Tuesday, July 17, 2007

Platinum Futures Gain in Tokyo as Union Rejects Northam Pay Increase Offer

(Bloomberg) -- Platinum futures rose in Tokyo after
Northam Platinum Holdings Ltd. said its offer to increase wages
was rejected, raising concern that output in South Africa, the
world's largest producer, may be disrupted by possible strikes.

Northam, operator of the world's deepest platinum mine, said
yesterday that unions didn't accept its proposal to increase
wages by between 9 percent and 10 percent.


Read more at Bloomberg Commodities News

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