Platinum Investing News» output

Anglo Platinum slashed output, cuts about 5% of jobs

Melissa Pistilli — Thu, 30 Apr 2009 19:14:50 +0000

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

Aquarius Platinum swinged to Q3 profit

Melissa Pistilli — Tue, 21 Apr 2009 17:31:12 +0000

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

Impala Cuts Spending and Output Plans After Price decline

Melissa Pistilli — Mon, 23 Feb 2009 07:16:46 +0000

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

Platinum and palladium output to fall

Melissa Pistilli — Thu, 29 Jan 2009 11:28:22 +0000

Norilsk Nickel says nickel, platinum and palladium output to fall from previously planned levels. For full story, click here

Platinum’s future eludes analysts

Melissa Pistilli — Wed, 28 Jan 2009 10:31:03 +0000

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.

Falls expected in platinum

Melissa Pistilli — Thu, 22 Jan 2009 15:38:07 +0000

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

Greenback’s gain triggers precious metals sell-off

Melissa Pistilli — Wed, 03 Dec 2008 04:37:44 +0000

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.

Northam says production up 14 % in 4 mts of 2009

Melissa Pistilli — Mon, 17 Nov 2008 21:01:42 +0000

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