Sunday, July 22, 2007

Platinum Futures in Tokyo Little Changed Near Record High on Wage Talks

(Bloomberg) -- Platinum futures in Tokyo were little
changed after South Africa's National Union of Mineworkers said
Anglo Platinum Ltd. will probably improve its pay offer.

Anglo, the world's biggest producer of the metal, and the
union have been in wage talks since May, raising concern a strike
may cut supply or a pay increase would push up mining costs. The
company will revise its offer to increase pay by as much as 10
percent on July 26, NUM negotiator Oupa Komane said on July 20.


Read more at Bloomberg Commodities News

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