Amplats Mining News

Sibanye-Stillwater in good financial, political position to negotiate wages – report

Despite its fraught relationship with with the Association of Mineworkers and Construction Union, experts say recent developments play in favour of the company.

Anglo American hands land to South Africans amid expropriation push

The world’s top platinum supplier is handing over 270 hectares (667 acres) of land to people living in Rustenburg, northwest of Johannesburg. That almost doubles the area it has given to communities to 473 hectares since 2014.

Palladium smashes $1,500 as shortages to aid Nornickel, Amplats

Tighter emissions rules are “outweighing the weakness in global auto sales and the growing threat from EV's.

Amplats expects 20% jump in full-year earnings

Helped by an increase in the rand basket price and improved operational performance.

South Africa's Amplats, PIC create venture fund to lift PGM industrial demand

The world's no. 1 platinum producer has spun off an internal fund and invested $100 million in a new venture capital fund

Anglo delays Minas Rio restart until year-end, will lose about $400 million

The announcement is the last of a string of difficulties Anglo has faced with the iron ore mine, which was expected to produce 16 million tonnes this year, but that will now generate just 3 million tonnes.

Amplats announces first dividend in 7 years, plans no big projects this year

Amplats' investment stance highlights the fragile state of platinum mining in South Africa.

Amplats reaches deal with South African tribal leader in community fund row

Move aims to curb unrest around Anglo American's most profitable platinum mine — Mogalakwena.

400 workers laid off as Bokoni prepares for closure

Toronto-based Atlatsa Resources (TSXV:ATL) has made good on its stated intention to shut its Bokoni platinum mine in Limpopo province, South Africa.

Copper takes some shine off Anglo American’s results

The miner reported broadly higher output in the fourth quarter across all divisions, except for copper, which suffered from lower grades and strikes.

Lonmin ups stake in Pandora platinum mine

Consolidation in South African's platinum mining sector continued on Friday with Lonmin's decision to buy Amplats' stake in the Pandora platinum mine.

Platinum price boost as top producer shuts down smelter

Anglo American Platinum forced to stockpile concentrate and shut down smelter in South Africa responsible for one fifth of its refined platinum output.

Anglo American Platinum full-year loss to hit over $850 million

Only last month, the South African miner announced it was postponing all investment in new or replacement capacity until at least 2017

SA platinum cuts to hurt global output over next two years

Supply for the year, however, is expected to increase by 9% to 7.91 million ounces, owing to the recovery in the country’s output following strikes in 2014, as well as increased platinum recycling.

Zimbabwe platinum export tax shelved for now

The country had introduced the levy on raw platinum exports in January, aiming to encourage local processing of the metal.

Amplats axing over 400 jobs in South Africa

Anglo American’s platinum unit cited dark outlook for the sector as main reason for the cuts.

Protester shot dead in third day of unrest at S. Africa’s mine

The incident happened when South African police allegedly clashed with protesters near Atlatsa Resources’s Bokoni platinum mine.

Anglo American set for commodity slump-triggered charge

The firm became the first major mining company to openly accept the toll that slumping commodity prices are taking on the global industry.

Anglo hit by platinum, iron ore units lower earnings outlooks

The miner shed over 3.7% after two of its business divisions — Amplats and Kumba — warned they expected full-year earnings to shrink more than previously flagged.

Platinum strike doesn’t get to spoil Anglo American’s first quarter results

Platinum output fell by nearly 40% as a consequence of a more than three-month strike over pay in the sector South Africa.

Anglo American profit hit by strikes, logs $1.9 billion writedown

"We are not happy," said CEO Mark Cutifani.

Platinum sector strike in South Africa leads to first death

He was killed after police fired rubber and stun grenades bullets to disperse a crowd of protesters.

Anglo American confirms turnaround plan, warns 2014 will continue to be tough

Cutifani said the firm has identified three "buckets" from which it plans to extract about $3.9 billion of extra earnings.

Anglo Platinum unionized miners postpone vote on strike until 2014

Amplats' main union obtained permission for a legal strike two weeks ago, after exhausting mediation procedures.

Sector-wide platinum strike looks likely

Workers at Northam Platinum put down their tools. Others may follow.