Coronation reigniting interest in SA’s beaten down platinum stocks
THE slower adoption of electric vehicles has reignited Cape Town fund Coronation's interest in miners such as Impala Platinum and Northam Platinum, said Bloomberg...
The challenges facing Sibanye-Stillwater’s new boss
SIBANYE-Stillwater CEO-designate Richard Stewart told investors last month he has no plans to change the miner’s strategy. Having been with Sibanye-Stillwater for a decade...
Amplats’s special dividend was “not good governance”
SPECIAL dividends are usually grounds for investor celebration. In the case of Anglo American Platinum (Amplats), however, there is reason for pause.
On February 17,...
Northam Platinum to prosper as CEO forecasts hard slog
A R3200 per ounce decline in the average basket price of platinum group metals (PGMs) would derail Northam Platinum's Eland project, described by the...
Platinum stocks fall to four months as supply deficit looms
THE platinum market is heading towards another major deficit this year while above-ground stocks of the metal fall to only four months' worth of...
Northam declares interim dividend despite cash outflow
NORTHAM Platinum Holdings said on Friday it would pay an interim dividend despite a heavy decline in earnings and tripling in net debt to...
Implats seeks meeting with Zimbabwe govt over forex rules
IMPALA Platinum (Implats) is seeking a meeting with Zimbabwe president Emmerson Mnangagwa to discuss foreign exchange retention rules that make it increasingly difficult for...
Implats warns of further cuts amid “anaemic” metals market
IMPALA Platinum (Implats) raised the prospect of additional restructuring if current economic conditions in the platinum group metals (PGM) industry persisted, described by the...
Amplats suspends Tumela after rains flood Limpopo mine
ANGLO American Platinum (Amplats) suspended production at Tumela mine on February 20 following heavy rains in the region which flooded rivers and caused a...
Sibanye-Stillwater says US to grant R4.8bn in metals subsidies
SIBANYE-Stillwater said on Friday it stood to benefit from historic and current tax credits totalling $121m in Ebitda for its US platinum group metal...