August 2, 2018

Implats to Cut 13,000 Jobs and Reduce Shafts to Stem Losses 

13,000 jobs to be slashed as the local platinum industry grapples with rising costs and weak prices for the precious metal.

July 26, 2018

Platinum’s worst may soon be over despite record bearish bet

Platinum’s near the lowest in a decade and hedge funds have never been so bearish -- and that could be good news for prices.

July 23, 2018

Amplats reports jump in H1 earnings, buys Glencore’s stake in Mototolo platinum mine

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.

July 17, 2018

Lakes, rivers near abandoned mine sites likely source of antibiotics

Canadian researches came to such conclusion after spending years examining waterbodies located within five kilometres of abandoned mine sites.

July 17, 2018

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

July 9, 2018

2,500 job cuts weren’t enough for world’s no. 2 platinum miner

Implats isn’t the only one facing difficulties, with about half of the industry’s production estimated to be unprofitable.

July 8, 2018

South Africa mines minister delays finalisation of draft mining charter

Uncertainty around the charter has deterred investment into a sector that accounts for 8 percent of gross domestic product in the world's top platinum producer.

July 5, 2018

S. Africa seeks re-opening of shuttered mines to boost economy

Mineral Resources Minister Gwede Mantashe believes mines on care and maintenance are bad for the economy.

July 2, 2018

CHARTS: Halfway through 2018 and the mining rally is over

“China’s buoyant mood is giving way to concerns around tightening credit and a slowing manufacturing sector."

July 2, 2018

Platinum price plunges to 14-year low

Platinum prices drops 5% on Monday to lowest since July 2004 as US–Europe car trade spat adds to precious metal's woes.