Lonmin thinking twice about growth plans
Lonmin says its growth investment strategy is not set in stone, saying it will rethink its target of a 950,000oz production profile if market conditions deteriorate.
Northam, Siyanda Resources in bidding to buy Amplats’ Bokoni Mines: report
NORTHAM Platinum's search for platinum group metals (PGM) resources and mining flexibility may not be at an end after it was reported today it...
‘Neutral’ Lonmin shows $120m Q1 cash outflow
Shares in Lonmin were untroubled as the market absorbed first quarter output figures. A worry, however, is another cash outflow, this time totalling $120m.
Lonmin extends jobs cuts, slashes output 100koz
Lonmin gave its frankest admission yet the future of the business was at stake without restructuring - a development that spooked investors who fled the stock.
SA platinum group metal miners bearing the brunt of COVID-19 fatalities
MORE than half of the 18 South African mineworkers known to have died owing to COVID-19 disease have been in the country's platinum sector,...
Eastplats considers expansion options
Eastern Platinum is looking again at how it could develop the various expansion projects it controls on the Eastern Limb of the platinum-bearing Bushveld Complex.
RBPlat to issue R1.2bn in bonds amid share price pressure
ROYAL Bafokeng Platinum (RBPlat) is to issue R1.2bn in corporate bonds in order to complete some R3.2bn in finance for the expansion of its...
Lonmin’s furnace woes curb output
Lonmin says its endless Number One furnace problems may be over, but not before the company’s Achilles’ once again puts a damper on operations.
PGM price surge in 2014/15 to lift fringe stocks
A significant escalation in the basket price of platinum group metals is being forecast which could be good news for SA's forgotten platinum stocks.
Implats impairs Canadian mine by R7.8bn as palladium plummets
IMPALA Platinum (Implats) has taken a heavy hit on its Canadian mine, impairing the asset by more than half its initial R11.4bn purchase price...