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PGM PRODUCERS: Northam increases its Zambezi Preference shareholding to approximately 70%

  • Date: 15-10-20
  • Category: PGM PRODUCERS
  • Source: Northam Platinum

Johannesburg, Wednesday 15 October 2020. Northam is pleased to announce that it has acquired an additional 37 179 697 Zambezi preference shares for a total cash consideration of approximately R3.5 billion. This brings Northam’s preference share holding in ZPLP to approximately 70%.

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PGM PRODUCERS: South African platinum mine tenders for 10 MW of solar

The Marula Platinum Mine in South Africa wants a 10 MW solar plant after claiming the unreliable electricity supply from financially-troubled state-owned utility Eskom has affected production.

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PGM PRODUCERS: Zimplats withholds dividend amid Covid-19 uncertainties

Zimbabwe-based platinum group metals miner Zimplats’ revenue for the financial year ended June 30 increased by 38% year-on-year to $868.9-million, mainly owing to an increase in the average prices of rhodium, palladium, gold and nickel.

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PGM PRODUCERS: Analysts raise precious metals expansion opportunities for cash-flush Sibanye

JOHANNESBURG (miningweekly.com) – Mining analysts last week raised local platinum and gold expansion opportunities for cash-flush precious metals mining company Sibanye-Stillwater, but Neal Froneman, the CEO of the superbly performing Johannesburg- and New York-listed company, expressed concern that South Africa’s current government environment is not conducive to investment.

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PGM PRODUCERS: Sibanye-Stillwater maintains debt-reduction drive

Sibanye-Stillwater shares have recovered some ground lost over the past two weeks after the company reported “neutral” half-year financial results and a fairly positive outlook for H2 under COVID-affected circumstances.

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PGM PRODUCERS: Sibanye-Stillwater reinstates dividend as higher metals prices boost earnings

JOHANNESBURG, Aug 27 (Reuters) - Sibanye-Stillwater has returned to an interim profit and reinstated its dividend as higher precious metals prices and a weaker rand currency boosted its earnings in the first half.

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PGM PRODUCERS: Platinum giant South Africa forced by Covid-19 to look into abyss

Beset by power and water shortages, alongside whipsawing government policies, South African producers have cut spending over the past decade on mines responsible for 75% of global platinum supply.

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PGM PRODUCERS: ROYAL BAFOKENG PLATINUM LIMITED - Condensed Consolidated Interim Results for the six months ended 30 June 2020

  • Date: 04-08-20
  • Category: PGM PRODUCERS
  • Source: Royal Bafokeng Platinum

The sudden and unprecedented shock caused by the COVID-19 pandemic has impacted all areas of business and society,affecting our employees, their families, friends and loved ones. RBPlat implemented measures designed to manage the impact and spread of the virus by continuing our operations within the broader national guidelines, as well as our own health and safety framework, while also limiting the economic impact on the community through our community support programme

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