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PRECIOUS-Platinum hits 5-month high as S.Africa unrest spreads

12 September 2012 By admin

(Updates prices, adds Amplats developments)

* Platinum hits highest since mid-April

* Amplats access blocked by strikers

* Gold at highest since late Feb as euro rallies

* Coming up: U.S. Aug. import/export prices; 1230 GMT

By Amanda Cooper

LONDON, Sept. 12 (Reuters) – Platinum was set for its
biggest one-day rally in a month on Wednesday after South
African police said striking miners had blockaded roads leading
to shafts belonging to number one producer Anglo American
Platinum.

The gold price rose to its highest since late February after
Germany’s constitutional court approved the country’s
participation in the permanent euro zone bailout fund, which
boosted the euro against the dollar.

A Reuters photographer at Amplats’ Bathopele mine, which is
part of the Rustenburg complex, said around 1,500 stick-waving
protesters demonstrated outside the facility, calling for its
immediate shutdown.
  Continued…





Previous: UPDATE 3-S.Africa mine protests hit world No.1 platinum firm
Next: UPDATE 1-S.Africa’s Aspen boosts FY profit, Asian unit robust





Filed Under: South Africa Tagged With: news, reuters, south africa

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