Platinum Sales Drop, SA Miners Hurt

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Mon, Oct 26, 2009

Though platinum prices have near doubled to 1350/oz this week from a low of 732/oz last October, for the miners in South Africa, it is still an uphill task.

Platinum miners in South Africa are in a quandry. Production reports on Thursday from two of SA’s biggest platinum miners for the September quarter, showed management continuing to battle with labour and restructuring issues.

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