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Norilsk Nickel had bought a 51% stake in Stillwater in 2003, but in November 2010 Norilsk Nickel announced plans to sell this stake. [2] The South African mining company Sibanye Gold Limited proposed in December 2016 to acquire Stillwater for $2.2 billion ($18/share, a 61-percent premium over its average share price during the previous 52 weeks).
In 2014, a five-month-long platinum strike had resulted in the deaths of four people, [22] six stabbings, [23] and 24 billion rand ($2.25 billion) in lost revenue for the South African platinum industry. The GDP of South Africa contracted in the first quarter of 2014, pulled down by the steepest drop in mining production (25% of which 19% was ...
Lonmin plc, formerly Lonrho plc, was a British producer of platinum group metals operating in the Bushveld Complex of South Africa. It was listed on the London Stock Exchange. Its registered office was in London, and its operational headquarters were in Johannesburg, South Africa. [2]
Platinum's current spot price is $1,004 an ounce, according to financial services company FactSet, which means that Costco's price is about 8% higher than the market value. Michigan voters share ...
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