Implats warns of potential further restructuring due to a weak PGM market, impacting Impala Canada and Marula’s operations, despite improved interim financial results.

Northam Platinum's half-year profit halved and dividend was slashed due to weak PGM prices, with operating profit falling 55.2% to R1.1 billion despite a 3.7% increase in production

Zimplats' half-year production dipped due to power interruptions and poor machinery availability, leading to a revenue decrease, though the Bimha mine redevelopment was completed.

Anglo American Platinum is furthering its commitment to green hydrogen's global advancement through investments and partnerships.

Anglo American is unbundling Anglo American Platinum (Amplats), aiming for completion by June 2025, amidst a struggling PGM market, retaining a 19.9% share initially and planning a full exit over time, while Amplats faces financial challenges despite declaring dividends.

Sibanye-Stillwater reported a narrowed annual loss due to higher gold prices and cost-cutting measures, but its shares fell 9% as investors focused on the negative impact of lower platinum group metal (PGM) prices

Keep up-to-date with industry insights and company announcements across the Platinum market