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South Africa

South Africa: Amplats' plans lift platinum price

Platinum has been outperforming gold recently. Aside from talk about trillion-dollar platinum coins this is because of the situation in South Africa, the world's largest platinum producing country. The world's largest platinum producer Anglo American Platinum (Amplats) has announced the closure of two of its mines and the sale of a third. ...

2013-JAN-22 · Roman Baudzus

mining, platinum price, South Africa

South African government lowers export quota for platinum producers

South African platinum producers are already enduring significant production drops caused by the massive strike activities among mining workers. Now that the situation is somewhat back to normal, the government led by the African National Congress (ANC) is upsetting companies and markets with its plans to introduce legal changes.As if the ...

2012-DEC-21 · Roman Baudzus

mining, platinum price, South Africa

Gold miners facing tough challenges

A new report from the world's largest gold producer Barrick Gold provides yet another illustration of the problems facing gold mining companies. In South Africa, extraction of gold from depths of more than 6,000 metres has almost become the rule rather than the exception. Mining costs are being pushed up by the logistical challenges of ...

2012-NOV-19 · Roman Baudzus

gold price, mining, South Africa

South Africa: mine strikes escalate

Strikes at South African mines have coincided with the sudden resignation of Aquarius Platinum's CEO. Stuart Murray has not offered any comments on his motives. But it seems clear that the situation in the country's mining sector is escalating, with production at Anglo American Platinum suspended last Friday, and the company firing 12,000 ...

2012-OCT-10 · Roman Baudzus

mining, platinum price, South Africa

South African mines hit by new strikes

The dramatic rises in gold and silver prices that followed the Federal Reserve’s “QE3” announcement earlier this month has stalled over the last few days. Gold is encountering selling pressure on trips above the $1,770/oz mark, while silver was hit hard yesterday afternoon along with stocks and commodities, as European ...

2012-SEP-26 · The GoldMoney News Desk

mining, South Africa, Spain

Adam Fleming and James Turk on precious metals and mining

2012-MAY-22

euro crisis, gold price, mining, quantitative easing, South Africa

Platinum production falling in South Africa

Precious metals sold off again yesterday, but have staged a small recovery this morning – buoyed by news that the eurozone economy as a whole avoiding slipping back into recession, with 0% GDP growth in Q1 (it’s come to something when 0% growth is deemed “good news”). Relatively robust German growth of 0.5% ...

2012-MAY-15 · The GoldMoney News Desk

mining, platinum price, silver price, South Africa

Gold premium over platinum increases

In recent weeks the platinum price has been clearly underperforming in relation to gold, with gold now more than $100 more expensive than platinum. According to the latest report from the German precious metals trading group Heraeus, in recent weeks platinum long positions at futures markets have dropped more than 30%. In early ...

2012-MAY-04 · Roman Baudzus

gold price, India, platinum price, South Africa

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CURRENT PRECIOUS METAL PRICES

	Gold: Gold Buy Rates	$43.7122/gg $1,359.60/oz
	Silver: Silver Buy Rates	$0.7143/gg $22.22/oz
	Platinum: Platinum Buy Rates	$46.6829/pg $1,452.00/oz
	Palladium: Palladium Buy Rates	$23.5665/pd $733.00/oz