IRON ORE
ARM leans on PGMs as coal, iron ore disappoint
- Liesl Peyper
ZIMBABWE
Tharisa to raise $300m bond for Karo Platinum
THARISA, the JSE-listed platinum and chrome miner, is preparing an initial five-year $300m bond with the proceeds aimed at plugging the balance of its $545m Karo Platinum project in Zimbabwe. Meetings with…
SIBANYE STILLWATER
“Juicy” mine ripe for expansion, says Sibanye-Stillwater’s Stewart
SIBANYE-Stillwater CEO Richard Stewart described the firm’s recently approved R5.5bn Mt Lyell copper project in Australia as “juicy” with significant resource expansion potential. It also contained…
GHANA
Policing illegal miners isn’t working. What will?
WHEN 87 illegal miners died underground at Stilfontein in 2024 – and 1,826 surfaced from abandoned shafts – the event was a symptom, not an aberration. The uncomfortable truth for South Africa is that illegal…
PALLADIUM
AI, robots and shrinking supply drive Northam’s PGM growth plans
Northam Platinum is betting that new uses for platinum group metals in artificial intelligence, data storage, electronics and robotics will add to demand at a time when South African mine supply is falling.…
DIVIDEND
Northam posts record payout after sharp earnings rise
NORTHAM Platinum reported a sharp rise in annual profit after higher platinum group metal prices lifted revenue and cash generation, allowing the miner to declare a record final dividend of R10 a share, up…
SIBANYE STILLWATER
Sibanye earnings set to surge on higher gold, PGM prices
SIBANYE-Stillwater is set to report a sharp rise in earnings for the first half of 2026, supported by higher gold and platinum group metal (PGM) prices and steady operations. The miner expects headline…
MINING
Valterra silent on Northam as deal speculation mounts
VALTERRA Platinum is increasingly considered the possible source of an unsolicited approach to Northam Platinum, with analysts pointing to the strategic fit between the companies’ assets and processing…
NORTHAM PLATINUM
Valterra asset level deals most logical option for Northam
IMPALA Platinum and Sibanye-Stillwater distanced themselves from an offer for Northam Platinum on Tuesday, which means Valterra Platinum is the only one likely to have an appetite for a further one million…
PLATINUM
Northam seeks bids amid “exploratory” offer from rival
NORTHAM Platinum has enlisted offers for either a corporate- or asset- deal after disclosing on Tuesday it had received an “exploratory” offer for the company from a rival platinum group metal miner.…
ZIMBABWE
Karo Platinum secures 25-year mining deal in Zimbabwe
THARISA’S Karo Platinum project in Zimbabwe has secured a 25-year Special Mining Lease Agreement with the Government of Zimbabwe. This, the company says, provides the tenure and fiscal certainty needed to…
SIBANYE STILLWATER
Can this be the PGM market’s next big thing?
THE hydrogen economy was supposed to be platinum’s salvation, but it is turning out to be the lightest of lifelines. Deployment of electrolyser capacity, the technology that positioned green hydrogen as an…
ZONDEREINDE
Northam heads for record earnings on PGM price surge
NORTHAM Platinum is set to report record full-year earnings, with sharply higher PGM prices providing much of the lift. The PGM producer is due to publish audited results for the year ended June on 28 August,…
MORGAN STANLEY
For Sibanye-Stillwater, home is where the ore is
SIBANYE-Stillwater got its name as a result of offshore expansion, but following a damaging decline in metal prices that exposed its balance sheet, its new CEO is promising a homegrown approach to mining.…
SOUTH AFRICA
Southern Palladium awarded mining right for Bengwenyama
THE South African government awarded a mining right to Southern Palladium’s Bengwenyama project, the exploration and development firm said today. Johan Odendaal, MD of Southern Palladium, described the award…
PLATINUM
Wesizwe Platinum to cut staff 70% as rips up mining plan
WESIZWE Platinum has unveiled drastic measures after failing to commission its Bakubung mine in South Africa’s North West province, announcing today it would rip up its production plans and reduce 70% of its…