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ARM expects to cash in on platinum price 2006-02-07 06:00:01 African Rainbow Minerals (ARM), South Africa's biggest black-owned mining group, expected higher headline earnings a share for the six months to December, due mainly to a higher platinum price, the company said yesterday. [Full Story...] Northam rebounds after slump 2006-02-02 11:00:01 South Africa's fourth largest platinum miner has rebounded from the effects of a slump in production to report a 427-percent rise in half-year operating profit. [Full Story...] Implats shareholders may get R3.3bn 2006-01-23 06:00:01 Impala Platinum Holdings (Implats), the world's second-biggest platinum producer, might distribute as much as R3.35 billion in cash to shareholders next month, Citigroup said last week. [Full Story...] Angloplat expects 60% surge in earnings 2006-01-20 06:00:01 The world's leading platinum producer Anglo Platinum (Angloplat) said yesterday that it expected annual headline earnings per share (EPS) to surge between 60 percent and 65 percent on the back of strong metal prices. [Full Story...] Zimplats plans to spend $100m a year in Zimbabwe 2006-01-20 06:00:01 Zimbabwe Platinum Mines (Zimplats), which is 87 percent owned by Impala Platinum (Implats), has plans to spend about $100 million (R605 million) a year over the next 20 years to exploit its deposits on Zimbabwe's Great Dyke. [Full Story...] Hedge funds drive platinum to 25-year high 2006-01-13 06:00:01 Platinum rose to the highest level since 1980 in London as hedge funds and other speculators bought the metal on expectations a supply squeeze will ensure returns that are better than those on stocks and bonds. [Full Story...] Implats holds talks with Zimbabwe 2005-12-08 06:00:01 Impala Platinum Holdings (Implats) had held talks with Zimbabwe's government over ways to develop its platinum deposits in that country, including entering partnerships, finance director David Brown said yesterday. [Full Story...] Pressure on Implats to pay out is building 2005-12-06 06:00:01 As much as R2 billion could be paid back to shareholders of Impala Platinum (Implats) after it pulled out of its Madagascan nickel project. [Full Story...] Automotive and jewellery industries sustain platinum as it heads for $1 000 high 2005-11-22 06:00:01 Solid fundamentals for surging platinum means it is in little danger of mimicking sister metal palladium, which shot up to $1 000 an ounce four years ago then collapsed to $150 as consumers found substitutes. [Full Story...] Lonmin to raise output by 42% 2005-11-17 06:00:01 Lonmin plans to increase platinum production by 42 percent to 1.3 million ounces over the next five years as it develops new mines in the country. Even as it expands output, demand for the metal will continue to outstrip supply in the near term, boosting prices, according to a report by Johnson Matthey. [Full Story...] Analysts split on whether platinum price will lift output 2005-10-17 06:00:01 Platinum output is due to rise next year as delayed expansions kick in, but analysts are divided on whether record-setting prices will quickly fuel even more supply. [Full Story...] Platinum Highway to expedite exports 2005-10-05 06:00:01 Gauteng exporters would save money and time as the R3 billion N4 Bakwena Platinum Highway would shorten the road distance between Gauteng and Walvis Bay in Namibia by about 500km, minister of transport Jeff Radebe said on Friday. [Full Story...] Angloplat shares fall after wage deal 2005-10-05 06:00:01 Shares in Anglo Platinum (Angloplat) fell as much as 5.1 percent yesterday after the world's biggest platinum producer confirmed that it had agreed to raise workers' wages by 7 percent from next July. [Full Story...] Angloplat agrees with unions 2005-10-04 13:01:01 The platinum mining giant says it has reached a satisfactory wage deal with unions, which includes increase for the next two years. [Full Story...] Smelter blast leads Angloplat to cut output forecast 2005-09-21 06:00:01 The world's top platinum producer, Anglo Platinum (Angloplat), yesterday lowered its 2005 production forecast after a blast shut its Polokwane smelter. [Full Story...] Platinum set for climb to heady heights 2005-09-19 09:18:01 The spot price of platinum could spike above $950 per ounce and could even test the $1 000 mark, says an industry analyst. [Full Story...] Angloplat's shut smelter 'wont hurt production' 2005-09-09 06:00:01 The Polokwane smelter of Anglo Platinum (Angloplat) would remain closed for weeks after an explosion, but no production would be lost, the company said yesterday. [Full Story...] Oil spike likely to lift platinum 2005-09-08 06:00:01 High oil prices were expected to spur interest in diesel vehicles in the US, which was bullish for platinum as the metal was used in emission control devices, Anglo Platinum (Angloplat), the world's biggest platinum producer, has said. [Full Story...] Profit slips but Aquarius Platinum steps up revenue and output 2005-08-12 06:00:01 Platinum producer Aquarius Platinum reported a sharp decline in annual net profit yesterday, knocking its shares. [Full Story...] Platinum on a winning streak 2005-08-10 06:00:01 The FTSE/JSE Africa platinum mining index has surprised many market watchers this year by drilling its way to the top of the index rankings, outstripping the all share's returns by over 10 percentage points. [Full Story...] Northam first-half output falls as result of deadly fire 2005-08-05 06:00:01 Northam Platinum yesterday posted a 4.5 percent fall in annual production of precious metals in concentrate after a fire that killed nine workers hurt output in the first half. [Full Story...] Platinum giant partners with Xstrata 2005-08-03 13:45:01 The joint venture between Anglo Platinum and Xstrata's alloys unit is expected to create more than 1 000 jobs and should run for about 20 years. [Full Story...] Platinum touches fresh 15-month high 2005-08-02 16:10:01 Spot platinum has touched a fresh 15-month high of USD911 an ounce on the revaluation of the Chinese yuan and continued buying of the metal in Asia. [Full Story...] Angloplat half-year results shine 2005-07-27 11:40:01 Mining company Anglo Platinum has posted strong results for the six months ended June 30, with headline earnings per share rising over 33 percent. [Full Story...] 'Two Rivers platinum project on schedule' 2005-07-20 11:50:01 A joint venture between African Rainbow Minerals and platinum miner Impala Platinum is on track and set to deliver 220 000 ounces of platinum group metals by 2006. [Full Story...] Zimplats wants a say in refinery discussions 2005-07-04 06:00:01 The Zimbabwean unit of Impala Platinum Holdings (Implats), which holds the rights to most of the country's platinum deposits, has asked to join government talks with Chinese investors who have proposed building metal refineries. [Full Story...] Implats shares at 17-month high on rand 2005-06-29 12:08:01 Shares in world number two platinum miner Impala Platinum (Implats) on Wednesday ticked up to a 17-month high on the weakness in the rand against the US dollar, analysts said. [Full Story...] Implats may lose mines as Mugabe looks to China 2005-06-28 06:00:01 President Robert Mugabe says the key to reviving Zimbabwe's ravaged economy is platinum, and he's asking China to help him get it. The loser may be Impala Platinum Holdings (Implats), which controls most of Zimbabwe's mines. [Full Story...] Lonmin hails deal with unions 2005-06-23 11:15:01 Lonmin and three major trade unions have signed a new labour agreement, which the platinum mining company says heralds a new era for relations between its management and the group's workforce. [Full Story...] |
