The transaction would create the world’s No.2 platinum producer as Lonmin is the world’s third-largest while Sibanye-Stillwater is the fourth.
Platinum Mining News
In just five years, Anglo assembled marketing operations that now sell more metals than the company produces.
Although about half of South African output is estimated to be unprofitable, few companies are reducing production by a meaningful amount.
Implats is confident of having adequate cash while restructuring its operations and cutting its workforce despite reporting a wider full-year loss.
Drilling at new projects up 57% as spending on gold exploration reaches 21-year high.
Unlike US space agency NASA, Luxembourg Space Agency (LSA) will not carry out research or launches. Its purpose is to boost exploration, mining and commercial utilization of resources extracted from near earth objects.
Lonmin has been the biggest casualty in South Africa's platinum mining industry.
Some in the industry see this move as a prelude to a potentially broader deal with bigger miner Anglo American.
Platinum miner Zimplats on Friday reported a 94 percent drop in after-tax profit to $2.6 million after incurring a higher deferred tax charge.
Over the past six months, platinum’s price has continued its multi-year decline, falling below $800 – close to its lowest level in a decade.
Researchers say the alloy could save the electronics industry more than $100 million a year.
The Polokwane smelter is becoming environmentally friendlier.
Manganese X Energy now wants a taste of the cobalt market.
Advancing a nickel-copper-PGE sulphide deposits and gold in Western Australia.
Implats said on Monday that it expects its full-year loss to widen due to impairments relating to its Rustenburg assets.
Things are looking better for the second half of the year and 2019, but remain challenging in many areas, with platinum and gold prices falling.”
Platinum has been caught in a broad sell-off as investors rush to the safety of the dollar.
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.
Imports of jewelry, precious metals and stone products would be under the microscope.
Price for scarce precious metal rhodium is up 270% in two years.
Sibanye-Stillwater is due to report half-year results on August 23.
13,000 jobs to be slashed as the local platinum industry grapples with rising costs and weak prices for the precious metal.
Platinum’s near the lowest in a decade and hedge funds have never been so bearish -- and that could be good news for prices.
Anglo American Platinum kept the dividend tap flowing as it reaps the benefits of a pivot to mechanised mining that has lifted productivity and cut costs.
Canadian researches came to such conclusion after spending years examining waterbodies located within five kilometres of abandoned mine sites.