Platinum – Bloomberg reported that platinum fell to its lowest level in seven weeks in New York on reduced concern that the supply in South Africa will be disrupted, after the Association of Mineworkers and Construction Union signed an accord yesterday which will help keep peace and stability in South Africa’s mining industry.
Platinum – Bloomberg reported that platinum climbed 0.6% as workers were hit by security guards with rubber bullets at Anglo American Platinum’s South African Siphumelele mine.
Platinum – Bloomberg reported that platinum rose for the 2nd day thus widening its premium to gold even further, on concerns that there will be a supply deficit after the Zimbabwe government seized land from Zimplats Holdings Ltd.
Platinum – Bloomberg reported that platinum supplies have reached their lowest levels in 13 years as the world’s biggest producer of the metal has shut down its mines in South Africa. The increase in automobile sales has also contributed to the supply deficit.
Platinum – The Wall Street Journal reported that as Anglo American PLC threatened to close down its South African mines, the price of platinum has risen by 11.4% and has overtaken gold for the first time in almost a year.
Platinum – CNBC reported striking miners killed one man by setting him on fire Thursday while another was fatally shot, apparently by police, in rekindled labor unrest in South Africa.
Platinum – Atlatsa Resources Corporation (TSXV:ATL,NYSE:ATL,JSE:ATL) announced employees at the Bokoni platinum mines are on strike.
Platinum – Reuters reported South African miners on an illegal at Anglo American Platinum (LSE:AAL) defied management threats of dismissal on Friday.
Platinum – Mining Weekly reported Anglo American (LSE:AAL) says it will cut nearly $200-million out of the capital expenditure programme by year-end.
Platinum – CNBC reported Anglo American Platinum (LSE:AAL) shares fell in trade on Thursday following news the company expects revenue to drop.
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