Lonmin plans to cut 4 100 workers as it closes platinum mines

2019-05-21 05:01

Lonmin plans to cut 4 100 workers at mines that have run out of profitable ore and are being closed.

TECHNICAL ANALYSIS: Platinum stocks seen to hold more value in coming weeks

2019-04-17 08:32

The rand platinum price, which dominates how local platinum stocks will fare, has broken out of a large basing chart pattern, suggesting an upside in platinum stocks.

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.

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.

Palladium still hasn't peaked

2019-02-17 10:56

Platinum’s lesser-known cousin keeps going from strength to strength, says David Fickling.


2018-12-04 11:00

IT is safe to say that rapper and Family Tree kingpin Cassper Nyovest bossed this past weekend.

Zimbabwe Platinum miners plan base-metal refinery, minister says

2018-11-11 12:25

Platinum miners in Zimbabwe plan to jointly develop a base-metal refinery in the country, Mines Minister Winston Chitando has said.


2018-10-24 07:29

“We are proud of what has been achieved through this partnership.”

Minerals Council SA hopes Mandela Platinum Coin will rival Krugerrand

2018-10-05 11:57

The industry employers body hopes the proposed Mandela Platinum Rand - in honour of the late statesman’s centenary year - will become as popular as the Krugerrand.

Northam announces 5.8% rise in headline earnings

2018-09-07 09:05

The miner said the price of platinum had declined by 5% in dollar terms over the past financial year, and it was expecting a surplus of platinum for the 2018 calendar year.


Military stake stymies R57bn Zim platinum project

2019-05-15 12:40

A plan to build Zimbabwe’s biggest platinum mine at a cost of about $4bn, about R57bn, is floundering because a military stake in the project has deterred potential backers, according to people familiar with the funding discussions.

Zimbabwe, Russia finalise deal for R55bn platinum mine

2019-04-10 15:31

Zimbabwe has signed an agreement with Russia to build a new platinum mine in the southern African country, finalising a deal that’s stalled since 2014.

RBPlat share price takes a knock despite boost in platinum output

2019-03-05 14:12

Royal Bafokeng Platinum has reported 25.8% increase in normalised earnings to R166.5m, despite headline earnings taking a substantial 54.2% knock.

Anglo Platinum hikes dividend as palladium surge boosts cash

2019-02-18 19:37

Platinum prices are languishing near decade lows, yet investors in the number one supplier of the metal haven’t had it this good for years.

Lonmin to delay 12 600 job cuts as conditions improve

2019-02-08 12:55

The platinum miner has delayed placing some of its shafts on care and maintenance due to improved market conditions.

Platinum's surplus to persist in 2019 despite demand growth

2018-11-30 11:01

Platinum will remain in surplus in 2019, albeit a smaller one than this year, as the industry continues to grapple with declining demand from the automotive sector.

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.


2018-10-23 12:30

Gqom heavyweights Distruction Boyz recently shared a major achievement.

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.

Maseve acquistion weighs on Royal Bafokeng Platinum's earnings

2018-08-06 17:46

Royal Bafokeng Platinum's acquisition of Maseve contributed to a loss per share of 12.4 cents for the period.

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.