Anglo Platinum Ltd., producer of two-fifths of world supply of the metal, declared a 5.7 percent dip in first-quarter output after prices fell and said it has cut about 5 percent of its workforce. For full story, click here
RBCCM warns on platinum group metal prices, platinum ETFs, and the pricing of the top platinum stocks, like Anglo Platinum. For full story, click here
Anglo Platinum fell 3.48 percent to 498 rand in today’s trading session. For full story, click here
Anglo Platinum hiked 26 rand, or 5.2 percent, to 526 rand, bringing its gain in the last three days to 16 percent. For full story, click here
Based on the aggregated intelligence of 130,000-plus investors participating in Motley fool caps, global mining giant Anglo American known for its well run platinum mining operations has earned a respected four star ranking. For full story, click here
South Africa’s mining deaths for 2009 had jumped to 30, following an accident at platinum producer Anglo Platinum’s Waterval smelter, outside Rustenburg. For full story, click here
Anglo also announced a 3% fall in 2008 pre-tax profit to $8.57bn (£6bn) and warned that 2009 would be tough. For full story, click here
Mining giant Anglo American has said it is to cut an additional 9,000 jobs as the global economic downturn hits demand for raw materials. For full story, click here
Platinum mining faces the biggest risk because of the global slowdown in vehicle manufacturing. Anglo Platinum is looking to cut 10 000 jobs and Lonmin Platinum could terminate as many as 6 600 jobs. For full story, click here
The world’s largest platinum miner, Anglo Platinum, has announced that it plans to retrench 10,000 employees during the course of 2009 while maintaining its production at the 2008, 2.4-million-ounce level. For full story, click here
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