Amplats to restructure mines potentially affecting 3,700 jobs
ANGLO American Platinum (Amplats) announced a restructuring review across its operating base potentially affecting 3,700 fixed term employees as well as 620 contracting companies.
The...
Sibanye-Stillwater to buy-back 5% of shares, raising the bar on peer...
SIBANYE-Stillwater has unveiled a share buy-back programme equal to 5% of its issued share capital and worth a total of just under R10bn at...
Former employees invade Kroondal, three dead
Mine violence broke out at Kroondal’s Kwezi shaft, a part of its Kroondal mine,
which is the only operation to survive brutal cutbacks amid a supply surplus.
Implats’ Marula iced after ‘cluster’ of COVID-19 cases suggests high community...
IMPALA Platinum (Implats) confirmed 19 positive cases of COVID-19 at and around its Marula joint venture in South Africa's Limpopo province.
As a result, the...
Implats warns of further cuts amid “anaemic” metals market
IMPALA Platinum (Implats) raised the prospect of additional restructuring if current economic conditions in the platinum group metals (PGM) industry persisted, described by the...
PTM restores BEE with $1m share issue to HCI
PLATINUM Group Metals (PTM) is to issue 800,000 shares to its major shareholder Hosken Consolidated Investments Limited (HCI).
The share issue, priced at $1.26 per...
PGM market shows strong underlying fundamentals says Implats CEO
PRODUCTION of platinum group metals (PGM) fell at Impala Platinum’s (Implats') operations during the quarter to end-September, but sales were maintained and Implats' CEO...
Impala strike turns violent
Thousands of protesting miners have burnt tyres and torched a police office near Impala Platinum's Rustenburg mine, as a month-long strike turns violent.
Pallinghurst clears way for R3.24bn IDC stake
The consolidation of platinum properties into Sedibelo Platinum Mines clears the way for the IDC's R3.24bn investment, said Palllinghurst Resources.
Rand weakness offsets lower US chrome price for Tharisa in Q3
THE 5% weakening in the rand during the third quarter helped boost the basket price of platinum group metals (PGMS) for Tharisa whilst the...