). "At...