Platinum is anything but hot right now, but one empowerment group has seen a shareholder revolt around the control of a potential mine in Rustenburg.
The platinum spot price has increased to a three-month high pushing the JSE platinum stock index to a nine-month high amid potential supply limits.
A fall in platinum supplies has moved the market into a deficit of 400 000 ounces in 2012 as SA sales reach their lowest levels in over a decade.
South Africa's economic growth will remain subdued in the medium term due to unrest in the platinum sector and a weak global economic environment.
The killing of 44 people during the violent strike at Lonmin mines has highlighted the depth of internal politics between mining unions NUM and Amcu.
Amplats has signalled it plans to trim loss-making shafts as producers of the metal grapple with depressed prices and a rise in union militancy.
The IDC has invested in a platinum mine which hopes to create 9 000 jobs and use a unique process to make it more energy efficient.
Impala Platinum has dismissed 13 000 employees, bringing to 17 200 those sacked since the start of a labour dispute almost two weeks ago.
China is set to take control of a small South African mining company and to build a new platinum mine in the country, a spokesperson said on Wednesday
Lonmin has shut down its number one furnace at Marikana in North West following a production incident on Sunday, the company said on Monday.
Every night, John Lepota heads to the communal TV room at his mineworkers compound to faithfully check the latest platinum price on the evening news.
In British street slang, when something is good it's "diamond". In Rustenburg, another underground treasure, platinum, is the adjective of prestige.
Jabu Maphalala of the South African Chamber of Mines on Wednesday said the R1,8-billion boost for mining outlined in the budget was a welcome relief.
Aquarius was "working hard" to reduce costs and capital expenditure to improve profitability, the platinum miner said on Wednesday.
Lonmin, the world's third-largest platinum producer, on Thursday reported platinum sales of 126 202 ounces in the quarter to end December 2008.
Nearly 2Â 000 mine workers will lose their jobs following a decision by Aquarius Platinum to suspend operations at its Everest mine.
SA should see a "modest" rise in platinum output in 2009 after a decline this year, but long-term mine expansions will be restricted by power supply.
Impala Platinum's (Implats) R21,2-billion bid for Mvelaphanda Resources and Northam Platinum has moved a step closer to formalisation.
Platinum eProducts responds to what they consider unfair reporting by Maya Fisher-French relating to the company.
Impala Platinum Holdings (Implats), the world's number-two platinum producer, on Thursday posted a 57% rise in headline earnings per share to R20,65.