Platinum Investing News» lonmin plc

Lonmnin Plans to Provide Jobs to Locals at Marikana

Melissa West — Mon, 29 Aug 2011 16:46:04 +0000

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

Melissa — Fri, 23 Oct 2009 07:29:46 +0000

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

Melissa — Wed, 19 Nov 2008 04:37:23 +0000

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.