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Headcount to be reduced by almost a fifth after 71% plunge in profitability
Guidance comes after closing South African processing plant
Company veteran regarded as a potential candidate for parent group’s top job to leave after more than 7 years in charge
Silver-white metal has soared as supply has failed to match demand from carmakers
After a spectacular run its outperformance should come to an end this year
Strike-hit platinum producer to push ahead with shake-up
Mark Cutifani says commodity slump still has further to run
Mining group forced to cut valuations as world commodities markets founder
Metal’s woes are emblematic of South Africa’s wider problems
The once muscular platinum miner is struggling with falling prices and expensive operations
The miner’s pattern of raising cash, refinancing debt and spending it is all too familiar
Industrial unrest is an increasing concern for companies in South Africa
Precious metal producer unveils investment cuts and shaft closure, amid commodities downturn
Only options are to cut costs and hope prices recover
More than ever, miners need a sustained pick-up in auto industry demand
London-listed group will miss its own informal deadline to put forward a plan for assets
Management posts to be axed as precious metal miner reels from falling prices and rising costs
Restructuring has cost one in 14 workers their job since police killings at Marikana in 2012
Smaller miners have cut spending to stay solvent — but may be unprepared when demand recovers
International Edition