Anglo American Platinum opts for low-fat Rustenburg diet to entrench new slimmed-down culture

The world’s biggest platinum miner, determined to shed its fat-cat image of the past, has opted to live off low-grade Rustenburg leftovers rather than risk splurging out of capital on high-grade deep-shaft projects at a time when it says there...

Eskom positioned to power Angloplat growth – CEO

State-owned power utility Eskom was positioned to meet the growth requirements of Anglo Platinum, Angloplat CEO Neville Nicolau said on Monday. After reporting 532% higher headline earnings of R2,6-billion for the half-year to June 30 and keeping...

Northam Platinum likely to go to market for R3bn Booysendal – CEO

JSE-listed platinum miner Northam was likely to go to the market to finance the proposed R3-billion 1 200-employee Booysendal platinum mine in Mpumalanga province, its CEO Glyn Lewis said on Tuesday. Lewis said in reply to mining analyst Nic...

Implats withholding Zimbabwe project till govt ‘issues' resolved

Platinum major Implats is withholding further expansionary investment in Zimbabwe until the Zimbabwe government resolves "outstanding issues" and clarifies its latest indigenisation statements. Among those "outstanding issues" is the Reserve Bank...

Underperforming Marula platinum mine may close – Implats

The underperforming Marula platinum mine may be closed if it fails to return to operational profitability, Impala Platinum (Implats) CEO David Brown said on Thursday. Delivering 45% lower gross Implats profits of R9,8-billion, Brown said that the...