Sibanye to slash output to turn around US palladium mines The miner recognized a $407 million impairment on the US operations due to a lower palladium price forecast. Bloomberg News | September 12, 2024 | 6:41 am
South Africa’s platinum output back to pre-covid levels on job cuts The World Platinum Investment Council says more than 10,000 jobs have been lost in 2024 amid falling PGM prices. Staff Writer | September 12, 2024 | 4:45 am
Zimbabwe’s biggest miners seek $182 million for solar projects Zimbabwe faces an energy shortfall that often triggers the state-owned power company to implement rolling blackouts. Bloomberg News | September 11, 2024 | 11:13 am
Anglo American nets over $400m from platinum unit share sale amid demerger plans An accelerated bookbuild offering of about 13 million shares of Amplats was launched on Tuesday. Reuters | September 11, 2024 | 6:17 am
Anglo American launches share sale in platinum unit amid demerger plans The shares on offer represent about 5% of Amplats' total issued ordinary shares. Reuters | September 10, 2024 | 10:15 am
EV slump powers platinum supply deficit, investment council says The price of platinum has fallen about 4% this year to about $950 per oz. Colin McClelland - The Northern Miner | September 10, 2024 | 7:04 am
Hybrid cars throw lifeline to platinum metals PGMs - principally platinum and palladium - face a long-term structural decline in demand as their main use has been to clean auto exhausts. Reuters | September 10, 2024 | 7:04 am
Rusal says board recommends not paying H1 dividend The company decided not to pay a final dividend for 2022 and did not pay for 2023. Reuters | September 6, 2024 | 6:52 am
African Rainbow Minerals pivots to chrome and copper after platinum price slump The basket price of PGMs fell about 40% last year and the slide has continued into 2024. Reuters | September 6, 2024 | 6:49 am
