Platinum Top Stories

VIDEO: Cautious optimism in the mining sector as South Africa’s new government takes office

The sector employs nearly half a million people and contributes about 7% to the country's GDP.

Staff Writer | August 5, 2024 | 10:36 am

Nornickel sticks to production outlook despite furnace repairs

The miner reported on Monday a 1% drop in nickel…

Reuters | July 29, 2024 | 6:58 am

Sibanye delays results release as it recovers from cyberattack

Publication of its second quarter and first half results has…

Staff Writer | July 25, 2024 | 9:56 am

Anglo American takes fresh $1.6bn writedown on UK fertilizer mine

Charge weighed on the miner’s swinging to a loss and…

Cecilia Jamasmie | July 25, 2024 | 3:46 am

South Africa mines lobby urges caution on minerals export tax

A more than six-fold increase in electricity prices since 2008…

Bloomberg News | July 24, 2024 | 7:19 am

Palladium output cuts needed to bolster market, Northam CEO says

The company announced in February that it would pare back or pause development projects at its three operating mines.

Bloomberg News | May 31, 2024 | 9:16 am

How a rattled South Africa became Anglo’s best defence against BHP bid

More than 20% of Anglo shares are held by South African investors.

Reuters | May 30, 2024 | 7:04 am

Nornickel forecasts lower global nickel surplus, bigger palladium deficit

The miner expects surplus to be about 100,000 metric tons this year, down from a previous estimate of 190,000 tons.

Reuters | May 30, 2024 | 6:54 am

Mining M&A slips as firms lawyer-up to fight regulators

The value of deals in the industry declined 12.5% to $74.2 billion this year.

Colin McClelland | May 29, 2024 | 8:44 am

BHP walks away from proposed $49bn takeover of Anglo American

Less than an hour before the 5 p.m. UK cut off, BHP confirmed it had failed to secure Anglo’s board backing and would not proceed with the takeover.

Cecilia Jamasmie | May 29, 2024 | 4:05 am

BHP and Anglo remain split on South Africa as time runs out

BHP has until 5 p.m. London on Wednesday to commit to an offer.

Bloomberg News | May 28, 2024 | 10:32 am

Sibanye shareholders back conversion of $500 million of bonds to shares

Sibanye issued the convertible bonds in November last year, partly to fund the $156 million acquisition of a US-based recycling business.

Reuters | May 28, 2024 | 9:08 am

JPMorgan says BHP plan risks $4.3 billion South Africa outflow

Such an outflow, if a deal goes ahead, could weaken the rand.

Bloomberg News | May 27, 2024 | 7:05 am

BlackRock encouraged Anglo to extend talks with BHP

Anglo American was encouraged by key shareholders to continue engaging in talks with BHP over its proposed $49.18 billion mining merger.

Reuters | May 25, 2024 | 12:37 pm

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