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LME launches LBMA Platinum, Palladium prices

The London Metal Exchange (LME) has successfully launched LMEbullion, a custom-built electronic solution to provide reference prices for the platinum and palladium markets. LMEbullion began providing the LBMA Platinum and Palladium Prices on 1 December, replacing the previous pricing mechanism run by the London ...

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Platinum, mining strikes see steel, engineering contract 2.5% – Seifsa

STRIKES IN South Africa’s platinum and metals industries will contribute to a contraction of as much as 2.5 percent in the steel and engineering sector this year, according to the biggest employer group. “Up to May, we were expecting the ...

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Zimbabwe to boost gold output by cutting miners’ royalty

The Zimbabwean government has decided to lower the royalty on goldfrom 7% to 5% in an attempt to boost gold production from the country. The government decision is expected to breathe new life into the Zimbabwean gold mining industry, which has ...

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Russian firms to develop $3 bln Zimbabwe platinum mine

A Russian consortium including arms conglomerate Rostec have partnered to develop a $3 billion platinum mining project in Zimbabwe, the single biggest investment in the country since independence in 1980. The government of President Robert Mugabe has been shunned by ...

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