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?
Continue reading "Platinum Sales Drop, SA Miners Hurt"
Tuesday, February 17, 2009
Jobs could be at risk at Kumba Ore if the global market weakened to such an extent that its sales fell substantially below production, the group warned For full story, click here
Continue reading "Jobs could be at risk at Kumba Ore"
Wednesday, February 11, 2009
The world’s largest platinum miner, Anglo Platinum, has announced that it plans to retrench 10,000 employees during the course of 2009 while maintaining its production at the 2008, 2.4-million-ounce level. For full story, click here
Continue reading "Anglo Platinum plans to give pink slips"
Thursday, November 20, 2008
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
Continue reading "Lonmin to cut more than 1 000 mine jobs"
For upcoming platinum investing trade shows, see the following links: World Platinum Congress, Cambridgehouse, IIC, Chicago Resource Expo
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The Platinum Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
ResponsibleMiner.com is a new web site with a wiki for mining companies and suppliers can discuss best practices in the mining industry. Also, check for profiles of companies doing great things to improve mining best practices.
Friday, October 23, 2009