Froneman frustrated as Sibanye struggles for recognition
SIBANYE Gold CEO, Neal Froneman, could hardly conceal his frustration with the performance of the firm’s share price which at the time of the...
Amplats free of debt shackles, but it won’t sacrifice growth for...
ANGLO American Platinum (Amplats) said it was unlikely to change its mind on a special dividend because it was committed to "disciplined capital allocation" especially...
Sibanye-Stillwater secures 45% of SA renewable power target
SIBANYE-Stillwater said it had procured 178MW of renewable power from two projects taking total wind and solar power supplied to its South African mines...
NUM numbers 13% at Implats Rustenburg
UPDATED: The National Union of Mineworkers represents 13% of workers at Impala
Platinum in Rustenburg, according to a company letter (copy of letter included).
AMCU deal imminent, but job losses inevitable
Amplats CEO, Chris Griffith, said the 10-week strike almost certainly involved more job losses but added that he felt a wage deal was around the corner.
Shanduka seizes control of Incwala
Shanduka Resources is to pay R2.8bn in cash and debt in return for a 50.03% stake in Incwala Resources, the struggling empowerment initiative first rolled out by Lonmin in 2004.
Implats’ earnings crash as price weakness, Eskom weigh
POWER supply reductions, cost inflation, and a decline in the basket price for platinum group metals (PGMs) weighed on Impala Platinum (Implats) in its...
Platinum market to run into 670k oz surplus as investment demand...
THE platinum market is expected to run into a 670,000 oz surplus in 2020 as record investment demand for the metal this year was...
Implats warns unions of “alternative arrangements” to wages if lockdown extended
IMPALA Platinum (Implats) would not be able to guarantee the payment of employee wages were the South African government to extend the 21-day lockdown.
"Management...
Amplats to sell Union, MASA Chrome to Siyanda for R400m
ANGLO American Platinum (Amplats) took the sale of non-core assets to no less than R6.3bn in 18 months after agreeing to part with its...