Sibanye-Stillwater to call for calm as funding fears circulate
IF platinum group metal (PGM) prices stay at their current levels this year, one bleak forecast says, Sibanye-Stillwater will break its lender covenants. To...
Implats to cut projects, reposition mines amid “anaemic” outlook
IMPALA Platinum (Implats) has unveiled a group-wide restructuring plan in which it may cut as much as 14% of platinum group metal (PGM) production...
Saudi PGM smelter proposal may test SA Govt’s loyalties
PLATINUM Group Metals, a Canadian company better known by its Toronto trading code, PTM, has submitted a proposal to the government that will force...
Sibanye-Stillwater to retrench 852 at PGM mines in SA
SIBANYE-Stillwater is to retrench 852 full time employees and contractors at its South African platinum group metals (PGM) mines, it announced on Friday.
This follows...
Sibanye-Stillwater suffers $2.58bn in asset impairments
SHARES in Sibanye-Stillwater fell under renewed pressure after the group said in a trading statement on Wednesday that the carrying value of assets had...
Amplats to restructure mines potentially affecting 3,700 jobs
ANGLO American Platinum (Amplats) announced a restructuring review across its operating base potentially affecting 3,700 fixed term employees as well as 620 contracting companies.
The...
Northam Platinum “pauses, defers, curtails” projects as sales fall 25%
NORTHAM Platinum said on Monday it had adjusted capital projects across its three mines following a deterioration in the platinum group metal (PGM) market.
Commenting...
Sibanye-Stillwater, Heraeus to boost long-term palladium demand
SIBANYE-Stillwater has teamed up with metals trader and recycling company Heraeus Precious Metals to investigate use of palladium in downstream hydrogen applications. The two...
SA’s platinum group metal miners hit rock bottom – hopefully
TRADING updates from Impala Platinum and Anglo American Platinum this week are telling the story of last year’s wipeout in share prices. According to...
Implats impairs mines for R1.69bn as metal shake-out hits sector
IMPALA Platinum (Implats) will announce R1.69bn in asset write-downs in its interim accounts ended December following 37% decline in platinum group metal prices. It...