AMCU’s Mathunjwa a pall over Sibanye-Stillwater despite “prudent” R1.7bn share deal
SHARESÂ in Sibanye-Stillwater were under pressure today following a company announcement it had raised R1.7bn by means of a share placement - cash it would...
PGMs home and abroad weigh in for Sibanye-Stillwater
HIGHER rand prices for platinum group metals (PGMs) and a full six months of production from the US PGM operations will help Sibanye-Stillwater to...
Sibanye-Stillwater continues balance sheet clean with $353.7m bond redemption
SIBANYE-Stillwater continued to chip away at its balance sheet announcing today it would close out a $353.7m corporate bond.
It rubbed out the balance of...
Market swayed by logic of “surprise” swoop as Implats prefers Canada’s...
MARKET reaction to Impala Platinum's R10.4bn bid for North American Palladium (NAP) following the Johannesburg close yesterday was relatively sanguine - a view born...
‘Unprecedented’ rainfall dampens Tharisa first quarter chrome and PGM mine output
UNPRECEDENTED rainfall hampered production from Tharisa's platinum group metal (PGM) and chrome mine in the first quarter, the Johannesburg-listed group said in an update...
Palladium ETF to ride metal supply fears
Absa Capital's latest addition to its ETF suite is a palladium product it expects will attract a similar investor that has scooped up a million oz of its platinum ETF.
Implats to cut platinum output 30% in radical Rustenburg restructure
IMPALA Platinum (Implats) has lifted the curtain on the much-anticipated restructuring of its Rustenburg (Lease Area) operations, the outcome of which is a 230,000...
Unions absent from Amplats’ jobs revision
Anglo American Platinum (Amplats) said it would retrench up to 8,000 less jobs than first proposed, but the consultation process did not have union participation.
Southern Palladium raises A$20m on back of price surge
SOUTHERN Palladium rode the recovery in platinum group metal (PGM) prices to full advantage announcing on Monday it had raised A$20m through the placement...
Sibanye-Stillwater says SA ‘overhead’ cuts on radar
SIBANYE-Stillwater CEO Neal Froneman raised the prospect of further restructuring of the firm's South African division which produces gold and platinum group metals (PGMs).
"At...