(Reuters) - South Africa's bourse rose one percent on Wednesday as resource shares led by BHP Billiton shone on the back of stronger metal prices as the rand firmed on the back of a firmer price for bullion.
Stocks market heavyweight BHP rose 1.40 percent, and rival Anglo American Plc added 1.06 percent to 415.10 rand, as gold, platinum and copper prices jumped in London.
Impala Platinum and Anglo American rose 2.17 and 3.06 percent to 242.40 and 1,041 rand."Precious and base metals such as gold, platinum and copper are having a good day on the London Metal Exchange," Greg Potter, a trader at Nedcor securities said
Read more at Reuters Africa
Showing posts with label Impala Platinum Holdings. Show all posts
Showing posts with label Impala Platinum Holdings. Show all posts
Thursday, January 3, 2008
Friday, July 20, 2007
Platinum Rises in New York on Weaker Dollar, South African Supply Concerns
(Bloomberg) -- Platinum extended a rally in New
York, heading for its third straight weekly gain, as the
declining value of the U.S. dollar boosted investment demand
and supply concerns strengthened. Palladium also rose.
A weaker dollar boosts the precious metals' appeal as
alternative investments. Platinum has climbed 18 percent this
year while the dollar is down 4.5 percent against the euro.
Platinum rose for a third day amid delivery delays from Lonmin
Plc, and labor disputes at Aquarius Platinum Ltd., Northam
Platinum Ltd. and Impala Platinum Holdings Ltd.
Read more at Bloomberg Commodities News
York, heading for its third straight weekly gain, as the
declining value of the U.S. dollar boosted investment demand
and supply concerns strengthened. Palladium also rose.
A weaker dollar boosts the precious metals' appeal as
alternative investments. Platinum has climbed 18 percent this
year while the dollar is down 4.5 percent against the euro.
Platinum rose for a third day amid delivery delays from Lonmin
Plc, and labor disputes at Aquarius Platinum Ltd., Northam
Platinum Ltd. and Impala Platinum Holdings Ltd.
Read more at Bloomberg Commodities News
Thursday, June 28, 2007
Platinum Futures Rise on Concern of South African Strike; Palladium Gains
(Bloomberg) -- Platinum rose in New York on concern
workers at Johannesburg-based Impala Platinum Holdings Ltd., the
world's second-largest producer of the metal, may strike after
rejecting an increased pay offer. Palladium also gained.
South Africa's National Union of Mineworkers said an Impala
pay offer yesterday was insufficient. Workers want an average
15 percent increase, while the company is offering 7.5 percent to
9 percent pay raises, the union said. Impala ``is not making
substantive moves,'' said Eddie Majadibodu, a union negotiator.
Read more at Bloomberg Commodities News
workers at Johannesburg-based Impala Platinum Holdings Ltd., the
world's second-largest producer of the metal, may strike after
rejecting an increased pay offer. Palladium also gained.
South Africa's National Union of Mineworkers said an Impala
pay offer yesterday was insufficient. Workers want an average
15 percent increase, while the company is offering 7.5 percent to
9 percent pay raises, the union said. Impala ``is not making
substantive moves,'' said Eddie Majadibodu, a union negotiator.
Read more at Bloomberg Commodities News
Subscribe to:
Posts (Atom)
