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Company News

Northam Platinum Wants to Buy South African Mines

Reuters reported that South Africa's Northam Platinum (JSE:NHM) wants to buy up South African platinum mines despite recording full year losses due to protracted strikes earlier this year. According to Reuters, Northam has reviewed its strategy due to what it sees as opportunities arising in the sector.

Ivanhoe Mines’ Q2 Loss Totals $135.8 Million

Ivanhoe Mines Ltd. (TSX:IVN) announced its financial results for the second quarter of 2014, commenting that it was hit by a total comprehensive loss of $135.8 million, up $84.7 million from the year-ago period.

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Market News

New Zealand Could Be a New Hot Spot for Platinum Exploration reported that in light of South African strikes and Russian sanctions, the platinum sector is looking for new areas of exploration, and New Zealand could be one of them. Canada's Coronado Resources (TSXV:CRD) has secured five exploration licenses in the country.

Rising Palladium Prices Could Mean Platinum Switch, SP Angel

Bloomberg reported that high palladium prices could drive a switch to using platinum for catalytic converts, SP Angel Corporate Finance LLP has said. Palladium has gained 22 percent this year while platinum has risen only 8.1 percent.

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