Amplats says 2022 refined PGM output fell 25%, 2023 outlook unchanged

The power outages could cut South Africa’s output of platinum-group metals by a fifth this year.

The mining industry has been struggling to hit production targets, hurt by everything from floods and droughts to creaking infrastructure and political instability.

Currently, the company produces 200,000 tonnes of copper and 25,000 tonnes of cobalt annually at the mines across the central African copper belt.

Neal Froneman said he had "moved on" from the idea he floated two years ago of merging Sibanye with its South African peers.

Over the years, the country has struggled to attract significant foreign investment.

A total of 1,946 serious injuries were reported in 2022, down from 2,123 a year earlier, report shows.

The first launch, scheduled for April, will test AstroForge’s technique for refining platinum from a sample of asteroid-like material.

Potanin was placed on a US sanctions list as part of wider measures targeting people close to Vladimir Putin.

Gold price may hit an average of $1,862 this year, up from its record average of $1,802 in 2022, says the investment bank.