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PGM PRODUCERS: Amplats to seek support for PGM downstream investment at industry’s August strategy meeting

ANGLO American Platinum (Amplats) CEO, Chris Griffith, hopes a meeting next month of the South African industry’s primary platinum group metal (PGM) producers will see the industry formulate a concerted plan to fund the market development of PGMs.

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ESKOM: Restructuring of Eskom debt inevitable

  • Date: 23-07-19
  • Category: ESKOM
  • Source: Herald Live

A restructuring of Eskom's more than R440bn debt load is inevitable and the only issue is deciding on the distribution of the costs, according to one of the country’s top business people.

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WAGE NEGOTIATIONS: Amplats warns Amcu on ‘unsustainable’ wage hikes

Anglo American Platinum drew a clear line on wage hikes as it kicks off its response to its majority union’s demand for a 45% rise in basic salaries.

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PGM PRODUCERS: Implats to approach bondholders in effort to take 2022 bond conversion to 99%

IMPALA Platinum (Implats) said it had received acceptances for 88% of its $250m convertible bond repayment, equal to $220m, and was hopeful of increasing acceptances to 99% by approaching bondholders unable to participate for “administrative reasons”.

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PGM PRODUCERS: Amplats set for shock-break and coarse particle recovery technology trials

  • Date: 23-07-19
  • Category: PGM PRODUCERS
  • Source: International Mining

Anglo American Platinum, in its June quarter results presentation, has provided further detail on a range of initiatives it is working on as part of its “P101” and FutureSmart™ initiatives.

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PGM PRODUCERS: RBPlat to post heavy interim loss owing to finance costs, Styldrift ramp up cost

ROYAL Bafokeng Platinum’s (RBPlat’s) Styldrift project was the focus of the platinum group metal (PGM) firm’s trading update on Tuesday which guided to a steep interim loss partly related to the newly commissioned project.

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LITHIUM: C$600m Pallinghurst backing for lithium junior Nemaska

  • Date: 22-07-19
  • Category: LITHIUM
  • Source: Mining Weekly

Junior miner Nemaska Lithium has potentially raised fresh capital to build the Whabouchi lithium mine and Shawinigan electrochemical, in Quebec, which faces cost overruns of about C$375-million.

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PGM PRODUCERS: Anglo Platinum 2019 Interim Results short form announcement

  • Date: 22-07-19
  • Category: PGM PRODUCERS
  • Source: Anglo American Platinum

Anglo American Platinum delivered another strong financial performance in H1 2019, with increased earnings, returns and operating cash flows, benefitting from strong market fundamentals which saw the US Dollar platinum basket price increase 16%, and coupled with a weakening rand, led to the ZAR platinum basket price increasing by 33% year-on-year.

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