Platinum falls 1 pct on S.African mining strike settlement offer

April 17 Thu Apr 17, 2014 1:13pm EDT

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April 17 (Reuters) - Platinum prices fell 1 percent to their lowest in two weeks on Thursday after South Africa's biggest platinum producers offered to raise wages for some miners to settle a three-month old strike.

Spot platinum was down 1.1 percent at $1,416.50 an ounce by 1:10 p.m. (1710 GMT) (Reporting by Frank Tang; Editing by David Gregorio)