Impala defends tardy expansion, risks
by David McKay | 26-AUG-10 | 0 comments
Impala Platinum said plans to bring shafts online at its lease area could be "cast in concrete" and that risks associated with Zimbabwe could be managed. Read >Impala lifts div after "worst year"
by David McKay | 26-AUG-10 | 0 comments
David Brown, CEO of Impala Platinum, complained his company suffered one of its worst years ever but nonetheless lifted the total dividend in a sign of better times to come. Read >NUM and Implats settle wage dispute
by I-Net Bridge | 23-AUG-10 | 0 comments
The National Union of Mineworkers has signed a wage deal with Impala Platinum over the weekend. Read >Gold, silver ETN launched on JSE
by Marc Ashton | 11-AUG-10 | 0 comments
A new way to invest directly in commodities, namely gold, silver and platinum, has been launched by Standard Bank. Read >No major Northam earnings fluctuations
by I-Net Bridge | 10-AUG-10 | 0 comments
Platinum producer Northam Platinum expects its full year earnings per share and headline earnings per share to be between 170 and 190 cents. Read >Lonmin shares fall on nickel sales ban
by Reuters | 06-AUG-10 | 0 comments
Shares in Lonmin, the world's third-biggest platinum producer, fell around 3% as analysts say a South African government ban on its sales could be a serious threat to its business. Read >Exxaro chasing down platinum, iron ore
by Allan Seccombe | 05-AUG-10 | 0 comments
With the words 'don't grow yourself to death' ringing in his ears, Exxaro Resources CEO Sipho Nkosi is carefully plotting how to expand the group. Read >Northam loses 7 000oz in shutdown
by Reuters | 30-JUL-10 | 0 comments
Northam Platinum has resumed operations at its Zondereinde mine, after shutting down a shaft last week due an accident that killed two workers. Read >Eastplats lifts output despite dismissals
by I-Net Bridge | 23-JUL-10 | 0 comments
Eastern Platinum dismissed 15 contract stoping crews in May but still managed to keep production in the period on an even keel quarter-on-quarter. Read >Marikana yields higher output for Lonmin
by I-Net Bridge | 22-JUL-10 | 1 comments
Lonmin said third quarter output from its Marikana underground operations yielded a 10.2% increase compared to the same period last year. Read >Platinum juniors take a beating
by Brendan Ryan | 21-JUL-10 | 1 comments
Platinum juniors and explorers are getting battered by current volatile market conditions with Wesizwe Platinum and Platinum Group Metals amongst the worst affected. Read >Northam halts ops at Zondereinde after accident
by Reuters | 21-JUL-10 | 1 comments
Northam Platinum says it has halted production at its Zondereinde mine in Rustenburg after two miners were killed, the latest in a spate of accidents. Read >Aquarius shares recover after DMR meeting
by I-Net Bridge | 20-JUL-10 | 0 comments
Shares in Aquarius Platinum, the world's fourth-largest platinum producer, have risen more than 15% following the company's reassurances that it had a say in how it improved safety at its mines. Read >Aquarius told to reduce bord widths
by I-Net Bridge | 16-JUL-10 | 0 comments
Mining group Aquarius Platinum says its subsidiary Aquarius Platinum has received an instruction that all mechanised bord-and-pillar mines in the North West region are to revise their mine Codes of Practice. Read >Platinum industry moves to lower fatalities
by I-Net Bridge | 15-JUL-10 | 0 comments
South Africa's platinum industry has moved to lower fatalities in the sector. Read >High metal prices to boost AngloPlat earnings
by I-Net Bridge | 13-JUL-10 | 0 comments
Anglo Platinum, the world's largest platinum producer, says it expects to report increased first half earnings on the back of higher metal prices. Read >Aquarius may lose 2,000 oz from Marikana
by David McKay | 08-JUL-10 | 0 comments
Aquarius Platinum said its 4 shaft at the Marikana mine near Rustenburg could be suspended for two weeks cutting output by up to 2,000 ounces. Read >Aquarius suspends output at Marikana
by Reuters | 07-JUL-10 | 0 comments
Aquarius Platinum has suspended production at its Marikana mine following the death of five miners contracted through Murray & Roberts. Read >SA to launch new mining charter on Wednesday
by Reuters | 29-JUN-10 | 15 comments
South Africa will launch a new mining charter on Wednesday to increase black ownership in the sector after the previous agreement failed to do so, the department of Mineral Resources says. Read >Zimbabwe investigates New Dawn, CAG deal
by Reuters | 25-JUN-10 | 1 comments
Zimbabwe is probing New Dawn Mining Corp's acquisition of Central African Gold (CAG), a deal which a top ally of President Robert Mugabe says is against the country's empowerment law. Read >Anooraq to change name
by I-Net Bridge | 25-JUN-10 | 2 comments
Platinum exploration firm Anooraq Resources on Friday announced that it planned to change its name to Atlatsa Resources Corporation to reflect the South African focus of the company. Read >An important milestone approaches
by Brendan Ryan | 18-JUN-10 | 0 comments
End-June is when key black economic empowerment issues in South Africa’s mining sector are supposed to be resolved – the most critical being concerns in funding the deals. Read >Northam hikes Booysendal capex
by I-Net Bridge | 17-JUN-10 | 0 comments
Northam Platinum has increased its capital expenditure estimates for its flagship Booysendal project to R3.6bn. Read >JCI eyes JSE return as it runs short of money
by Allan Seccombe | 04-JUN-10 | 0 comments
JCI, the company pursued for billions of rands by sister company Randgold & Exploration, is running short of cash, but it is looking at a variety of options to raise money. It is looking at a possible resumption of its JSE listing by year-end. Read >Randgold & Exploration's low-key JSE return
by Allan Seccombe | 04-JUN-10 | 0 comments
Randgold & Exploration, which was plundered for billions of rands by Brett Kebble, finally resumes trading on the JSE. New CEO Marais Steyn is keen to revive Randgold's fortunes in resources. Read >Jubilee advances platinum plant plans
by Allan Seccombe | 02-JUN-10 | 1 comments
Jubilee Platinum is moving rapidly to build a commercial plant to treat chrome-rich platinum concentrate, an important development in the South African platinum sector. Read >Nkwe sets JSE date, awaits Xstrata decision
by Allan Seccombe | 27-MAY-10 | 0 comments
Nkwe optimises a bankable study into a R6.5bn-R8.3bn platinum project ahead of a listing on the JSE and Hong Kong. Xstrata must decide if it wants to earn into the project and shoulder the costs. Read >Implats output unaffected by work stoppage
by I-Net Bridge | 25-MAY-10 | 0 comments
Impala Platinum says its production remains unaffected by a work stoppage at its 12 Shaft operation in Rustenburg. Read >Wesizwe's R6.6bn China option in the balance
by Allan Seccombe | 24-MAY-10 | 2 comments
Shareholders in platinum junior Wesizwe will decide in the next three months whether to go ahead with a R6.6bn capital injection that will see a Chinese consortium take control of the company. Read >Lonmin extends main furnace shut down
by Allan Seccombe | 24-MAY-10 | 1 comments
Lonmin is to step up toll-treatment arrangments after it extended the month-long shut down of its Number One furnace by up to 30 extra days after earlier repairs failed. Read >Wesizwe secures R6.6bn Chinese funding
by Allan Seccombe | 24-MAY-10 | 5 comments
Wesizwe secures financing of R6.6bn to build a mine. The funding will come from a Chinese consortium, comprising Jinchuan Group and the China Africa Development Fund, and which will take a 51% stake in Wesizwe. Read >SA needs $6.4bn for mine rehabilitation
by Reuters | 21-MAY-10 | 1 comments
South Africa needs $6.4bn to rehabilitate 6,000 defunct mines. Read >Impala confirms work stoppage at its 12 Shaft
by I-Net Bridge | 21-MAY-10 | 1 comments
Impala Platium Holdings, the world's second largest platinum producer, has confirmed a work stoppage at the company's 12 Shaft operation in Rustenburg. Read >SA state miner mired in more controversy
by Brendan Ryan | 21-MAY-10 | 6 comments
South Africa's state mining firm targets another environmentally sensitive area for exploration, the latest in a string of controversial decisions. Is it being taken on a merry dance? Read >JM bullish on platinum
by Brendan Ryan | 18-MAY-10 | 0 comments
UK metals firm Johnson Matthey is bullish on prospects for both platinum and palladium during 2010 and has predicted the platinum price could reach $2,000/oz. Read >Implats MarchQ output slides 4pct
by I-Net Bridge | 17-MAY-10 | 0 comments
Impala Platinum has reported a 4% dip in quarter-on-quarter platinum production to 368 000 ounces due to pipeline movements. Read >Angloplat earnings seen 20pct higher
by I-Net Bridge | 17-MAY-10 | 0 comments
Anglo Platinum has advised that its first half basic earnings per share and headline earnings per share were expected to increase by at least 20%. Read >Aquarius Pt ships concentrate from Everest
by I-Net Bridge | 17-MAY-10 | 0 comments
Aquarius Platinum said it had shipped concentrate from its recently reopened Everest mine some three months ahead of schedule. Read >Platinum rights squabble at Absolute
by Brendan Ryan | 17-MAY-10 | 5 comments
Dennis Tucker's new platinum exploration company Bauba - formerly Absolute Holdings - is already butting heads with other platinum companies including industry leader Anglo Platinum. Read >Shanduka faced with overhauling history
by David McKay | 16-MAY-10 | 0 comments
The recapitalisation of Incwala had been coming for a while. Now with Shanduka Resources in the driving seat, how will it avoid the problems of the past? Read >Platmin's project costs creep higher
by Allan Seccombe | 14-MAY-10 | 1 comments
Costs are nudging higher at Platmin's Pilanesberg platinum project as it targets 160,000 oz of platinum group metals this year and full production in early 2011. Read >Platinum miners unaffected by Zim strike
by Reuters | 14-MAY-10 | 0 comments
Platinum producers appear to escape the brunt of a wage strike in Zimbabwe which is hitting the gold sector hard. Read >Platinum may hit $2,000/oz in 6 months-JM
by Reuters | 14-MAY-10 | 0 comments
Rising investment may take platinum to $2,000 an ounce in the next six months, its highest since mid-2008, Johnson Matthey said in an annual report. Read >Platmin raises $250m of new equity
by I-Net Bridge | 14-MAY-10 | 0 comments
Platinum miner Platmin says it has successfully raised $250m of new equity and $135m of convertible debentures. Read >Eastplats Mar Q output slumps 7%
by I-Net Bridge | 12-MAY-10 | 0 comments
Toronto, AIM and JSE-listed Eastern Platinum has reported a net profit attributable to equity shareholders of $824 000 for the quarter ended March 2010. Read >The Bafokeng's royal platinum play
by Brendan Ryan | 11-MAY-10 | 0 comments
The Royal Bafokeng Nation is about to reach a hugely significant milestone with the listing on the JSE later this year of its own platinum company. Read >Lonmin swings to profit in first half
by Reuters | 10-MAY-10 | 0 comments
Lonmin has reported an about turn in half year profits by posting first half earnings per share of 15.5 US cents, compared to a first half loss per share of 67.9 US cents for the first half of the previous year. Read >Shanduka seizes control of Incwala
by David McKay | 10-MAY-10 | 0 comments
Shanduka Resources is to pay R2.8bn in cash and debt in return for a 50.03% stake in Incwala Resources, the struggling empowerment initiative first rolled out by Lonmin in 2004. Read >Platinum ETF for South Africa
by Reuters & Miningmx reporter | 07-MAY-10 | 0 comments
South Africa's bourse will launch a platinum exchange-traded fund in coming months to capitalise on demand for commodities. Read >Six workers die on SA mines
by Reuters | 06-MAY-10 | 0 comments
Six workers die on South African mines this week. Read >Platmin raises $250m of new equity
by I-Net Bridge | 06-MAY-10 | 1 comments
Platinum junior Platmin, which is developing mines in South Africa, has raised $250m in new equity. Read >Zimplats profit up despite output falling
by Reuters | 03-MAY-10 | 0 comments
Zimplats' metal output falls, but profits rise on firmer metal prices. Read >Mine firms may have to "facilitate" BEE deals
by Allan Seccombe | 30-APR-10 | 4 comments
UPDATED - Minimum levels of facilitation may be set for mining companies in South Africa to financially assist black partners in empowerment deals after the general failure to create wealth in the first wave of transactions. Read >SA 'richest' country in the world
by Sake24 | 28-APR-10 | 8 comments
South Africa has the biggest mineral reserves of any country, according to research by the American banking group Citigroup. Read >ENRC buys Northam stake for R2.2bn
by Allan Seccombe | 26-APR-10 | 0 comments
ENRC is to buy a 12.2% stake in Northam Platinum from Mvelaphanda Resources for R2.2bn in cash, leaving the way clear for the latter to begin an unbundling process. Read >IDC denies Wesizwe shares discount
by Andile Ntingi | 26-APR-10 | 0 comments
The IDC has shed some light on its involvement in a series of transactions that led to the sale of Wesizwe platinum shares belonging to the Bakubung community. Read >Holland resorts to merger heroics
by David McKay | 25-APR-10 | 2 comments
Some doubt Gold Fields can separately list its South African assets or combine them with AngloGold Ashanti's local mines. So what's the beef with Nick Holland's "high level talks"? Read >Wesizwe, PTM close critical deal
by Allan Seccombe | 23-APR-10 | 1 comments
Wesizwe and Platinum Group Metals have cleared the final hurdle that will allow them now to finalise deals to finance their platinum mines, which may include bringing in strategic partners. Read >Tougher empowerment enforcement in SA
by Allan Seccombe | 22-APR-10 | 13 comments
South Africa will crack down on mining firms not racially transforming their businesses as the government advances its involvement in the sector and tries to position the industry for growth. Read >GFMS sees firm platinum price
by Brendan Ryan | 22-APR-10 | 0 comments
Gold Fields Mineral Services (GFMS) predicts continued strength in both platinum and palladium prices this year driven by investment demand and economic recovery. Read >Anglo turnaround strategy bears fruit
by Allan Seccombe | 22-APR-10 | 0 comments
Anglo American puts out a set of quarterly production numbers that are better than two of its peers, showing the painful turnaround strategy is starting to pay off. Read >Angloplat maintains target, sees market deficit
by Allan Seccombe | 22-APR-10 | 0 comments
Anglo Platinum maintains its full-year production target of 2.5 million oz despite a quarter-on-quarter fall in output. It expects the platinum market to show a deficit this year on the back of strong demand. Read >Platinum surges to two-year high
by Reuters | 21-APR-10 | 0 comments
Platinum surges to a two-year- high on strong auto demand and investor interest. Read >Zimbabwe says firm takeovers start with mines
by Reuters | 21-APR-10 | 0 comments
Zimbabwe's controversial policy of transferring majority control of foreign-owned firms to black Zimbabweans will begin in the key mining sector. Read >Foreigners heed Zimbabwe ownership rules
by Reuters & Miningmx reporter | 20-APR-10 | 2 comments
UPDATED - Impala Platinum is amongst 'hundreds' of foreign-owned firms to submit plans to meet empowerment requirements at their Zimbabwe units despite confusion over affirmative action laws. Read >Strike threat to SA ports, rail
by Reuters | 20-APR-10 | 0 comments
Failed wage talks could cripple South African port and rail infrastructure, warns a transport union. Read >SA slides in global mining rankings
by Dewald van Rensburg | 20-APR-10 | 1 comments
A global survey shows South Africa is fast becoming one of the least popular destinations for mining investment. Read >Community faction confronts Wesizwe
by Allan Seccombe | 19-APR-10 | 2 comments
A small group of disgruntled community members march on Wesizwe. Questions are asked if this is merely a desperate diversion tactic in light of a court bid to reveal the whereabouts of some R500m. Read >Platmin bolsters its war chest by $250m
by Allan Seccombe | 19-APR-10 | 0 comments
Platmin bolsters its war chest with $250m as its consolidation plans take shape in the South African platinum sector. Read >Battle heats up for platinum assets
by Andile Ntingi | 18-APR-10 | 3 comments
The acrimonious fight for control of platinum riches belonging to a North West tribe, the Bakubung-Ba-Ratheo, which is the empowerment partner of Wesziwe, is deepening. Read >Platinum supply side constraints remain: IAM
by I-Net Bridge | 15-APR-10 | 0 comments
Platinum's supply side remains constrained, Investec Asset Management (IAM) says. Read >Concerns about SA mining standards
by Sapa | 14-APR-10 | 0 comments
Companies not adhering to basic safety standards is one of the biggest problems in South African mining, says DuPont after 24 people are killed so far this year. Read >Zimbabwe suspends majority local-ownership rules
by Reuters | 14-APR-10 | 0 comments
Zimbabwe suspends rules compelling foreign-owned companies to sell a 51% stake to local people. Read >AngloPlat considers raising output
by Brendan Ryan | 13-APR-10 | 0 comments
Anglo Platinum CEO Neville Nicolau says the group may increase production by up to 200,000oz of platinum this year in response to improving market conditions. Read >SA mining potential crippled, solutions sought
by Allan Seccombe | 13-APR-10 | 4 comments
South Africa's mining sector forfeited billions of rands because of a host of problems that have been identified which, if resolved, could add another 100,000 jobs to the industry and bump up output. Read >Eastplats loss narrows
by I-Net Bridge | 31-MAR-10 | 0 comments
EASTERN Platinum (Eastplats) on Wednesday reported a full year net profit attributable to equity shareholders of $5.7m compared to a net loss of $209.4m previously. Read >Changes pending for SA mining laws
by Allan Seccombe | 31-MAR-10 | 3 comments
The first of a tough round of talks about the health of the South African mining sector ends ahead of changes to the mining charter and a raft of amendments to legislation early next year to make the industry more competitive. Read >Wesizwe hunts partner, clears Solomon
by Allan Seccombe | 31-MAR-10 | 9 comments
Wesizwe hunts for a partner to develop its platinum project after its CEO Mike Solomon is cleared of any financial impropriety, clearing the air after a heated boardroom battle last year. Read >Lonmin shuts main furnace for month
by Allan Seccombe | 30-MAR-10 | 0 comments
Lonmin shuts its perenially problematic key furnace for a month but offsets production losses by starting up three smaller furnaces. Read >Jubilee Platinum H1 loss narrows
by I-Net Bridge | 30-MAR-10 | 0 comments
Mining exploration and development company Jubilee Platinum, has reported the narrowing of its first half headline loss to 0.11 pence a share from 0.37 pence a share the year before. Read >Angloplat sees a more "moderate" dividend policy
by Allan Seccombe | 29-MAR-10 | 1 comments
Anglo Platinum is learning from the past, so when it resumes dividend payments it will adopt a more 'moderate' policy, says its financial director. Read >Angloplat has 'more balanced cap structure'
by I-Net Bridge | 29-MAR-10 | 0 comments
Resources giant Anglo American says Anglo Platinum, the world's largest platinum producer, has a more balanced capital structure following its R12.5bn rights issue. Read >Angloplat rights offer fully subscribed
by I-Net Bridge | 29-MAR-10 | 0 comments
Anglo Platinum, the world's largest platinum producer, says 99.5% of its rights offer shares had been subscribed for under its R12.5bn rights offer. Read >SA mining gears up for major talks
by Allan Seccombe | 29-MAR-10 | 1 comments
South Africa's mines minister concedes the sector took its eye off the ball and missed the last commodities boom. The sector is meeting this week to make sure that doesn't happen again. Read >Temasek invests $100m in Platmin
by Allan Seccombe | 29-MAR-10 | 1 comments
UPDATED - Singapore's Temasek invests $100m in Platmin, marking what promises to be the first of a number of investments in South Africa. Platmin is to raise a further $250m in a rights issue. Read >Oh dear, is this an Angloplat own goal?
by Allan Seccombe | 26-MAR-10 | 6 comments
Anglo Platinum takes the unusual step of barring the media from its annual general meeting, immediately prompting a question of why. Apart from large fee increases for its directors there's nothing immediately obvious. Read >Jubilee Platinum H1 loss expected to narrow
by I-Net Bridge | 26-MAR-10 | 0 comments
Jubilee Platinum expects its loss per share and headline loss per share for the six months to end December 2009 to be between 70% and 73% lower compared to the previously reported corresponding period. Read >Pallinghurst steps up its game
by Miningmx | 18-MAR-10 | 0 comments
The MiningMX team delves deeper into the improved results of Gem Diamond and looks at Pallinghurst Resources’ scope for growth. Time:21:17 Read >Pallinghurst maps aggressive growth plans
by Allan Seccombe | 17-MAR-10 | 0 comments
Consolidation is the name of the game for Pallinghurst as it seeks to carve a meaningful role for itself in platinum and iron ore. It has aggressive growth plans around manganese and gemstones too. Read >Sovereign risk fears drives gold higher
by Reuters | 15-MAR-10 | 0 comments
Rising fears over sovereign debt after a Moody's report and a currency row between China and the United States prompts buying of gold. Read >South Africa slips to 4 in gold rankings
by Allan Seccombe | 12-MAR-10 | 5 comments
South African gold output falls nearly six percent in 2009 to 205 tonnes, leaving it in fourth place in global stakes. Read >Phiri to head new platinum firm
by Brendan Ryan | 10-MAR-10 | 0 comments
Merafe Resources CEO Steve Phiri will step down at the end of March to become CEO of Royal Bafokeng Holdings' (RBH) new platinum company. Read >Ownership laws threaten Zim recovery
by AFP | 08-MAR-10 | 0 comments
New ownership laws could undermine Zimbabwe's fragile economic recovery. Read >Glencore exercises Prodeco coal option
by I-Net Bridge | 05-MAR-10 | 0 comments
Global diversified miner Xstrata, which has alloys, coal and platinum operations in South Africa, says it has received formal notification from Glencore International informing its of Glencore's exercise of its option to acquire the Prodeco coal operations. Read >Platinum Aus. to resume mining next week
by Miningmx reporter | 04-MAR-10 | 0 comments
Platinum Australia says this week's strike should be over by Monday as a contractor grapples with its workers. The platinum junior's shares have taken a smack. Read >Smokey Hills strike halts most operations
by I-Net Bridge | 03-MAR-10 | 0 comments
Platinum Australia, the Australian exploration firm developing platinum projects in South Africa, reports that strike action at its Smokey Hills mine in SA has halted almost all operations at the mine. Read >Sun rising on SA platinum sector
by Brendan Ryan | 03-MAR-10 | 6 comments
The South African platinum sector is starting to look up again, but what are the challenges and which stocks should investors be watching. Read >Anooraq, Ivanplats settle dispute
by I-Net Bridge | 23-FEB-10 | 0 comments
Platinum exploration firm Anooraq says it has settled a dispute with Ivanplats over an agreement relating to the Rietfontein property located on the northern limb of the Bushveld Igneous Complex in South Africa. Read >Northam to spend R3.05bn on Booysendal
by I-Net Bridge | 23-FEB-10 | 0 comments
Mid-tier platinum producer Northam Platinum has confirmed that it is planning to spend R3.05bn on the development of its company-transforming Booysendal project. Read >Northam forges ahead on Booysendal
by Allan Seccombe | 23-FEB-10 | 0 comments
UPDATE - Northam Platinum approves R340m spend for its R3bn Booysendal project ahead of the start of construction in July. The rand batters the company's interim results. Read >Patrice Motsepe targets Zimbabwe
by Brendan Ryan | 22-FEB-10 | 1 comments
Patrice Motsepe let the cat out of the bag at Monday's ARM results briefing when he unwittingly revealed the group's plans for Zimbabwe which had been kept under wraps until now. Read >AngloPlat finalises terms of rights offer
by I-Net Bridge | 19-FEB-10 | 0 comments
Anglo Platinum says that all conditions precedent to its R12.5bn rights offer, announced on February 8, have now been fulfilled. Read >Anglo battle-scarred by tough 2009
by Allan Seccombe | 19-FEB-10 | 2 comments
Anglo American is battered by a tough 2009, withholding its dividend over to 2010, laying off more than 23,000 people and seeing a hefty cost jump at one of its key growth projects. Read >Dunne appointed to Implats Board
by I-Net Bridge | 16-FEB-10 | 0 comments
Impala Platinum says that Paul Dunne has been appointed an executive director to the Implats board with immediate effect. Read >Tucker and Pienaar go for platinum
by Brendan Ryan | 15-FEB-10 | 1 comments
Former mining analyst turned corporate financier Dennis Tucker has teamed up with former Mvela CEO Pine Pienaar to develop a platinum exploration play using JSE-listed Absolute Holdings. Read >Aquarius back in the black
by Brendan Ryan | 11-FEB-10 | 0 comments
Aquarius Platinum has signalled better times to come with the declaration of its "modest" interim dividend on the back on a return to profitability in the six months to end-December. Read >Pan African to up PGM resource
by Brendan Ryan | 10-FEB-10 | 0 comments
Pan African Resources says it wants to increase the size of its platinum group metals resource from 405,000 to 1million ounces within the next six months. Read >AngloPlat turns the corner
by Brendan Ryan | 08-FEB-10 | 7 comments
CEO Neville Nicolau reckons the operational turnaround at Anglo Platinum is sustainable and the market believes him judging by favourable analyst responses and the jump in the share price. Read >Angloplat cuts 23% of workforce since 2008
by I-Net Bridge | 08-FEB-10 | 0 comments
Anglo Platinum, the world's largest platinum producer, has reduced its workforce by 23% since July 2008. Read >AngloPlat to raise R12.5bn
by Brendan Ryan | 08-FEB-10 | 0 comments
Anglo Platinum will raise R12.5bn to help pay down its R22.8bn of debt and the offer will be fully underwritten by parent Anglo American which has committed to following all its rights. Read >Jubilee, Sylvania jointly create new firms
by I-Net Bridge | 04-FEB-10 | 0 comments
Junior platinum firm Jubilee Platinum and Sylvania Resources, the platinum group metals producer, say that they plan to set up two new companies to hose their smelting and processing activities. Read >If Solomon did wrong, he's gone
by Allan Seccombe | 03-FEB-10 | 0 comments
If Mike Solomon is found to have violated corporate governance rules he will be disciplined and could be removed from his position as Wesizwe's CEO, says new chairman Dawn Mokhobo. Read >Bernard Swanepoel's first platinum play
by Allan Seccombe | 29-JAN-10 | 5 comments
Village Main Reef Gold Mining Company, which has Bernard Swanepoel as a director, is issuing R411m worth of shares to buy a controlling stake in a platinum project. Read >Aquarius reports a "very satisfactory" quarter
by I-Net Bridge | 28-JAN-10 | 0 comments
Aquarius Platinum's attributable production up 16% to 112,359 oz. Read >Lonmin bumps up grades, recoveries
by Allan Seccombe | 28-JAN-10 | 0 comments
Glimmers of light are showing at Lonmin as it rectifies its mining methods and bumps up concentrator recoveries in a difficult three months. It sticks to its 700,000 oz full-year platinum target. Read >Platinum, palladium shine in 2010-11
by Reuters | 27-JAN-10 | 0 comments
Platinum, palladium shine in 2010-11; demand blooms. Read >Platinum, palladium ETF holdings soar
by Reuters | 25-JAN-10 | 0 comments
Holdings of platinum and palladium in a new US ETF rise strongly. Read >Wesizwe reiterates cautionary announcement
by I-Net Bridge | 22-JAN-10 | 0 comments
Black-owned platinum explorer Wesizwe Platinum has moved to issue a renewal of a cautionary announcement. Read >Workers held "hostage" at Two Rivers - NUM
by I-Net Bridge | 20-JAN-10 | 1 comments
NUM says workers are being held hostage at Two Rivers. Read >Platinum junior prices run
by Brendan Ryan | 20-JAN-10 | 1 comments
Shares in Eastern Platinum, Mvelaphanda Resources and Anooraq Resources have continued to jump in response to the firmer platinum price. Read >Drastic steps needed to reach safety target
by I-Net Bridge | 20-JAN-10 | 0 comments
Huge challenges for South African mines to reach zero fatalities by 2013. Read >Anooraq finishes R118m upgrade
by I-Net Bridge | 19-JAN-10 | 0 comments
Platinum exploration firm Anooraq Resources has completed its R118m concentrator plant upgrade project at its Bokoni Platinum Mines. Read >Platinum and palladium prices rocket
by Reuters | 19-JAN-10 | 0 comments
Investment demand fuels rally in platinum prices to an 18-month high and palladium to a 17-month peak. Read >Fairfax bullish on commodities
by Brendan Ryan | 19-JAN-10 | 0 comments
UK broking firm Fairfax has upped some of its 2010 commodity price forecasts, calling platinum and copper markedly higher. Read >Anglo Platinum's profits tumble
by Allan Seccombe | 15-JAN-10 | 2 comments
Anglo Platinum's shares slide after it warns headline earnings could fall by as much as 99% for the full year. The strong rand weighs heavily despite improved sales volumes. Read >Platmin reports $9.2m loss
by I-Net Bridge | 14-JAN-10 | 0 comments
Platinum junior Platmin has reported a net loss of $9.2m, or loss per share of $0.02, for the nine months to end November 2009. Read >Eastplats hits record output
by I-Net Bridge | 14-JAN-10 | 0 comments
Eastern Platinum has reported a record production from the Crocodile River Mine. Read >Platmin eyes growth as output ramps up
by Allan Seccombe | 14-JAN-10 | 0 comments
Platinum junior Platmin sets early 2011 for steady-state production at its first project and its chairman, Brian Gilbertson, is pushing hard for growth in the company. Read >SA platinum sector shows "signs of life"
by Nicole Rego | 13-JAN-10 | 0 comments
TWP is seeing signs of life in the development of projects in the South African platinum sector, but a strong rand and access to finance are still a cause for concern. Read >New Wesizwe chairman cracks the whip
by Allan Seccombe | 12-JAN-10 | 1 comments
Wesizwe appoints Dawn Mokhobo as its chairman and identifies corporate governance as a priority after a damaging boardroom battle that may have alarmed potential financiers. Read >Eastplats fires up Crocette project
by I-Net & Miningmx | 12-JAN-10 | 0 comments
Eastern Platinum said it would dust off its Crocette project which would add 50,000 oz/year of platinum group metals to its Crocodile Mine. Read >Platinum in spotlight after U.S. ETF launch
by Reuters | 11-JAN-10 | 0 comments
An American platinum-backed ETF may help stabilise the price of the metal, which is expected to rise this year. An upswing in the economic cycle is seen lifting car demand. Read >Platinum returns to 16 month high
by Reuters | 11-JAN-10 | 0 comments
Precious metals picked up their heads on Monday, particularly platinum which moved to price levels last seen in August 2008. Read >Platinum returns to 16 month high
by Reuters | 11-JAN-10 | 0 comments
Precious metals picked up their heads on Monday, particularly platinum which moved to price levels last seen in August 2008. Read >Resources was 'belle of ball' in '09
by I-Net Bridge | 08-JAN-10 | 0 comments
The JSE's resources index gained 82.9% since its low in November with another startlingly good performance in the fourth quarter of calendar 2009. Read >Swiss bank to launch platinum ETP
by Reuters | 06-JAN-10 | 0 comments
Julius Baer, a Swiss bank, said it would launch a platinum backed exchange traded product on January 8. Read >Platinum charges ahead
by Brendan Ryan | 06-JAN-10 | 0 comments
SA platinum shares have jumped in response to rising dollar platinum and palladium prices but investors need to take into account the impact of the strong rand. Read >Mvela Resources says suitors are likely
by Reuters | 06-JAN-10 | 0 comments
Mvelaphanda Resources said it expected to receive bids for its key platinum asset, the 64% owned Northam Platinum. Read >Platinum stocks top performers in 2009
by Svetlana Doneva | 28-DEC-09 | 0 comments
Platinum stocks were the biggest gainers in 2009 after suffering an annus horribilis in 2008, according to data provided by McGregor BFA. Diamond stocks did the worst. Read >Lonmin on recovery track
by Brendan Ryan | 15-DEC-09 | 0 comments
Troubled platinum producer Lonmin is turning around but chairman Roger Phillimore has highlighted a number of challenges - in particular labour's demands for above inflation pay increases. Read >Eskom threat to miners
by Brendan Ryan | 14-DEC-09 | 1 comments
JP Morgan reckons platinum miners are better placed than gold miners to cope with the "Eskom shock" factor but both are going to suffer. Read >JP Morgan backs precious metals
by Brendan Ryan | 14-DEC-09 | 2 comments
It’s “game on” for SA platinum miners while SA gold equities should outperform the metal over the next six months according to JP Morgan analysts Steve Shepherd and Allan Cooke. Read >Sylvania completes $16.2m fund raiser
by Reuters | 14-DEC-09 | 0 comments
Sylvania Resources will complete the purchase of platinum surface operations from Lonmin after raising £10m ($16.2m) in a share issue. Read >Coal, platinum hinders production
by Sapa | 10-DEC-09 | 0 comments
South Africa's total mining production has dropped, with platinum, coal and manganese ore contributing to the decrease, says Statistics SA. Read >Jubilee, Sylvania JV deepens
by I-Net Bridge | 07-DEC-09 | 0 comments
Jubilee Platinum and Sylvania Resources said surface retreatment trials would be extended to other sources as the joint venture between the firms deepened. Read >Lonmin seals two-year deal on Marikana
by I-Net Bridge | 07-DEC-09 | 0 comments
Lonmin has concluded a two year wage deal in respect of its Marikana operations, the company said. Read >Wesizwe is being "hijacked"
by Allan Seccombe | 03-DEC-09 | 4 comments
A funding proposal by a shareholder faction within Wesizwe is said to be designed to "hijack" the company and lies at the heart of the board implosion. Read >Two big suitors courted Wesizwe
by Allan Seccombe | 02-DEC-09 | 3 comments
Court documents reveal who was courting Wesizwe Platinum at the time when its board was in meltdown. Wesizwe was a willing participant. Read >Platfields a step closer to JSE
by Marc Hasenfuss | 30-NOV-09 | 2 comments
Platfields' directors decline to give a time frame for the junior's long-awaited listing, writes Marc Hasenfuss. Read >President's progeny sues for expropriation
by Andile Ntingi | 29-NOV-09 | 8 comments
The great-grandson of an apartheid-era state president is suing Susan Shabangu, and others, for expropriating mineral-bearing land owned by his mother. Read >Gold price eases Harmony's woes
by Miningmx | 26-NOV-09 | 0 comments
Graham Briggs tells us whether the record high dollar gold price will delay shaft closures and Absa Capital's Vladimir Nedeljkovic explains the launch of a platinum and silver investment product. Read >Bakubung calls for its Wesizwe directors to quit
by Allan Seccombe & David McKay | 26-NOV-09 | 6 comments
The Bakubung-Ba-Ratheo has asked for its representatives on the board of Wesizwe Platinum to quit amid claims they were never fairly appointed to the firm. Read >S.Africa to launch platinum/silver product
by Allan Seccombe | 25-NOV-09 | 2 comments
South African investors will from next year be able to invest in platinum and silver exchange-traded notes. The product will be offered by the same bank that launched a very successful gold-backed ETF. Read >Wesizwe Platinum wracked by coup allegations
by Allan Seccombe & David McKay | 25-NOV-09 | 16 comments
The future of Wesizwe Platinum, and its empowerment partner, the Bakubung, has been thrown into doubt amid allegations of a clandestine power struggle. Read >Growth likely after Aquarius money raising
by Allan Seccombe | 24-NOV-09 | 0 comments
Aquarius Platinum is raising up to $300m in a bond issue. It will clear debt and build a chrome plant at Everest mine. It could also be building firepower for growth. Read >Platinum's silver lining
by | 19-NOV-09 | 0 comments
Platinum demand for autocatalysts is on the cusp of being overtaken by jewellery offtake. What are the prospects for platinum in India? Mark Bedford from Johnson Matthey gives us his insights. Read >Platinum deficit forecast for 2010
by Allan Seccombe | 17-NOV-09 | 1 comments
A US platinum ETF could take some 200,000 oz of metal off the market, which is forecast to slip into a "modest deficit" in 2010, Johnson Matthey reports. Read >Lonmin sees higher platinum output, prices
by Allan Seccombe | 16-NOV-09 | 0 comments
Lonmin forecasts production to rise 24% by 2013 and it's looking at increasing smelter capacity to accommodate growth and give it a backup to its troublesome furnace. Read >SA September mining output tumbles
by Sapa | 12-NOV-09 | 0 comments
South African mining production falls in September. Read >Solomon withdraws Wesizwe court action
by Allan Seccombe | 12-NOV-09 | 3 comments
Mike Solomon has withdrawn an urgent court application to prevent his dismissal as Wesizwe CEO, preferring to let shareholders decide the matter. Rob Rainey follows suit. Read >Shareholders call on Wesizwe for urgent EGM
by David McKay | 09-NOV-09 | 2 comments
Shareholders in Wesizwe Platinum have called for a meeting to discuss the shock firing of their long-standing CEO, Mike Solomon. Read >Wesizwe shareholders demand answers
by Miningmx | 07-NOV-09 | 0 comments
Wesizwe shareholders are demanding answers and the directors who voted out CEO Mike Solomon may soon have to explain their actions. Meanwhile, Eskom and the mines minister are up to their old tricks. Read >Angloplats delists from LSE
by I-Net Bridge | 05-NOV-09 | 0 comments
Anglo Platinum delists from the LSE. Read >Ruukki to quadruple SA capacity
by Allan Seccombe | 05-NOV-09 | 0 comments
Danko Konchar joins Ruukki as CEO of its minerals business. Ruukki is planning to quadruple ferrochrome smelting capacity in South Africa over the next four years. Read >SA platinum miners sweat
by Brendan Ryan | 05-NOV-09 | 2 comments
South Africa's three major platinum groups are taking strain trying to cope with operating problems and a strong rand. Read >Wesizwe's Solomon to fight shock firing
by David McKay | 03-NOV-09 | 4 comments
Wesizwe Platinum said today it had fired its CEO, Mike Solomon - a development Solomon said was invalid and against which he would fight a legal battle. Read >Wesizwe volatile on takeover talk
by Reuters | 03-NOV-09 | 0 comments
Shares in Wesizwe Platinum raced up 5% in early trade, then pared back most of their gains as speculation it was being stalked by Impala Platinum circulated. Read >Jubilee in venture with Sylvania
by I-Net Bridge | 02-NOV-09 | 0 comments
Jubilee Platinum and Sylvania Resources are to form a joint venture that will see the partners combine their surface retreatment smelting technologies. Read >Zimplats up quarterly production
by I-Net Bridge | 29-OCT-09 | 0 comments
Zimplats reports a 51% increase in platinum output. Read >SA power prices concern Anglo
by Allan Seccombe | 28-OCT-09 | 0 comments
Anglo American will take a couple of years to dispose of some $6bn worth of non-core assets and it will engage Eskom around the cost of power which is of concern to one of South Africa's biggest companies. Read >Platinum group metals set to outshine gold
by Reuters | 27-OCT-09 | 0 comments
A rise in platinum group metals prices is expected to outstrip gold's gains, while the palladium market balance is seen tighter because of lower stock sales. Read >The hard men of SA mining reunited
by Allan Seccombe | 26-OCT-09 | 5 comments
Tom Dale and Brian Gilbertson join forces at platinum producer Platmin after a shakeup of that company's board. Read >Lonmin offer rebuffed by union
by Reuters | 23-OCT-09 | 0 comments
Hopes the National Union of Mineworkers might accept a 7% wage increase have been dashed with the union sticking to its guns for 10%. Read >Ruukki/Sylvania seek fresh options
by Allan Seccombe | 23-OCT-09 | 0 comments
Finnish metals group Ruukki and junior platinum producer Sylvania are looking for other ways to work together after a merger between the two of them was called off. Read >Angloplats slashes jobs, shuts shafts
by Allan Seccombe | 22-OCT-09 | 0 comments
Anglo Platinum retrenches nearly 2,000 more people than planned. It has shut three shafts in an effort to drive down costs in the face of soaring electricity and wage bills. Read >Lonmin moves to Jo'burg
by Brendan Ryan | 22-OCT-09 | 1 comments
Lonmin's top management is relocating from London to Johannesburg to get a tighter grip on the group's operations which face challenging conditions in 2010. Read >Anooraq ups wages 10%
by I-Net Bridge | 20-OCT-09 | 0 comments
Anooraq agrees to increase wages by up to 10% at its Bokoni platinum mine. Read >Bafokeng nears platinum deal conclusion
by Allan Seccombe | 20-OCT-09 | 0 comments
Royal Bafokeng Holdings is just months away from acquiring the majority stake in the BRPM joint venture with Anglo Platinum and it has started work at its Styldrift property. Read >Platinum mine sit-in ends
by Reuters | 20-OCT-09 | 0 comments
A sit-in by 240 workers at the Two Rivers platinum mine has ended. Read >Wesizwe's fate on hold
by Allan Seccombe | 19-OCT-09 | 6 comments
The long-awaited finalisation of a deal between Wesizwe, Anglo Platinum and PTM will allow Wesizwe to develop a strategy and decide who will lead the company. Until then, everything's on hold. Read >Sit-in at SA platinum mine
by Reuters | 19-OCT-09 | 0 comments
More than 100 workers at the Two Rivers platinum mine have staged a sit-in to back their demands that the mine's manager be fired. Read >Ian Watson retires as Platmin CEO
by I-Net Bridge | 12-OCT-09 | 0 comments
Ian Watson steps down as Platmin CEO and the search starts for a new chief executive. Read >JOGMEC inks S.Africa platinum deal
by Reuters | 09-OCT-09 | 0 comments
Japan's JOGMEC inks another South African platinum deal. Read >Kalplats mine is viable - Platinum Aus.
by Allan Seccombe | 08-OCT-09 | 0 comments
A pre-feasibility study into the Kalahari Platinum project (Kalplats) shows there can be a viable and lucrative opencast mine there, says Platinum Australia. Read >Gold pops $1,050/oz
by Reuters | 08-OCT-09 | 0 comments
Spot gold burst through $1,050 an ounce on Thursday, marking a third successive high in as many days. Read >Shareholder nod for Braemore/Jubilee
by I-Net Bridge | 08-OCT-09 | 0 comments
Shareholders in technology group Braemore and platinum explorer Jubilee give their approval to a merger between the two firms. Read >Northam to start R3bn platinum mine
by Reuters | 08-OCT-09 | 0 comments
Northam will start work on its Booysendal platinum mine in early 2010, with the first phase costing R3bn. Read >Investors may take shine to silver after gold high
by Reuters | 07-OCT-09 | 0 comments
Silver, which looks overdue for a rally of its own, may attract investors as its ratio to gold nears a year low. Read >Wesizwe halts mine development plans
by Allan Seccombe | 30-SEP-09 | 0 comments
Wesizwe Platinum abandons its plans to build a mine bit-by-bit as its secures tranches of mine. It is now waiting until it can raise all the money it needs. It has a two-year window. Read >Implats reports fatality at Rustenburg operation
by I-Net Bridge | 22-SEP-09 | 0 comments
Impala Platinum has reported a fatality at its Rustenburg operation. Read >Silver due for correction. Soon
by Allan Seccombe | 17-SEP-09 | 1 comments
The silver market, currently swept up in "irrational exuberance", is due for a price correction. That downward move is imminent. Read >CAMEC jv to launch platinum mine in Zim
by Reuters | 17-SEP-09 | 0 comments
CAMEC's joint venture company in Zimbabwe will launch a platinum mine in the country, producing 400,000 ounces annually in six years. Read >Impala warns of 'toughest time'
by David Mckay | 15-SEP-09 | 0 comments
Impala Platinum CEO David Brown was not mincing his words when he said the next 24 months would be the most difficult he'd had at the company, writes David McKay. Read >AngloPlat avoids wage strike
by Reuters | 14-SEP-09 | 1 comments
Anglo Platinum agrees a one-year wage deal, avoiding a strike at its operations, unlike its peer Impala Platinum. Read >Eskom CEO 'paid his worth'
by Sikonathi Mantshantsha | 14-SEP-09 | 3 comments
Eskom's board has rewarded CEO Jacob Maroga with a 26.7% salary increase, considerably more than the 10.5% the rest of the power utility's workforce received. Read >Mining ops resumed at Platmin after strike
by I-Net Bridge | 10-SEP-09 | 0 comments
Mining activities have resumed at Platmin's Pilanesberg platinum mine following a strike. Read >Platinum -- a hotbed of unrest
by Jan de Lange | 07-SEP-09 | 0 comments
The reason why violent uprising is a recurring event in the platinum sector has its roots in the departure of the NUM's Archie Palane, writes Jan de Lange. Read >Pan African banks on platinum
by | 03-SEP-09 | 0 comments
Pan African Resources has decided to can its exploration projects in the Central African Republic and Ghana in favour of its Phoenix platinum project. Read >Mini mining empire-builder
by Allan Seccombe | 02-SEP-09 | 0 comments
Loucas Pouroulis has set up a group of companies exploring and exploiting a diverse range of minerals in a number of African countries. Is he pushing so hard because of earlier setbacks? Read >Zim govt insists on 50% diamond firm stakes
by Reuters | 01-SEP-09 | 0 comments
The Zimbabwean government is adamant about holding 50% of all diamond mining ventures in that country. The ownership model for gold and platinum mines is expected to be different. Read >SA platinum industry on high alert over strikes
by Reuters | 31-AUG-09 | 0 comments
South Africa's platinum industry could be hit by more strikes as Anglo Platinum has a pay offer rejected and NUM says Impala strike could be indefinite. Read >ARM kicks up a gear
by Ines Schumacher | 31-AUG-09 | 0 comments
UPDATED- African Rainbow Minerals is forging ahead with production ramp ups across iron ore, coal and nickel despite a 42% loss in headline earnings. Read >German car scrap scheme lifts private consumption
by Reuters | 27-AUG-09 | 0 comments
A German government subsidy for car scrapping pushed up spending on autos by nearly a quarter, boding well for future platinum demand. Read >Do or die for Anooraq
by Ines Schumacher | 18-AUG-09 | 0 comments
The next three financial quarters will prove whether Anooraq Resources has the ability to turn the Lebowa platinum mine around and ensure the future of the company. Read >Booysendal project on track
by Brendan Ryan | 14-AUG-09 | 0 comments
The all-important Booysendal project remains on track while CEO Glyn Lewis predicts production should increase at the Northam mine in the year ahead. Read >Platmin operations grind to a halt
by Ines Schumacher | 13-AUG-09 | 0 comments
An illegal strike and subsequent dismissal of contractors at Platmin's Pilanesburg platinum mine means its open-cast mining operations have ceased. Read >ANC shuts out Eskom
by Jan de Lange | 13-AUG-09 | 0 comments
Eskom will be excluded from the process of establishing private power producers, the ruling ANC has decided. Read >Platinum: ‘Go for the juniors’
by Brendan Ryan | 11-AUG-09 | 0 comments
The shares of platinum’s big three producers have surged, but analyst Leon Esterhuizen feels prices could pull back and that junior firms are a better bet. Read >SA power strike threat hits platinum
by Reuters | 06-AUG-09 | 0 comments
A strike threat at South African power utility Eskom has driven up platinum and palladium prices and pushed the rand to a three-week low. Read >Bank of America lifts 2010 platinum price forecast
by Reuters | 06-AUG-09 | 0 comments
Bank of America has raised its forecast for platinum prices in 2010 to an average $1,350 an ounce from $1,250 previously, citing constraints to mine supply. Read >BoA lifts 2010 platinum price forecast
by Reuters | 06-AUG-09 | 0 comments
Bank of America raises its 2010 platinum price outlook. Read >Wesizwe expects to reduce loss
by I-Net Bridge | 05-AUG-09 | 0 comments
Wesizwe Platinum expects a basic and headline loss per share for the period to end June 2009 to be between 22% and 36% less than that reported for the same period last year. Read >Anglo Pt's net debt deepens
by Brendan Ryan | 05-AUG-09 | 2 comments
Anglo Platinum's results weren't too bad, but there are alternative ways of crunching the numbers. Read >Northam expects decrease in earnings
by I-Net Bridge | 04-AUG-09 | 0 comments
Northam expects a decrease in earnings results from a substantial decline in the average rand basket price received for the company's products. Read >Zimplats ups ore mined 17%
by I-Net Bridge | 04-AUG-09 | 0 comments
Impala Platinum's subsidiary Zimplats increased its total ore mined by 17% in the June quarter as the ramping up of underground production continued. Read >Platmin deal reflects cash stress
by Ines Schumacher | 04-AUG-09 | 3 comments
Platmin has entered into an off-take agreement with Investec to assist cash flow, but an analyst says indicates desperation on the part of Platmin. Read >Anglo American may retrench 200 employees
by Ines Schumacher | 29-JUL-09 | 0 comments
Anglo American may be planning to cut 35% of its head office staff, indicating a short-term survival strategy, trade union Solidarity says. Read >Dwyka plots gold, platinum strategies
by Allan Seccombe | 29-JUL-09 | 1 comments
Dwyka Resources will spin out newly acquired Ethiopian platinum assets into a separately listed company and it has to consider possibly selling its Swaziland gold venture now that it has control of Minerva. Read >Farmer's battle to save Lonmin
by Gareth Tredway | 28-JUL-09 | 1 comments
Wake up call from a hostile Xstrata bid and depressed metals prices in second half 2009 triggered much-needed change at world's third largest platinum producer, now headed by company veteran Ian Farmer. Read >Anglo Pt plots 2.5-2.8m oz output
by Allan Seccombe | 27-JUL-09 | 1 comments
Anglo Platinum is plotting production flexibility that will give it output of up to 2.8 million oz of platinum in the next year or two. It sees the market sliding into deficit soon. Read >Anglo Platinum's earnings battered
by Allan Seccombe | 27-JUL-09 | 2 comments
Anglo Platinum sees headline earnings tumble 95% as dollar prices of the metal halve in the interim period. It reckons it can supply 2.6 million oz to the market if need be. Read >Anglo kicks off beneficiation plan
by Ines Schumacher | 23-JUL-09 | 0 comments
Anglo Platinum has thrown itself behind government's reframed beneficiation policy, which it hopes will receive cabinet support in September. Read >Lonmin sticks to sales forecast
by Brendan Ryan | 23-JUL-09 | 1 comments
The world’s third largest platinum producer believes it will meet its sales forecast for the year despite continuing problems with its troublesome Number One furnace. Read >SA investors get Cinderella treatment
by Brendan Ryan | 22-JUL-09 | 5 comments
Some SA investors are unhappy with foreign-domiciled firms’ dual listings but Platmin, the latest addition to the JSE, vows it will not prejudice local shareholders. Read >Fund backs silver, bearish on PGMs
by Reuters | 22-JUL-09 | 0 comments
Earth Resource Investment Group's Georges Lequime said the group was bullish on silver but less optimistic about platinum group metals. It also trimmed back exposure to South African gold firms. Read >Fall of ground leaves no survivors
by Ines Schumacher | 21-JUL-09 | 3 comments
Impala Platinum has recovered the bodies of the remaining two mine workers, confirming a final death toll of nine employees. Read >Multiple fatalities at Impala
by I-Net Bridge | 20-JUL-09 | 0 comments
Impala Platinum has reported the death of two employees at its 14 Shaft in Rustenburg, with seven additional employees still unaccounted for. Read >Num rejects fresh Implats wage offer
by Reuters | 17-JUL-09 | 1 comments
The National Union of Mineworkers has rejected an improved 8.5% pay increase offer from Impala Platinum. Read >Eastplats reports record output
by I-Net Bridge | 16-JUL-09 | 0 comments
Eastern Platinun notches up record June quarter platinum output at its Crocodile River Mine. Read >Juniors in for a long, dry spell
by Allan Seccombe | 16-JUL-09 | 2 comments
Junior resources groups involved in exploration face a lean time as investors shy away from the volatile, high-risk/high-return sector. Some juniors outline options open to them. Read >Anglo Pt warns of steep earnings fall
by Allan Seccombe | 15-JUL-09 | 3 comments
Anglo Platinum, the world's leading platinum producer, warns of a hefty fall of up to 99% in interim headline earnings because of lower rand metal prices. Read >Eastplats: Sit-in miners fired
by Sapa | 13-JUL-09 | 0 comments
The services of the contract mining companies whose employees were involved in a sit-in at Crocodile River mine have been terminated. Read >Eastplats strike over
by Reuters | 12-JUL-09 | 1 comments
The dramatic sit-in strike at Eastern Platinum's Crocodile River mine has ended, company officials said at the weekend. Read >Union rails against contracter plight
by | 10-JUL-09 | 0 comments
Union Solidarithy said the recent 'hostage drama' at Eastern Platinum had thrown into relief the plight of contract workers in South Africa. Read >Labour, Eskom to load 10% on Pt costs
by David McKay | 03-JUL-09 | 0 comments
There’s some alarm that the rand is hurting mining stocks such as the platinum firms Anglo Platinum and Impala. But there are other cost troubles in the pipeline. Read >Braemore shares rise on tech revision
by Reuters | 01-JUL-09 | 0 comments
Braemore shares rise 15% after it revises its ConRoast technology agreement with Mintek to incorporate the smelting and refining of platinum group metals. Read >Ruukki's acquisition safari
by Brendan Ryan | 30-JUN-09 | 0 comments
Finnish group Ruukki is to merge with Sylvania Resources in the latest development during its safari into South Africa's metals and resources sectors. Read >NUM may lower 15% wage hike demand
by Reuters | 30-JUN-09 | 0 comments
The National Union of Mineworkers said it would lower its 15% wage hike demand provided Anglo Platinum compromised on other areas of the negotiations. Read >Lonmin shutdown may hit full-year sales
by Reuters | 24-JUN-09 | 0 comments
Ian Farmer, CEO of Lonmin, suffers an early blow after the furnace blowout, a development that will unseat shareholders who hope he is the man to get Lonmin back on an even keel. Read >Xstrata/Anglo merger endangers SA platinum
by Miningmx reporter | 23-JUN-09 | 1 comments
Xstrata’s proposed merger with Anglo American may gain excessive control of the platinum industry, endangering jobs in the process. Read >Union in dispute with Two Rivers platinum
by Ines Schumacher | 17-JUN-09 | 0 comments
Two Rivers platinum mine has stalled wage talks with the National Union of Mineworkers because it says the trade union does not represent all of its workers. Read >Braemore may have Finnish suitor
by Brendan Ryan | 17-JUN-09 | 1 comments
Next up in the ongoing consolidation of the SA platinum sector could be Braemore Resources which is in discussions that could lead to a takeover. Read >Union wants big Implats pay hike
by Allan Seccombe | 09-JUN-09 | 2 comments
The National Union of Mineworkers is demanding a 20% pay increase from Impala Platinum compared to a 15% demand from the gold and coal producers. Read >Nkwe Plat buys stake in Bushveld project
by I-Net Bridge | 09-JUN-09 | 0 comments
BEE-controlled Nkwe Platinum has agreed to acquire a 15% stake in the Garatau/Tubatse project in the Bushveld platinum region for A$60m. Read >Lonmin places 96.4% of rights issue
by Reuters | 04-JUN-09 | 0 comments
Lonmin places 96.4 percent of its $457m rights issue towards paying down debt and building up its balance sheet. Read >Are precious metals shares running too fast?
by Brendan Ryan | 02-JUN-09 | 0 comments
The resurgent rand could dampen precious metals shares but, judging by the way the shares have powered ahead, investors don't seem to have taken this on board yet. Read >SA metals shares soar on dollar
by Ines Schumacher | 29-MAY-09 | 0 comments
South African precious metals shares skyrocketed on Friday because of a weaker dollar and inflationary pressures. Read >Doing the 'hard yards'
by Brendan Ryan | 22-MAY-09 | 0 comments
Investors sizing up Lonmin's rights offer to raise US$457m have to make up their minds on two issues: will the platinum market recover and, if so, is Lonmin the share to own? Read >Pan African buys platinum project
by Allan Seccombe | 21-MAY-09 | 0 comments
Gold junior Pan African Resources buys a 360,000 oz platinum deposit from its majority shareholder Metorex for R71m cash. Metorex has a strategy to sell non-core assets to cut debt. Read >Breakthrough for Braemore's platinum smelter
by Allan Seccombe | 19-MAY-09 | 1 comments
Jubilee Platinum, which is exploring its Tjate platinum deposit, has signed an agreement with Braemore that has a smelting technology to successfully treat high chrome content platinum concentrate. Read >AngloPlat digs deep for Anooraq
by Brendan Ryan | 14-MAY-09 | 0 comments
Anglo Platinum seems to be bending over backwards financially to ensure the success of its empowerment transaction with Anooraq Resources. Read >Angloplat in dire straits
by Brendan Ryan | 14-MAY-09 | 1 comments
In South African mining circles Anglo Platinum has long been known as the "Evil Empire". The long-running number two in the sector - Impala Platinum - is rapidly gaining ground. Read >Platinum outlook restrained
by Allan Seccombe | 12-MAY-09 | 0 comments
The outlook for platinum prices is not entirely gloomy but it is restrained, something which will keep a lid on expansion projects for this year. Read >Lonmin in $457m rights issue
by Allan Seccombe | 11-MAY-09 | 0 comments
UPDATED - Lonmin maintains its full-year sales target of 700,000 oz. It has refinanced $575m of debt and is raising a further $457m to reduce borrowings and put some cash on its balance sheet. Read >Xstrata shares up on output report
by Reuters | 05-MAY-09 | 1 comments
Xstrata's shares rise on its first quarter production report that came in slightly ahead of market expectations. Coal output is buoyed by its Colombian coal acquisition. Read >Subdued outlook on platinum from GFMS
by Brendan Ryan | 23-APR-09 | 0 comments
Precious metals consultancy GFMS reckons platinum will trade in a "benign" price range for the rest of the year perhaps reaching $1,375/oz. Read >Eastplats notches up record output
by Ines Schumacher | 16-APR-09 | 0 comments
Eastern Platinum has increased its production at its flagship mine by 13% in the first quarter, putting it on track to reach its annual output target of 135,000 PGM ounces. Read >Platinum showing signs of improvement
by Ines Schumacher | 02-APR-09 | 0 comments
Only a clear sign from the automobile industry will help platinum recover fully. The G20 summit will not make a material difference to the price, analysts say. Read >Ridge clears the decks to raise R400m
by Ines Schumacher | 25-FEB-09 | 0 comments
Ridge Mining raises R541m by closing out its platinum hedge book, paying down debt and clearing the way to raise more debt and equity funding towards a R400m over run on its project. Read >Implats chops production targets
by Brendan Ryan | 19-FEB-09 | 0 comments
Operating troubles and two deferred projects have caused Impala Platinum to drop its five year platinum production forecasts. Read >Aquarius makes equity offer for Ridge
by Brendan Ryan | 18-FEB-09 | 0 comments
Aquarius Platinum will offer one of its shares for every 2.75 shares in Ridge Mining in its all equity offer for the platinum junior. Read >Anglo Platinum's dire straits
by Brendan Ryan | 09-FEB-09 | 0 comments
It's going to be a painful year for Anglo Platinum's shareholders and its workforce as the world's biggest platinum producer is forced to cut its coat to its cloth. Read >Anglo Platinum to cut contract workers
by Brendan Ryan | 09-FEB-09 | 0 comments
Anglo Platinum will cut back on the number of contract workers it needs this year but its permanent employees should be safe if the platinum price sticks at levels near $1,000/oz Read >Zimplats hit by falling metal prices
by Reuters | 03-FEB-09 | 0 comments
Impala Platinum's subsidiary Zimplats reviews various funding sources after being knocked by falling metal prices. Read >Sun City opposes Wesizwe mine
by Brendan Ryan | 30-JAN-09 | 1 comments
Sun City and Legacy Hotels intend objecting to the environmental authorisation granted for Wesizwe's platinum mine close to their hotels near the Pilanesberg National Park Read >Platinum sector set for shake-up
by Brendan Ryan | 27-JAN-09 | 0 comments
As the financial crunch forces platinum miners to enter survival mode, mergers which may lead to leaner, more efficient operations could be on the cards. Read >Gold beats platinum
by Brendan Ryan | 26-JAN-09 | 1 comments
Financial services firms JP Morgan and RBC Capital Markets agree: the yellow metal should outperform platinum over the next year. Read >Platinum is not out of the woods
by Brendan Ryan | 23-JAN-09 | 0 comments
The platinum sector is about to go into a "dreadful" reporting season, but the market appears to be factoring in better long-term platinum prices. Read >Mystery buyer for Northam Pt
by David McKay | 14-DEC-04 | 0 comments
Northam Platinum continues to outperform Johannesburg’s platinum index notwithstanding production shortfalls. Read >
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