South Africa’s Platinum Miners Struggling
The closure of the Marikana mine shows that headwinds in South Africa are taking a toll on platinum miners.
The closure of the Marikana mine shows that headwinds in South Africa are taking a toll on platinum miners.
Reuters reported Eastern Platinum (TSX:ELR,LSE:ELR) said it is considering cutting jobs at its Crocodile River platinum mine to counteract the consequences of rising costs and lower prices.
Eastern Platinum Limited (TSX:ELR,AIM:ELR,JSE:EPS) reported mining operations at the Crocodile River Mine have been suspended following a fatal accident.
Canadian Bussiness reports Eastern Platinum Ltd. (TSE:ELR) says it will contest a class-action lawsuit that alleges they failed to disclose material changes at its mine.
Eastern Platinum Limited (TSE:ELR,AIM:ELR,JSE:EPS) reports a two year wage agreement has been reached with the National Union of Mineworkers.
Reuters reports that shares of Eastern Platinum Ltd (TSE:ELR) fell more than 17 percent, after the company posted a decline in its quarterly production.
Eastern Platinum Limited (TSE:ELR) announces updates on mining projects on the Eastern Limb of the Bushveld Complex in South Africa., specifically in regards to New Order Mining Rights, power delivery, and water supply arrangements.
Get our independent commentary on platinum trends and companies delivered to your inbox.