Govt to test platinum lifeboat options
Amid another platinum mine closure, the South African government says it is
studying options for intervening in the sector in an effort to help save jobs.
Village looks for Lesego partner
Village Main Reef says it is looking for a partner to advance its sole platinum
asset as a pre-feasibility study shows a possible return rate of 18% for the
asset.
Aquarius cutback “too small to notice’
The platinum price will only respond to supply cutbacks once the major PGM
producers embark on shaft closures, says analysts.
Amcu ranks swell to 20,000, turns to Amplats
The Associated Mineworkers and Construction Union (Amcu) said it had a majority
at Impala, organisational rights at Lonmin, and had been asked by Amplats mines
to canvass for support there.
Nkwe Platinum says Garatau ‘meets parameters’
Garatau, an eastern bushveld project owned by Nkwe Platinum had met
expectations, according to project owner Nkwe Platinum.
Eastplats shutters project amid Pt margin pain
The tough conditions of the platinum market claimed its first big victim after
Eastern Platinum put its Mareesburg and Kennedy’s Vale Concentrator
project on ice.
Implats hatches plan to ease union hostilities
Impala Platinum wants Amcu and the NUM to arrive at a solution whereby the
two unions share recognition at the company’s Lease Area mine rather than
adopt a "winner takes all’ approach.
Implats battered by stoppages, promotes RDOs
The platinum producer also confirmed that rival union Amcu had requested
organisational rights amid verification the NUM had lost 10,813 members.
Zimplats fears for its credit-worthiness
Zimplats fears its ability to raise loan finance will be jeopardised if it is forced
to localise all its offshore accounts to Zimbabwe.
Shanduka unfazed by market as Lonmin deal nears
Shanduka Group is edging towards the completion of a feasibility study into
whether to take control of Lonmin’s Limpopo division.