ANC Youth League president, Julius seeks nationalization of South African mines in 2012. This however, is worrying investors in Africa’s biggest economy — the world’s biggest platinum producer and the world’s number four gold producer. Malema is quoted saying: “I sit in the national executive committee… I know nationalization is on the agenda of the [...]
Impala Platinum Holdings Ltd (IMP:JNB), world’s second-largest platinum producer, held a meeting with labour union the National Union of Mineworkers (NUM) and confirmed that although there are still 34 miners on strike, production of platinum is not affected. Click here to access the entire news
Lonmin Plc, the world’s third-biggest platinum producer, closes again for another 25-30 days because of its smelter failure. The company operates in South Africa. Analyst Charles Kernot at Evolution Securities is quoted saying: “Lonmin’s troubled smelter has failed yet again, further undermining the company’s outlook for the rest of this year.” Click here to access [...]
Anglo Platinum, world’s top platinum producer, although expected that there will be an undersupply of of platinum in 2010 has deemed otherwise. Now the company expects to produce more than its forecasted 2.5 million ounces of platinum this 2010. Chief executive of Anglo Platinum, Neville Nicolau is quoted saying: “We have had as a strategy [...]
Aquarius, the world’s fourth-leading producer of platinum, will benefit from surged demand for the metal in the second half of 2009, it has been claimed. For full story, click here
Anglo Platinum, the world’s largest platinum producer, and its parent company Anglo American declared plans on implementing a second wave of retrenchments. For full story, click here
Lonmin Plc, the world’s third-biggest platinum producer, posted a 1 percent slip in third-quarter refined platinum sales and said its troublesome No. 1 furnace would need another rebuild. For full story, click here
South Africa’s National Union of Mineworkers declared that it has rejected an improved 8.5 percent pay surge offer from Impala Platinu, the world second leading platinum producer. For full story, click here
Impala Platinum Holdings , the world’s second- leading platinum producer, dipped for a second day, sliding 9.99 rand, or 5.8 percent, to 162.01 rand. For full story, click here
Anglo Platinum Ltd, the world’s leading platinum producer, slipped 37 rand, or 5.9 percent, to 588 rand, its first decline in seven days. For full story, click here
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