Posts Tagged ‘platinum’

VANCOUVER, BRITISH COLUMBIA and JOHANNESBURG, SOUTH AFRICA–(Marketwire – Nov. 9, 2011) -   Platinum Group Metals Ltd. Full story

In a swing from the $26 million loss reported in the September quarter last year, platinum group metal miner Platmin achieved a $7.5 million profit for the three months to end September 2011 on the back of first platinum sales. Johannesburg (I-Net Full story

Dale Alan Madson, 42, a Leadman Operator at Stillwater Mining (NYSE:SWC) died in a mining accident on Monday at the company's Stillwater Mine. Madson was working on the 3800 level of the mine The accident is being investigated by the Federal Mine Safety and Health Administration. No other details about the accident were released. Full story

Platinum undervalued, but could reach $2000 by end 2012 Read more : automobiles,autocatalyst demand,gold,platinum,industry,platinum jewellery After the sell-off in Gold and Platinum in 2008, both precious metals rebounded strongly from the October 2008... Full story

The week was a wild one with lots of choppy action in the indices as was to be expected as bases build here nicely. We had options expiration this past Friday as well so that usually tends to throw a wrench into things. Full story

WINNIPEG, MANITOBA--(Marketwire - Oct. 24, 2011) - Gossan Resources Limited (TSX VENTURE:GSS)(FRANKFURT/FREIVERKEHR & XETRA:WKN 904435) has signed a Letter of Intent (LOI) with East Mining Company SA ("EMC") of Athens, Greece, to investigate and examine the possibilities of acquiring mineral projects within Europe, on a non-exclusive basis, and initially to assess three potential projects in Greece. Additional projects may be pursued. Full story

It is vital for the South African government to step up and take a bigger stake in the mining industry, a top economic advisor told those attending a Mining for Change conference in Johannesburg on Friday. The comments come one week ahead of so-called Economic Freedom Youth Mass Action marches on the Chamber of Mines and stock exchange organized by Julius Malema (pictured), populist leader ... Full story

Gold for December delivery had shed $40 or more than 2% by lunchtime coming close to breaching the $1,600/oz level in New York before before regaining some ground to trade at $1,618 an ounce by early afternoon. Traders said the metal is likely to remain a “dead trade” until it can resume its role as a fear barometer and is able to rally in face ... Full story

HAMILTON, Bermuda, Oct. 18, 2011 /PRNewswire via COMTEX/ -- Platinum Underwriters Holdings, Ltd.  PTP +2.18%  today reported a net loss of $53.5 million and a loss per common share of $1.43 for the quarter ended September 30, 2011. Full story

Commodity Online reports platinum group metals miners may be hit by the rapid growth in the number of electric cars on the road that do not need catalytic converters. In addition, manufacturers like Nissan have slashed the use of platinum in gasoline-powered vehicles in efforts to keep costs down. The drop in industrial demand has not nearly been offset by the surge in jewellery sales ... Full story