Loading...
See More

SA platinum mines eye Zim

Nov 19 2012 10:19

Mine strife has hit the platinum sector hard. (Leon Sadiki/City Press)

Company Data

Lonmin plc [JSE:LON]

Last traded 0
Change -0,11
% Change 0
Cumulative volume 1406945
Market cap 17.72bn

Last Updated: 24-10-2014 at 04:28. Prices are delayed by 15 minutes. Source: McGregor BFA

AQUARIUS PLATINUM LIMITED [JSE:AQP]

Last traded 0
Change 0,13
% Change 0
Cumulative volume 1512067
Market cap 4.59bn

Last Updated: 24-10-2014 at 04:15. Prices are delayed by 15 minutes. Source: McGregor BFA

Anglo American Plat Ltd [JSE:AMS]

Last traded 0
Change -3,74
% Change 0
Cumulative volume 145357
Market cap 97.16bn

Last Updated: 24-10-2014 at 04:27. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Amplats' Zim unit may build new mine

Amplats to transfer Zim mine to locals

Shabangu: Stop sanctions on Zim diamonds

Zim miners to get 7.5% pay hike

Zim miners to face greater tax scrutiny

Analysts slam Zim mining policy

 
Johannesburg - Platinum mining companies are expected to ramp up operations in Zimbabwe after production dropped to an 11-year low in South Africa, Business Day reported on Monday.

Anglo American Platinum [JSE:AMS] (Amplats) said it was planning a new mine in Zimbabwe, after it lost at least 170 000 ounces of platinum during an eight-week strike.

Amplat's subsidiary Unki Mines' chief financial officer Colin Chibafa said the new mine could double Zimbabwe's platinum output.

Impala Platinum [JSE:IMP] (Implats) recorded a surge in first-quarter platinum production from its Mimosa mine, which was a joint venture with Aquarius Platinum [JSE:AQP].

The mine said on Friday that the mine had recorded an increase in both tons milled and grade, resulting in an improvement in platinum production.

However, its Zimplats operation saw production fall by 11% because of a scheduled smelter shutdown in August and September.

Zimbabwe and South Africa hold 75% of the world's platinum reserves.

Foreign investor sentiment in South Africa took a knock after the country's mining industry was plagued by wildcat strikes.

On August 16, 34 striking workers at the Lonmin [JSE:LON] platinum mine in Marikana, were shot dead during a confrontation with police.

amplats  |  implats  |  lonmin  |  aquarius platinum  |  zimbabwe  |  platinum
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
15 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...