Bloomberg reported that as platinum miners limit supply, demand for the metal is increasing. It is expected to end the year at $1,690 per ounce, up 16 percent from its current price.
Articles Tagged "platinum mining"
Corporation Exploration Iledor (TSXV:ILE) announced the closing of the acquisition of a direct property interest from Bertrand Brassard of 37 mining claims in the Sterret property and 232 mining claims in the Coleraine property.
Bloomberg reported platinum prices dropped in South Africa after two-month strikes ended.
Reuters reported platinum is expected to ramin in a deficit through the next few years, pushing prices higher.
Eastern Platinum Limited (TSX:ELR,LSE:ELR,JSE:EPS) announced financial results for the three months ended September 30, 2012.
Bloomberg reported Xstrata Plc (LSE:XTA) says it will consider a revised offer for Lonmin Plc (LSE:LMI) after the platinum-miner rejected its initial offer.
Stillwater Mining Company (NYSE:SWC,TSX:SWC.U) announced platinum group metals are essential to continuing manufacturing as the International Platinum Group Metals Association celebrated 25 years.
The Street reported deadly platinum strikes have led to a downgrade of South Africa's credit rating, pushing eight opposition parties to file a no confidence motion against President Jacob Zuma.
Reuters reported Lonmin (LSE:LMI) will set prices for its rights issue to raise $800 million from investors to cut debt and finance recovery from platinum strikes.
Financial Times reported Anglo American Platinum (LSE:AAL) is attempting to end stikes that have cost about $277 million as about 40 percent of its operations remain dormant.