South African Amplats Mine Sees Protests; 1.4% Shift for Indian Gold Bullion

“Security personnel at Anglo American Platinum (Amplats)’s Mogalakwena mine in South Africa on Wednesday dispersed protesting community members who were destroying mine property, the company said,” reports Reuters.

“The demonstrators were demanding that the company, the world’s top platinum producer, give them permanent employment.”

“Amplats spokeswoman Mpumi Sithole told Reuters operations at the mine had not been affected by the protest and the company had called in the police to help restore order.”

“The incident came days after Amplats workers at another mine, Dishaba, staged an underground sit-in to protest the suspension of a union leader.”

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On Tuesday, November 12, Indian gold bullion jumped up 1.4 percent, making it the day’s biggest increase. Japanese gold bullion finished the day down 1.0 percent. The price of Chinese gold bullion declined 0.7 percent. US gold bullion fell 0.6 percent on Tuesday.

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US silver ended the day after the 0.7 percent drop yesterday. Japanese silver closed 0.7 percent lower. The price of Indian silver fell 0.3 percent. Chinese silver prices saw a 0.2 percent decline.

US platinum bar closed 0.8 percent lower. Chinese platinum bar fell 0.7 percent on Tuesday. Japanese platinum bar finished the day down 0.4 percent.

US palladium bar ended the day, after the 0.3 percent drop yesterday. Japanese palladium bar stayed flat. Chinese palladium bar saw little change in its price yesterday.

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