March 6, 2024

Platinum’s worst crisis in decades hits jobs in South Africa

The nation’s platinum sector — which accounts for about 70% of global output — has been a key export industry.

March 6, 2024

Platinum deficit in 2024 to be deeper than expected – WPIC

Platinum demand surged 25% in 2023, seen down 6% in 2024.

March 5, 2024

Sibanye falls to $2 billion loss, weighs capital raise if metal prices worsen

CEO Neal Froneman said Sibanye may consider a capital raise if the lower metal prices persist for longer.

March 1, 2024

Northam CEO says South African platinum miners facing worst crisis in decades

Platinum prices fell due to weaker growth in China and destocking by manufacturers post-Russia-Ukraine invasion.

February 29, 2024

Impala Platinum considers mine closures after profit slump

Decisions to mothball loss-making operations could be made within the next six months.

February 26, 2024

Legacy uses AI to discover platinum in Australia

Proponents predict AI will be indispensable to help the industry ramp up the supply of battery metals for the global energy transition to fight climate change.

February 23, 2024

Sibanye-Stillwater to cut 2,600 jobs in South Africa

The miner kicked off in October a restructuring process at its four loss-making mines that was expected to result in the loss of 4,095 jobs. 

February 22, 2024

Anglo American to review assets after writedowns and profit plunge

The miner has announced a $1.6 billion impairment charge on its De Beers diamond business owing to faltering demand.

February 22, 2024

TIMELINE: Anglo American’s efforts to tackle weak commodity prices

Anglo American said it will review its assets after a 94% plunge in annual profit.

February 21, 2024

In election year, South African mines bleed cash, jobs

The country's biggest mining investors are halting plans to spend billions of rand on new projects in response to a slump in profits.