South Africa mine unrest hits world No.1 platinum firm




 
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South Africa mine unrest hits world No.1 platinum firm
 
September 12th, 2012  
News Manager
 

Topic: South Africa mine unrest hits world No.1 platinum firm


South Africa mine unrest hits world No.1 platinum firm
JOHANNESBURG (Reuters) - Labour unrest sweeping across South Africa's mining sector hit top world platinum producer Anglo American Platinum on Wednesday, with striking miners blockading roads leading to shafts belonging to the mining giant, police said. The platinum price jumped as much as 1.5 percent to $1,624.74 an ounce, its highest since mid-April amid fears of more disruption to supplies of the precious metal used in jewelery and vehicle catalytic converters. South Africa is home to 80 percent of known reserves. ...

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