R/€ = 16.30 Change: -0.04
R/$ = 14.53 Change: -0.01
Au 1344.49 $/oz Change: 0.33
Pt 805.07 $/oz Change: 7.81


S&P revises Sibanye’s outlook to negative owing to liquidity concerns 

By: Nadine James     14th June 2019 Ratings agency S&P Global has revised its outlook for JSE- and NYSE-listed Sibanye Gold to negative, over concern about the gold miner’s ability to absorb potential near-term liquidity events. The agency cites factors such as upcoming wage negotiations at its South African platinum operations,... 

AMCU seeks basic wage of R17 000 for members in platinum sector 

By: Simone Liedtke     14th June 2019 The Association of Mineworkers and Construction Union on Friday announced that it would seek a monthly basic wage of R17 000 for its members when platinum wage discussions get under way later this month. The union represents about 60 000 members in the South African platinum sector. 

Defence blasts Ipid for shoddy investigation after Marikana shooting in 2012

By: African News Agency      14th June 2019 The police watchdog, Independent Police Investigative Directorate (Ipid) did not properly followed its mandate in its investigations of the Marikana 2012 massacre, the North West High Court heard on Thursday.  "I put to you that Ipid did not do its job as prescribed in the act, if you did your... 

Rights groups demand police accountability for Marikana massacre

By: African News Agency      11th June 2019 Rights' groups with interests in the 2012 Marikana massacre continue to ask why it took seven years to bring the police officers accused of killing mineworkers before the courts. The Socio Economic Rights Institutions (SERI) and Right to Know (R2K) made the statements on Monday during a protest... 

Lonmin says court sanctions scheme of arrangement

By: Simone Liedtke     7th June 2019 Platinum miner Lonmin, which is being bought out by Sibanye-Stillwater, on Friday announced that a court had sanctioned the scheme by which the recommended offer by Sibanye for the entire issued and to be issued ordinary share capital of Lonmin was being implemented. The scheme would become... 

Global miners respond to call to publish tailings dam details

By: Marleny Arnoldi     7th June 2019 Global mining companies have responded to a call by ethical investors working on a global standard for tailings dams to provide information about the facilities that they control, with several companies having published information about their tailings storage facilities (TSFs). These include... 

Anglo’s South African units confirm integrity of tailings dams 

By: Marleny Arnoldi     7th June 2019 The JSE-listed subsidiaries of global miner Anglo American have confirmed the structural integrity of their tailings dams, in line with a global call for better disclosure about tailings storage facilities (TSFs). Anglo American Platinum (Amplats) operates nine mineral residue facilities, of... 

After M&A spree, Sibanye is now the world's largest platinum miner

By: Bloomberg     30th May 2019 Six years after being carved out of a handful of unwanted gold operations, Sibanye Gold has become the world’s biggest platinum miner. Building on operations spun out of Gold Fields., Sibanye became the No. 1 miner in South Africa’s waning gold industry. Now, with the acquisition of Lonmin, CEO... 

Maphai to succeed Moloko as Sibanye chairperson 

By: Marleny Arnoldi     29th May 2019 Sello Moloko will step down as chairperson of JSE- and NYSE-listed Sibanye-Stillwater, effective September 30, and will be succeeded by nonexecutive director Dr Vincent Maphai, whose appointment is effective June 1. A statement by the miner on Wednesday said Moloko wants to focus on his other... 

Lonmin investors back Sibanye deal to create a platinum giant 

By: Bloomberg     28th May 2019 Lonmin investors have backed the platinum producer’s takeover by Sibanye-Stillwater, bringing to an end a company that was once part of a business empire synonymous with British capitalism in Africa. Sibanye’s all-share takeover was backed by 98.87% of votes cast at a meeting in London, based on... 

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