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
Platinum inched up, tracking gains in gold, despite more bad news from the car industry, the main consumer of both metals. For full story, click here
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.) diamond drill program has been completed in the vicinity of the Shaft Zone. For full story, click here
Eastmain Resources Inc. announces that drilling to test a priority airborne geophysical target is underway at its MEGATEM JV, a joint venture with Xstrata Copper Canada (“Xstrata”), located in the Normetal-Detour areas of the Abitibi Greenstone Belt in Ontario and Quebec. For full story, click here
Eastmain Resources Inc. announces that drilling to test a priority airborne geophysical target is underway at its MEGATEM JV, a joint venture with Xstrata Copper Canada (“Xstrata”), located in the Normetal-Detour areas of the Abitibi Greenstone Belt in Ontario and Quebec. For full story, click here
Spot platinum quoted at $860.50/880.50 an ounce, slightly up from $853 late on the earlier session. The industrial precious metals have suffered more from the economic downturn than gold, with platinum and palladium, which are chiefly used in catalytic converters, both dropping significantly from their summer highs. For full story, click here
Platinum has shed 45 per cent of its value in just nine months. Last Friday the spot price of platinum hit a low of $812.75 per oz. Now, for this first time in 12 years gold has surpassed platinum in value.
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
Zimbabwe’s biggest platinum mine Zimplats on Tuesday 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
South African based mining entrepreneur, Mr Loucas Pouroulis, indicated that he was looking forward to replicate the success of Eland Platinum (of South Africa) with another platinum venture called Kameni, which will develop new mines in South Africa and Zimbabwe. For full story, click here
Get our independent commentary on platinum trends and companies delivered to your inbox.
