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Amplats says formal job cut process to begin this week
Wednesday , 22 May 2013Anglo American Platinum said Wednesday it will begin the formal process to cut 6,000 South African mining jobs at the end of this week.
Is the platinum sector imploding?
Tuesday , 21 May 2013Investors in platinum stocks have dumped their shares in a panic over the last 6 weeks, fearing that the sector is in terminal decline.
Platinum buying quickens as gold allure diminishes
Tuesday , 21 May 2013Strengthening investor demand for PGMs reflects a second year of shortages that are outweighing concerns about slowing economic growth.
New Stillwater Mining board will replace McAllister as CEO
Tuesday , 21 May 2013While former Montana Gov. Brian Schweitzer decides if his political future lies in the U.S. Senate, he is taking on the post of the new chairman of the Stillwater Mining board.
Perfect storm decimates SA gold and pgm stocks - Sibanye hit hardest
Monday , 20 May 2013Sibanye, which runs Africa’s largest gold operation, fell 7.8% in Johannesburg, the lowest since it started trading on Feb. 12 after being spun out of Gold Fields.
South African mines cannot afford pay rises - Implats
Monday , 20 May 2013Impala Platinum said on Friday that South Africa's mining industry cannot afford to offer wage rises during the upcoming wage talks with trade unions.
Mine union threatens to bring South Africa to a ‘standstill’
Friday , 17 May 2013Joseph Mathunjwa, head of AMCU, says the African National Congress is ignoring violence against its members in the Rustenburg platinum belt.
169 workers stage sit-in at Amplats platinum mine
Thursday , 16 May 2013Company spokeswoman Mpumi Sithole says the sit-in started Tuesday morning and it was still unclear what the workers were demanding.
Anglo American Platinum miners report for morning shift
Thursday , 16 May 2013Amplats spokeswoman Mpumi Sithole says miners reported for the morning shift on Friday despite earlier calls for a strike by some union leaders.
UPDATE: Lonmin workers return to work
Wednesday , 15 May 2013While, at the time of writing there was no official confirmation from Lonmin, according to AMCU head, Joseph Mathunjwa, workers will be returning to work.
Lonmin's workers strike for second day
Wednesday , 15 May 2013Production at all Lonmin's 13 shafts in South Africa was halted Tuesday as protesters demanded the closure of the NUM offices, the once dominant workers union.
An odd market – Sprott’s Rick Rule picks platinum, palladium and uranium
Tuesday , 14 May 2013Rick Rule looks at the huge anomalies in the way governments are/have been treating the global economy and the strange way the market has been behaving.
Lonmin cools pay hopes ahead of union talks
Tuesday , 14 May 2013The platinum miner, at the centre of violent South African strikes last year, will tell unions to curb expectations of forthcoming wage talks.
Johnson Matthey ends platinum review after 28 years
Tuesday , 14 May 2013Sources close to the matter say the decision came after Anglo American Platinum withdrew its funding for the research.
Strikes, closures cost South Africa 750,000 PGM oz in 2012
Monday , 13 May 2013Johnson Matthey says SA lost at least 750,000 platinum ounces of output last year to strikes, shaft closures and government-ordered safety stoppages.
Metals Prices
| Spot Gold USD/oz | 1,387.75 | +1.83% |
| Spot Silver USD/oz | 22.44 | +1.04% |
| Spot Platinum USD/oz | 1,454.50 | -0.41% |
| Spot Palladium USD/oz | 739.10 | -0.42% |
| LME Copper USD/t | 7,480 | +1.30% |
| LME Aluminium USD/t | 1,838 | +0.16% |
| LME Nickel USD/t | 15,165 | +0.86% |
| LME Lead USD/t | 2,054 | +2.60% |
Browse all market/companies charts and data
Top Gainers
| Company | Price | Gain |
|---|---|---|
| OPAWICA EXPL | 0.010 CAD | +100.00% |
| WHETSTONE M | 0.02 CAD | +100.00% |
| MAXIM RES IN | 0.06 CAD | +71.43% |
| TYPHOON EXPL | 0.13 CAD | +56.25% |
| HELLIX VENS | 0.08 CAD | +50.00% |
Browse complete mining stock gainers/losers list
Losers
| Company | Price | Loss |
|---|---|---|
| RICHMOND MNR | 0.005 CAD | -50.00% |
| SHANE RES | 0.005 CAD | -50.00% |
| BCM RES CORP | 0.04 CAD | -41.67% |
| ROCKEX MINING CORP | 0.04 CAD | -41.67% |
| ALLEGIANCE COAL LTD NPV | 0.02 AUD | -37.14% |
Browse complete mining stock gainers/losers list
Companies and Precious Metals' quotes delayed by at least 15 minutes.
Base Metals data is previous day pricing.
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- South African mines cannot afford pay rises - Implats - PLATINUM GROUP METALS
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