Wallbridge to Sale Platinum Stocks to Lonmin
Wallbridge Mining Company Limited (TSX:WM,FWB:WC7) announced Lonmin Plc (LSE:LMI) will acquire interest in Wallbridge's North Range platinum property.
Articles Tagged "lonmin plc"
Lonmnin Plans to Provide Jobs to Locals at Marikana
Bloomberg reports Lonmin Plc (LON:LMI) will provide more than 600 jobs for the Bapo Ba Mogale community that lives near its Marikana platinum mine.
Platinum Sales Drop, SA Miners Hurt
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?
Wall St. woes hit platinum
Platinum has been on a steady downgrade, falling since trading at a record $2,301.50 an ounce in March. A poor economic outlook eroding demand for jewelry and cars is responsible for the metal's flop.
