Anglo Platinum Ltd., producer of two-fifths of world supply of the metal, declared a 5.7 percent dip in first-quarter output after prices fell and said it has cut about 5 percent of its workforce. For full story, click here
Continue reading "Anglo Platinum slashed output, cuts about 5% of jobs"
Tuesday, April 21, 2009
Aquarius Platinum Ltd., the world’s fourth-biggest producer of platinum, reported on Tuesday it swung to a net profit in its third quarter to end-March as higher precious metal prices and a weaker rand outweighed lower output. For full story, click here
Continue reading "Aquarius Platinum swinged to Q3 profit"
Monday, February 23, 2009
Impala Platinum reduced spending on new projects and company’s output targets after the price of the metal fell from a record last year. Chief Executive Officer David Brown said: Impala will produce 2.1 million ounces of platinum in 2012, 8.7 percent less than previously planned. For more information, click here
Continue reading "Impala Cuts Spending and Output Plans After Price decline"
Thursday, January 29, 2009
Norilsk Nickel says nickel, platinum and palladium output to fall from previously planned levels. For full story, click here
Continue reading "Platinum and palladium output to fall"
Wednesday, January 28, 2009
Platinum showed extreme volatility in 2008, rising to an all-time high of $2,290 an ounce in March on the back of a power shortage in major producer South Africa, before falling to a five-year low of $732.50 in October.
Continue reading "Platinum’s future eludes analysts"
Thursday, January 22, 2009
Norilsk Nickel says nickel, platinum and palladium output to fall this year from previously planned levels. Plans to cut copper output next year only, while further falls expected in platinum and palladium. For full story, click here
Continue reading "Falls expected in platinum"
Tuesday, December 2, 2008
The sharp retreat of the stock market, combined with a higher US dollar has triggered a broad sell-off in the precious metals. Spot platinum slipped to a session low of $794.50 an ounce, down 8.8 per cent from $871.50 an ounce late on Friday.
Continue reading "Greenback’s gain triggers precious metals sell-off"
Monday, November 17, 2008
South Africa’s Northam Platinum posted a 14 percent rise in output in the first four months of the 2009 financial year despite a heavy drop in global commodity prices. For full story, click here
Continue reading "Northam says production up 14 % in 4 mts of 2009"
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Thursday, April 30, 2009