Lonmin, Amplats reap benefits of rand hedge status … for now
WITH a second credit rating downgrade for SA confirmed, it might be worth weighing up the pros and cons of the recent resuscitation of...
Anglo to cut ties with Amplats, De Beers in historic restructure
ANGLO American today announced a radical restructure – its most far-reaching in decades – in which it would demerge its 79% owned Anglo American...
Magara: ‘Lonmin was a one-trick pony waiting for a price recovery...
CORPORATE deaths are rarely spectacular; not the denouément, in any case. Rather, the lawyers move in and with a swish of the pen life...
Despite its best efforts, Lonmin remains a company in distress
LONMIN, the Johannesburg-listed platinum producer, ended its 2016 financial year in a far better position than it began with net cash increasing to $173m,...
SA platinum miners ask court to block AMCU secondary strike on...
ANGLO American Platinum (Amplats), and other platinum miners, have asked the South African courts to block a secondary strike planned by the Association of...
Pilanesberg Platinum closes as price slump claims scalp
LOW platinum group metal (PGM) prices have claimed another scalp with Pilanesberg Platinum Mines (PPM) telling employees the operation would close from Friday (December...
Shanduka swears committment to Incwala
Shanduka said it remained committed to its investment in Incwala Resources through which it has a 9% investment in debt-laden platinum miner, Lomin
Implats stays confident on Zimbabwe
Impala Platinum CEO David Brown remains confident over the future of the group's Zimplats operations, which could transform Impala's future if all goes to plan.
Amplats appoints finance director Craig Miller as new CEO
ANGLO American Platinum (Amplats) today announced that its finance director Craig Miller would take over running of the company from outgoing CEO, Natascha Viljoen.
The...
DMR backs down on Aquarius
The Department of Mineral Resources has backed away from its draconian safety directive to Aquarius Platinum which will continue standard mechanised mining operations while striving for better safety.