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PGM PRODUCERS: SA mines shut operations because of Eskom

SA's mining companies shut their underground mining operations and processing plants on Monday night because of unprecedented power cuts by monopoly electricity supplier Eskom. BusinesLIVE reported that Impala Platinum, the world's third-largest platinum miner, and Harmony Gold both said they had stopped their night shifts because of the power shortages.

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PGM PRODUCERS: Investec Asset Management raises Sibanye shareholding to 5.40%

Specialist investment manager Investec Asset Management has increased its shareholding in precious metals miner Sibanye-Stillwater to 5.40%.

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PGM PRODUCERS: Tharisa profits dive 83% as output declines

Nov 28 (Reuters) - Miner Tharisa Plc on Thursday reported a nearly 83% plunge in its annual pretax profit as production of platinum group metals and chrome concentrates fell.

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PGM PRODUCERS: Implats finalises NAP bridging facility ahead of December 4 shareholder vote

SHAREHOLDERS of North American Palladium (NAP), the Toronto-listed company for which Impala Platinum (Implats) bid $758m, are to vote on the proposed cash transaction on December 4.

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PGM PRODUCERS: Implats to decide if it wants to develop Waterberg project

TSX- and NYSE-listed Platinum Group Metals (PTM) expects its Waterberg joint venture (JV) partners to approve the project’s definitive feasibility study (DFS) next month, while approval of a mining right is also pending.

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PGM PRODUCERS: SA miners’ conundrum: palladium and rhodium output poser for platinum

Miners in SA face a conundrum: increasing palladium and rhodium output to take advantage of soaring price risks depressing the already fragile market for sister metal platinum.

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PGM PRODUCERS: Amcu signs platinum deal and plans for new battle

  • Date: 22-11-19
  • Category: PGM PRODUCERS
  • Source: North East Tribune

The Association of Mineworkers and Construction Union (Amcu) finally signed the wage deal with platinum producers after four months of negotiations but vowed that the battle against job losses in the industry is about to begin.

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PGM PRODUCERS: Northam proves doubters wrong as platinum firm snaps up Zambezi shares for value

NORTHAM Platinum had overcome doubts about its ability to buy back shares in Zambezi Platinum for value after securing about 23% of the company’s stock since August.

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