Platinum declined last week; and continued the trend this Monday as uncertainty over the future of US automaker GM put the metal’s near future demand outlook into question. In the current state of the economy, the auto industry is unable to lend support to platinum; but the metal may get some relief from rising safe haven appeal.
Continue reading "Automaker uncertainty bad news for platinum"
Wednesday, February 18, 2009
Premium Exploration Inc. reported today that the PGM anomalies previously reported at the Chrome Mountain PGM project were formed by the same type of processes that formed the Platreef PGM deposits in South Africa.
Continue reading "Premium’s Stillwater PGM Anomalies are Platreef"
Tuesday, February 10, 2009
Platinum has bounced more than 30 percent since plunging to a five-year low of approximately $732 an ounce in October. This ascent is occurring despite the absence of physical buying from the industrial sector. This rebound, without appropriate technical recovery is puzzling analysts.
Continue reading "Platinum’s rebound puzzles analysts"
Monday, February 9, 2009
South African owned Zimbabwe Platinum Mines has shut down its open cast mining operations at Ngezi Mine along the rich great dyke, citing a drop in platinum prices on the international market and increasing operating costs in the troubled southern African country. For full story, click here
Continue reading "Zimplats Halts Open Cast Platinum Mining"
Sunday, February 8, 2009
Aquarius Platinum (Aquarius) will shut down its Everest Mine for at least six months because of the unstable ground conditions that forced a suspension of operations. For full story, click here
Continue reading "Aquarius shuts down the Everest mine"
Friday, February 6, 2009
Aquarius Platinum, the fourth-largest platinum miner, expected studies on the Everest Mine subsidence event to be completed within the next three months, and a decision would be taken on reopening the mine, CEO Stuart Murray said yesterday. For full story, click here
Continue reading "Decision soon on fate of Everest Mine"
Monday, February 2, 2009
Sylvania Resources said that it was applying for a licence to mine the Vygenhoek platinum group metals deposit at Everest North on the eastern limb of the Bushveld complex. For full story, click here
Continue reading "Sylvania plans new opencast platinum mine"
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.
Continue reading "Platinum’s future eludes analysts"
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
Continue reading "Stillwater Mining company closed one of its two Montana mine"
Tuesday, January 13, 2009
Platinum rebounded early in ’09, and came back into the four digits, the metal’s highest value in over 12 weeks. In 2008 the metal went on a wild ride, hitting a peak of $2,290 per ounce, and then came crashing down to a three digit value. Despite the metal starting the year on a good note, RBC capital markets has cut its platinum price forecast for the next two years.
Continue reading "Platinum rebounds despite poor fundamentals"
For upcoming platinum investing trade shows, see the following links: World Platinum Congress, Cambridgehouse, IIC, Chicago Resource Expo
PlatinumInvestingNews.com maintains a focus on Platinum exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
The Platinum Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
ResponsibleMiner.com is a new web site with a wiki for mining companies and suppliers can discuss best practices in the mining industry. Also, check for profiles of companies doing great things to improve mining best practices.
Monday, April 27, 2009