August 17, 2012

Platinum up after killings

Investors sent platinum group metals higher after the massacre in South Africa.

August 17, 2012

Latest on South Africa mine clashes: 44 dead, 78 injured, 259 arrested

A standoff between hundreds of strikers wielding pangas and sticks at London-listed Lonmin's Marikana mine ended when police began firing on a surging crowds leaving many dead.

August 17, 2012

Wallbridge terminates Booth River option

The company announced today it has terminated its agreement with 4763 NWT Ltd., to which Wallbridge was granted the option to acquire a 100% interest of certain mineral claims located…

August 16, 2012

Death toll climbs to 28 at Lonmin mine

South African police began firing on a surging crowd of workers leaving 18 people dead.

August 13, 2012

South Africa platinum mine death toll reach nine as rival unions clash

A nightshift policeman hacked to death during clashes between rival unions brings to nine the number of fatalities at Lonmin's platinum mine in the North West province of South Africa.

August 11, 2012

Platinum:gold ratio falls further

While the near term outlook for platinum remains rather poor, both HSBC and Barclays remain positive on its long term fundamentals.

August 4, 2012

Platinum and palladium continue to move sideways

Unless it mounts a challenge against its $1,500 resistance level, platinum will "stay on loose grounds" and will fail to attract new investment.

August 3, 2012

Did you hear the one about the New Jersey swami that’s worth 175lb of platinum?

Congregants are expected to throng the Shree Swaminarayan temple in New Jersey this Sunday to ceremonially weigh their guru in honour of his 70th birthday. Preliminary estimates are that Swami…

August 1, 2012

Three people shot dead after mob rushes Aquarius Platinum mine

Three protestors are dead and 20 are injured at Aquarius Platinum's Kwezi shaft when 200 disgruntled former contractors, some carrying petrol bombs, forced their way onto the company's property.

July 31, 2012

Platfields calls for state intervention in South African platinum sector

Bongani Mbindwane, CEO of South African junior explorer Platfields (SJ:PLL), has written an open letter to South Africa's mineral resources minister calling for direct assistance in dealing with the platinum…