Tharisa priced a $300m, five-year bond on 11 September 2026 through its Arxo Finance subsidiary to complete construction of the Karo Platinum project in Zimbabwe, targeting first ore to the mill in late 2027.
Tharisa has secured a $300m five-year bond at an 11% coupon to fund the balance of its $545m Karo Platinum project, where first ore to the mill is now expected in the fourth quarter of 2027.
The World Platinum Investment Council has swung its 2026 forecast from a 297koz deficit to a 265koz surplus, blaming a 601koz cut to expected investment demand after ETF outflows in the first half.
The World Platinum Investment Council forecast on 9 September 2026 that platinum would run a 265,000-ounce surplus for the year, reversing an earlier deficit call after heavy first-half investment outflows.
Platinum Group Metals Ltd is studying a staged development of the Waterberg JV in Limpopo, with a feasibility study due by November. Implats, which holds just under 15%, says the new thinking is more appealing.
Impala Platinum lifted headline earnings to R22.9bn in FY2026 from R732m a year earlier as higher precious and base metal prices flowed through, and declared total dividends of 1,855c a share.
The FTSE/JSE All Share Index closed at 116,687.82 on 3 September 2026 as gold mining equities surged about 38% and PGM producers gained 21.6% during August.
Impala Platinum reported on 3 September 2026 that annual net income surged more than 40 times to R31bn as platinum prices rallied, allowing the group to raise its total dividend more than elevenfold to R17.1bn.
Northam Platinum set a Vision 2031 target of more than 1.5 million ounces of annual PGM sales, with chief executive Paul Dunne citing new industrial demand from artificial intelligence and robotics.
Northam Platinum's headline earnings per share rose 699% to 3,044.2c in the year to June 2026, and it raised its minimum dividend payout to 40% of headline earnings.
Northam Platinum said on 25 August 2026 it had received an unsolicited, non-binding approach from a major South African PGM producer, reported by Bloomberg to be Valterra Platinum, and invited rival bids.
Karo Platinum has signed a 25-year Special Mining Lease Agreement with the Zimbabwean government covering 23,903ha on the Great Dyke, giving Tharisa the tenure and fiscal certainty it needs to finish the mine.
Tharisa's Karo Platinum project has signed a 25-year special mining lease with the Zimbabwean government, though first production is now expected in 2027, three years later than originally planned.
South African PGM producers' realised basket price rose 85% year-on-year to $2,801 an ounce in the first half of 2026, as platinum, palladium and rhodium rallied together.
Sylvania Platinum produced a record 95,885 4E PGM ounces in the year to June 2026, though fourth-quarter revenue and EBITDA both fell sharply as the PGM basket price retreated 25% quarter-on-quarter.
Valterra Platinum is recovering most of its current Zimbabwean export proceeds through tax offsets and central bank payments, but there is still no solution for about $100m owed from previous years.
The Department of Mineral and Petroleum Resources says 33 miners had died in South African mines by late July 2026, with Impala Platinum's Rustenburg operation accounting for more than a third of the toll.
Valterra Platinum lifted interim EBITDA to R33.4bn from R6.6bn and declared R57 a share in dividends, a 70% payout, while leaving 2026 production and cost guidance unchanged.
Impala Platinum suspended its entire Rustenburg operation for a safety reset from 24 to 28 July 2026 after two fatal locomotive accidents in less than three weeks.
African Rainbow Minerals will spend R15.2bn over seven years redeveloping Bokoni in Limpopo, which it placed on care and maintenance in 2025, and will restart the Nkomati nickel mine for R753m.
Northam Platinum has commissioned the new 3 shaft at its Zondereinde mine in Limpopo, a R6.3bn project that took five and a half years and is designed to sustain and grow output from the operation.
Northam Platinum produced a record 1.69Mt of chrome concentrate in FY2026, with Eland's output up 49.5%, while refined PGM output from its own mines rose 4.4% to 938,754oz.
Mimosa, the Impala Platinum and Sibanye-Stillwater joint venture in Zimbabwe, is reviving a $130m life-extension project after PGM prices recovered from the lows that forced its suspension in 2024.
BMI cut its platinum and palladium price forecasts in mid-2026, citing shrinking global car sales and a recovering South African PGM supply chain.
