The processing plant has been under consideration since at least 2014.
Impala Platinum Mining News
Implats is confident of having adequate cash while restructuring its operations and cutting its workforce despite reporting a wider full-year loss.
Members of South Africa's AMCU mining union are ready to strike for a year if necessary if Impala Platinum carries out plans to cut up to 13,400 jobs.
Price for scarce precious metal rhodium is up 270% in two years.
The miner's Zimbabwean subsidiary, Zimplats, has released 23,903 hectares of its mining claims to the government.
The world’s second-largest platinum producer posted an ad on Friday in the local Mail & Guardian newspaper seeking tenders for the project.
Bad news from South Africa’s platinum belt has pushed shares of Impala to the lowest since 1999.
Company will pay $30 million for a 15 percent interest in a platinum project in the northern Waterberg region and had an option to acquire a majority stake in the development.
The miner warned further reductions could be in store at those operations, which employ 31,000 people.
Given that ousted minister Ramatlhodi is considered the main person that helped end a five-month strike in the country’s platinum sector last year, Zuma's decision is being questioned.
The country had introduced the levy on raw platinum exports in January, aiming to encourage local processing of the metal.
Power restrictions could hit output of most copper mines operating in the country.
The operations that may be added to the list of assets for sale are Dawson and Foxleigh, in Queensland.
Anglo's chief warned the company plans to take severe measures over the next two years.
A big corporate break-up à la BHP Billiton is definitively not in his books, he told FT.com.
Output from the rest of Anglo's diversified mining assets rose, but it wasn't enough to offset underperformance at its platinum mines.
The firm warned first-half profit may drop as much as 96%.
The National Union of Metalworkers in South Africa (NUMSA) has rejected the latest offer because it didn't include a double-digit wage increase for all three years.
The firm is offloading some of its historic South African platinum mines as part of a $4bn sale of under-performing assets.
The three-year agreement ends the country's longest and costliest strike.
The union leading the five-month strike in the platinum sector take any industrial action affecting gold producers.
Deutsche Bank has put a $1.4 billion price tag on the operations.
The latest attempt to end South Africa’s 21-week platinum strike has failed, pushing the country towards a recession and increasing the odds the sector will be smaller and more mechanized when it eventually resumes operations.
Susan Shabangu, highly criticized for her handling of a strike in the platinum sector, was booted out from a cabinet that now includes South Africa's first black minister and a first openly gay official.
A team of scientists is working on a process to replace platinum-group metals (PGMs) with more widely available elements.