Platinum Group Metals dip on European debt crisis worries

The companies announced the verified discovery of one of the largest palladium mineral systems in Australia.

The company changed its board of directors and plans to spin out non-core assets La Verde, Capricho, and Paco Orco into a new company.

The miner may cut its labor costs by 10%, which could involve layoffs among its 35,000 staff.

Case centres on a 2018 toxic spill at the Badila oilfield, equivalent in volume to 34 Olympic-sized swimming pools.