Platinum Top Stories

Sibanye seeks to loosen borrowing restrictions as earnings plunge

Sibanye CEO Neal Froneman said in the update that declining earnings could impact the company's debt covenants.

Reuters | May 10, 2024 | 9:23 am

Rio Tinto has not ruled out bid for Anglo American — report

While Rio has a smaller market capitalization than rival BHP,…

Cecilia Jamasmie | May 10, 2024 | 6:45 am

Anglo American’s South Africa investors open to improved BHP bid

The investors, who collectively hold more than 15% of Anglo…

Reuters | May 9, 2024 | 2:32 pm

Platinum set for biggest deficit in a decade in 2024, says Johnson Matthey

The autocatalyst maker said it expected the platinum market's deficit…

Reuters | May 8, 2024 | 4:12 pm

South African unions urge Anglo holders to reject BHP bid

BHP’s proposal includes a plan for Anglo to spin off…

Bloomberg News | May 7, 2024 | 7:48 am

TIMELINE: Anglo American’s efforts to tackle weak commodity prices

Anglo American said it will review its assets after a 94% plunge in annual profit.

Reuters | February 22, 2024 | 6:49 am

In election year, South African mines bleed cash, jobs

The country's biggest mining investors are halting plans to spend billions of rand on new projects in response to a slump in profits.

Reuters | February 21, 2024 | 7:54 am

Sibanye-Stillwater flags $2.5bn write-down on metals prices collapse

Miner expects to report a 91% drop in annual profit for 2023 due to a sharp decline in metals prices and operational problems.

Cecilia Jamasmie | February 21, 2024 | 5:52 am

Amplats plans to cut thousands of jobs after profit plunge

Anglo American Platinum's profit plunged by 71% last year.

Reuters | February 19, 2024 | 7:56 am

Sibanye-Stillwater, Heraeus team up to save palladium

The miners will explore new uses for PGMs, particularly palladium, in the hydrogen market amid weak demand for the metal.

Cecilia Jamasmie | February 15, 2024 | 5:29 am

Palladium price heads for biggest one-day gain in two months on short covering

Last week, palladium had fallen below platinum for the first time since 2018.

Reuters | February 14, 2024 | 9:48 am

Alaska Energy boosts contained nickel at Nikolai project to 8 billion lb.

The new resource includes 813 million tonnes of indicated material grading 0.29% nickel equivalent.

Staff Writer | February 12, 2024 | 9:20 am

Nornickel’s 2023 profit slumps 51% on falling metal prices

Nornickel expects a further decline in its nickel and palladium output this year, due to geopolitical risks and postponed furnace repairs.

Reuters | February 9, 2024 | 7:54 am

Zimbabwe takes full control of controversial state miner

Kuvimba holds some of Zimbabwe’s best mining assets, which were once owned by a company controlled by US- and UK-sanctioned tycoon Kudakwashe Tagwirei.

Bloomberg News | February 8, 2024 | 11:07 am

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