Sibanye to spend R95m on former Aquarius mines

2016-04-26 14:06

Sibanye Gold plans to spend R95m for the year to end-December 2016 on its newly-acquired platinum business, formerly Aquarius Platinum, says CEO Neal Froneman.

Zimplats slashes capex spend, freezes new labour

2016-02-25 15:15

Low platinum prices and a loss for the six months end-December 31 have forced Impala Platinum-owned Zimplats to cut capital expenditure by 54%.

Zim repays Implats unit $100m, revenues tumble

2016-02-05 13:17

Zimbabwe says it repaid Impala Platinum’s unit in the country about $100m in overpaid royalties, dragging down earnings from the mineral royalties segment by 110%.

Offshoring your portfolio

2016-01-26 09:47

Investment expert Simon Brown offers advice on the options available to investors wanting to take their portfolios offshore.

Zim mining headed for bleak 2016 - chamber

2016-01-11 11:34

The Chamber of Mines of Zimbabwe is anticipating little improvement in production and prices for most metals, despite an easing in power supplies.

Zim platinum miners seek lower royalty fees

2015-12-16 12:08

Zimbabwe should reduce the royalty fee on platinum producers from 10% to help mining firms offset the impact of low prices, says the country's mining chamber.

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.


SA platinum output to drop 2% in 2016 - report

2016-03-04 12:11

Disruption to platinum production - such as strikes and stoppages - will see SA coming out slightly lower in 2016 with a 2% fall in output, according to a report.

Implats expects lower earnings per share

2016-02-15 17:22

Implats expects its headline earnings per share for the half year ended December 31 2015 will be between 50 and 59 cents.

Gideon du Plessis: Mining strike pains. Is half a bread loaf better than none?

2016-01-27 07:09

Solidarity's Gideon du Plessis looks at the mining the sector, with a possible strike at Sibanye Gold and make-or-break platinum wage talks due later this year.

Amplats sees R12bn loss on write-offs

2016-01-25 10:09

Anglo American Platinum will report a bigger-than-expected loss after reporting impairments and write-offs amounting to R14bn.

Fatal accident at Zim mine

2016-01-05 13:54

An employee of Mimosa Platinum was fatally injured while working underground at its mine in Zimbabwe, says the company.

Aquarius, Sibanye holders vote for merger deal

2015-11-30 15:53

Shareholders expect the processing of Sibanye Gold's cash offer for Aquarius Platinum to sail through and say the deal should be done and dusted by April 2016.

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.

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