Beartooth Platinum Corporation declared that it has entered into an agreement with Nevoro Inc. regarding the purchase and sale of the property, plant and equipment comprising the Stillwater Complex currently owned by Beartooth. For full story, click here
Lonmin Plc, the world’s third-biggest platinum producer, declared that it has closed down its No. 1 furnace on Sunday due to a production incident, and commenced up three other furnaces with about half the capacity. For full story, click here
South Africa’s rand slipped as the price of gold and platinum, the country’s leading exports, slid and the dollar gained after Russia’s Finance Minister said his nation has full confidence in the U.S. currency. For full story, click here
Alcoa declared that it has completed the sale of one of its units to a California based private equity firm. For full story, click here
Platmin Limited announced that mining activities have resumed at the Pilanesberg Platinum Mine following the temporary suspension of operations reported earlier this week. For full story, click here
South African mineworkers at Anglo Platinum are demanding a 15 per cent pay surge from the world’s leading producer of the precious metal. For full story, click here
Platinum Underwriters declared that it has closed yesterday at $29.66. So far the stock has hit a 52-week low of $21.38 and 52-week high of $38.76. Platinum Underwriters stock has been showing support around 28.77 and resistance in the 30.17 range. For full story, click here
Corporate activity in SA’s platinum sector has picked up, with the platinum price holding above 1000/oz since mid-February and above 1200/oz so far this month. For full story, click here
Platinum prices are expected to tick up in 2010 as a bottoming out of the economic slump leads demand for the white metal to stabilise. For full story, click here
Xstrata Plc. is still happy with a major stake in Lonmin Plc, but may have paid too much for it, the firm said, denying an analyst report that the CEO regretted the move. For full story, click here
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