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PGM PRODUCERS: Amplats output from own managed mines down 4% in second quarter

JOHANNESBURG - Anglo American Platinum said on Thursday output from its own managed mines decreased by four percent to 633,600 ounces in the second quarter of 2019, due to lower production from Mogalakwena and Mototolo.

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PGM PRODUCERS: Amplats maintains full-year guidance

Anglo American Platinum (Amplats) still expects to achieve its full-year metal-in-concentrate production guidance of 4.2-million to 4.5-million platinum group metal (PGM) ounces.

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PGM PRODUCERS: Amplats sees production uptick in Q2

Kumba Iron Ore and Anglo American Platinum (Amplats) – both part of the Anglo American stable – have come out with their productions numbers for the six months ended June 2019. Amplats reported total platinum group metals (PGM) production up 1% at just over 1.1 million ounces.

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ESKOM: Eskom to pay Nedbank R900m in interest before month end

  • Date: 18-07-19
  • Category: ESKOM
  • Source: Fin 24

Eskom is due to pay over R900m in interest to Nedbank Corporate and Investment Banking before the end of the month, it said in a notice on Wednesday evening.

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ESKOM: Powerless residents take to the streets

  • Date: 18-07-19
  • Category: ESKOM
  • Source: Daily Maverick

Tired of constant power outages, residents of several communities across Johannesburg have over the past three weeks taken to the streets in protest. But Eskom’s ageing infrastructure is only part of the problem.

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PGM PRODUCERS: Implats plans to embark on $250m debt-to-equity swop

JOHANNESBURG - Cash-flush Impala Platinum (Implats) yesterday announced plans to embark on a $250million (R3.48billion) debt-to-equity swop to bolster its balance sheet while making the most of the reprieve of surging metal prices and the weak exchange rate.

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ZIMBABWE: Government suspends tax on raw platinum exports

  • Date: 17-07-19
  • Category: ZIMBABWE
  • Source: Chronicle

GOVERNMENT has suspended plans to effect a 15 percent tax on raw platinum exports by January 2022 following commitment by platinum mines to set up credible refinery plants and capital inflows within the sector.

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TRANSACTION: Amplats Section 11 approval in respect of the disposal of 33% interest in the BRPM joint venture

  • Date: 17-07-19
  • Category: TRANSACTION
  • Source: Anglo American Platinum

Shareholders are referred to the Company’s announcement on 12 December 2018 announcing the completion of the disposal of 33% interest in the Bafokeng Rasimone Platinum Mine (BRPM) joint venture, and to the Royal Bafokeng Platinum Limited (“RBPlats”) announcement published on the Stock Exchange News Service on 17 July 2019 regarding the disposal by Rustenburg Platinum Mines Limited (“RPM”), a wholly-owned subsidiary of Anglo American Platinum, of its 33% interest in the Bafokeng Rasimone Platinum...

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