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.
Continue reading "Lonmnin Plans to Provide Jobs to Locals at Marikana"
Friday, October 23, 2009
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, November 18, 2008
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.
Continue reading "Wall St. woes hit platinum"
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Monday, August 29, 2011