AN improvement in the price of platinum from a multi-year low and better investor confidence have resulted in a flurry of fundraising by platinum mining companies. For full story, click here
Read the full article: "Platinum firms are rushing to market for..."
Friday, May 29, 2009
Platinum miner Lonmin, up in line with prices for the precious metal, is reported to be still leading the FTSE 100 higher. For full story, click here
Read the full article: "Platinum Miner Lonmin is leading the FTSE..."
Thursday, May 28, 2009
Platinum Underwriters closed yesterday at $27.27. So far the stock has hit a 52-week low of $21.38 and 52-week high of $38.76. Platinum Underwriters stock has been showing support around 26.48 and resistance in the 28.78 range. For full story, click here
Read the full article: "Platinum Underwriters closed at $27.27"
Thursday, May 28, 2009
Pan African Resources has set to purchase the 600,000 oz pgm Phoenix Platinum tailings treatment project in South Africa for R71 million. For full story, click here
Read the full article: "Pan African Resource has set to purchase..."
Thursday, May 28, 2009
Canada’s Platinum Group Metals Ltd. declared that it plans to surge $31.45 million through an offering of units, mainly to pay Anglo Platinum Ltd certain amounts due related to the restructuring of a joint venture. For full story, click here
Read the full article: "Canada’s Platinum Group will raise $35..."
Thursday, May 28, 2009
Miner Platinum Australia Ltd. declared that it has raised $47.6 million through a private placement to repay debt for its Smokey Hills Project in South Africa, develop new and existing projects, and for working capital. For full story, click here
Read the full article: "Platinum Australia has increased $61.2 mln..."
Wednesday, May 27, 2009
South Africa’s Wesizwe Platinum declared that it has secured a $66.42 million standby equity facility with U.S. based investment fund Yorkville Global Investments. For full story, click here
Read the full article: "South Africa’s Wesizwe Platinum has..."
Wednesday, May 27, 2009
A proposal for the first-ever U.S. exchange traded platinum fund would give the white metal a shot in the arm and fill some of the void left by lower demand from the beleaguered auto sector. For full story, click here
Read the full article: "Platinum ETF’s may soften blow from..."
Monday, May 25, 2009
Interfax-China quoted Johnson Matthey industry report strong jewelry demand from Asian countries, especially China, will support global platinum prices in the coming months, although the economic slump will slash platinum consumption in 2009 to a level below that of 2008. For full story, click here
Read the full article: "Chinese demand may support international..."
Monday, May 25, 2009
Impala Platinum Holdings Ltd.’s Marula mine is still shut down after a fatal accident on May 22. Impala is the world’s second-biggest producer of the metal. Government officials are expected to carry out an inspection later today. For full story, click here
Read the full article: "Impala Platinum Holdings closed for third..."
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Friday, May 29, 2009