PLatinum Australia in administration = less supply?

Discussion in 'Platinum' started by SilverSanchez, Jul 2, 2012.

  1. SilverSanchez

    SilverSanchez Active Member

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    Platinum Australia placed in administration by: Rhiannon Hoyle From: Dow Jones Newswires July 02, 2012 3:37PM Increase Text SizeDecrease Text SizePrintEmail
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    PRECIOUS metal miner Platinum Australia has been placed into administration after weak commodity prices and operational issues at its South African mine sparked an urgent review across its operations, administrator Pitcher Partners said in a statement.
    The administrator said the review of the company, which has been hit by a slump in platinum prices at a time where it has faced ongoing disruption at its Smokey Hills mine, has "revealed a need to reassess all current projects".


    http://www.theaustralian.com.au/bus...he+Australian+|+Business+|+Mining+and+energy)
     

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