Platinum catch-22 prevents miners tapping the hottest metals

South African miners face a conundrum: increasing palladium and rhodium output to take advantage of soaring prices risks depressing the already fragile market for sister metal platinum.

Bloomberg News | November 22, 2019 | 9:26 am

Russian businessman Potanin says he may raise stake in Nornickel

Potanin currently owns 34.6% of Nornickel, the world's largest palladium producer with a market value of $43.6 billion.

Reuters | November 20, 2019 | 9:20 am

Nornickel plans to cut dividends to boost investment

The company plans to cut dividends in 2023-2025 and expects to resume payouts once it starts to generate more cash after 2025.

Reuters | November 18, 2019 | 9:28 am

South Africa’s platinum mining firms, top union end ‘titanic battle’ as they seal wage deal

The deal comes as a relief to the sector, where officials were fearful of a repeat of a five-month platinum strike in 2014-2015 which crippled production and hurt the economy.

Reuters | November 15, 2019 | 9:01 am

Zimbabwe to enforce “use it or lose it” policy for mining assets

Zimbabwe will vigorously enforce a policy to force companies to develop their mining assets and not keep the land for speculative purposes.

Reuters | November 13, 2019 | 9:05 am

South Africa’s AMCU mining union seals platinum wage deals

South Africa's biggest platinum mining union has sealed wage agreements with Anglo American Platinum, Impala Platinum, and Sibanye-Stillwater.

Reuters | November 12, 2019 | 10:13 am

Impala’s Zimbabwe mine is said to be in talks on Amplats land

The purchase of the claims by the Mimosa mine, which is jointly owned by Impala and Sibanye Gold, could be finalized by the end pf the year.

Bloomberg News | November 11, 2019 | 10:06 am

Palladium One stock surges on upsized private placement

The company will now issue up to approximately 63 million units at a price of C$0.06 per unit.

Jackson Chen | November 6, 2019 | 1:29 pm

Anglo American says Eskom a major risk as it mulls growth

Eskom, which produces about 95% of South Africa’s power, has been forced to implement rolling blackouts that caused economic output to contract the most in a decade in the first quarter.

Bloomberg News | November 6, 2019 | 7:49 am

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Sibanye-Stillwater’s first-quarter core profit jumps 78%

Implats Q3 production rises by 4%

Nornickel improves 2021 production outlook

Nornickel expects full output to resume at flooded mine this month

Nornickel to minimise 2020 final dividend, considers buyback

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