Platinum stocks fall to four months as supply deficit looms
THE platinum market is heading towards another major deficit this year while above-ground stocks of the metal fall to only four months' worth of...
Northam declares interim dividend despite cash outflow
NORTHAM Platinum Holdings said on Friday it would pay an interim dividend despite a heavy decline in earnings and tripling in net debt to...
Implats seeks meeting with Zimbabwe govt over forex rules
IMPALA Platinum (Implats) is seeking a meeting with Zimbabwe president Emmerson Mnangagwa to discuss foreign exchange retention rules that make it increasingly difficult for...
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...
Amplats suspends Tumela after rains flood Limpopo mine
ANGLO American Platinum (Amplats) suspended production at Tumela mine on February 20 following heavy rains in the region which flooded rivers and caused a...
Sibanye-Stillwater says US to grant R4.8bn in metals subsidies
SIBANYE-Stillwater said on Friday it stood to benefit from historic and current tax credits totalling $121m in Ebitda for its US platinum group metal...
Sibanye-Stillwater to impair US mine for R8.79bn
SIBANYE-Stillwater said in a trading statement on Wednesday that it would write-down its US-based Stillwater palladium/platinum mine by about R8.79bn.
The impairment stems from a...
Amplats unveils R15.7bn special dividend ahead of June demerger
ANGLO American Platinum (Amplats) on Monday said it would pay a special cash dividend of R15.7bn, equal to R59 per share.
In addition to the...
In-favour Amplats unlikely to suffer major flowback
ANGLO American’s restructuring has lift-off. Despite doubts over its complexity, the group has sold its Australian coal mines for $4.8bn and last month agreed...
Sibanye-Stillwater appoints Richard Stewart as CEO-designate
SIBANYE-Stillwater confirmed a Miningmx report earlier on Thursday that its founding CEO of 13 years standing, Neal Froneman was set to retire this year....