Sibanye-Stillwater to impair US mine for R8.79bn
SIBANYE-Stillwater said in a trading statement on Wednesday that it would write-down its US-based Stillwater palladium/platinum mine by about R8.79bn.
The impairment stems from a...
Amplats unveils R15.7bn special dividend ahead of June demerger
ANGLO American Platinum (Amplats) on Monday said it would pay a special cash dividend of R15.7bn, equal to R59 per share.
In addition to the...
In-favour Amplats unlikely to suffer major flowback
ANGLO American’s restructuring has lift-off. Despite doubts over its complexity, the group has sold its Australian coal mines for $4.8bn and last month agreed...
Sibanye-Stillwater appoints Richard Stewart as CEO-designate
SIBANYE-Stillwater confirmed a Miningmx report earlier on Thursday that its founding CEO of 13 years standing, Neal Froneman was set to retire this year....
Froneman to announce retirement from Sibanye-Stillwater
THE Board of Sibanye-Stillwater is in the final stages of a process to find a successor to Neal Froneman, the founding CEO of the...
Northam Platinum surprises with heavy hit to interim earnings
NORTHAM Platinum Holdings said headline share earnings would fall between 45% to 55% for the six months ended December, coming in at between R0.55 and...
Implats stabilises Styldrift but metal prices to hit earnings
IMPALA Platinum (Implats) said on Tuesday headline share earnings would be 40% to 49% weaker for the six months ended December.
The rand value of...
Amplats hit by lower prices, write-down & demerger costs
ANGLO American Platinum (Amplats) booked R3.5bn in costs partly related to its demerger from Anglo American, which is expected to be completed by mid-year.
The...
Sibanye-Stillwater plans chrome deal as nears end of restructure
SIBANYE-Stillwater is working on a chrome financing transaction which it will use to further strengthen the balance sheet.
A financing deal in chrome, possibly a...
Battered PGM shares poised to recover, says bank
2O25 could signal a change in direction for platinum group metal shares following nearly two years of underperformance, most of which had been priced...