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North American Palladium Ltd. Message Board

  • pacenet_2000 pacenet_2000 Apr 28, 2013 7:17 PM Flag

    Mines to close, wages to rise?

    The wires have stories about agreements on up coming mine closure in SA. I doubt it. If they close, without adequate compensation to the workers, they will riot. They also are demanding increases of like 20% and this is on top of surging electricity costs in that area too. Bottom line; South African pt/pd producers are being squezed from all sides and can't be making money. Sooner or later, one way or another, production will have to drop.

    "Platinum has just not had the kind of speculative selloff that either gold or silver had. It's been supported by industrial buying."

    Sentiment: Strong Buy

 
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