Falling platinum prices threaten Zimplats survival
Falling global platinum prices are threatening the viability and survival of Zimbabwe’s largest platinum producer, Zimplats, the company warned. For full story, click here
Archive for 2008
Zimbabwe’s biggest platinum mine says survival under threat
Zimbabwe’s biggest platinum mine Zimplats warned its survival was under threat and expected significant losses due to the fall of metals on the international market. For full story, click here
Platinum prices advanced in Asian trade
Platinum prices advanced in Asian trade after oil made a slight recovery as dollar weakened further against major currencies. For full story, click here
Houston Lake Mining Completes Phase II Drilling on the Dubenski
Houston Lake Mining Inc., an advanced exploration company seeking gold, platinum group and rare metal deposits in Ontario, is pleased to announce that the Phase II 22 hole, 2,232m (7,321 ft.) drill program has been completed in the vicinity of the Shaft Zone. For full story, click here
Decline in global jewellery demand for platinum
Rising prices and a global recession have led to a 2.3 per cent decline in global jewellery demand for platinum to 6.52 million oz this year. For full story, click here
Demand for platinum will be fuelled up
Demand for platinum will be fuelled up by the new Euro 5 light duty vehicle emissions rules that mandates the use of diesel particulate filters in Europe and by continued growth in vehicle production in China. For full story, click here
Ridge Says Concentrate Plant Delayed After Accident
Ridge Mining Plc, which explores platinum in South Africa, delayed the development of a plant to process ore because of an accident. For full story, click here
Platinum market is forecast to be in deficit by 2,40,000 oz
The platinum market is forecast to be in deficit by 2,40,000 oz in 2008. Demand is set to fall by 2.3 per cent to 6.52 million oz, while supply of the white metal is likely to slip 4.2 per cent to 6.28 million oz – the lowest since 2003. For full story, click here
Platinum prices may decline to $700/oz
Platinum prices could drop to as low as $700 an ounce in the coming months as investors would prefer to cash to other investments, according to Johnson Matthey, an authority on the precious metal. For full story, click here
Platinum prices advanced in Asian trade
Platinum prices advanced in Asian trade on Monday after oil made a slight recovery as dollar weakened further against major currencies. For full story, click here
