Tharisa has right to sell all of $4.2bn Zimbabwe platinum mine

2019-10-17 16:00

Tharisa, the publicly traded South African platinum and chrome miner run by the Pouroulis family, has the right to take over a platinum mine project in Zimbabwe that could ultimately cost $4.2bn.

If you bought Implats at the start of the year, your money would have almost tripled – here are the other big winners (and losers) in 2019

2019-10-07 08:05

In dollar terms, the JSE has been one of the worst performers in the world this year.

Higher metal prices lift Implats earnings

2019-09-05 12:02

Higher metal prices saw Impala Platinum revenue surge 36% to R48.6bn, as the restructuring of its Rustenburg operations gained traction, the company said on Thursday as it delivered in annual financial results.

The JSE just had its best first quarter in 12 years – despite meltdowns in Aspen, Mr Price, and Shoprite

2019-04-01 14:45

The first quarter of 2019 was painful for investors in many companies which make their money from SA consumers, but the bourse in general didn't share their pain – in part thanks to mining shares.

Implats plans to build palladium mine in 2021 on bullish outlook

2019-02-28 20:31

Impala Platinum plans to start building a new palladium mine that could begin producing as soon as 2024 as the company’s outlook for metals turns bullish.

Implats shares rise 7% as profit jumps

2019-02-28 12:30

Implats has announced a headline profit of R2.23bn for the six months ended December 31 2018, compared to losses of some R150m in the previous comparable period.

Top platinum mines keep digging even as price at decade low

2018-09-14 11:28

Platinum prices are languishing near the lowest in a decade, but the biggest miners are barely cutting production.

Sword of Damocles hangs over miners' heads

2018-08-19 06:03

Only a fifth of those who could lose their jobs at South Deep mine, western Johannesburg, would be able to find other jobs.

Mantashe must wear the hat of conviction

2018-08-12 06:00

Mineral Resources Minister Gwede Mantashe last week expressed surprise and shock that Impala Platinum, which plans to lay off 13 000 mine workers, cares more about profit than it does about its people.

Amcu warns Implats: Gloves will be off should job cut talks fail

2018-08-07 11:21

"We will hit where it matters most... [the] gloves will be off,” Joseph Mathunjwa, president of the Association of Mineworkers and Construction Union has warned Impala Platinum over looming job losses.


Implats to buy Canadian miner for more than R11bn

2019-10-07 17:57

It owns a fully mechanised mine with a "low labour complement".

Implats, Sibanye charge back into Top 40 - while Aspen, Sappi drop out

2019-09-06 08:53

Implats has been in and out of the Top 40 index over recent years.

SA platinum giants bolster positions before wage talks begin

2019-07-09 05:30

When the world’s biggest platinum miners sit down to hammer out a wage deal this week, they’ll hold two potentially winning cards in reserve: the cash and metal stockpiles to endure a strike.

Palladium tops $1 600 as metal sets new highs on supply shortage

2019-03-20 07:50

The price of the metal - mainly used in autocatalysts in gasoline vehicles - has almost doubled from a recent low in August.

TECHNICAL ANALYSIS: Implats shares show possible uptrend

2019-02-28 18:55

Impala Platinum has come out with positive earnings and its price continues to move higher, in what is a very solid uptrend. The good news is there are still significantly higher levels to come.

Implats: Rustenburg job cuts going ahead

2018-10-31 11:50

Impala Platinum says its restructuring process - which would see 1 500 job cuts - is going ahead, including the disposal of its loss-making 1 Shaft.

Implats restructuring plan hits earnings

2018-09-13 13:26

Impala Platinum’s restructuring plan has impacted earnings, with the company reporting a full year loss of R10.8bn.

Mantashe slams job losses, 'backward' leadership at Gold Fields

2018-08-15 16:05

Mineral Resources Minister Gwede Mantashe has slammed Gold Fields management over its planned retrenchments, saying the job losses reflect "backward" leadership and scapegoating.

INSIDE LABOUR: Unemployment, malnutrition and decolonisation

2018-08-10 07:30

As SA faces job losses in the mining, poultry and sugar sectors, Terry Bell writes that with increased economic hardship comes the crippling reality of malnutrition.

Mantashe says plan by Implats to cut 13 000 jobs is 'unethical and reckless'

2018-08-03 18:44

Minerals Resources Minister Gwede Mantashe has labelled as 'unethical and reckless' a decision by platinum miner Implats to slash 13 000 jobs in a restructuring process aimed at boosting income.

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