Posts Tagged ‘platinum’

Eastern Platinum Limited (the “Company” or “Eastplats”) is pleased to report that further to its press release of February 1, 2011 announcing the receipt of letters of commitment for a debt facility, it has now signed a definitive agreement with UniCredit Bank AG, London Branch and Standard Finance (Isle of Man) Limited (a subsidiary of The Standard Bank of South Africa Limited) for a ... Full story

Most commodities, except for the heavyweights gold and oil, are poised for a down year in 2011, the first fall for this sector since the financial crisis hit in 2008. Full story

%content%Read more here:Zimbabwe considering a ban on raw platinum exports Full story

Palladium, used mostly in catalytic converters for vehicles, beat most other commodities this week after US car sales expanded at the fastest pace in more than two years. Full story

IB Times reports South Africa’s biggest mine union said on Friday it had sealed a 2-year wage deal with Lonmin, averting a possible strike against the world’s third largest platinum producer. World number one and two Anglo American Platinum and Impala Platinum clinched similar deals earlier this year, significantly removing threats of labour unrest to 75% of the global production. The price of platinum ... Full story

Implats reported Friday that a search mission was underway at its Rustenburg operation in search of two trapped workers and had stopped work at the affected shaft. Impala Platinum, the world's second-largest producer of the precious metal, said on Friday Full story

Platinum Guild International USA (PGI-USA) yesterday (Wednesday) announced the launch of a dedicated press website, www.pgi-press.com The association is calling on jewelry designers to submit their platinum product photos and press materials for consideration on the site. Full story

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Nov. 14, 2011) -  Eastern Platinum Limited (“Eastplats”) (TSX:ELR)(AIM:ELR)(JSE:EPS) reports financial results for the three months ended September 30, 2011. Summary of results for the three months ended September 30, 2011 (“Q3 2011″): Eastplats recorded earnings attributable to equity shareholders of the Company of $1,364,000 ($0.00 per share) in the quarter ended September 30, 2011 (“Q3 2011″) compared to earnings ... Full story

You're probably aware that gold demand is mostly for jewelry -- in fact, over three-fourths of it is. But unknown to many people, notes Dillon Gage Metals, is that gold, silver and platinum are also employed in aeronautics and space travel. Full story

Caledonia Mining (TSE:CAL), an African-focused mining and exploration company with a mine in Zimbabwe, shot up 20% to 11 cents a share in morning trading after announcing a six-fold increase in profits in Q3. The company said that gross profit was $9.36 million compared to $1.607 million in the comparative quarter. Full story