Mail & Guardian reported that the FTSE/JSE Africa Platinum Mining Index fell 1.2 percent, to 36.34, in Johannesburg today; if it ends the day at that level, it will be the lowest close since October 2005. The index includes six members, three of which are the world's largest producers.
Articles Tagged "platinum miners"
The Wall Street Journal reported that platinum fell to $1,329.10 per troy ounce today, its lowest level since October 2009. The metal has fallen 14 percent so far this year. However, the weakened South African rand means that miners are not short on cash.
Reuters reported Lonmin's (LSE:LMI) recently announced job cuts may lead to another strike between platinum miners and management.
Mining Weekly reported Anglo American Platinum (JSE:AAL) says it will provide a once-off bonus to workers if they return to work by Tuesday.
Reuters reported Aquarius Platinum (LSE:AQP) CEO, Stuart Murray has resigned effective immediately.
Bloomberg reported South African business confidence dropped in September from a five-month high as strikes that began at platinum mines spread to the transportation industry.
Reuters reported Anglo American Platinum (LSE:AAL) said on Monday it would fire all strikers who did not attend disciplinary hearings the following day.
Reuters reported Anglo American Platinum (LSE:AAL) said all of its Rustenburg platinum operations in South Africa have resumed on Tuesday.
Mining Weekly reported Anglo American Platinum (LSE:AAL) on Thursday confirmed that a small group of employees have resubmitted a list of demands that management reportedly received in July.
Platts reported as strikes continue in South Africa, analysts predict platinum prices will remain supported.