Wesizwe Platinum to cut jobs at “bloated” Bakubung mine
THE jobs bloodbath in South Africa's platinum group metal (PGM) sector worsened on Monday after Wesizwe Platinum said it planned to restructure its "bloated"...
Anglo discusses job cuts at Amplats, Kumba Iron Ore
ANGLO American acknowledged it was under pressure following sustained weakening in platinum group metal prices (PGMs) and a decline in the performance of South...
What Sibanye-Stillwater’s bond says about its prospects
SHARES in Sibanye-Stillwater were hammered yesterday as investors took short positions while others bailed on the stock.
This was after the precious metals miner announced...
Sibanye-Stillwater unveils $500m bond to finance expansion
SIBANYE-Stillwater is to issue $500m in convertible bonds which it will use to finance the recently announced $155m acquisition of recycling operations in the...
Platinum price is set to respond to underlying supply deficit
PLATINUM is expected to end 2023 with a supply deficit of about 1.07 million ounces largely owing to demand which is forecast to be...
Sibanye CEO asks shareholders to hang in for ‘ah-ha’ moment
SIBANYE-Stillwater will move into net debt next year as capital expenditure from its battery minerals project pipeline ramped up, the miner said in a...
Sibanye-Stillwater says hydrogen catalyst will save iridium market
SIBANYE-Stillwater said new technology for hydrogen electroysis had been developed potentially reducing reliance on the scarce platinum group metal (PGM) iridium in favour of...
Sibanye-Stillwater bulks up US recycling with $155m Reldan deal
SIBANYE-Stillwater has spread its global net further afield after announcing today the $155.4m (R2.89bn) acquisition of a US metals recycling business which has joint...
Implats to offer voluntary job cuts as PGM price weakness bites
IMPALA Platinum (Implats) said it was offering voluntary job cuts to workers at some of its platinum group metal (PGM) shafts in South Africa,...
Sibanye-Stillwater signs 6% wage deal with unions at Kroondal PGM
SIBANYE-Stillwater today announced a five-year wage deal with unions at its Kroondal PGM (platinum group metal) operations in South Africa with entry level employees...