LiteWave Corp.reported that it has executed a Final Agreement to buy a 50% interest in 8 mineral exploration properties from St-Georges Minerals Inc. covering approximately 696 km2 located north and west of the town of Baie-Comeau, Quebec. For full story, click here
Read the full article: "Lightwave: Agreement Executed on North Shore..."
Friday, February 27, 2009
Platinum is less than half the price it was a year ago, and the price differential with gold has come down to almost zero. For full story, click here
Read the full article: "Platinum-Gold price differential comes to..."
Thursday, February 26, 2009
Platinum Guild International (PGI) has forecasted that the platinum jewellery market in China will be strong in 2009 after adapting to declining prices in 2008. For more information, click here
Read the full article: "Strong year for Chinese platinum jewellery..."
Thursday, February 26, 2009
Platinum and gold came under heavy selling pressure in the New York trading session. For full story, click here
Read the full article: "Platinum under heavy selling pressure"
Tuesday, February 24, 2009
Platinum for immediate delivery dipped $2.75, or 0.3 percent, to $1,074.25 an ounce. For full story, click here
Read the full article: "Platinum falls"
Tuesday, February 24, 2009
Lonmin plc the world’s third-biggest platinum producer, will suspend operations at the Baobab mine shaft “as soon as possible” and may lay off5,500 South African mining workers after the price of the metal declined. For full story, click here
Read the full article: "Lonmin Suspends Baobab Platinum Shaft, May..."
Monday, February 23, 2009
Platinum is at its highest price level since September, even though industrial demand is still weak. For full story, click here
Read the full article: "Platinum ETF’s soaring"
Monday, February 23, 2009
GLOBAL resources group BHP Billiton might consider investing in the platinum sector if it could add value to the group’s portfolio, but is in two minds over the decision. For more information, click here
Read the full article: "BHP Bilton in dilemma over Platinum"
Monday, February 23, 2009
Impala Platinum reduced spending on new projects and company’s output targets after the price of the metal fell from a record last year. Chief Executive Officer David Brown said: Impala will produce 2.1 million ounces of platinum in 2012, 8.7 percent less than previously planned. For more information, click here
Read the full article: "Impala Cuts Spending and Output Plans After..."
Monday, February 23, 2009
High prices of gold in India are forcing buyers of the precious metal these days to shift loyalties and buy platinum. For more information, click here
Read the full article: "Indian buyers prefer Platinum over Gold"
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Friday, February 27, 2009