October 11, 2011

Potential Platinum Underwriters (PTP) Trade Has $29.20 Breakeven

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…

October 11, 2011

Contractors strike at Aquarius Platinum’s Everest Mine

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…

October 10, 2011

Barclays analysis says precious metals may handle downturn best

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.

October 10, 2011

Physical buying from China drives gold rally, safe haven demand absent

Gold for December delivery traded up $37.30, or 2.3%, at $1,673.10 an ounce on the New York Mercantile Exchange in early afternoon trade Monday, after climbing more than $40 earlier…

October 5, 2011

North American Palladium to expand flagship Ontario mine

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. Phase…

September 29, 2011

Rusal completes $9.33 billion debt refinancing

As expected the proposal by Norilsk Nickel management to buy back some of the stake in it controlled by Oleg Deripaska’s RusAl has been rebuffed. 29.08, 12:39 The world’s largest…

September 28, 2011

Norilsk: May Sell Some Of Its Shares, Says Rusal May Dispute Buyback

MOSCOW -(Dow Jones)- Russian Polar miner OAO Norilsk Nickel (GMKN.RS) Wednesday said it may sell all or part of its treasury shares, representing in total a 9.23% stake in the…

September 27, 2011

Stillwater withdraws offer after ‘dramatic deterioration’ on capital markets

Stillwater Mining Company on Monday became one of the first miners to find funding drying up following the punishment meted out to precious metals recently, when it announced after market…

September 26, 2011

Prophecy Platinum up 5.69% after announcing Wellgreen results

Prophecy Platinum (CVE:NKL) was up 5.69% on Monday trading after announcing drill results at its Wellgreen project, located in Yukon. Prophecy stated […]

September 26, 2011

Street sweepings in London to be processed for platinum

India Express said that Veolia Environment plans to process street sweepings in London to extract platinum group metals. Image from Ponchitos