platinum Tag

Anglo American has reported a 6% year-on-year production rise for the second quarter of 2018, driven by higher copper and metallurgical coal output. Copper production increased by 12% to 158,000 tonnes, driven by higher grades, while coking coal soared by 33% to 5.3 million tonnes, but...

Anglo American has released positive third quarter results including an increase in production guidance for its Kumba Iron Ore subsidiary. The world’s fifth-largest miner has lifted Kumba’s production guidance by an additional 1 million tonnes (Mt) to between 42-44Mt for 2017. The overall rise is based on...

South Africa-focused miner Lonmin (LSE:LMI) will move its head offices from Johannesburg to its Marikana operations in a cost-cutting strategy. The platinum producer reported a half year operating loss of US$199 million, compared to a loss of $21 million the previous year, as the firm was...

Shareholders of Sibanye Gold have approved the company’s US$2.2 billion buyout of US-based Stillwater Mining, which was agreed back in December 2016. Following a recent shareholder meeting, the South African miner announced that 82% of the firm’s shareholders voted in favour of the deal. This conclusive vote...

Anglo American (LSE:AAL) has reported a 9% rise in its overall output for the first quarter of 2017, compared with the same quarter last year, but a 3% fall in copper output. The drop in copper production has been attributed to poorer quality ore in Chile,...

Sibanye Gold Ltd (JSE:SGL) said it might increase the size of a planned share to sale to US$1.3 billion, almost double the original figure for the sale, in order to fund the purchase of Stillwater Mining Co (NYSE:SWC). The $2.2 billion acquisition of Stillwater, a Montana-based...

Zimbabwe’s largest platinum miner Zimplats (ASX:ZIM) will triple its reserves thanks to a new platinum mine in the country. Zimplats’ holding company Impala Platinum (JSX:IMP) announced the go-ahead for the US$264 million Mupani mine. The new underground mine will replace production from the Rukodzi and Ngwarati...