PLATINUM
Does Sibanye-Stillwater need its US mine? Probably not
- David McKay
DEBT
Tharisa seals $300m Karo Platinum funding
THARISA has secured the $300m bond needed to complete its Karo Platinum project in Zimbabwe, removing uncertainty over how it would fund the remaining cost of the $545m mine. The five-year senior secured bond…
ENVIRONMENT
Platinum deficit beckons in second half as ETF selling eases
THE platinum market is expected to swing back into deficit in the second half of 2026 as heavy exchange-traded fund (ETF) selling eases, after investment outflows helped drive a first-half surplus. Platinum…
STRIKE
Sibanye-Stillwater to shut Kwezi platinum shaft costing 1,000 jobs
SIBANYE-Stillwater is to close its Kwezi platinum group metals shaft near Rustenburg, which could affect over 1,000 full-time employees and contractors. The miner said on Tuesday that while the Kwezi shaft…
HARMONY GOLD
ARM leans on PGMs as coal, iron ore disappoint
AFRICAN Rainbow Minerals (ARM) benefited from a sharp recovery in its platinum business in its 2026 financial year, helping offset a swing into losses at coal and a steep decline in iron ore earnings.…
STYLDRIFT
Implats takes shine to bite-sized Waterberg JV
IMPALA Platinum (Implats) has turned more positive on the long-delayed Waterberg JV project as plans for a smaller mine improve its chances of getting off the ground. Implats owns just under 15% of the…
IMPALA
Implats caps top year for platinum with R8.7bn special payout
THE impact of surging platinum group metal (PGM) prices was for all to see in Impala Platinum’s (Implats’) year-end numbers, which it capped with a special final dividend of R8.7bn (R9.55/share). Including a…
STILLWATER
Sibanye-Stillwater warns US mine may close if workers oppose plan
SIBANYE-Stillwater CEO Richard Stewart warned on Wednesday his company would have no option but to shut the 284,000 ounce a year Stillwater mine if a strike launched by employees prevented the company from…
OIL
HCI’s Copelyn dismayed at Waterberg JV’s multiple headwinds
HOSKEN Consolidated Investments (HCI) is grasping for a golden thread of hope in finally advancing its platinum group mining endeavours. The investment group – better known for its gaming and oil and gas…
HSBC
Tharisa to raise $300m bond for Karo Platinum
THARISA, the JSE-listed platinum and chrome miner, is preparing an initial five-year $300m bond with the proceeds aimed at plugging the balance of its $545m Karo Platinum project in Zimbabwe. Meetings with…
DEBT
“Juicy” mine ripe for expansion, says Sibanye-Stillwater’s Stewart
SIBANYE-Stillwater CEO Richard Stewart described the firm’s recently approved R5.5bn Mt Lyell copper project in Australia as “juicy” with significant resource expansion potential. It also contained…
GHANA
Policing illegal miners isn’t working. What will?
WHEN 87 illegal miners died underground at Stilfontein in 2024 – and 1,826 surfaced from abandoned shafts – the event was a symptom, not an aberration. The uncomfortable truth for South Africa is that illegal…
RUTHENIUM
AI, robots and shrinking supply drive Northam’s PGM growth plans
Northam Platinum is betting that new uses for platinum group metals in artificial intelligence, data storage, electronics and robotics will add to demand at a time when South African mine supply is falling.…
DIVIDEND
Northam posts record payout after sharp earnings rise
NORTHAM Platinum reported a sharp rise in annual profit after higher platinum group metal prices lifted revenue and cash generation, allowing the miner to declare a record final dividend of R10 a share, up…
MINING
Sibanye earnings set to surge on higher gold, PGM prices
SIBANYE-Stillwater is set to report a sharp rise in earnings for the first half of 2026, supported by higher gold and platinum group metal (PGM) prices and steady operations. The miner expects headline…
PLATINUM
Valterra silent on Northam as deal speculation mounts
VALTERRA Platinum is increasingly considered the possible source of an unsolicited approach to Northam Platinum, with analysts pointing to the strategic fit between the companies’ assets and processing…