Bloomberg reported South African stocks saw unusual trading on Wednesday with Impala Platinum (JSE:IMP) falling the most it has in a month.
SMH reported on commodities markets from around the world, noting platinum has risen to a six-week high on Tuesday.
Kitco reported platinum group metals are likely to take many hits and be on the defensive in early 2012.
Kitco reported speculators continued to limit their exposure to most metals as prices for gold, silver and platinum continued to fall.
Reuters Africa reported Lonmin (LSE:LMI,JSE:LON) said employees will receive pay rises and benefit improvements of up to 10 percent.
Mining Weekly reported Platmin (TSX:PPN,LSE:PPN) said shareholders approved a share buyback, which the company will undertake after it delists.
Mining Weekly reported Platfields (JSE:PLL) said its share price decline was undermining its fund-raising strategy.
Mineweb reported while interest in platinum is largely absent currently, the price is falling to levels where value is beginning to show.
Reuters reported precious metals dropped hit by margin selling related to an equities sell-off that stemmed from mounting fears about government debt.
Anooraq Resources Corporation (TSXV:ARQ,NYSE:ANO,JSE:ARQ) announced an employee was fatally injured at the Bokoni platinum mine.
Wednesday, January 18, 2012