Colossus Minerals Inc. (TSE:CSI) reports its drilling for the extensions of precious metal mineralisation on the recently expanded land package situated in Para State, Brazil The first drill‐holes of the 5,000 metre drill program are targeting the down‐plunge projection of high grade gold‐platinum‐palladium mineralisation in the Central Mineral Mineralised Zone (“CMZ”). To the northeast of [...]
Barrick Gold has confirmed that it has dropped plans to develop the Sedibelo platinum project in South Africa. Not to worry. The story for the metal has only just begun.
Platinum is known as "high-octane gold", for its stronger price moves and prospects for a higher upside. Platinum is essential to the economies of many industrialized nations, globally, demand for platinum is the sum of; investment demand, industrial demand, and jewellery demand.
Platinum prices advanced further Tuesday after surging oil prices boosted the precious metal’s appeal as a hedge against inflation. Overall weakness in the dollar, the recovery in equities and fresh optimism over the economic outlook sparked buying of commodities in earlier trade.
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