According to Johnson Matthey 2010 study of the Platinum group metals (PGM) has reported that demand of platinum is expected to fall in China and Japan. The study has recorded a fall of 39 percent in platinum demand. This is a contraction of 1.43 million ounces in gross demand of platinum in the auto sector [...]
Zimplats Holdings Limited (ASX:ZIM), Impala Platinum’s Zimbabwe unit, plans a $500 million mine expansion of its Ngezi project. Zimplats Holdings Limited is quoted saying: “Zimplats remains fully committed to the development of its resource base for the benefit of the country and all its stakeholders.” Click here to access the entire news.
Anglo Platinum, world’s top platinum producer, although expected that there will be an undersupply of of platinum in 2010 has deemed otherwise. Now the company expects to produce more than its forecasted 2.5 million ounces of platinum this 2010. Chief executive of Anglo Platinum, Neville Nicolau is quoted saying: “We have had as a strategy [...]
Nkwe Platinum Ltd. (NKP:AU), a major emerging PGM exploration and development company, has requested the suspension of trading while it’s waiting for a corporate announcement. The commencement of trade and the release of announcement is on Monday, May 24. Click here to access the entire news
Jubilee Platinum Share Price (JLP), with a company value of $129 million and is using the ConRoast technology, which is holding the most promising position in the current smelting technology has lifted the stock as much as 17 percent on Tuesday. RBC Capital Markets analyst Leon Esterhuizen is quoted saying: “It’s interesting to note the [...]
Aquarius Platinum Limited (ASX:AQP), world’s No. 4 platinum producer, has announced that the company’s production may rise to more than 550 000 oz in the next financial year. The said production increase is due to its recent restart of its Everest mine. Chief Executive Stuart Murray is quoted saying: “Production levels were down on the [...]
Tuesday was a tough day for metals on the markets and it was no different for platinum. Prices for June delivery on the Comex division of the New York Mercantile Exchange dropped $93.30 to $1,597.20 despite a report published by Johnson Matthey predicting a positive outlook for platinum prices in 2010.
Anglo Platinum (AMSJ.J), South Africa-based company and world’s No. 1 producer of platinum, is happy to announce that it is expecting to produce more than 2.5 million ounces of platinum in 2010 than it previously reported. Chief executive of Anglo Platinum AMSJ.J, Neville Nicolau was quoted saying: “We have had as a strategy for some [...]
Due to the damage in the precipitator at the Zondereinde metallurgical plant, South African platinum-miner NORTHAM PLATINUM LTD (NHM:SJ) has to shut down the converters. CEO Glyn Lewis was quoted saying: “The interruption will have a negative effect on sales for the current financial year.’ Click here to access the entire news
TSX-, JSE, and Aim-listed company, Platmin, which runs the Pilanesberg Platinum Mine (PPM) in South Africa, has produced 177 oz of platinum-group metals (PGMs) in Q1. CEO Tom Dale is quoted saying: “These funds will be applied to complete the build-up to full production at PPM and to pursue our vision of becoming a significant [...]
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