* Amplats says industry in financial distress * Says can't negotiate with strikers in climate of 'anarchy' By Olivia Kumwenda JOHANNESBURG, Nov 1 (Reuters) - South Africa's platinum industry is in "severe financial distress" and high wage settlements to get wildcat strikers back to work will lead to job cuts, Anglo American Platinum said. The world's top … [Read more...] about UPDATE 1-S.Africa mine unrest to lead to job losses
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PRECIOUS-Gold retreats below $1,720/oz, U.S. jobs data eyed
* Traders focus on Friday's U.S. non-farm payrolls * Chinese PMI data seen benefiting commodities * Amplats says losing 3.7k oz platinum a day to strike By David Brough and Jan Harvey LONDON, Nov 1 (Reuters) - Gold prices eased a touch on Thursday as the dollar firmed, but moves were muted as investors remained focused on U.S. employment data due on Friday … [Read more...] about PRECIOUS-Gold retreats below $1,720/oz, U.S. jobs data eyed
CORRECTED-Village Main says production restarts at Tau Lekoa mine
(Corrects Oct 30 story to show work stoppage was not related to mining strikes) JOHANNESBURG Oct 30 (Reuters) - Junior South African gold producer Village Main Reef said on Tuesday output had resumed at its Tau Lekoa mine after a production stoppage and was expected to reach normal levels in the next few days. The stoppage followed the death of a contractor's … [Read more...] about CORRECTED-Village Main says production restarts at Tau Lekoa mine
Euro Coal-Prices dip, no impact from U.S. storm
* Dec S.African cargoes trade at $77.25, $77.85/T * Hurricane Sandy causes minimal damage to U.S. coal ports LONDON Oct 31 (Reuters) - Prompt South African coal prices slipped by around 50 cents a tonne on Wednesday as weak demand encouraged bearish sentiment, traders and utilities said. Two December-loading South African cargoes traded today at $77.25 and $77.85 … [Read more...] about Euro Coal-Prices dip, no impact from U.S. storm
PRECIOUS-Gold up with Wall St on day but posts monthly loss
* Stocks edge up as Wall Street reopens after two days * Traders focus on Friday's U.S. non-farm payrolls * Gold importers in India await lower prices By David Brough and Jan Harvey LONDON, Oct 31 (Reuters) - Gold rose nearly 1 percent to its highest in a week on Wednesday as U.S. stock markets held firm after re-opening following Hurricane Sandy, but gold … [Read more...] about PRECIOUS-Gold up with Wall St on day but posts monthly loss
