All was steady and quiet on the Western front ahead of labor statistics being released this morning. Gold prices turned overnight losses of nearly $6 into only marginal dipped this morning, while the US dollar continued to slip amid whopper earnings reports – such as those offered up by JPMorgan this morning. For full story, [...]
Anglo Platinum, the world’s leading producer of the metal, said first-half earnings per share slipped 65 percent to 75 percent from a year earlier after commodity prices declined. For full story, click here
Anglo Platinum declared for the half-year ended June 2009, its headline earnings per share are expected to be between 90% and 99% lower than the HEPS of 3,563 cents for the half-year ended June 2008. For full story, click here
Aquarius Platinum, a producer of the metal in southern Africa, rallied for a second day after the company declared that it’s preparing to reopen its Everest mine in South Africa seven months after closing it. For full story, click here
Aquarius Platinum, a producer of the metal in southern Africa, declared that it’s preparing to reopen its Everest mine in South Africa, seven months after closing it with the loss of almost 2,000 jobs. For full story, click here
Eastern Platinum declared a producer of the precious metal in South Africa, about 500 contract workers ended an “illegal sit-in” at its Crocodile River Mine today following successful mediation. For full story, click here
Building on a legacy of questionable involvement in Africa, the Chinese are at it again in Zimbabwe. For full story, click here
South African mining production slipped 14.5 percent in May from a year earlier after companies including Anglo Platinum Ltd. and Xstrata Plc cut output of metals as slowing economic growth around the world reduced consumption. For full story, click here
South Africa’s ruling African National Congress declared that it was open to discussing demands by its labor union allies to consider nationalizing the country’s mines, which lead world production of platinum and rank No.3 in gold. For full story, click here
Platinum Guild International has launched a Platinum Chains catalog on the internet, to cater to the growing demand for platinum chains in the international market. For full story, click here
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