Tuesday, June 17, 2014

A South African Platinum Miner Deal But the Metal Seems to Have Drawn a Line at $1430

From Reuters:

S.Africa platinum firms, union agree "in principle" offer - Implats
South Africa's platinum producers and union AMCU have agreed on a broad wage offer to end a protracted strike but details such as the timeframe and additional benefits are still outstanding, Impala Platinum said on Tuesday.
"The big principle in the offer has apparently been agreed to. It's just other smaller issues like the timeframe and housing allowance that needs talking about," company spokesman Johan Theron said....MORE
We'll have more when details come out. In the meantime the price action is worth noting, $1432.30 last: