September 26, 2012

Citi raises forecasts for gold, silver platinum prices, warns of SA strike’s impact on platinum

Citigroup has increased its end-of-year price forecasts for gold, silver and platinum by 2%, 5% and 1.5%, respectively.

September 26, 2012

We will not consider wage demand, says Amplats CEO

Chris Griffith, CEO of Anglo American Platinum, said the company will not consider wage demands by the striking workers.

September 26, 2012

South African strikes far from over: AngloGold Ashanti closed

AngloGold Ashanti (NYSE:AU) was hit by the mining unrest spreading through South Africa again Tuesday night, as strikers halted all of its operations in the country, which account for 32%…

September 21, 2012

Researchers to use plants in platinum mining

Researchers in the University of York' s Green Chemistry Centre of Excellence and the Centre for Novel Agricultural Products (CNAP) are giving a whole new meaning to the concept of…

September 20, 2012

South Africa union fears ‘jobs bloodbath’ after Lonmin precedent

A bad choice of words.

September 19, 2012

Greenland – The next mining destination

Greenland could become the next global mining frontier, as global warming uncovers precious metals from glacial surroundings, states new research by natural resources experts GlobalData, a UK-based global business intelligence…

September 18, 2012

On strike Lonmin miners take pay raise offer

Workers at Lonmin's Marikana mine have accepted a 22% pay increase to end more than five weeks of deadly strikes.

September 16, 2012

Amplats to resume South Africa operations on Tuesday

JOHANNESBURG (Reuters) - Anglo American Platinum plans to resume operations at its Rustenburg mine in South Africa on Tuesday after it suspended work following labor unrest, it said on Sunday.

September 15, 2012

Platinum up 22% since mid-August

What a difference a black swan can make.

September 14, 2012

Lonmin miners reject 20% wage increase offer

Striking miners at Lonmin's Marikana platinum mine rejected a 20% wage increase offer from the company. The offer increases the base pay of an entry level worker to around ZAR…