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    market news

    South African Platinum Mine Safety Stoppages Cut Supply

    Investing News Network
    Feb. 03, 2012 01:57PM PST
    Precious Metals

    Mining Weekly reported safety stoppages at South Africa’s platinum mines have hurt production for several miners.

    Mining Weekly reported safety stoppages at South Africa’s platinum mines have hurt production for several miners.

    As quoted in the market news:

    South African platinum-group metals (PGMs) miners have flagged high government-enforced safety stoppages at South African PGM mines, which have lacerated production. … Anglo American Platinum (Amplats) reporting a 128% increase in fourth-quarter safety stoppages and Lonmin a loss of 177 000 t of production, eight times more than the 21 000 t for the prior period.

    Click here to read the full Mining Weekly report.

    anglo american platinumplatinum minesmarket news
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