Platinum Australia Considers Partner for $170 Million Project
Bloomberg reported Platinum Australia (ASX:PLA)is considering a Chinese partner for its new $170 million project.
Bloomberg reported Platinum Australia (ASX:PLA)is considering a Chinese partner for its new $170 million project.
Bloomberg reported some companies on the FTSE/JSE Africa All Share Index (JALSH) saw unusual trade on Friday as the market fell for the first time in three days.
Bloomberg reported the FTSE/JSE All-share Index saw unusual trading on Thursday with Anglo Platinum (JSE:AAL) losing the most.
IBTimes reports NUM "overwhelmingly" accepted a wage offer from Anglo Platinum (PINK:AGPPY) that boosts pay rates by as much as 10 percent.
Bloomberg reports the FTSE/JSE Africa All Share Index fell for a third day, declining 327.12, or 1 percent, to 31,517.90 in Johannesburg.
Emerging economies have growing appetites for luxury. Trends reveal that platinum jewelry is one category of goods that are increasingly included on the shopping lists.
Mining Weekly reports that The contribution to production from joint ventures is expected to grow to as much as one million ounces a year.
The Financial Mail reports that the shadow of Anglo American (LON:AAL) looms even larger over its 79%-held subsidiary Anglo Platinum (JNB:AMS) after shareholders approved rebranding the company “Anglo American Platinum."
Financial Mail author Charlotte Matthews wrote that Anglo Platinum’s (PINK:AGPPY) decision to resume dividend payments after passing any distributions for the 2009 year as well as a 2010 interim dividend is both welcome and disappointing for shareholders.
Reuters reports that the world’s top platinum producer’s outlook is for a stable market with steady supply. The article states: Anglo Platinum…expects platinum prices to average at least $1,800 per ounce in 2011, its chief executive said on Monday. To read the full article, click here.
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