Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
The shares of diversified mining company Pallinghurst rose by more than 4% in Johannesburg on Monday after the company reported a rise on the performance of its platinum, manganese and coloured gemstones business units during troubled times. In the 12 months to December 31, the JSE-listed company’s profit was $55-million and its net asset value 35% higher after its Sedibelo Platinum operations recorded their first full year of profitability, along with three-million fatality-free shifts.
The shares of diversified mining company Pallinghurst rose by more than 4% in Johannesburg on Monday after the company reported a rise on the performance of its platinum, manganese and coloured gemstones business units during troubled times. In the 12 months to December 31, the JSE-listed company’s profit was $55-million and its net asset value 35% higher after its Sedibelo Platinum operations recorded their first full year of profitability, along with three-million fatality-free shifts.
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