Northam R3bn funding foresees ‘medium-term’ PGM opportunities
NORTHAM Platinum added further heft to its balance sheet today announcing a new R1bn revolving credit facility (RCF) which will tide it over during...
PGMs to remain critical feature as Tharisa plots future
THARISA CFO, Michael Jones, expressed genuine surprise that his company was twice the value of Lonmin. At a market capitalisation R5bn, Tharisa has come...
Lonmin cuts capex as net cash slides to $17m after lock-up
TROUBLED platinum producer, Lonmin, reported a decline in net cash during the six months ended March owing to a lock-up of metal following a...
Lonmin merger with Sibanye-Stillwater may be on the skids
SIBANYE-Stillwater's proposed merger with Lonmin may be on the skids, said Liberum Capital in a recent report.
According to the UK investment bank, the low...
Eastplats reports 17% escalation in Crocodile River chrome project
EASTERN Platinum (Eastplats) said a chrome tailings retreatment project at its Crocodile River mine near Brits in South Africa's North West province would cost...
Implats share dive ominous for world’s No.2 platinum producer
IMPALA Platinum (Implats) fell to its lowest value since 1999, reported Bloomberg News which cited analysts' fears that the company would announce a profit...
Rand eases but the margin pressure on SA PGMs is manifest
IT’S fair to say that Neal Froneman, CEO of Sibanye-Stillwater, hasn’t always been the best of friends with the South African government or its...
RBPlat CFO Prinsloo resigns
After more than nine years with the company, Martin Prinsloo has resigned from his position as chief financial officer and executive director of Royal Bafokeng Platinum (RBPlat).
The...
Action on troubled Rustenburg mines a “key imperative” – Implats...
Impala Platinum (Implats) has dropped its refined platinum production guidance for the year to end-June to 1.46m oz from the previous estimate of...
SA platinum miners “dysfunctional” says JP Morgan
South Africa’s platinum miners resemble a “dysfunctional oligopoly” and are currently increasing supply despite depressed platinum prices with no meaningful improvement in the situation...