The Globe and Mail reported that although Anglo American Platinum Ltd. (OTCMKTS:AGPPY) is currently committed to staying in the platinum business in South Africa, the company will not hesitate to drop its assets there if they do not perform.
Articles Tagged "Anglo American Platinum"
The Morgan Stanley Mining and Metals Tracker indicates that a platinum price recovery may be coming next year, as per Proactive Investors United Kingdom. The firm notes that Anglo American Platinum Ltd. (OTCMKTS:AGPPY) is on its way toward withdrawing 250,000 ounces of production from its Rustenburg facility, a move that will bring the market into deficit.
Bloomberg reported that Anglo American Platinum Ltd.'s (OTC Pink:AGPPY) profits for the first half of 2013 nearly doubled compared to the year-ago period. The company will release its full earnings report "on or about July 22."
Bloomberg reported that striking workers at two of Anglo American Platinum Ltd.'s (OTC Pink:AGPPY) operations returned to work today.
Conflict between the NUM and AMCU, two South African unions, is largely behind the strikes at Anglo American Platinum's operations.
The Wall Street Journal reported that platinum — along with palladium — rose today as about 5,600 workers at Anglo American Platinum Ltd.'s (OTC Pink:AGPPY) Thembelani and Khuseleka mines began a wildcat strike Sunday night.
Violent South African mining labor strikes shocked the globe in 2012, but the resulting negotiations underway could create more stable supply flows in the long term—that's how CPM Commodity Analyst Erica Rannestad sees it. In this interview with The Metals Report, Rannestad discusses the key developments that could signal a price rise and which producers could clean up big on high-priced PGMs.
Johnson Matthey's Platinum Today reported that as part of its efforts to "improve on the uses of platinum," South Africa's government is going to partner with Ballard Power Systems Inc. (TSX:BLD,NASDAQ:BLDP) and Anglo American Platinum Ltd. (OTC Pink:AGPPY) to begin field trials of a "methanol-fuelled 'home generator' prototype product designed for use in off-grid residential applications."
Mineweb reported that on Saturday, Anglo American Platinum Ltd. (OTC Pink:AGPPY) said that operations at its South Africa-based Thembelani mine have returned to normal. On Friday, a "group of employees" had prevented 2,400 workers from returning from underground.
Thomson Reuters GFMS believes that platinum prices could rise to nearly $1,600 this year. South African supply will play a major role in determining whether that happens.