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Power shortage costs local mines millions every day - economist

By: Christy van der Merwe It was estimated that the South African mining industry was losing about R330-million in turnover a day, while operations were halted owing to lack of security of power supply from State-owned power provider, Eskom, T-Sec economist Mike Schussler told Mining Weekly Online on Monday. 

Real Economy Report

By: Creamer Media Reporter Our top stories this week: Eskom commits to local content in big power station push; BHP Billiton explains the thinking behind its Rio Tinto integration bid; Demand still outstripping supply in world platinum market; New undersea cable to reduce broadband costs; and the latest on the Gautrain... 

Platinum price may hit $1 575/oz - Johnson Matthey

By: Christy van der Merwe Platinum could trade as high as $1 575 during the next six months, precious metals refiner Johnson Matthey forecast on Tuesday, when it released its Platinum 2007 interim review. The company expected the market into 2008 to remain "pretty tight", and the fundamentals, which have been a stimulus... 

Platinum: auto offtake still rising, but jewellery declining

By: Keith Campbell THIS year could very well be another record year for sales of platinum to the global automotive industry, predicts Johnson Matthey in its Platinum 2004 report. 

China platinum demand seen soft on sky-high prices

Soft demand for platinum is expected this year from China, the world's biggest market for platinum jewellery, as global prices hover near 24-year highs. 

Platinum seen firm in 2003, palladium weak – report

Platinum demand and prices will remain strong in 2003, in contrast to ever weaker prices for its sister metal palladium, precious metals refiner Johnson Matthey (JM) said yesterday. 

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R/€ = 14.21Change: 0.16
R/$ = 11.61Change: 0.03
Au 1196.44 $/ozChange: 1.98
Pt 1197.50 $/ozChange: 0.00