Royal Bafokeng delays upgrade of mine

2015-11-17 18:00

Royal Bafokeng Platinum is to delay the upgrade of its mine by a year as commodity prices sink to record lows.

UPDATE: Shanduka 'committed' to Lonmin's BEE partner

2015-11-06 19:35

Empowerment group Shanduka says it remains committed to Incwala Resources, a BEE partner of struggling platinum miner Lonmin.

Platinum miners seek to preserve cash as demand slows

2015-10-27 10:57

Problems are mounting for platinum miners as efforts to raise output are negated by sluggish demand and low prices for the precious metal, says Aquarius Platinum.

Implats raises R4bn through share placement

2015-10-07 10:42

Impala Platinum has raised about R4bn through a share sale as margins for top platinum producers have been squeezed by a 51% price drop since August 2011.

Platinum plummets below $900 on VW scandal

2015-09-29 11:15

Platinum has fallen below $900 an ounce for the first time since January 2009 on fears that the Volkswagen emissions scandal would reduce demand.

New mines minister faces platinum baptism of fire

2015-09-23 16:16

For new Mining Minister Mosebenzi Zwane, until now a little-known provincial agriculture official, it was not the ideal first day in the office.

Platinum upgrade to golden reserve seen as monetary alchemy

2015-09-08 12:36

The mining industry, unions and the government want to boost platinum's sagging fortunes by promoting it as a SARB reserve asset.

Zimplats to focus on beneficiation as profit drops

2015-08-31 14:39

Impala Platinum's Zimbabwean unit Zimplats has announced a 29% and 56% revenue and pre-tax profit fall for its full year, and is now focusing on mineral beneficiation.

Royal Bafokeng swings to loss on softer prices

2015-08-04 10:30

Royal Bafokeng Platinum has swung into a first-half loss as it battled low metal prices, a softer currency and reduced output.

Zim's Mimosa platinum records rise in output

2015-07-28 15:08

Mimosa platinum mine, owned jointly by Aquarius Platinum and Impala Platinum, is on a strong footing after its quarterly production lifted by 5%, says the Aquarius CEO.


Lonmin down over 30% as investors flee before rights issue

2015-11-10 13:20

Lonmin has dived to a record low for a second day as investors fled after the platinum producer said it would sell billions of shares at a fraction of the market price.

35 000 jobs stand between Lonmin and its survival

2015-11-06 07:22

To survive the slump in platinum prices, Lonmin may need to reduce production. The trouble is, it will mean fewer jobs in a country that can’t afford to lose any.

Platinum industry shakeup sees Sibanye go to top 3

2015-10-07 12:25

Sibanye Gold, already among the best- performing stocks in its business, is buying into the embattled platinum industry with deals that will take it to a top-three producer.

More platinum woes ahead? Fallout from VW scandal

2015-09-29 15:38

Fallout from the VW diesel emissions testing debacle could alter the platinum to palladium demand and pricing balance, should diesel cars lose market share.

Platinum in pain as Volkswagen uproar may hurt diesel demand

2015-09-25 08:24

Volkswagen’s emissions scandal may be another blow for platinum prices trading at a six-year low.

Gold’s Mr Fixit starts second act with Amplats discards

2015-09-10 07:33

Crippling labour strikes, geriatric mines and precious metals prices scraping along at their lowest levels in half a decade don’t faze Sibanye Gold CEO Neal Froneman.

Platinum market deficit shrinks in second quarter

2015-09-08 12:09

The platinum market deficit has shrunk, data from the World Platinum Investment Council shows, as rising mine supply outstripped a much smaller increase in demand.

Ailing Lonmin brings down operational costs

2015-08-27 12:58

Battling from an ever decreasing share price, Lonmin says it has managed to stem the cost of mining the platinum group of metals.

Low international prices hit Zimplats earnings

2015-08-03 09:10

Impala Platinum's Zimbabwe-based unit Zimplats has reported a 41% revenue drop for the quarter ended June 30 on depressed international prices.

Lonmin says 6 000 jobs at risk in proposed restructuring

2015-07-24 07:33

Lonmin says it was planning to close or mothball several mine shafts, putting 6 000 South African jobs at risk, because of depressed metal prices.

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