Wesizwe Platinum to cut 70% of staff as it abandons phased ramp-up plan
Wesizwe Platinum will cut about 497 of its 706 employees as it scraps a phased ramp-up at its Bakubung mine in favour of jumping directly to 3.5 million tonnes a year of ore.
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Platinum Week: analysts split on whether the rally can keep doubling
At London's annual Platinum Week, the World Platinum Investment Council warned against expecting another price doubling, while analysts highlighted AI-linked data storage and green hydrogen as emerging demand sources.
Tharisa secures fiscal stability deal with Zimbabwe for $545m Karo project
Tharisa reached agreement with Zimbabwe's government on fiscal stability terms for its $545m Karo Platinum project, including a 15% corporate tax rate and the right to remit dollars to service project debt.
Platinum's 2025 deficit revised to a record 1.1 million ounces
The World Platinum Investment Council's Q1 2026 report showed the 2025 platinum deficit revised up to a record 1.1 million ounces, with a further 240,000-ounce shortfall forecast for 2026.
WPIC sees fourth platinum deficit in 2026 despite first-quarter surplus
The World Platinum Investment Council recorded a 268koz platinum surplus in the first quarter of 2026 as ETF holders sold and mine supply rebounded, but still forecast a 297koz deficit for the year.
Sylvania Platinum profits jump in March quarter on higher PGM prices
Sylvania Platinum's adjusted EBITDA rose 61% to $47.8m in the March 2026 quarter as the PGM basket price climbed 28%, with the debt-free company on track to beat its full-year production guidance.
Valterra normalises Mogalakwena output as Amandelbult recovers from floods
Valterra Platinum's first-quarter 2026 production rose 7% year-on-year to 743,500 oz, with Amandelbult up 43% as it recovered from 2025 flooding, while the average basket price hit a five-year high.
Implats weighs Hartley, Darwendale and Karo as Zimbabwe growth options
Implats confirmed it is evaluating three potential Zimbabwean growth projects, the Hartley Complex, Darwendale and Karo Platinum, alongside its existing Zimplats and Mimosa operations.
Valterra Platinum highlights hydrogen as a coming demand driver for PGMs
Valterra Platinum's annual reporting suite said the hydrogen economy was set to be a broad, strongly growing demand sector for the PGMs it produces, citing partnerships with TotalEnergies and Johnson Matthey.
Platinum is back, but its miners are still shunning big growth bets
With PGM prices and producer share prices both sharply higher, South African platinum executives said they remain focused on debt reduction and brownfields projects rather than new mine investment.
Envusa's Mooi Plaats solar plant starts powering Anglo American's mines
Envusa Energy's 240MW Mooi Plaats solar plant has begun commercial operation, supplying wheeled renewable power to Anglo American-linked miners Kumba Iron Ore, De Beers and Valterra Platinum.
Implats doubles interim payout as cash surges on higher PGM prices
Impala Platinum's headline earnings rose 402% in its December half, prompting an interim dividend of R3.7bn that ran to 60% of adjusted free cash flow, double the group's normal payout policy.
Implats floats new 'vehicle' to consolidate Eastern Limb platinum mines
Implats is exploring a combined structure for its Eastern Limb platinum mines, arguing that assets north of the Dwarsrivier Fault have rarely been economically attractive on their own.
JSE's outperformance in February rides a precious-metals rally
Anchor Capital's February 2026 local market commentary said the JSE's continued outperformance was driven largely by a precious-metals rally following gold and platinum's January records.
Northam Platinum declares record R2.8bn interim dividend
Northam Platinum's headline earnings per share jumped to R15.24 in the six months to December 2025, funding a record R2.8bn interim dividend as PGM prices continued to climb.
Valterra Platinum caps maiden year with R5.3bn special dividend
Valterra Platinum's first full-year results as an independent company showed headline earnings up 98%, a swing to net cash, and total dividends of R45 a share including a R5.3bn special payout.
Northam expands credit facility to R13.3bn to fund green energy push
Northam Platinum increased its revolving credit facility from R2bn to R13.3bn to accelerate solar, battery storage and power-purchase projects aimed at cutting its reliance on Eskom.
Platinum's record rally resets after touching $2,923
Platinum touched an all-time high of about $2,923 an ounce in late January 2026 before pulling back, with the World Platinum Investment Council warning of further volatility.
Karo Platinum advances on the Great Dyke as ball mills arrive on site
Construction at the Karo Platinum project in Zimbabwe progressed with ball mills being installed and a dam expansion under way, as the Tharisa-backed mine works towards planned output of 190,000 oz a year.
Tharisa lifts FY2026 targets for both PGMs and chrome
Tharisa has guided FY2026 production of 145,000 to 165,000 ounces of platinum group metals and up to 1.65-million tonnes of chrome concentrate, building on a strong fourth quarter at its South African mine.
Valterra Platinum to trial underground mining beneath Mogalakwena
Valterra Platinum will begin trial underground mining at its Mogalakwena complex by late 2026, testing whether higher-grade ore beneath the Sandsloot pit can extend the mine's life well beyond its open pits.
Anglo American completes demerger of Valterra Platinum
Anglo American Platinum was demerged from its parent and renamed Valterra Platinum, listing separately in Johannesburg and London as Anglo American retained a residual stake it later sold down.
Ivanhoe books $193m profit as Kamoa-Kakula hits record output
Ivanhoe Mines reported a $193m annual profit and record copper output at Kamoa-Kakula for 2024, though a backup-power fire and an aggressive platinum expansion plan clouded the outlook.