Pan African Sends Off First PGM Concentrate
Mining Weekly reported Pan African Resources (LSE:PAF,JSE:PAN) has produced its first platinum-group metals concentrate at its retreatment plant.
Mining Weekly reported Pan African Resources (LSE:PAF,JSE:PAN) has produced its first platinum-group metals concentrate at its retreatment plant.
Prophecy Platinum Corp. (CVE:NKL,OTC:PNIKF,FRA:P94P) announced drill results received from its 2011 drilling Wellgreen PGE-Ni-Cu Project.
Mineweb reported if PGM prices don't rise by at least 10% in the next 6 to 12 months, the South African sector may start cutting back and closing operations.
Minweb reports an interview with Jonathan Butler from Johnson Matthey about the factors currently influencing supply and demand in the PGM sector.
Platts reports Angloplats (LON:AAL), is to sign a new pay deal with the unions, but fellow PGM producer, Implats (JNB:IMP), is still in dispute.
Prophecy Coal Corp. (CVE:PCY,OTC:PRPCF,FRAN:1P2) reports it has filed its interim financial results for the first quarter ended March 31, 2011.
The perfect storm has hit platinum in the wake of the Japanese earthquake and geopolitical events in the Middle East and North Africa regions. The impact of these events are specific to the platinum market in one regard: automotive demand. Nearly 40 percent of total platinum demand comes from the auto industry.
Mining Weekly reported that Platinum Group Metals announced the discovery of an extension to the Bushveld Complex in South Africa.
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 was mixed on Thursday, July platinum rose $2.40 to $1,207.60 an ounce, while September palladium declined $3.35 to $239.70. The drop in the three month contract price was related to declining crude oil. Last week, prices of both platinum and palladium climbed to their highest levels since November 2008-
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