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25th May 2012
GOLD 1572.96 $/oz
PLATINUM 1429.50 $/oz
R/$ exchange 8.38
R/€ exchange 10.49
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'Critically vital' platinum 'misunderstood' metal – Gilbertson
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http://www.miningweekly.com/article/critically-vital-platinum-misunderstood-metal-gilbertson-2008-08-20
Article Headline:
'Critically vital' platinum 'misunderstood' metal – Gilbertson
Abstract:
Platinum-group metals (PGMs) were a “very much misunderstood” group of metals that “the world just wouldn't operate without", platinum mining doyen Brian Gilbertson said on Wednesday at the listing of his new Pallinghurst Resources company on the main board of the Johannesburg Stock Exchange (JSE). Gilbertson said that, while the use of platinum in automobile catalysts and jewellery was well-known, what was not as well known was the fact that without platinum group metals there would be: * no fibreglass; * no refining of oil that put petrol into vehicle fuel tanks; * no nitric acid and therefore no nitrogenous fertiliser to grow crops; and * the absence of an estimated 20% of all consumer products that either contained platinum group metals or required the metals in their production.
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