Amplats agrees to sell Kroondal stake earlier to Sibanye-Stillwater
SIBANYE-Stillwater has taken 100% control of Kroondal Platinum Mines (KPM) after bringing forward an agreement to buy the 50% stake of its joint venture partner...
Northam to take R300m hit from smelter run-out
Northam Platinum has warned investors the smelter run-out at its Zondereinde mine may affect income by some R300m in the current financial year.
Lonmin to sell 500koz of processing capacity, eyes R500m overhead cut
LONMIN has set out further steps aimed at turning cash flow positive after capital expenditure which includes a R500m reduction in overhead costs by...
Smokey Hills strike halts most operations
Platinum Australia, the Australian exploration firm developing platinum projects in South Africa, reports that strike action at its Smokey Hills mine in SA has halted almost all operations at the mine.
RB Plats may not tap market for R1.7bn
Royal Bafokeng Platinum says project savings and capital raised from its initial
public offering might mean shareholders won’t have to pitch in to fund the
R11.8bn Styldrift project.
Amplats interim earnings to be at least 20% lower
ANGLO American Platinum (Amplats) said its interim headline earnings and headline earnings per share would be at least a fifth lower partly owing to...
Sibanye cuts platinum reserves at RPM, Kroondal
SIBANYE Gold reduced estimated mineral reserves at its newly acquired platinum (4E) operations by some 12.5 million ounces of which about half were at...
Strike takes worrying slide into violence
One employee, believed to be an AMCU shop steward, died while another was injured as a strike at Amplats took a worrying turn for the worse.
ARM’s earnings drop 43% after PGM strategy backfires
AFRICAN Rainbow Minerals has reported a 43% drop in headline earnings for the year to June as the downturn in the platinum group metals...
IDC-backed community group Baroka ba Nkwana interested in buying Bokoni from...
COMMUNITY group Baroka ba Nkwana has submitted an expression of interest in the Bokoni mine, the Limpopo province mine that was written down for...