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The first drop in platinum mine supply in four years and record car sales, the biggest source of demand, are reducing a surplus of the metal and shoring up prices on the brink of a bear market. Output will drop 4 percent to 6.14 million ounces ...
May 29, 2012 at 00:50 | Source: Bloomberg
Impala Platinum Holdings Ltd. (IMP), the world’s second-largest platinum producer, said third-quarter output of the metal fell 46 percent as union rivalry and a pay dispute prompted a six-week stay-away by workers. “The strike resulted in ...
May 29, 2012 at 12:10 | Source: Bloomberg
LONDON – Impala Platinum Holdings Ltd. (IMP.JO), the world's second-largest producer of the metal, Tuesday said it is still ramping up output from its largest platinum operation, the Rustenburg mine, following a six-week strike there which ...
May 29, 2012 at 07:09 | Source: FOXBusiness
South African platinum mining shares dropped to their lowest in more than three years as the metal erased most of this year’s gains, weighing on companies’ potential profitability. The FTSE/JSE Africa Platinum Mining Index (JPLAT) fell 3.7 ...
May 22, 2012 at 23:52 | Source: Businessweek
Platinum's sliding price stands at the mercy of competing "swing factors" that make forecasting prices and the market's balance between physical supply and demand particularly challenging. As the curtain fell on last week's Platinum Week—an ...
May 20, 2012 at 19:23 | Source: Wall Street Journal
HARARE, Zimbabwe -- Sixty-five miners are awaiting rescue underground at a platinum mine on Tuesday after conveyor equipment collapsed in southern Zimbabwe. National Mine Workers Union head Shadreck Pelewelo said that 20 miners were rescued ...
May 22, 2012 at 12:18 | Source: Huffington Post
7.11 Unit Cost after off 20 081 10 734** 12 970 10 414** reef capitalisation * Incorporates the recent six week strike at Impala Rustenburg. * Third party material impacted by the treatment of Lonmin material in the comparable FY2011 quarter. * The ex-mine ...
May 29, 2012 at 04:24 | Source: Stockhouse
I have Platinum status with Priority Club as well as Ambassador status with InterContinental Hotels (sort of a program-within-a-program). I never read about any welcome amenity that comes with being Platinum, but I got one anyway when I checked in to a ...
May 27, 2012 at 06:00 | Source: USA Today
JOHANNESBURG (Reuters) - South African stocks ended slightly higher on Monday as platinum mining stocks including Anglo American Platinum reclaimed lost ground after taking a beating for months. Shares of the world's largest platinum miner jumped 2.66 ...
May 28, 2012 at 15:53 | Source: YAHOO!