Platinum Investing News » Impala Cuts Spending and Output Plans After Price decline

Impala Cuts Spending and Output Plans After Price decline

February 23, 2009 @ 12:16 am In Platinum Company News

Impala Platinum reduced spending on new projects and company's output targets after the price of the metal fell from a record last year.

Chief Executive Officer David Brown said:

Impala will produce 2.1 million ounces of platinum in 2012, 8.7 percent less than previously planned.

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