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 the current [...]
Thursday, June 24, 2010
Colossus Minerals reports results of further diamond drilling on the Serra Pelada gold-platinum-palladium project, Brazil. Four geotechnical diamond drill holes in Colossus’ Phase II drilling program, were cored for a total of 1,203 metres. SPGT-003 and SPGT-004 were focused on the Central Mineralised Zone (”CMZ”), which overprints metasediments occupying the hinge and inner limbs of a northwest-facing, southwest-plunging, [...]
Continue reading "Colossus Minerals Discovers Two New Mineralised Zones"
Wednesday, June 2, 2010
Colossus Minerals Inc. is an exploration and development company focused on gold and platinum group metals in Brazil. Led by a skilled management team, the company is managing and developing the well-sought after Serra Pelada project, a Colossus-COOMIGASP joint venture.
Continue reading "Colossus Minerals – gold and platinum group metals in Brazil"
Wednesday, May 26, 2010
Colossus Minerals reports Mr. Luiz Carlos Celaro is hired as General Director of the Company’s Brazilian subsidiary Colossus Geologia e Participações Ltda. Mr. Celaro, a Brazilian citizen, has 35 years of in-country experience in engineering, construction, and mine management. Mr. Celaro worked for Vale S.A. for 9 years where he was involved in the development of several new [...]
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Friday, May 21, 2010
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.
Continue reading "Zimplats to Set Up $500M Refinery in Zimbabwe"
Wednesday, May 19, 2010
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.
Continue reading "Platinum Hit By Greek Crisis Despite Positive Outlook"
Friday, May 14, 2010
Colossus Minerals Inc. (CA:CSI), a company focused on a high-grade gold and platinum group metals project in Brazil, has announced their agreement with Municipality of Curionopolis, Para State, Brazil, for their education, health, urban planning, and infrastructure development funding. Ari Sussman, CEO of Colossus is quoted saying: “This Agreement is an important part of our commitment to [...]
Friday, October 23, 2009
Though platinum prices have near doubled to 1350/oz this week from a low of 732/oz last October, for the miners in South Africa, it is still an uphill task. The SA government's talks to takeover ownership of mines could potentially scare off investors. How will the platinum producers operate in a constrained environment?
Continue reading "Platinum Sales Drop, SA Miners Hurt"
Wednesday, March 18, 2009
Monday’s equity market rally switched precious metals to a negative track. As equities rose, the precious metals were less enticing to investors, and this was reflected in their value. Platinum for April delivery ended the session in New York down $14.20 to $1,049.40 per troy ounce.
Continue reading "Equity rally bad news for platinum"
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"
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Tuesday, July 13, 2010