South African Platinum Miners Enter Bond Market

Mineweb reported South African platinum miners are entering the bond market to offset rising costs and dropping profits.

As quoted in the market news:

Northam Platinum Ltd. this month said it plans to sell 2 billion rand ($248 million) of bonds and Aquarius Platinum Ltd. said it will consider more funding if it goes ahead with an acquisition. Lonmin plc last month said its examining increasing borrowing and a unit of Impala Platinum Holdings Ltd. said it may require more money.

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