Implats earnings up nearly 400% on weak rand, costly metal

The Seagull Lake property is 90 kilometres north of Thunder Bay, Ontario, Canada, and consists of 133 claim cells totalling approximately 2,128 hectares.

Foreign platinum and diamond miners have been restricted to only 49 percent ownership of their Zimbabwe operations by the black economic empowerment law.

Even though demand for the precious metal is growing for first time since 2015.

The diversified miner's CEO Mark Cutifani earned $72,000 per day last year.

The threat of disruption has helped boost platinum and palladium prices this week.

Recyclers can recover about 90 percent of the metal from catalytic converters in junked cars for a fraction of the cost of mining it.

“We are of the view that AMCU is not acting in the best interests of workers, or the industry”- Anglo American Plc

The global palladium market deficit is forecast at 800,000 ounces compared with 600,000 ounces in 2018.

Palladium’s deficit-driven ascent has some analysts warning of the growing potential for a correction given the rapid sprint upward.