Impala Platinum reduced spending on new projects and company’s output targets after the price of the metal fell from a record last year. Chief Executive Officer David Brown said: Impala will produce 2.1 million ounces of platinum in 2012, 8.7 percent less than previously planned. For more information, 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
Eastern Platinum Ltd said planned reduction in reserve development, which began late November, included temporary suspension of Crocette mine. For full story, click here
Lonmin Plc, the world’s third-largest platinum producer, may cut 1,500 permanent jobs at its Limpopo mine. For full story, click here
Anglo American Plc, the world’s biggest platinum producer, may cut spending plans for next year by more than 40 percent, reduce platinum output and delay iron- ore projects as metals prices sink. For full story, click here
The world’s third-largest platinum producer, may cut as many as 5,400 jobs, or about 17 percent of its workforce, after prices plunged. For full story, click here
As many as 21 000 people employed by or dependent on income from the platinum mining and supplier industries could experience a body blow in the month ahead. For full story, click here
Lonmin Plc will cut at least 50,000 ounces of annual output, halt expansion and reduce the workforce at its London headquarters after the metal plunged 64 percent. For full story, click here
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