Northam Platinum Holdings has trumped fellow JSE-listed miner Impala Platinum’s (Implats) agreement to buy out Royal Bafokeng Platinum (RBPlat) with its own R17 billion deal for a major 33.3% stake in the South African PGMs producer. The controversial new sale of shares agreement between Northam and...
The chief executive of Sibanye-Stillwater has floated the idea of South Africa’s biggest mining companies merging to rival the world’s largest gold producers Newmont and Barrick Gold. Neal Froneman said he believed that combining Sibanye with fellow JSE-listed miners Gold Fields and AngloGold Ashanti would be...
The implementation of a nationwide lockdown to contain the spread of COVID-19 in South Africa caused total mining production to fold by 47.3% in April, compared to the same month in 2019. Official data released yesterday by Statistics South Africa revealed that mining output also contracted...
As South Africa’s platinum giants continue wage talks with labour unions, it has emerged that producers could push towards a pay settlement figure given to gold miners by Sibanye-Stillwater earlier this year. Sibanye agreed to increase the pay of workers at its three gold mines by...
The world’s biggest platinum mining companies will meet with South Africa’s labour unions this month to negotiate a three-year wage deal, in one of the first tests of Cyril Ramaphosa’s new presidency. Ramaphosa’s African National Congress (ANC) clinched South Africa’s general election last week by its...
South Africa-focused miner Lonmin (LSE:LMI) will move its head offices from Johannesburg to its Marikana operations in a cost-cutting strategy. The platinum producer reported a half year operating loss of US$199 million, compared to a loss of $21 million the previous year, as the firm was...