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LMI 182.00 -2.75 (-1.49%)
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South Africa eyes platinum's allure
“What we should be very cautious about is if you try and get the platinum industry to subsidise local beneficiation all you are doing is effectively applying another tax to the industry,” said Ian Farmer, chief executive of Lonmin. Platinum prices have ...
Miners hit by coal glut as prices tumble
Edward Muller, chief executive of GenOn Energy, a Houston-based utility, took an unusual decision a few weeks ago: he decided to declare force majeure on coal purchases.
Platinum wealth holds no shine for people left in the dust
Lonmin Plc, the world's third-largest platinum producer, which has a market capitalisation of about R19.5-billion, mines the metal under the Bapo's land.
South African Union Fight Threatens Platinum Producers
Now AMCU says it may call a fresh strike at the mine to gain the right to deal with the company and it's recruiting at the mines of Anglo American Platinum Ltd.