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…
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…
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…
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…
For Sibanye-Stillwater, home is where the ore is
SIBANYE-Stillwater got its name as a result of offshore expansion, but following a damaging decline in metal prices that exposed its balance sheet, its new CEO is promising a…
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…
Northam Platinum’s ‘mine without end’ exposes SA’s supply crisis
NORTHAM Platinum CEO Paul Dunne might joke that “there’s no luck in mining”, but fortune has certainly favoured his company in the past few months. For starters, resource…
Like Froneman, Sibanye’s Richard Stewart won’t take BS. Good
SIBANYE-Stillwater’s CEO Richard Stewart has rung in the changes in his short tenure at the group, pivoting the group’s focus firmly towards existing portfolio potential,…
Implats monitoring contractor strike at Rustenburg shaft
IMPALA Platinum said it was monitoring an unprotected strike among contractors at its Impala Rustenburg North shaft. “It’s not giving us headaches but we take it seriously,” said…
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…
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…
Court rules Zimplats not liable for platinum royalty
ZIMBABWE’S High court said Impala Platinum’s local unit was not liable to pay mining royalties of $7.1m on exports matte and concentrates. According to a report by Bloomberg News…
Implats earnings set to surge fivefold
IMPALA Platinum will post a spectacular increase in interim earnings, fuelled by higher platinum group metal prices and strong second quarter operational performance. The miner…
Implats gains momentum amid 40% price lift in PGM basket
IMPALA Platinum (Implats) gained operational momentum in the second quarter to post respectable production numbers for the six months ended December. Group production was 1.79…
Sibanye-Stillwater targets R3bn savings in back to basics strategy
SIBANYE-Stillwater has targeted R3bn in cost savings over the next two years as part of newly launched strategy focusing on simplification and organic growth. “Spoiler alert:…
Impala defends privileged status of accident report
IMPALA Platinum has defended withholding an internal investigation from the official inquiry into a fatal 2023 elevator accident at its Rustenburg operations, maintaining the…
No end to Wesizwe Platinum’s Bakubung problems
A MINE can take at least a decade to build. One rule of thumb is that a mineral deposit discovered during the exuberance of one commodity cycle is not converted into metal until…
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…
Fragile supply gives platinum price new lease on life
IT was once common to describe the platinum price in terms of gold, the so-called gold-platinum ratio. Then came the global financial crisis in 2008. As automakers’ demand…