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South Africa Inspecting Platinum Mine Safety Stops

January 27, 2012 @ 1:53 pm In Platinum Market News

Reuters reported South Africa's Chief Mine Inspector has set up a task team to review how and when platinum mines are shutdown due to safety concerns.

As quoted in the market news:

Lonmin, the world's number 3 producer, lost 177,000 tonnes production to safety stoppages in its first quarter, more than eight times the level of a year earlier and threatening full-year targets. Anglo American's Anglo Platinum last week voiced its concern about closures for inspections.

Click here to read the full Reuters report. [1]


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[1] Click here to read the full Reuters report.: http://www.reuters.com/article/2012/01/27/safrica-mines-idUSL5E8CR21M20120127

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