Hard-pressed Zim miners invest $211m in 2017

2017-12-08 21:27

Zimbabwean mining companies have injected $211m in 2017 to sustain operations and ramp up production.

Amplats shares fall on R1.3bn loss

2017-07-24 12:11

Anglo American Platinum shares have fallen nearly 3% as the miner reported a loss of R1.3bn for the six months to end-June 2016, with no dividend declared.

Shorts pile into cash-strapped Lonmin as platinum flounders

2017-06-27 08:37

The last time there was so much short-selling on Lonmin, the platinum miner was weeks away from a life-saving rights issue.

Amplats to sell stake in Union Mine, MASA Chrome

2017-02-15 13:21

Amplats has agreed to sell its 85% interest in the Union Mine in SA and 50.1% interest in MASA Chrome Company to a subsidiary of Siyanda Resources.

SA platinum producers dodge strike bullet

2016-11-01 15:24

The world’s three biggest platinum producers all reached three-year wage deals with the Association of Mineworkers and Construction Union without losing one day to a strike.

Amplats offers to raise workers' basic pay 7%

2016-10-27 16:30

Anglo American Platinum has offered to raise workers’ basic pay by 7% in a deal yet to be ratified by South Africa’s largest union for the industry.

Northam buys mining right from Amplats for R1bn

2016-10-11 09:28

Northam Platinum has agreed to buy a mining right from Anglo American Platinum for R1bn, enabling it to extend the life of the world’s deepest platinum mine beyond 30 years.

PIC wants vote on major Anglo sale plan in SA

2016-09-02 07:04

The PIC will meet Anglo American to discuss whether its plan to sell more than half of its mines including local coal and iron-ore assets is the best option for South Africa.

Amplats sees limited platinum-supply growth as profits dive

2016-07-25 10:30

Anglo American Platinum says growth in supplies of the metal will be limited this year as capital spending is constrained amid low prices.

Amplats sees profit falling on platinum drop, tax adjustment

2016-06-21 11:44

Anglo American Platinum has said first-half profit will probably be at least 20% lower after a tax gain boosted earnings in the previous year.


Making money on the JSE: Five of the best

2017-11-21 06:00

Despite a tough economic environment, it is still possible to make considerable returns on the JSE. Werner Erasmus and Brett Birkenstock discuss five winning shares.

Atlatsa agrees with Amplats on Bokoni mine

2017-07-21 16:22

Atlatsa Resources has entered into a letter agreement with Anglo American Platinum regarding the Bokoni Mine.

Amplats gets leaner and meaner

2017-02-19 06:02

Anglo American Platinum has consummated the last major transaction on its way to becoming a far smaller, but more profitable company.

Amplats reports headline earnings of R1.867bn

2017-02-15 13:14

Anglo American Platinum has announced its results for the year ended 31 December 2016, reporting headline earnings of R1.867bn.

Amcu, Amplats agree on wage deal

2016-10-28 08:38

Anglo American Platinum has signed a three-year wage agreement with union Amcu which makes provision for an annual increase of R1 000 or 7% per month in basic pay.

Amcu to unveil pay demands, R12 500 still on cards

2016-10-24 19:18

The Association of Mining and Construction Workers Union will make public a “comprehensive and final” set of pay and conditions demands for the platinum sector.

NUM calls dispute at Amplats over pay ‘insult’

2016-09-20 19:20

The National Union of Mineworkers has declared a wage dispute after an offer from Amplats which it deemed an “insult.”

Anglo’s sale of nickel mine stalls - sources

2016-08-12 18:52

Anglo American’s attempt to sell a nickel mine in Brazil has stalled because bids from potential suitors are too low, according to people familiar with the situation.

Amplats sees profit drop of up to 70%

2016-07-12 09:50

Anglo American Platinum says its first-half profit probably fell by 50% to 70% after inventory gains weren’t repeated and the dollar price of commodities declined.

Amplats expects 85% fewer job losses

2016-06-01 15:30

Anglo American Platinum has reduced the number of job cuts tied to restructuring at two South African operations by 85%.

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