Posts Tagged ‘pgm’

Stillwater Mining, the only platinum and palladium producer in the U.S., announced on Monday that it will acquire Peregrine Metals for US$487.1 million. Peregrine Metals is a publicly-traded exploration and development company with gold and copper projects in Argentina and Peru. The company is listed on the Toronto Stock Exchange. Full story

JOHANNESBURG (miningweekly.com) JSE-listed Eqstra Holdings, which owns mining contractor MCC Holdings, said on Monday that operations have resumed at Platmin’s Pilanesberg platinum group-metals mine in South Africa, following illegal industrial action Full story

The world's top platinum producer said Monday that higher prices and sales of the metal were expected to boost headline earnings per share for the six months to June Anglo Platinum, the world's top producer of the precious metal, said on Monday that Full story

Dilip Kumar Jha | 2011-07-03 00:10:00 Gold is likely to remain subdued this week on profit booking by global investors. Lack of safe haven buying support may continue, pulling the yellow metal further down and giving an opportunity to new investors to Full story

Police have arrested two men in connection with a theft of platinum worth over NT$44 million from a high-tech company in Hsinchu County, officials said yesterday. Police also managed to recover 18 kilograms of platinum from the suspects during the arrests in Taoyuan Full story

For the first time in Japan, a leading recycling firm announced a project to recover precious metals like gold, silver and copper from electronic devices. Nippon Magnetic Dressing Co it will extract rare and precious metals from cellphones, home appliances, cars and medical equipment for sale to metal smelters, reports asahi.com Image from Wikipedia Full story

JOHANNESBURG (miningweekly.com) Low-cost platinum-group metal (PGM) producer Sylvania Platinum, which remained on target to achieve 40 000 oz of PGM by the end of June, would increase its production to 60 000 oz in 2012, the ASX- and Aim-listed miner Full story

Franco Nevada reported an adjusted net income of US$21.4 million or 18-cents per share for the first quarter, a 157% increase over the adjusted net income of US$8.3 million or 7-cents per share for the first-quarter 2010. Net income for the first quarter of 2011 was $21.2 million or 18-cents per share, which included a $5.6 million gain, $6.5 million in forex losses and $1.7 ... Full story

With some of the world's top auto makers forced to stop vehicle production because of the nuclear crisis in the country, demand for the metal, used mainly in auto catalysts has fallen; platinum has recorded it biggest two day loss in four months. Full story

As the country still reels from the devastation of a massive earthquake and tsunami, we provide a brief view of where Japan fits into the world precious metals markets. Full story