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.


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Platinum Rises as Wage Disputes at South Africa Mines May Disrupt Supplies

(Bloomberg) -- Platinum rose, heading for its
second weekly gain in three weeks in New York on concern wage
disputes will lead to strikes at mines in South Africa, the
biggest producer of the metal. Palladium also gained.

Anglo Platinum Ltd. last week raised a wage offer in an
attempt to avert a strike, and employees at Impala Platinum
Holdings Ltd. turned down a proposed pay increase. The two
South African companies are the world's biggest platinum
producers.


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Platinum Gains on Production Curb at South African Mine; Palladium Climbs

(Bloomberg) -- Platinum rose in New York after
Anglo Platinum Ltd., the world's largest producer, said it will
cut production at its biggest mine. Palladium also advanced.

Output at the mine in Rustenburg, South Africa, will drop
by as much as 15,000 ounces. The company plans to improve safety
after five workers were killed at the mine in the past two
weeks.


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S.Africa's NUM union rejects Angloplat wage offer

(Reuters) - South Africa's National Union of Mineworkers said on Wednesday it had rejected a 6 percent pay rise offer from Anglo Platinum Ltd and was sticking to its demand for 15 percent.

"We would like to remind the powers that be at Anglo that the NUM is in no way playing when it talks of double digits," the union said in a statement. "We stick to our 15 percent demand, and we invite Anglo to come to the party."


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