Anglo American has confirmed today that its total attributable refined pgm production surged by 18.6 per cent on a year-on-year basis in the first quarter of 2009.
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Thursday, April 30, 2009
Platinum headed for its first monthly dip since October as demand from the auto industry slumped, cutting consumption of the metal used to make catalytic converters.
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Thursday, April 30, 2009
Anglo Platinum Ltd., producer of two-fifths of world supply of the metal, declared a 5.7 percent dip in first-quarter output after prices fell and said it has cut about 5 percent of its workforce.
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Wednesday, April 29, 2009
The proposed transaction consists of two phases. In the first phase Aquarius Platinum has intended to acquire the business of Firstplats, comprising mining rights, properties and related fixed and movable mining assets of certain portions of the Brakspruit and Spruitfontein farms in the Bushveld Igneous complex in North West province.
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Read the full article: "Competition Tribunal has approved Aquarius..."
Wednesday, April 29, 2009
Platinum rose $5.50 at $1,093 an ounce after falling as low as $1,066.50 on Tuesday, its weakest since March 19, to track declines in equities markets.
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Read the full article: "Platinum declared a near month low"
Tuesday, April 28, 2009
NYMEX July platinum PLN9 slides $58.00, or 5.0 percent, to $1,092.30 an ounce, after hitting a session low of $1,071.10, which marked the weakest price since March 19.
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Tuesday, April 28, 2009
Citigroup Inc. announced that it has dropped coverage of the world’s biggest platinum producers after analyst Gerhard Engelbrecht left to join Barnard Jacobs Mellet Holdings Ltd.
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Tuesday, April 28, 2009
Central African Mining and Exploration Company Plc. declared that progress to date at its Todal joint venture’s Bokai platinum project in Zimbabwe has been exceptional.
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Monday, April 27, 2009
Platinum declined last week; and continued the trend this Monday as uncertainty over the future of US automaker GM put the metal’s near future demand outlook into question. In the current state of the economy, the auto industry is unable to lend support to platinum; but the metal may get some relief from rising safe haven appeal.
Read the full article: "Automaker uncertainty bad news for platinum"
Monday, April 27, 2009
ARM business development director Dan Simelane announced that the company is particularly interested in Zimbabwe’s vast platinum resources.
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Read the full article: "ARM considers $300 million investment"
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Thursday, April 30, 2009