Life’s good for Implats

2019-10-17 10:09

It seems that Impala Platinum is currently generating plenty of cash. So much so, that it may not require bridging finance to follow through with its plans to purchase North American Palladium.

SA platinum mines brace for 'substantial' wage demands

2019-06-13 07:59

The Association of Mineworkers and Construction Union is meeting its members across the country’s Platinum Belt this week, before presenting demands to seven producers, Secretary General Jeffrey Mphahlele has said.

AMCU's firebrand leader is headed for a showdown with govt

2019-04-29 12:05

One of the most polarizing figures in South African mining, union leader Joseph Mathunjwa has never hesitated to go head-to-head with powerful CEOs. Now he may have to face down the government.

Zimbabwe's biggest platinum miner says local listing won't work

2018-04-06 07:09

Impala Platinum has said Zimbabwe’s plan to compel mining companies to list the on the local exchange isn’t feasible, and would impede operators’ ability to grow and invest in their assets.

Lonmin's woes make its stock the top sell call on JSE

2017-09-12 07:48

Lonmin is struggling to find admirers among analysts, who have doubled the number of sell recommendations on its Johannesburg stock in the past two years.

Lonmin prices rights issue at 1 pence a share

2015-11-09 10:20

Platinum producer Lonmin has priced its R5.78bn rights issue at a 94% discount as the firm fights for survival in the face of depressed commodity prices.

Zambezi to help Northam on platinum deals

2015-05-11 11:07

Zambezi Platinum plans to help Northam make acquisitions and expand operations after paying R4.6bn as part of a deal for a 31.4% stake in the SA mining company.

Standard Bank sued over platinum price fixing

2014-11-27 15:40

Four companies sued in the US over claims that they conspired for eight years to manipulate prices for the precious metals platinum and palladium.

Platinum strike to drive up price over time

2014-02-18 21:52

A face-off between platinum producers and striking miners has had negligible impact on metals prices so far, but that is likely to change if the action grinds on.

Against all odds

2010-04-23 06:00

IF ANY FURTHER evidence were required that resources represent an important home for investment dibs in years to come, then look no further than Platmin. Who? Platmin is the R4,3bn platinum junior mining company Brian Gilbertson's Pallinghurst Resources seized control of about 18 months ago. It may be a year behind its scheduled production profile - and only produced 28 000oz of platinum over the past calendar year - but Gilbertson was somehow able to persuade the world's third largest pension f


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.

Platinum miners brace for labour clash in early Ramaphosa test

2019-05-14 07:54

When the world’s biggest platinum miners sit down with labour unions this month to negotiate a three-year wage deal, it could prove an early test of Cyril Ramaphosa’s new presidency.

First mining production increase in four months - Stats SA

2018-08-14 14:54

The most important contributor to the mining production increase in June was the platinum group metals, says Statistics SA.

SA-linked miner drops Marc Faber after racist rant

2017-10-18 14:42

The Canadian-headquartered mining company developing a platinum mine in South Africa has forced one of its directors to resign over racist and pro-slavery comments.

Platinum wage deal a boon for SA - Moody's

2016-11-07 18:45

Ratings agency Moody’s lauded South Africa’s three-year wage agreement in the platinum sector as a “credit positive” for the mining sector and the economy as a whole.

Amplats sells Rustenburg mines to Sibanye for R4.5bn

2015-09-09 09:44

Anglo American Platinum has sold Rustenburg Platinum Mines to Sibanye Gold for R4.5bn.

Leading analyst: What to expect from gold, platinum prices

2014-12-04 14:43

Alec Hogg and leading precious metals analyst David Jollie discuss issues in the light of the gold price drop and Anglo Platinum’s expectation of a profits dip.

Amcu, producers haggle over wage offer

2014-04-24 17:53

The world's top platinum producers and the Association of Mineworkers and Construction Union are haggling over the latest pay offer tabled by the companies.

NUM vows to continue platinum sector strikes

2014-01-14 11:21

The National Union of Mineworkers will continue with "peaceful, bloodless and effective legal" striking in the platinum sector, according to the union.

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