It was unclear where all the funding would come from and analysts said the project start date of July looked very ambitious.
Platinum Mining News
Newly appointed Minister of Mineral Resources Gwede Mantashe said the key to regain investors and miners confidence in the South Africa’s mining sector was to finalize revised plans for black ownership in the industry in the coming weeks.
The mpowerment laws now limit majority ownership by state miners only to the diamond and platinum sectors, as oppose to the entire mining sector.
The strengthening rand, which squeezes profits for both producers, could make the transaction less attractive for Sibanye.
Global platinum supply is forecast to be 7,815 koz in 2018, a decline of 2% from 2017.
Mining companies operating in the country vigorously oppose new code to be signed into law.
Uncertainty around the charter has deterred investment into a sector that accounts for 8% of gross domestic product in the world's top platinum producer
Emissions scrubbing in vehicles accounts for over 40% of platinum demand, and landmark ruling will hasten demise of engine technology.
Some platinum stocks are looking attractive again as oversupply that depressed prices for years subsides.
In lieu of the cash dividend, it will undertake a "capitalisation issue" that will see four ordinary shares given to shareholders for every 100 they hold.
Company became the latest top miner to report soaring profits, hefty dividends and lighter debt burden.
The New-York based fund argues an overhaul could add more than $22 billion in value for shareholders and wants BHP to conduct an independent study.
SA mining companies agreed to postpone a legal challenge to the government’s new industry rules after Ramaphosa said he’s committed to finding a solution.
Amplats' investment stance highlights the fragile state of platinum mining in South Africa.
New report says "deals in lithium, copper and cobalt are expected to feature high on the agenda of management teams across the industry."
Three billionaires faced off in London court on Friday in a conflict triggered by Roman Abramovich’s desire to sell his stake in MMC Norilsk Nickel PJSC.
Platinum demand fell nearly 7 percent last year, with sharp falls seen in Japanese investment and Chinese jewellery buying as well as a slowdown in consumption by carmakers, who use the metal in catalytic converters.
A worker died on Monday night while clearing a blocked ore pass at the company’s Driefontein gold operation in South Africa.
Nation to consider applications from platinum, diamonds mining companies exempted from requirement that they be at least 51 pct owned by black citizens.
South African competition authorities have approved the exchange of selected Sibanye-Stillwater's assets for a 38% stake in DRDGOLD Ltd.
The world's leading palladium producer is planning a joint venture with Russian Platinum.
Two employees were trapped underground and later died in a fall of ground incident at the company's Kloof gold mine.
Cyril Ramaphosa isn’t even president yet and mining companies are already changing their tune on South Africa.
Country is backing Prospect Resources’ (ASX:PSC) Arcadia lithium project, expected to generate that much revenue over eight years.
Increased automotive industry demand and a supply shortage boosted the price of palladium to an all-time high of $1,138.00 on Jan 15