Jubilee admits buyout talks
Shares in Jubilee Platinum have soared, following an announcement that the group is in discussions with a possible suitor.
Impala to miss output target
Impala Platinum expects to produce 1.82 million ounces of platinum in its financial year that ends in June, down slightly from an original target of 1.85 million.
Strikes, rand may curb platinum output growth
South Africa is able to lift its platinum output by 5% in 2011, but the prospect of strikes and a strong rand currency may curb expansion, says metals refiner Johnson Matthey.
Anooraq Resources to restructure
Platinum junior Anooraq Resources is to restructure its operations with partner Anglo Platinum because of the rising financial pressure from its R2.5bn debt burden.
Impala posts output increase
Impala Platinum says the output of refined platinum has risen 9% in the nine months to the end of March.
Platmin’s output headaches carry on
Platmin says its target of achieving breakeven in 2011 at the Pilanesberg mine is not a sure thing, as the group’s struggles to attain adequate waste stripping volumes continue.
Eastplats posts loss, mine damaged
Eastern Platinum has posted a quarterly loss on lower output and the company says its flagship Crocodile River Mine project is damaged following a wage dispute.
Eastplats shares hit the skids
Eastern Platinum’s share price has been punished as investor disappointment over woeful results were exacerbated by an ongoing and allegedly violent labour dispute.
Implats, Angloplat in indigenisation talks
Angloplat and Implats are cooperating with Zimbabwe on proposals to sell majority shares in their local operations to locals, says a government minister.
Lonmin doubles profit, confirms guidance
Lonmin says operating profit more than doubled to $144m in the first half and confirmed sales guidance for 2011, despite an increase in safety stoppages.