Platinum Riding High
Platinum prices hovered around US$1,530 per ounce again Monday. Stuck between US$1,500 and US$1,600 since mid-May, analysts are predicting demand for platinum – used in everything from cars, to computers and cell phones – could be heating up and prices could be on the rise.
Platinum Prices Driven By Chinese and Indian Auto Markets
Platinum prices made gains on Tuesday, climbing to $1,525 per ounce after opening July at $1,500. The metal is up 5 percent since closing out 2009, an impressive feat given the lingering fears that the European debt crisis could still trigger a double-dip recession.
Platinum Hit By Greek Crisis Despite Positive Outlook
Tuesday was a tough day for metals on the markets and it was no different for platinum. Prices for June delivery on the Comex division of the New York Mercantile Exchange dropped $93.30 to $1,597.20 despite a report published by Johnson Matthey predicting a positive outlook for platinum prices in 2010.
Is Platinum Treading The Gold Path?
Tuesday, November 3, 2009
Barrick Gold has confirmed that it has dropped plans to develop the Sedibelo platinum project in South Africa. Not to worry. The story for the metal has only just begun.
Platinum Sales Drop, SA Miners Hurt
Friday, October 23, 2009
Though platinum prices have near doubled to 1350/oz this week from a low of 732/oz last October, for the miners in South Africa, it is still an uphill task. The SA government's talks to takeover ownership of mines could potentially scare off investors. How will the platinum producers operate in a constrained environment?
URSA Major Minerals Announces New Management Appointments
URSA Major Minerals Incorporated (TSE:UMJ) announced the appointment of Mr. Eric Loch as Vice President, Mine Operations and Projects.
Colossus Minerals Reports COOMIGASP Shareholder Approval of Transfer of Mineral Rights
Colossus Minerals Inc. (TSE:CSI) reports that the shareholders of its JV partner, COOMIGASP approved the transfer of the mineral rights related to Mining License DNPM Nr. 850.425/1990 from COOMIGASP to Serra Pelada Companhia de Desenvolvimento Minera. Colossus holds a 75% interest in SPC through its Brazilian subsidiary Colossus Geologia e Participações Ltda (“Colossus Brazil”). For complete [...]
SAfrica mine workers may strike at Northam Platinum
On Tuesday, South Africa’s National Mineworkers Union reported workers may strike at Northam Platinum for higher wages.
South African ARM Financial Year earnings down
On Monday, South African diversified miner African Rainbow Minerals (JNB:ARIM) reported a 26 percent drop in full-year headline earnings, hit by a strong rand and lower prices for iron ore and manganese.
Crowflight Announces July Production Results
CROWFLIGHT MINERALS INC. (TSE:CML) announced its production results for the month of July 2010 from the Bucko Lake Nickel Mine (Bucko) located in the Thompson Nickel Belt near Wabowden, Manitoba.
Platinum, palladium to rise next year too
Ibtimes.com reported on Platinum, palladium to rise next year too:
Franconia Minerals Completes 2010 Drill Program at Birch Lake Copper-Nickel-PGM Deposit
Franconia Minerals Corporation (TSE:FRA) announced results from holes BL10-07 through BL 10-11 from the recently completed 2010 drilling program at the Birch Lake deposit in northern Minnesota.
North American Palladium Releases Positive Scoping Study on the Offset Zone
North American Palladium Ltd. (TSE:PDL,NYSE AMEX:PAL) announced positive results from the Preliminary Economic Assessment on its Offset Zone located at the Lac des Iles mine north of Thunder Bay, Ontario.
International Millennium Confirms New Mineralized Zone at Simon Project
International Millennium Mining Corp. (CVE:IMI) has received assay results from diamond drill holes S10-3 and S10-7, at its Simon Mine project in Mineral County, Nevada.
Gossan Awards Incentive Stock Options
Gossan Resources Limited (CVE:GSS) reported that it has awarded 640,000 incentive stock options exercisable at $0.15 per common share to officers, directors and consultants of the Company. This grant of options is in compliance with the terms of the Company’s Stock Option Plan and remains subject to the acceptance of the TSX Venture Exchange.
- Colossus Minerals – gold and platinum group metals in Brazil
- Nortec – mineral exploration and development in Finland, Canada, and Ecuador
Asides 
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Monday, August 30, 2010