Eastern Platinum Resumes Mine Development and Projects
Platinum-miner Eastern Platinum (Eastplats) is positive about their Q2 2010 performance after reporting a low Q1 results on Wednesday. This is due to higher platinum group metals (PGMs) price trends at the start of 2010. Eastplats also confirmed that the company’s mining is now at a normal rate.
Eastplats CEO Ian Rozier is quoted as saying:
“As a result, while the realised basket prices that the company is receiving have improved since the lows of December 2008, these prices, in rand terms, are still nearly 50% below those recorded in July 2008 when prices reached their peak.”
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Wed, May 12, 2010
Post by Mike Rodger, Platinum Reporter