Amplats to cut 420 managerial jobs as market bites
The consolidation of Anglo American Platinum's operations, and a deteriorating platinum market, has meant some 420 jobs are surplus to requirements.
Lonmin playing “game of chicken” with market
Analysts think Lonmin has the least flexibility of its peers and will almost certainly end up a smaller company, especially whilst it holds back on refinancing.
Tharisa hopes interim profit is shape of future
Tharisa produced its first headline earnings despite lower prices and chrome output and said it was targeting debt which had topped $99m.
Amplats to post 20% interim earnings lift
Anglo American Platinum would report interim share earnings of more than 20% on an improved operational performance.
Implats calls off Marula sale, looks to expand
Impala Platinum has abandoned plans to sell its 78,500 oz/year Marula platinum mine saying, instead, it will expand the operation.
PTM consolidates Waterberg projects
Platinum Group Metals consolidated its platinum prospects on the Northern Limb of the Bushveld and attracted $20m in exploration investment.
Zambezi listing seals Zim’s return
If being forced to sell a handsome slice of Northam Platinum in 2012 was a dark time for his Afripalm Resources, Lazarus Zim isn’t saying
Zimbabwe ices 15% platinum levy
Mines minister, Walter Chidakwa, wants to resume platinum exports as they generate revenue, but says beneficiation facilities must be built in the long-term.
SA’s platinum industry to be reshaped
JP Morgan Cazenove reckons big changes are about to take place in SA's embattled platinum sector with Lonmin in particular facing tough decisions.
Lonmin heading into takeover territory
Lonmin is sailing into potentially stormy waters as it fights to stay profitable while Glencore will unbundle its 23.9% stake in the company on June 9.