Platinum miners loath to take lead on output cuts

Profit prospects are poor for South Africa's platinum miners as they collectively hold back from making the deep production cuts necessary to reduce a market surplus and force higher prices. They have felt some respite this year from the...

Mining Indaba Schedule

Resources Watch roundup

Creamer Media’s Resources Watch highlights some major events that took place during the year.

Platinum price could soar beyond predicted $1 900/oz, says GFMS

Independent precious metals research consultancy Gold Fields Mineral Services (GFMS) report that the company’s predicted platinum price of $1 900/oz is a base case scenario, with US monetary policies holding the possibility of providing the...

‘Large’ palladium deficit expected, platinum in surplus

Platinum is expected to remain in a surplus this year, while palladium – which is increasingly being used as a substitute for platinum – would see a “large” deficit in 2011, precious metals consultancy GFMS reported on Thursday. Platinum...

Resources Watch

DRDGold plans to sell Blyvoor and ERPM to focus on surface reclamation GFMS sees the gold price topping $1 600/oz by year-end An avalanche of interest as South Africa’s minerals cadastre goes live on the Internet And, old gold fundamentals are...

GFMS sees gold price topping $1 600/oz by year-end owing to Middle East protests and US, European macroeconomic uncertainties

Independent precious metals research consultancy Gold Fields Mineral Services (GFMS) reports that growing geopolitical uncertainty in the Middle East and North Africa, coupled with macroeconomic uncertainties from the US and Europe, are the main...

Gold investment continued to drive prices higher last year

Independent precious metals research consultancy Gold Fields Mineral Services (GFMS) reports further growth in investment demand in 2011 will be the main driver of the gold price this year, expected to peak at $1 600/oz by year end.

GFMS keeps $1 600/oz gold forecast, Aquarius buys platinum company, Miranda accelerating coal projects

The price of gold is expected to break through $1 600/oz before the end of this year; Platinum miner Aquarius is buying Afarak Platinum for $109,7-million; and

Gold could hit $1620/oz this year, near term weakness possible - GFMS

The gold price will likely set new highs above $1 600/oz in the second half of 2011, supported by “strong and positive” investment demand through the year, GFMS research director Neil Meader said in Toronto on Wednesday. In town to launch the...

Copper supported at current levels but upside 'constrained' – GFMS

A growing market deficit for copper in the second half of this year will underpin current price levels, but may not prove the incentive needed for a spike in prices in the near-term, GFMS analyst Mark Fellows said on Tuesday. Copper prices set a...

Gold mine output hits record in 2010; scrap fell despite price gains – GFMS

Gold supply from mines rose to about 2 652 t in 2010, a “significant” increase of 2,7% year-on-year, and a new all-time high, metals consultancy GFMS said on Thursday. The increase represents the second year of production gains (output rose...