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PLATINUM

PTM's Waterberg discovery 'more down to earth' than asteroid mining Restricted

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Digging platinum from asteroids? Toronto- and New York-listed junior Platinum Group Metals (PTM) said on Tuesday its discovery of a new deposit in South Africa is “more down to earth" than the recent suggestions of mining on asteroids for...
By: Matthew Hill
9th May 2012
 
 
PLATINUM

Implats, Northern Shield formalise QC platinum JV Restricted

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Canadian junior Northern Shield on Friday said it firmed up a joint venture agreement with world number-two platinum producer Impala Platinum over the TSX-V-listed company’s Idefix property in northern Quebec. The partners had in January inked...
By: Matthew Hill
7th May 2012
 
 
PLATINUM

Panoramic buys WA project from Platinum Australia Restricted

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ASX-listed Platinum Australia has sold its Panton platinum-group metals (PGM) project, in Western Australia, to fellow listed Panoramic Resources for A$5.25-million and a net smelter return of 0.5%. The project is estimated to contain a resource...
By: Esmarie Swanepoel
7th May 2012
 
 
PLATINUM AND PALLADIUM

Platinum demand game changer needed to balance market Restricted

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A game-changing shift in demand would be required to alleviate the global platinum surplus, which stood at 735 000 oz last year, precious metals consultancy Thomson Reuters GMFS global head of precious metals Paul Walker said this week. “My...
By: Idéle Esterhuizen
4th May 2012
 
 
PLATINUM

Cost of new platinum mine to rise to R12bn – Wesizwe Restricted

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The capital cost of building of the new Bakubung platinum mine, now under construction on the western limb of the Bushveld Complex, is expected to escalate to R12-billion. So says Wesizwe CEO Jianke Gao, who was speaking to Mining Weekly in...
By: Martin Creamer
4th May 2012
 
 
PLATINUM

Cost of new platinum mine to rise to R12bn – Wesizwe Video Available Restricted

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Martin Creamer, Haiyao Zheng & Jianke Gao The capital cost of building of the new Bakubung platinum mine, now under construction on the western limb of the Bushveld Complex, is expected to escalate to R12-billion.
By: Martin Creamer
4th May 2012
 
 
PLATINUM AND PALLADIUM

Platinum to remain in surplus, eurozone crisis flagged as 'major' risk Restricted

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Platinum registered its seventh consecutive gross surplus in 2011 and was likely to experience a similar outcome in 2012, while palladium remained in a gross deficit, which was likely to increase this year, precious metals consultancy Thomson...
By: Idéle Esterhuizen
3rd May 2012
 
 
PLATINUM

Zimplats Q3 profit soars on higher platinum prices Restricted

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Impala Platinum's Zimbabwe unit Zimplats reported a 170% jump in third-quarter profit on Monday, buoyed by higher platinum prices. Zimplats said January to March operating profit rose to $52-million from $19-million the previous quarter. Revenue,...
By: Reuters
30th April 2012
 
 
 
 
 
 
 
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