Lonmin confirms 1,000 jobs at risk as market pressures intensify
LONMIN confirmed it was cutting jobs in order to protect its operations against sustained low platinum group metal (PGM) prices and increasing cost pressures.
Reuters...
Northam losses top R360m, sets talks date
Northam Platinum will meet with the National Union of Mineworkers on December 5 in new talks to be convened by the CCMA.
Zimbabwe turns up the heat on Zimplats
The Zimbabwe government has threatened to cancel Zimplats mining licence in the latest bout of "sabre rattling" over the country's indigenisation requirements for mining companies.
Amcu gears up for weekend of protest
The Associated Mineworkers & Construction Union (Amcu) said it had persuaded Amplats workers to return to work but said protests would kick off this weekend.
What Sibanye-Stillwater’s bond says about its prospects
SHARES in Sibanye-Stillwater were hammered yesterday as investors took short positions while others bailed on the stock.
This was after the precious metals miner announced...
Lonmin merger with Sibanye-Stillwater may be on the skids
SIBANYE-Stillwater's proposed merger with Lonmin may be on the skids, said Liberum Capital in a recent report.
According to the UK investment bank, the low...
Amplats spin-off given short shrift
The prospect of Amplats listing its non-core assets in a partial unbundling has been questioned by a UK analyst who said investors would be foolish to buy it.
Amplats’ Moosa ‘ashamed’ of AMCU strike
Valli Moosa, chairman of Anglo American Platinum, delivered a frank opinion of the platinum sector strike and said the industry had to be entirely modernised.
Unloved platinum group metals in ARM could form grounds for share...
THE share prices of companies producing platinum group metals (PGMs) have clearly been on the rise. Impala Platinum (Implats) is one of the best...
Goodlace links mine deaths to society’s ills
MINING companies will often point out that there are aspects of their businesses that they cannot control, such as market prices; and other factors...