Taking the long view on Anglo American's discount disadvantage
Mark Cutifani's overhaul of Anglo American aims to hoist its return on capital employed to 15 per cent in the next two years, from just over half that now. It's a long road.
Indian jewellery tycoon eyes Oz gold mines
India's biggest jewellery maker, billionaire Rajesh Mehta, wants to buy stakes in Australian gold mines and open retail stores in the country.
Aquarius Platinum (AQP)
Morningstar says Aquarius Platinum’s first-half loss of $US24 million comes as little surprise, but ‘indicates the full-year loss will be worse than our prior $15 million forecast’.
Platinum at three-month high on Amplats overhaul
Platinum rose to a three-month high on Tuesday, rallying for a sixth straight session as funds bought heavily due to a mine labour crisis in South Africa that sparked supply fears.
Platinum hits 3-month high on supply worry
Platinum hit a three-month high on Tuesday, extending gains into a sixth day as supply concerns stoked expectations of higher prices, and Tokyo's benchmark gold futures contract hit a record high for a second day.
Surging platinum poised to hit parity with gold
Rallying platinum prices are on the brink of hitting parity with gold, as concerns over supply outages in South Africa reignite, and stabilising economic conditions in China and the US.
Aquarius bleeding cash, shuttering capacity
Aquarius Platinum reported production of platinum group metals during the June quarter up 1 per cent from the March quarter, but three of its six operations were bleeding cash at a higher rate.
