Lonmin Chief Keeping It Simple
New Lonmin CEO Ian Farmer will not say whether the company went into panic mode when Xstrata launched its hostile takeover bid earlier. For full story, click here
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New platinum mining project opens doors for community upliftment
Friday, January 30, 2009
The king of Africa’s richest indigenous tribe, the Royal Bafokeng Nation (RBN) Kgosi Leruo Molotlegi, said he is pleased with the employment opportunities and other economic benefits catalysed by the newly started Styldrift platinum mining project, in Limpopo. For full story, click here
Read the full article: "New platinum mining project opens doors for..."
Platinum expected to average $1,343
Thursday, January 29, 2009
Real platinum prices (in 2007 dollars) are expected to average $1,343 an ounce between 2008 and 2017, the forecast period. For full story, click here
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Platinum and palladium output to fall
Thursday, January 29, 2009
Norilsk Nickel says nickel, platinum and palladium output to fall from previously planned levels. For full story, click here
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Platinum’s future eludes analysts
Wednesday, January 28, 2009
Platinum showed extreme volatility in 2008, rising to an all-time high of $2,290 an ounce in March on the back of a power shortage in major producer South Africa, before falling to a five-year low of $732.50 in October.
Read the full article: "Platinum’s future eludes analysts"
Aquarius Platinum sees H1 loss of $75-$85 mln
Tuesday, January 27, 2009
South African-focused Aquarius Platinum Ltd expects a first-half, after-tax loss of $75 million to $85 million due to weak metals prices, it said. For full story, click here
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Stillwater Mining company closed one of its two Montana mine
Tuesday, January 27, 2009
Stillwater Mining company closed one of its two Montana platinum/palladium mines in November. Stillwater attributed the closure to the severe drop in platinum and palladium prices. For full story, click here
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Platinum prices are not expected to rise in 2009
Tuesday, January 27, 2009
Platinum prices are not expected to rise in 2009, but as the economy perks up and automakers start selling cars again, platinum prices will rise. Before that happens, though, platinum could fall further. For full story, click here
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Platinum prices have fallen from a high
Tuesday, January 27, 2009
Platinum prices have fallen from a high around $2250/ounce to about $955/ounce. For full story, click here
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Share Price of Anglo rises
Monday, January 26, 2009
Anglo American Plc rose 0.8 percent to $9. For full story, click here
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- Colossus Minerals – gold and platinum group metals in Brazil
- Golden Touch Resources Corp. – Breaking New Ground in Albanian Precious Metals Mining
- Prophecy Platinum Corp. — Developing Its Wellgreen PGM Nickel Property in Canada’s Yukon Territory
Asides
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Friday, January 30, 2009