Swagefast - Namibia

Electra Mining Africa

market records second-quarter surplus, but inventories still constrained https://shorturl.at/7zLsw

Platinum market records second-quarter surplus, but inventories still constrained The platinum market recorded a surplus in the second quarter of the year, for the second successive quarter, at 244 000 oz, industry organisation the World Platinum Investment Council’s (WPIC’s) latest ‘Platinum Quarterly’ shows. Total supply was broadly stable year-on-year at 1.91-million ...

Electra Mining Africa

-Stillwater proposes restructure of South African PGM shaft; 1 114 jobs on the line https://shorturl.at/AcjJ2

Sibanye-Stillwater proposes restructure of South African PGM shaft; 1 114 jobs on the line Global mining and metals processing group Sibanye-Stillwater will start consultations with organised labour and non-unionised employees regarding the proposed restructuring of the Kwezi shaft – an underground platinum group metals (PGMs) shaft within the group's Rustenburg operation. The miner not...

, weigh on second-quarter economic growth; GDP contracts by 0.2% q/q https://shorturl.at/o9qGD

Manufacturing, mining weigh on second-quarter economic growth; GDP contracts by 0.2% q/q South Africa’s gross domestic product (GDP) contracted by 0.2% quarter-on-quarter for the second quarter, following growth of 0.4% in the first quarter of the year, Statistics South Africa (Stats SA) reports.  The manufacturing industry contracted by 1.8%, contributing -0.2 of a percentage point,...

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