R.I. Update for Friday, 5 December 2008

TOP STORIES    Dispute Over Angloplat Relocation Fund By Stephan Hofstatter, 04 Dec 2008, 11:14 AM Protests turn violent as groups contest who represents 6,000 villagers moved for a platinum mine. Companies Urged To Come Clean On Pay Deals For Executives By Renée Bonorchis, 04 Dec 2008, 11:27 AM South Africa is still going to see some large executive pay packages coming through next year, despite the widespread downturn in markets and company profits, says Deloitte Consulting remuneration specialist Nick Icely. Crisis Management In the E.U. By Sylvester Eijffinger, 04 Dec 2008, 11:41 AM This article introduces the newest Policy Insight on what the E.U. has been doing and should be doing in terms of managing the global crisis. BHP Billiton Cuts Manganese Output By Charlotte Mathews, 04 Dec 2008, 11:10 AM Weak conditions in the global steel industry have hit BHP Billiton, which announced yesterday it would cut back on production of manganese in South Africa (SA) and Australia. Commission's Report Gets It Wrong on Rights By Rhoda Kadalie, 04 Dec 2008, 11:33 AM It has been a rough year for the platinum mining industry in South Africa (SA). At the beginning of the year, an ounce of platinum was worth $2,200, but seven months later — as a result of the global financial crisis, cutbacks in vehicle manufacturing and low demand for platinum used in catalytic converters — the price of platinum has plummeted to less than R800/oz.
PITPUNDIT BLOG  So go commodities, so goes Russia?  Lukoil: what financial crisis?  The yuan, back to 'weak tea'?  Enbridge's pipelines gush  Nexen considers amputations to parry takeover  China for speculation  Precious metals funds 'newfound' appeal  Copper Cliff mine being idled  Bank of England cuts rate 100 basis points  OZ Minerals' problems bigger than $1 billion?  Rio Tinto bouncing on bottom?  Straits Resources considering options with Straits Asia  Steel expansion delayed in Mexico  New coal Indonesian coal plant  New U.S. steel production deferred  Oil + mining, an echo of the '80s?
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