One could just catch platinum shares at the bottom in their a t t e mpt to redeem themselves, as the platinum spot stages a comeback after a sharp decline from $1 520/oz to $1 170/oz in just six months. Though Amplats is outperforming Lonmin, I cannot wait for a breakout on this particular chart, simply because Lonmin is dead cheap at these levels and, more importantly, the dust has now settled from the Marikana i ncident, potentially prompting a sustainable reversal.
Anglo American Platinum, Impala Platinum and Lonmin dominate the industry both in terms of production levels and reserves − they are f ully integrated miners, meaning they have the capabilities to mine the ore, process it and sell it within their business structures.
But, on 23 January 2014, mining operations in the platinum sector were brought to their knees again when Amcu members downed tools, demanding a basic monthly salary of R12 500 from the three miners. The strike finally ended on June 2014, when the union signed a wage settlement. This was after the companies