Why Implats has changed its tune on Waterberg
IMPALA Platinum (Implats) earlier this month declared R13.1bn in final dividends, a sum that outshone its rivals. It also revised its payout policy in such a way that the door is…
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…
Northam seeks bids amid “exploratory” offer from rival
NORTHAM Platinum has enlisted offers for either a corporate- or asset- deal after disclosing on Tuesday it had received an “exploratory” offer for the company from a rival…
Can this be the PGM market’s next big thing?
THE hydrogen economy was supposed to be platinum’s salvation, but it is turning out to be the lightest of lifelines. Deployment of electrolyser capacity, the technology that…
Valterra hits brick wall on Zimbabwe’s unpaid $100m
VALTERRA Platinum said it was making progress extracting current export proceeds from Zimbabwe, but an agreement on getting a historic amount of $100m paid was unresolved.…
Implats suspends Rustenburg shafts for week-long safety reset
IMPALA Platinum (Implats) suspended production at its Rustenburg shafts on Friday for five days in order to conduct a “safety reset” following two underground fatalities this…
Is this a new era for platinum? Its miners think so
SINCE the decline of gold production in the 1990s, platinum has become South Africa’s most valuable strategic metal, and among its most important economically. Of critical raw…
Steady output in March will see Implats meet full-year targets
PLATINUM miner Implats is still on track to meet its full-year guidance of group refined and saleable PGM production of 3.4-3.6 million ounces, despite a marginal decrease in own…
Implats weighs platinum growth projects in Zimbabwe
NO sector does a corporate faceplant quite like mining; tales of projects gone awry are legion. One from Zimbabwe involves BHP’s 10-year odyssey of misspend at the Hartley…
US, European funders in mix for Tharisa’s Karo project
THARISA is in talks with North American and European government-backed lenders to help finance the outstanding $300m of its Karo platinum group metals project in Zimbabwe, the…
Platinum is back. So why are its miners shunning growth?
WHAT a difference a year makes. In April 2025 the atmosphere at the PGMs Industry Day conference was sombre, with PGM prices still at low levels and the industry facing a cash…
Implats in talks with Tharisa on $545m Karo project
THARISA is in discussions to sell metals concentrate mined from its proposed $545m Karo Platinum mine in Zimbabwe to Impala Platinum (Implats). Discussions, which are not…
Muller floats new “vehicle” for Eastern Limb platinum mines
IMPALA Platinum (Implats) said the improved market for platinum group metals will support extension projects and prompt the company to explore cross-boundary cooperation with…
Implats doubles up on interim payout as cash surges
IMPALA Platinum (Implats) rewarded shareholders on Thursday declaring in its results for the six months ended December a R3.7bn payout, equal to R4,10 per share. The declaration…
Platinum price “tailwind” offsets Implats’ disrupted Q1
IMPALA Platinum (Implats) welcomed the improved platinum group metal (PGM) market which helped offset disrupted first quarter production. Commenting in an update on Friday, the…
Northam wary on platinum as profits fall
NORTHAM Platinum struggled in the year to end-June pushing up revenues 6.9% to R32.9bn (previous financial year R30.8bn) but recording a 17% drop in taxed profit to R1.48bn…
Impala looks to better times as platinum prices rise
IMPALA Platinum (Implats) had survived the past few years of depressed platinum market conditions through an “aggressive defensive strategy” which had positioned the group to…
Rain, power issues squeeze Implats’ quarterly output
PLATINUM group metals miner Impala Platinum (Implats) faced a range of challenges in the March quarter which hindered saleable production, ranging from heavy rainfall at mines to…
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 miner’s CEO Paul Dunne last…
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 R6.1bn. The platinum group metals (PGM)…