May 23, 2019

Biggest Africa investor goes to London for Lonmin decision

South Africa’s Public Investment Corp. faces a tough choice: back Sibanye Gold’s takeover of Lonmin, and take a hit on its investment, or scupper the deal and risk having to…

May 22, 2019

Zimbabwe mine output subdued in first quarter as dollar crunch bites

Gold deliveries to central bank unit Fidelity Printers and Refiners, which buys all the country's gold, declined to 6.5 tonnes from 7.3 tonnes during the January-March quarter.

May 20, 2019

S.Africa’s Amplats fires over 600 underground workers at its Mototolo mine

The company fired about half of the underground workers at its Mototolo mine following an illegal strike.

May 20, 2019

Sibanye keeps option to increase Lonmin offer against rival bid

Sibanye Gold reiterated that its increased offer for Lonmin is final, but kept its option open to sweeten the deal for the platinum producer should a rival bid emerge.

May 17, 2019

South African court clears way for Sibanye’s acquisition of Lonmin

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.

May 16, 2019

Sibanye-Stillwater plans to resume dividend payments in 2020

The company also expects to halve the amount of job cuts previously announced in the gold division to around 3,000.

May 15, 2019

Army puts backers off multibillion-dollar Zimbabwe platinum mine

A plan to build Zimbabwe’s biggest platinum mine at a cost of about $4 billion is floundering because a military stake in the project has deterred potential backers.

May 15, 2019

Platinum firms gear up for tough South Africa wage talks

A rise in producer profits is likely to provoke higher wage demands from labour unions including the militant AMCU.

May 15, 2019

Lonmin likely to cut fewer jobs due to revenue boost – CEO

Higher prices for a basket of Lonmin's metals and a weaker South African rand helped the London-listed miner to an annual pre-tax profit in 2018, its first since 2013.

May 13, 2019

Platinum market is turning a corner as supplies start to tighten

Prices of the metal mostly used in autocatalysts are off to the best start to a year since 2016 as investors flock back to exchange-traded funds.