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Amplats unbundling will create “opportunities” for rivals

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THARISA, a chrome and platinum miner, welcomed the proposed unbundling of Anglo American Platinum (Amplats) as it would create "synergies and opportunities". Amplats would be...

Tharisa slows Karo Platinum as PGM prices trough

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THARISA has slowed the development of its $391m Karo Platinum project in Zimbabwe owing to depressed prices for platinum group metals (PGMs). Commenting in the...

Share overhang the price of Amplats’ autonomy, says analyst

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THE proposed unbundling of Anglo American Platinum (Amplats) could result in a leaner, more cash generative company, but there could be an overhang in...

Anglo to cut ties with Amplats, De Beers in historic restructure

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ANGLO American today announced a radical restructure – its most far-reaching in decades – in which it would demerge its 79% owned Anglo American...

SA platinum supply to fall 2% in 2024, says WPIC

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PLATINUM was heading for another supply deficit this year calculated by the World Platinum Investment Council (WPIC) at 476,000 ounces. The metal recorded a...

Implats CEO urges investors to play the long game

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NICO Muller, Impala Platinum (Implats) CEO, carries a slightly haunted air at the moment. Speaking at the PGMs Industry Day conference in Joburg last...

Implats says investors continue to influence “volatile” PGMs

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INVESTORS continued to influence platinum group metals (PGMs) in Impala Platinum's (Implats') third quarter resulting in volatile pricing, the firm's CEO Nico Muller said...

Sibanye-Stillwater plays down AGM bond jeopardy

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SIBANYE-Stillwater's annual general meeting on May 28 carries more than the usual jeopardy following the company’s surprise $500m convertible loan launched last year. If...

Implats to slash 3 900 jobs on weak PGM prices

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ABOUT 3,900 jobs are on the line at platinum group metals (PGM) miner Implats as weak platinum prices and input cost pressures have forced...

Sibanye closes the loss-making 4B shaft at Marikana but minimises job...

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Sibanye Stillwater is to close the 4B shaft at its Marikana platinum operations near Brits affecting 1,496 employees and 54 contractors some five years...