• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Minerals
    Tech
    Life Science
    Precious Metals Market
    Precious Metals News
    Precious Metals Stocks
    • Precious Metals Market
    • Precious Metals News
    • Precious Metals Stocks
    market news

    Platinum Mine Strike Recap

    Investing News Network
    Oct. 09, 2012 05:46AM PST
    Precious Metals

    Kitco reported a recap on the platinum strike in South Africa.

    Kitco reported a recap on the platinum strike in South Africa.

    As quoted in the market news:

    Media reports Friday said Anglo American Platinum had fired 12,000 striking workers in South Africa. Amplats’ Rustenburg operations had been heavily affected by the wildcat strikes as the company said it has lost 39,000 ounces of platinum production totaling over $82 million. Striking employees are also claiming that a police officer shot and killed a protester with a rubber bullet to the stomach. On Tuesday, the company advised employees at its Rustenburg mining operations not to attend work due security concerns linked with the strikes. Amplats has been signaling throughout the week that there would be repercussions to the strikes if they did not come to an end. Anglo American is the world’s largest platinum producer and accounts for roughly 40% of the world’s new platinum production. In 2011, the company produced 2.53 million ounces of platinum.

    Click here to read the full Kitco report.

    anglo american platinumplatinum producermarket newsplatinum strike
    The Conversation (0)

    Go Deeper

    AI Powered

    Glencore Cuts 970 Jobs, Closes Eland Platinum Mine

    Precious metals symbols on periodic table.

    Sibanye-Stillwater Halts PGMs Production at Rustenburg Shaft

    Latest News

    Angkor Finalizes Disposition of Oyadao North License in Ratanakiri, Cambodia

    Torchlight Innovations Inc. Opens the Market

    Quimbaya Gold Announces Upsize of Bought Deal Financing to $12.5 Million

    1911 Gold to Attend the 51st Annual New Orleans Investment Conference

    Canadian Investment Regulatory Organization Trade Resumption - QIM

    More News

    Outlook Reports world

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES