Mining Weekly reported that Sable Platinum has entered into an agreement to buy a 4% interest in Global Initiatives for the amount of $4 million. Moreover, the company has been given the option to acquire 22% additional interest in the company in increments of 6 percent, 5 percent and 11 percent.
Articles Tagged "Platinum Market News"
Reuters reported that Anglo American Platinum (Amplats) announced that it will acquire two mining assets and provide capital to Atlatsa Resources as part of the $380 million restructuring plan.
Mining Weekly reported that according to Fitch Ratings, Anglo American Platinum (Amplats) has laid out its far-reaching restructuring plans, which highlighted the labor challenges in South Africa in the platinum industry.
Bloomberg reported that Polymetal International Plc (LON:POLY), which is the biggest producer of silver in Russia, has decided to invest on platinum upon seeing the metal’s earning potential amid strikes in South Africa.
Mining Weekly reported that Platinum Group Metals (NYSEAMEX:PLG) has declared that the 15 new drill intercepts at its Waterberg project confirms the continuity of platinum supply.
Reuters reported that in light of the violent strikes against Sylvania Platinum (ASX:SLP) earlier in the year, its chief executive along with some of its top executives are giving up a third of their pay to offset production losses.
The Street reported platinum prices are up $22 on Monday.
IBTimes reported platinum prices retreated following Anglo American Platinum's (LSE:AAL) announced it has resolved strikes.
Bloomberg reported Lonmin Plc (LSE:LMI) won support from shareholders for a proposed $817 million stock sale aimed at helping it avoid breaching pledges to creditors.
Bloomberg reported platinum prices dropped in South Africa after two-month strikes ended.