Platinum – Mining Weekly reported that Eastern Platinum on Monday announced that it will halt funding for the development of its South African Crocodile River mine due to poor global economic outlook, pricing issues, and the operating environment in South Africa.
Platinum – Mining Weekly reported Eastern Platinum (TSX:ELR,LSE:ELR) lost more in the third-quarter on lower prices and lowered production.
Platinum – Mining Weekly reported Eastern Platinum (TSX:ELR,LSE:ELR) said an impairment charge of $88-million resulted in a loss of $89-million for the second quarter.
Platinum – Platinum prices continue to fall as investors prioritize EU demand over potential supply constraints in South Africa.
Platinum – Eastern Platinum Limited (TSX:ELR,LSE:ELR,JSE:EPS) announced T. Rowe Price Associates, Inc. has acquired 10.9% of ordinary share capital in Eastplats.
Platinum – Mining Weekly reported Eastern Platinum (TSX:ELR,LSE:ELR) has closed contracts and completed tenders for its Mareesburg platinum project in South Africa.
Palladium – Reuters reported Eastern Platinum (TSX:ELR,LSE:ELR) reported a loss of C$64 million for the fourth quarter of 2011 on lower sales and production.
Platinum – Mining Weekly reported Eastern Platinum (TSX:ELR,LSE:ELR) saw a 30% reduction in sales of platinum as production was negatively impacted by a strike in 2011.
Platinum – Mining Weekly reported Eastern Platinum (TSX:ELR) has finalised a $100-million debt facility with UniCredit Bank and a Standard Bank unit.
Platinum – Eastern Platinum Limited (TSX:ELR,AIM:ELR,JSE:EPS) reported on mining and development at its platinum group metals projects in South Africa.
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