AngloPlat to Test Fuel Cell Transport

Mining Weekly reported Anglo American Platinum (JSE:AAL) will test a fuel-cell powered mine locomotive in the fist half of the year.

Platinum to Stabilize at ‘Comfortable’ $1,800, Anglo Says

Bloomberg reported that Angloplat sees platinum prices to remain stable at current prices, as slowing demand for jewellery balances industry investment.

Anglo Platinum Dividends: Preserving Flexibility

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.

Anglo Platinum Raises Output Forecasts for 2011

Reuters reports that the global economic recovery has stimulated demand for platinum worldwide, prompting higher profits for Angloplat (JSE:AMSJ.J). The article is quoted as saying: Angloplat…said it plans to increase output to 2.6 million ounces this year, up from an initial target of 2.5 million ounces. To read the full article, click here.

Platinum Sales Drop, SA Miners Hurt

Though platinum prices have near doubled to 1350/oz this week from a low of 732/oz last October, for the miners in South Africa, it is still an uphill task. The SA government's talks to takeover ownership of mines could potentially scare off investors. How will the platinum producers operate in a constrained environment?

Anglo Platinum (Angloplat) plans to trim production, a South African union official said. For full story, click here