Zimbabwe to Acquire Zimplats Amid Continuous Appeal Talks
Bloomberg reported that the Zimbabwe government has no intention of stopping its acquisition of 27,498 hectares of Impala’s platinum unit, Zimplats Ltd, even as the biggest platinum producer in the...
View ArticleResults of Amplats-South Africa Discussion Could Push Platinum Up
CNBC reported that platinum prices could move higher if Anglo American Platinum Ltd.'s (OTC Pink:AGPPY) talks with the South African government and unions in the country result in a substantial...
View ArticleAmplats to Cut 6,000 Jobs in South Africa
Anglo American Platinum Ltd. (OTC Pink:AGPPY) announced that its revised platinum business proposal involves cutting about 6,000 mining and processing jobs in South Africa, less than half of the 14,000...
View ArticleAmplats to Begin Cutting 6,000 South African Jobs
Mineweb reported that at the end of this week, Anglo American Platinum Ltd. (OTC Pink:AGPPY) will formally begin the process of cutting 6,000 jobs in South Africa. Some fear that the action will...
View ArticleIntroduction to Palladium Investing
Palladium is a rare metal that is from the same group as platinum, but has the malleability and ductility of gold.Continue reading...
View ArticleIntroduction to Platinum Investing
Though platinum is now commonly used in autocatalysts and jewelry, when Spanish explorers first came across the metal on a 16th century expedition in Colombia, they were unaware of its value.Continue...
View Article2013 Platinum Price Contingent on South African Supply
Thomson Reuters GFMS believes that platinum prices could rise to nearly $1,600 this year. South African supply will play a major role in determining whether that happens.Continue reading...
View ArticleBusiness Returns to Normal at Amplats Mine
Mineweb reported that on Saturday, Anglo American Platinum Ltd. (OTC Pink:AGPPY) said that operations at its South Africa-based Thembelani mine have returned to normal. On Friday, a "group of...
View ArticleSouth Africa, Ballard, Amplats Join Forces on Fuel Cell Project
Johnson Matthey's Platinum Today reported that as part of its efforts to "improve on the uses of platinum," South Africa's government is going to partner with Ballard Power Systems Inc....
View ArticleAfter Labor Strikes, What’s Next for Platinum?
Violent South African mining labor strikes shocked the globe in 2012, but the resulting negotiations underway could create more stable supply flows in the long term—that's how CPM Commodity Analyst...
View ArticleSpot Platinum Rises 2.2 Percent as Amplats Workers Strike
The Wall Street Journal reported that platinum — along with palladium — rose today as about 5,600 workers at Anglo American Platinum Ltd.'s (OTC Pink:AGPPY) Thembelani and Khuseleka mines began a...
View ArticleSpot Palladium Up 2.3 Percent as Amplats Faces Strikes
The Wall Street Journal reported that palladium rose along with platinum on the back of news that about 5,600 workers at Anglo American Platinum Ltd.'s (OTC Pink:AGPPY) Rustenburg-based Thembelani and...
View ArticleClashing South African Unions Drive Amplats Strikes
Conflict between the NUM and AMCU, two South African unions, is largely behind the strikes at Anglo American Platinum's operations.Continue reading...
View ArticleAmplats Workers End Wildcat Strike
Bloomberg reported that striking workers at two of Anglo American Platinum Ltd.'s (OTC Pink:AGPPY) operations returned to work today.Continue reading...
View ArticleAmplats’ H1 Profits Nearly Double 2012 Results
Bloomberg reported that Anglo American Platinum Ltd.'s (OTC Pink:AGPPY) profits for the first half of 2013 nearly doubled compared to the year-ago period. The company will release its full earnings...
View ArticlePlatinum Market Deficit May be Coming
The Morgan Stanley Mining and Metals Tracker indicates that a platinum price recovery may be coming next year, as per Proactive Investors United Kingdom. The firm notes that Anglo American Platinum...
View ArticleSouth African Platinum Business Not “Sacrosanct,” Says Amplats CEO
The Globe and Mail reported that although Anglo American Platinum Ltd. (OTCMKTS:AGPPY) is currently committed to staying in the platinum business in South Africa, the company will not hesitate to drop...
View ArticleAnglo American Platinum CEO Apologizes for Comments Regarding Worker Salaries
Reuters reported that Anglo American Platinum (LSE:AAL) CEO, Chris Griffiths, apologized publicly for statements that he was highly skilled while platinum mine workers were not, which justified his...
View ArticleLonmin Employees Leave Work Shuttles Empty
Despite statements from miners Anglo American Platinum (LSE:AAL), Impala Platinum (JSE:IMP) and Lonmin (LSE:LMI) that striking miners are ready to go back to work, Bloomberg reported today that Lonmin...
View ArticlePlatinum Takes a Break from Rising Prices, Strike Continues
Platinum and palladium both took a break from recent price rises on Friday, but analysts say that the halts are only temporary.Continue reading...
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