Reuters reported that Kazakh miner ENRC has warned its investors of “significant” writedowns and said minority stakes such as its 13.5% interest in Northam Platinum will be affected.
Articles Tagged "Anglo american"
Reuters reported that platinum hit a 3-month high on Monday and is in close proximity with gold, as the possibility of supply outages in South Africa triggered a buying frenzy.
The Globe and Mail reported that Anglo American PLC (PINK:AAUKY) has appointed Mark Cutifani as the new CEO. Mr. Cutifani faces tough challenges ahead, particularly with the company’s platinum arm in South Africa.
A brief overview of platinum price developments, supply and demand and significant market movers.
Mineweb reported an interview with Anglo American's (LSE:AAL) CEO, Cynthia Carroll regarding the platinum industry and the company's recent decline in value.
Bloomberg reported Anglo American (LSE:AAL) stocks continued to slide after reporting a first-half profit plunge of 46%.
Mining Weekly reported Anglo American's (LSE:AAL) Twickenham platinum project is 20% complete after a capital referral extended the project by two years.
According to recent reports there may be a surplus, but prices should rise above current levels.
Bloomberg reported Anglo American plc. (LSE:AAL) said platinum output fell 24 percent in the first quarter from a year earlier after it shut a plant for maintenance, with fewer safety stoppages stemming the drop.
Reuters reported Anglo American (LSE:AAL) plans to build a 450 MW power plant in South Africa to supply electricity to its platinum subsidiary Anglo American Platinum.