Impala Platinum, the world’s second leading platinum producer, declared that it would seek further talks with a South African union planning an indefinite strike next week. For full story, click here
Platinum prices slipped on Monday as the U.S. dollar resumed its rebound against the euro and the pound. Platinum is often used by investors as a hedge against a weakening dollar, so the dollar's recovery has made the metals less attractive.
South Africa’s biggest mineworkers’ union may call a strike at Two Rivers platinum mine due to dispute over wages. Doctor Matheso, a branch spokesman for the National Union of Mineworkers (NUM), said: The union had referred the disputes to arbitration authorities in a bid to seek its intervention on the issues of job grading and [...]
A strike at Lonmin’s Western Platinum mine is over. A labor union official said: The strike is over and workers are back at work. For more information, click here
Platinum briefly traded above $1,600 an ounce on Thursday, extending a 2 percent rally in New York, as national strike in South Africa forced mines and factories to shut gave rise to supply fears. For full story, click here
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