Implats to slash 3 900 jobs on weak PGM prices
ABOUT 3,900 jobs are on the line at platinum group metals (PGM) miner Implats as weak platinum prices and input cost pressures have forced...
Sibanye closes the loss-making 4B shaft at Marikana but minimises job...
Sibanye Stillwater is to close the 4B shaft at its Marikana platinum operations near Brits affecting 1,496 employees and 54 contractors some five years...
Platinum shares take off leaving pessimistic investors trailing in their wake
The recent and sudden surge in platinum share prices has caught investors by surprise and, according to Noah Capital Markets analyst Rene Hochreiter, has...
PGM shares to remain capped by oversupplied market, say analysts
RECENT price strength in platinum shares on the Johannesburg Stock Exchange is "purely speculative" according to mining equities analyst at Standard Bank Group Securities,...
Sibanye-Stillwater says 4,022 jobs at stake in latest restructure
SIBANYE-Stillwater announced further restructuring of its South African business potentially affecting 3,107 employees and 915 contractors.
The reduction in headcount will be at operations and...
The platinum project that could leave Amplats with egg on its...
IF Ivanhoe Mines executive co-chairman Robert Friedland is correct with claims over the postulated 'Mokopane Feeder' platinum formation then the group that will have...
Implats CEO says RBPlat deal wouldn’t make sense today
THE deal Impala Platinum (Implats) did to acquire Royal Bafokeng Platinum (RBPlat) would be viewed as "incredibly stupid" if done today at current prices...
Sibanye-Stillwater says SA ‘overhead’ cuts on radar
SIBANYE-Stillwater CEO Neal Froneman raised the prospect of further restructuring of the firm's South African division which produces gold and platinum group metals (PGMs).
"At...
Solid Q2 for Tharisa but net cash falls steeply
THARISA posted solid second quarter production numbers for both chrome and platinum group metals but net cash was heavily depleted quarter-on-quarter.
The group ended the...
Time to let out the handbrake on platinum group metals?
The JSE’s four largest platinum miners cut nearly R30bn in planned capital and stay-in-business expenditure in February in a clear vote that the metal’s...