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Zijin ups bid in muted market for Nkwe

CHINESE concern Zijin Mining Group has upped its cash offer for the 40% of Nkwe Platinum it doesn't own, from 8c to 10c, with the formalisation of a long-flagged mop-up offer for the Perth-based platinum player.

Haydn Black
Platinum is trading at lows not seen since 2008.

Platinum is trading at lows not seen since 2008.

The 25% increase in the offer for Nkwe is a counter-cyclical move, and comes as the white metal hit its lowest level in a decade this week, dipping as low as US$760/oz.    While the plunge was largely...

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