Jublee Platinum added 1.73 rand
Jublee Platinum has added 1.73 rand, or 42 percent, to 5.83 rand, a fifth consecutive day of gains. For full story, click here
Articles Tagged "south"
S. Africa’s Miners will decide any policy protests by year-end
South Africa’s mineworkers union backed calls for deeper interest rate cuts on Tuesday but declared that it would give the central bank time to change monetary policy before considering strikes. For full story, click here
Platinum Australia has increased $61.2 mln in private placement
Miner Platinum Australia Ltd. declared that it has raised $47.6 million through a private placement to repay debt for its Smokey Hills Project in South Africa, develop new and existing projects, and for working capital. For full story, click here
South Africa’s Wesizwe Platinum has secured $66mln equity facility
South Africa’s Wesizwe Platinum declared that it has secured a $66.42 million standby equity facility with U.S. based investment fund Yorkville Global Investments. For full story, click here
Anglo Platinum has cut mine price by 28% on slowdown
Anglo Platinum Ltd., the world’s leading producer of the metal, cut the price of a stake in a South African mine by 28 percent after commodity prices plunged. For full story, click here
South African Platinum Mine was hit by stoppage after death
Some 3,000 workers at a South African platinum mine owned jointly by African Rainbow Minerals and Anglo Platinum, boycotted work on Thursday to protest over a colleague’s death. For full story, click here
Lonmin warned that there will be no platinum rebound before 2011/12
There would be no platinum price rebound before 2011/2012, a defensive Lonmin CEO Ian Farmer warned on Monday as he set out to surge $457-million in a rights issue and cut rand-based gross operating costs still further in South Africa, where 6 400 jobs have already been shed and 600 more are expected to go. [...]
Platinum miner Lonmin reported boost in quartely production
South African platinum miner Lonmin has surged its quarterly production and refinanced much of its near-term debt, in a sign that it is beginning to reap benefits from a radical restructuring programme commenced last year after demand for the precious metal plummeted. For full story, click here
Strong rand made platinum stocks a purchase
The rand has been particularly strong lately, not only against the US dollar but also against other major currencies and has affected the profits of resource stocks as rand platinum price acts as an indicator of whether or not to buy South African platinum stocks. For full story, click here
Motsepe plans to invest in Platinum Sector
South Africa’s first black billionaire, Patrice Motsepe announced its plans to invest in the country’s platinum sector and he has already set up a company called African Rainbow Minerals Zimbabwe businessdigest can reveal. For full story, click here
