Posts Tagged ‘platinum’

TORONTO, Oct. 18, 2011 /CNW/ - Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) ("Wallbridge" or the "Company") is pleased to announce that it has retained the services of Wardrop, A Tetra Tech Company ("Tetra Tech") and AMEC, two large multi-disciplinary engineering companies to complete the required studies for the development of its Broken Hammer deposit in Sudbury, Ontario Full story

Canadian-based exploration and development company Colossus Minerals was trading lower in a lacklustre Toronto market on Friday after announcing it had raised $75 million in a bought deal. Colossus is active the mineral-rich Carajas region of Para State, Brazil where it is advancing the Serra Pelada project into production. Billed as one of the highest grade gold and platinum group metals deposits in the world, ... Full story

FT reports in 2010 the market loved palladium. It was the best-performing precious metal Full story

Platinum Underwriters (NYSE:PTP) closed Monday's dramatic trading session at $31.95. In the past year, the stock has hit a 52-week low of $28.05 and 52-week high of $46.42. Platinum Underwriters (PTP) stock has been showing support around $31.27 and... Full story

A mining contractor at Aquarius Platinum's Everest Mine is on strike. The strike has been called by the Association of Mining and Construction Unions, which is demanding full organizational rights under the South African Labour Relations Act. The contractors on strike are employees of Murray & Roberts Cementation Full story

Over the last few years we have seen some amazing developments occur in the global financial sector none of which are good or encouraging. The sovereign debt debacle in the Eurozone threatens the very existence of the euro as well as many banks Full story

Gold, silver, platinum and palladium, as well as other commodities, generally stand a better chance of handling a global economic downturn than other types of investments, Barclays Capital said Monday. While the investment house does not expect a repeat of 2008, it says commodities "are on a very different footing" from two years ago primarily because commodities prices are falling this year from a much ... Full story

News reports on Saturday say Rio Tinto's Zimbabwe subsidiary Murowa Diamonds has ceded 51% of its equity to comply with a new law that requires Zimbabweans to own the majority of foreign companies. Rio Tinto says on its website it has completed a feasibility study and received environmental go-ahead to expand Murowa production 8-fold at a cost of $200 million. Full story

Canada's North American Palladium said it plans to expand its flagship mine in Northern Ontario at a cost of around $75 million for the first phase of the project. Full story

The Zimbabwe Guardian reports that at least 137 mining companies are risking losing their mining licences for refusing  to comply with the country's new indigenization regulations. Affected companies include Anglo-American, Murowa Diamonds and Metallon Gold, according to the newspaper, which notes that 38 companies have complied Full story