Impala Platinum seeks tenders for Marula tailings facility

Now a $2 billion stock, Stillwater Mining gaps higher again on Monday as South Africa-Russian supply picture darkens.

CEO Mark Cutifani said the Rustenburg operations were no longer considered one of the company’s core assets.

Palladium breaks through $800 to two-and-a-half year high as lease rates double and ETFs attract 270,000oz in two weeks.

Defying all expectations of a continued rally, palladium lost 3% and platinum fell back to pre-strike levels on Monday.

What works well for gold may work for PGM, too.

The now three-month strike over pay in the country's platinum belt has forced Amplats to declare a force majeure on a long list of suppliers.

The frequency of TB among mineworkers is ten times higher than the level of a health emergency as defined by the World Health Organization (WHO).

Earlier this month the company said it would not hit its sales guidance of 750,000 ounces of platinum annually, as it has already lost 90,000 ounces since the strike began.

Platinum miners said the financial cost of the strike doesn’t really tell the full story, as the real victims are those suffering from hunger, lack of businesses and increased violence on the streets.