NEW YORK, Jan 13- A group of New York investors sued China Post Group Corporation for $500 million on Wednesday, claiming the government postal service failed to live up to its end of a deal to launch a chain of mini-markets in rural China. In a summons filed in Manhattan Supreme Court, New York- based China Horizon Investments Group, hedge fund firm Platinum Partners...» Read More
*Lonmin to sell 27 billion new shares. JOHANNESBURG, Nov 9- Platinum producer Lonmin priced its $407 million rights issue at a 94 percent discount as the firm fights for survival in the face of depressed commodity prices after writing down $1.8 billion in assets. Battered by strikes, rising costs and weak platinum prices, Lonmin said last month it planned to raise...
JOHANNESBURG, Nov 9- Platinum producer Lonmin on Monday priced its $407 million rights issue at a 94 percent discount as the firm fights for survival in the face of depressed commodity prices. Lonmin said it would sell 27 billion shares at 1.00 pence each to its shareholders, compared with the stock's last trading price of 16.25 pence on the London Stock Exchange...
David Wilson, director of metals research and strategy for Citi, says he expects demand for platinum from the autos industry to pick up.
One famed analyst says this might be the perfect time for commodities investors to pounce.
James Cordier, founder of OptionSellers.com, discusses the impact that the Volkswagen emissions scandal has on the prices of platinum and palladium.
*Platinum sinks to lowest since 2009. NEW YORK, Sept 23- Share prices firmed after an Asian equities selloff on Wednesday, with investors taking cues from rising commodity prices and looking past China's worst manufacturing contraction since the global financial crisis. Copper bounced from near four-week lows as short sellers took profits.
PRETORIA, Aug 31- South Africa's mining industry, unions and the government signed a broad plan on Monday to stem a wave of job losses triggered by falling commodity prices and soaring costs. Mines Minister Ngoako Ramatlhodi said the government planned to negotiate this issue with South Africa's central bank and the New Development Bank which has been...
*Platinum down 4.5 pct, palladium at 3- year low. NEW YORK/ LONDON, Aug 24- Gold turned lower on Monday, as the dollar pared losses, and U.S. shares and other commodity markets staged a comeback while the white precious metals fell on concerns about the Chinese economy. Platinum dropped as much as 4.5 percent, palladium hit a three-year low at $563.72 an ounce and silver...
Marc Elliott, mining analyst at Investec, discusses the job cuts at Lonmin and other mining companies, as commodity prices, hit record lows.
Lonmin CEO, Ben Magara, discusses the effect of low platinum prices on business, saying the precious metal will eventually see a rebound.
Daniel Hynes, Senior Commodity Strategist at ANZ, discusses the demand and supply issues in precious metals like platinum, palladium and gold.
James Steel, chief precious metals analyst at HSBC, discusses how inflation and commodity indices affects the price of oil and the knock on impact on gold.
Michael Widmer, metals strategist at Bank of America Merrill Lynch, discusses metal commodities and says gold should rally if tapering does not start soon.
Han Pin Hsi, Global Head of Commodities Research at Standard Chartered tells CNBC's Cash Flow why he thinks platinum will outperform gold.
Greg Johnson, President & CEO of Prophecy Platinum, talks about the rise in platinum prices and the impact of mining labor unrest in South Africa.
Kevin Book of ClearView Energy and Edmund Moy of Morgan Gold discuss the metals meltdown, as gold dips below $1,200 and oil edges down.
What should investors do with equity markets at record highs? Here is a recap of trade tips from today.
The Fast Money traders provide their plays on Merck, Microsoft and Best Buy. And Rick Rule, Sprout Asset Management, explains why he thinks gold prices are due for a "technical recovery."
Thomas Vitiello, Aurum Options Strategies, shares his metal strategy as the sell-off continues in gold, silver, and platium this morning.
Phil Silverman, Managing Partner of Kingsview Capital, explains why to wait on gold and silver plays as equities hit all-time highs.