Platinum Investing News

Platinum Outperforms Gold in Janurary

Melissa West — Thu, 02 Feb 2012 22:07:50 +0000

CNBC reported that even as gold rose to a two-month high, it was no match for platinum which continues to outpace the yellow metal in 2012.

17,200 Miners Fired at Impala Platinum Mine

Melissa West — Thu, 02 Feb 2012 22:04:39 +0000

Bloomberg reported Impala Platinum Holdings Ltd. (JSE:IMP) fired 17,200 workers after an illegal pay strike halted its Rustenburg mine.

Anooraq, Anglo American Agree to Restructure, Refinance Bokoni Group

Melissa West — Thu, 02 Feb 2012 22:02:17 +0000

Anooraq Resources Corporation (TSXV:ARQ,NYSE:ANO,JSE:ARQ) and Anglo American Platinum Limited (LSE:AAL) announced they will restructure and refinance the Bokoni platinum group projects.

BGS Supply Risk List: Why Platinum Is On It

michelle — Thu, 02 Feb 2012 12:15:44 +0000

Platinum is one of the elements considered at high risk of supply disruption according to the British Geological Survey. Want to know why?

Platinum Rises on Positive Economic Output Data

Melissa West — Wed, 01 Feb 2012 22:55:24 +0000

CNBC reported platinum and other precious metals rose in trade on Wednesday on positive economic data from the United States.

18,000 Workers on Strike at Implats’ Rustenberg Mine

Melissa West — Wed, 01 Feb 2012 22:51:14 +0000

Reuters reported Impala Platinum (JSE:IMP) said on Wednesday that 18,000 workers are on strike at its Rustenberg mine.

Absa Sells All Implats Stakes on Falling Platinum Prices, Rising Costs

Melissa West — Wed, 01 Feb 2012 22:48:35 +0000

Bloomberg reported Absa Group Ltd. sold all its shares in Impala Platinum Holdings Ltd. (JSE:IMP) as platinum prices continue to fall and the outlook for South African mines is bleak.

South African Stocks: Platinum Miners Up and Down

Melissa West — Tue, 31 Jan 2012 21:58:39 +0000

Bloomberg reported South African stocks saw unusual trading on the FTSE/JSE Africa All Share Index on Tuesday with platinum miners moving in both directions.

Everest Platinum Mine Under Review After Strike and Stoppage

Melissa West — Tue, 31 Jan 2012 21:55:13 +0000

Bloomberg reported Aquarius Platinum Ltd. (ASX:AQP,LSE:AQP) is reviewing the Everest platinum mine after a two-week strike, safety stoppage and low prices have made the mine impractical.

Narrowing Platinum-Gold Spread as Gold Remains at Premium

Melissa West — Tue, 31 Jan 2012 21:49:12 +0000

Kitco reported the spread between platinum and gold is narrowing as the price of platinum rises, although it seems unlikely platinum will overtake gold any time soon.