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25th May 2012
GOLD 1571.45 $/oz
PLATINUM 1430.50 $/oz
R/$ exchange 8.38
R/€ exchange 10.49
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Gilbertson, Davis set to ‘turn platinum-mining on its head'
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http://www.miningweekly.com/article/gilbertson-davis-set-to-turn-platinum-mining-on-its-head-analyst-2009-10-27
Article Headline:
Gilbertson, Davis set to ‘turn platinum-mining on its head'
Abstract:
The introduction of Mick Davis' Xstrata and Brian Gilbertson's Pallinghurst would turn the platinum-mining business on its head, RBC Capital Market analyst Leon Esterhuizen predicted on Tuesday. Esterhuizen said that, by their very nature, both Xstrata and Pallinghurst would redefine cost, which would put pressure on both Impala Platinum (Implats), where there is already board tension, and on Anglo Platinum (Angloplat), which was doing fairly well at reducing costs but had not shown the abilility to move as fast as Xstrata.
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