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Reuters reported Northam Platinum (FWB:NOC) said it expected subdued earnings growth as the platinum industry struggles with low prices and increasing unrest.
Reuters reported Northam Platinum (FWB:NOC) said it expected subdued earnings growth as the platinum industry struggles with low prices and increasing unrest.
As quoted in the market news:
The group on Friday posted full-year headline earnings 9.6 percent lower, hit by a smelter shutdown which cut volumes available for sale.
Declining earnings have been reported across the platinum sector and come against the backdrop of increasingly violent labour disruptions at South African operations.