Platinum Australia Launches Urgent Review

Mining Weekly reported Platinum Australia (ASX:PLA) has stopped trading on the ASX, called in administrators and launched a “urgent review.”

As quoted in the market news:

At the start of this week, the miner launched an “urgent review” into its South African Smokey Hills operation, as the mine failed to reach production forecasts and operating conditions deteriorated.

Platinum Australia has also been embroiled in a dispute with its former contractor.

Click here to read the full Mining Weekly report.