Precious metals to the rescue for SA budget
THE recent boom in gold and platinum group metal (PGM) prices is set to provide the South African fiscus with a much-needed boom over...
Valterra makes hay to take edge off tricky maiden year
VALTERRA Platinum made hay in the fourth quarter increasing sales of platinum group metals four percent year-on-year to 1,042 million ounces.
The increase was a...
Court rules Zimplats not liable for platinum royalty
ZIMBABWE'S High court said Impala Platinum’s local unit was not liable to pay mining royalties of $7.1m on exports matte and concentrates.
According to a...
Implats earnings set to surge fivefold
IMPALA Platinum will post a spectacular increase in interim earnings, fuelled by higher platinum group metal prices and strong second quarter operational performance.
The miner...
Happy days return for South Africa’s platinum industry
SOUTH Africa’s platinum industry is forecast to triple free cash flow to about R1.7bn this year, after a major uptick in fortunes for the...
Precious metals sell-off spreads across markets
GOLD and silver suffered sharp declines on Monday as a record-breaking rally in precious metals reversed, sending ripples through global equity markets, said the...
Implats gains momentum amid 40% price lift in PGM basket
IMPALA Platinum (Implats) gained operational momentum in the second quarter to post respectable production numbers for the six months ended December.
Group production was 1.79...
Sibanye-Stillwater targets R3bn savings in back to basics strategy
SIBANYE-Stillwater has targeted R3bn in cost savings over the next two years as part of newly launched strategy focusing on simplification and organic growth.
"Spoiler...
Nornickel says platinum and palladium output to fall
RUSSIA'S largest mining company MMC Norilsk Nickel expects platinum and palladium production to decline this year due to lower ore grades.
Palladium output could fall...
5 strategic goals Richard Stewart may unfurl for Sibanye-Stillwater
RICHARD Stewart couldn't have taken over as CEO of Sibanye-Stillwater at a better time. Gold and platinum prices are at record highs which has...