Tuesday, June 19, 2007

Platinum Futures Climb to Record in Tokyo as Anglo Shuts Rustenburg Mine

(Bloomberg) -- Platinum futures held near a record
high in Tokyo after Anglo Platinum Ltd., the world's largest
producer, said yesterday it would shut its biggest mine for as
long as seven days.

The disruption may cut output at the mine in Rustenburg,
South Africa, by as much as 15,000 ounces this year, Anglo
Platinum said. The Johannesburg-based company said the closure is
to improve safety after 12 workers were killed at the mine this
year, including five in the past two weeks.


Read more at Bloomberg Commodities News

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