Implats to Stay in Zimbabwe Despite Difficulties
Reuters reported Impala Platinum (JSE:IMP) said it will stay in Zimbabwe despite the government’s demands for the company to hand over ownership to citizens.
Archive for February, 2012
Jewelers Turning to Platinum in Place of Gold
Bloomberg reported platinum jewelry sales are rising as gold bullion prices have reached too high for consumers.
Rustenberg Platinum Mine May Reopen Next Week
Bloomberg reported miners on strike at Impala Platinum’s (JSE:IMP) Rustenberg mine are planning to return to week next week.
RBPlats and Others Say Consolidation in Platinum Sector is Inevitable
Mineweb reported Royal Bafokeng Platinum (FWB:7BF) CEO, Steve Phiri said the industry is likely to continue to consolidate as partnerships are a key part of the miner’s business model.
Implats Loses About $263 Million in Income at Rustenberg Mine
Reuters reported Impala Platinum (JSE:IMP) said on Tuesday the costs of an illegal strike at its Rustenberg mine have reached 100,000 ounces and a loss of income of about $263.66 million.
Platinum Up As Silver Soars
Reuters reported all precious metals including platinum were up on Monday with a slightly weaker dollar and a soft stance from the ECB.
Sylvania Platinum to Sell Iron Ore Assets, Refocus on Platinum Group Metas
Mining Weekly reported Sylvania Platinum (ASX:SLP,LON:SLP) is moving forward with its plans to dispose of its iron ore assets.
Impala to Rehire Majority of Fired Workers
Bloomberg reported Impala Platinum (JSE:IMP) said it is willing to rehire 15,000 or the 17,200 miners who have been on strike for four weeks in an effort to resume production at the Rustenberg mine.
Bankers Appointed to Advise African Rainbow on Platinum Deals
Bloomberg reported African Rainbow Minerals Ltd. (JSE:ARI) has appointed merchant banks to advise it on potential platinum deals.
The Case for Being Bullish on Platinum
Forbes reported platinum prices are only to get higher on short supply and violent politics in South Africa.
