Bloomberg reported that according to Momentum Asset Management (Pty) Ltd., the bonds of South African platinum companies are likely to outperform the debt of gold producers in 2014. That's largely because prices for the two metals are going in opposite directions.
Articles Tagged "implats"
Bloomberg reported that members of the Association of Mineworkers and Construction Workers (AMCU) have voted to go on strike at Impala Platinum Holdings Ltd.'s (OTCMKTS:IMPUY) biggest mine. Implats has not yet received a strike notice.
Bloomberg reported that yesterday, Aquarius Platinum Ltd. (ASX:AQP,LSE:AQP) took its biggest fall in five months on news that it plans to open a second shaft at its Mimosa platinum mine, located in Zimbabwe. Companies in Zimbabwe must cede project stakes to local investors.
The Wall Street Journal reported that platinum futures came close to an eight-week high today on the back of worries about disruptions in supply from South Africa.
Bloomberg reported that Impala Platinum Holdings Ltd. said the government of Zimbabwe wants 50% of its mining claims in the country, or about 27,948 hectares of land.
FM reported Impala Platinum's (JSE:IMP) reported its platinum operations are working at about 80% production levels compared to production before strikes.
Mineweb reported Impala Platinum's (JSE:IMP) ex-CEO, David Brown said accusations that he kicked off the recent spate of wild-cat strikes by negotiating and settling with illegally striking workers is misplaced.
Reuters reported South Africa's FTSE/JSE Africa All Share Index rose as investors started buying in beat down companies again.
Bloomberg reported Impala Platinum (JSE:IMP) is ready to release numbers showing two of South Africa's major unions both have about 50% of the workforce as member, giving neither group majority control.
Bloomberg reported Impala Platinum's (JSE:IMP) Zimbabwe unit is on track to begin building its platinum refinery.