Platinum Investing News» cut

Impala Cuts Spending and Output Plans After Price decline

Melissa — Mon, 23 Feb 2009 07:16:46 +0000

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

Anglo American to cut an additional 9,000 jobs

Melissa — Fri, 20 Feb 2009 09:00:38 +0000

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 said planned reduction

Melissa — Fri, 13 Feb 2009 10:07:54 +0000

Eastern Platinum Ltd said planned reduction in reserve development, which began late November, included temporary suspension of Crocette mine. For full story, click here

Melissa — Thu, 12 Feb 2009 06:32:58 +0000

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

Lonmin Plc may cut 1,500 permanent jobs

Melissa — Wed, 11 Feb 2009 04:26:55 +0000

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 May Slash Spending 40%

Melissa — Mon, 09 Feb 2009 05:42:30 +0000

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

Lonmin May Cut 5,400 Jobs After Platinum Declines

Melissa — Tue, 02 Dec 2008 11:58:10 +0000

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

Lonmin to cut more than 1 000 mine jobs

Melissa — Fri, 21 Nov 2008 04:19:19 +0000

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 Cuts Platinum Mine Capacity

Melissa — Tue, 18 Nov 2008 19:25:19 +0000

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