NUM suspends Implats strike on CCMA request
The National Union of Mineworkers has announced its members have "overwhelmingly" agreed to suspend a strike action at Impala Platinum, the world's second largest
platinum producer.
Workers down tools at Northam Platinum mine
The National Union of Mineworkers says that over 5 000 workers have downed tools at Northam Platinum's mine in Rustenburg to mourn the deaths of the two mineworkers last week.
Lonmin’s swap option on Akanani
JP Morgan Cazenove analysts Steve Shepherd and Allan Cooke reckon Lonmin should
swap its Akanani project for Anglo Platinum's stake in Pandora because the deal would
benefit both groups.
Coetzer to take Bird’s mantle at Jubilee
Jubilee Platinum has unveiled a slew of management changes, including the resignation of the CEO, following the acquisition of Braemore Resources by the platinum miner.
AngloPlat forecasts rising production
Anglo Platinum remains upbeat on the recovery in the platinum market looking to produce 2.5m oz this year and forecasting the platinum price will stay above $1,500/oz during the remainder of 2010.
AngloPlat finally converts its mining rights
Anglo Platinum has at last achieved conversion to new order mining rights for all its mines which should ease investor concerns over the relationship between the group and the government.
Eastplats lifts output despite dismissals
Eastern Platinum dismissed 15 contract stoping crews in May but still managed to keep production in the period on an even keel quarter-on-quarter.
Lonmin to meet platinum sales target
Lonmin will meet its forecast of selling 700,000 oz of platinum in the year to September but at an additional cost of $17.5m because some 20,000 oz of platinum will be toll-smelted by a competitor.
Marikana yields higher output for Lonmin
Lonmin said third quarter output from its Marikana underground operations yielded a 10.2% increase compared to the same period last year.
Platinum juniors take a beating
Platinum juniors and explorers are getting battered by current volatile market conditions with Wesizwe Platinum and Platinum Group Metals amongst the worst affected.