The United States has reportedly warned Zimbabwe about its growing economic dealings with Russia after Harare recently sealed an agreement with Moscow for a US$3billion platinum mine.
According to Herald columnist Nathaniel Manheru, who is thought to be President Robert … Read the rest
Diversified mining firm Anglo American might sell its platinum assets in South Africa, valued at $1.4 billion (R15bn), next year, Deutsche Bank speculated yesterday in a note.
A sale would increase fair value for Anglo’s stock by 13 percent to … Read the rest
Bloomberg reports that China’s Long March Capital Ltd., which partners with Citic Group Corp., is considering buying South African platinum assets after their value was depressed by strikes, the company’s Managing Partner Clement Kwong said.
The company is now reviewing … Read the rest
South African President Jacob Zuma said on Monday that mining companies were almost engaging in “blackmail” when they announce plans to close mines and lay off workers.
Zuma’s pre-recorded comments broadcast on CNBC Africa come as the government, unions and … Read the rest
A significant increase in the supply of platinum from recycling, a strong fall in demand for autocatalysts and price-elastic Chinese jewellery demand are combining to hobble the platinum mining industry.
(Amplats) CEO Chris Griffith tells Mining Weekly Online in the … Read the rest
Police used rubber bullets and teargas to disperse a group of people gathered near Anglo American Platinum (Amplats) in Rustenburg on Wednesday, said a spokesman.
“Police dispersed people trying to gather illegally. As we have said, we are not tolerating … Read the rest
Read also: 18 dead in Lonmin shootout
South African police opened fire on Thursday against thousands of striking miners armed with machetes and sticks at Lonmin’s Marikana platinum mine, leaving several bloodied corpses lying on the ground.
