July 7, 2011

GoldMoney offers Australian, New Zealand and Hong Kong Dollar to purchase precious metals

LONDON - Thursday, July 7th 2011 [ME NewsWire] (BUSINESS WIRE)– GoldMoney, one of the world’s largest providers of physical bullion for retail investors, is now offering its customers three new…

July 6, 2011

Lonmin considers building third furnace in effort to boost platinum target

Lonmin Plc (LMI), the third-largest platinum producer, started a prefeasibility study on a third furnace as part of preparations for possible expansion beyond its current 2015 production target.

July 6, 2011

Zimbabwe could seize mines over local ownership

Reuters reports Zimbabwe could take over mines that fall short of laws requiring them to sell majority stakes to locals by September, a government minister said on Wednesday. Mineral-rich Zimbabwe…

July 4, 2011

Platmin mining operations still shut after labour disruptions, several arrests made

South Africa's Pilanesberg Platinum mining operations remain halted more than a week after employees of a contractor disrupted operations through intimidation of supervisors, industrial action and damage to property and…

July 3, 2011

Platinum, Palladium ETFs Down on Growth Concerns

Exchange traded funds that invest in platinum and palladium were lower in the first half of 2011 on concerns about the global economy, the Japan earthquake and the European debt…

July 2, 2011

Precious metals to remain subdued on profit booking

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…

July 2, 2011

Police arrest 2 suspects in high-tech platinum theft

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…

June 30, 2011

BIV: Law firm launches class action suit against Eastern Platinum

BIV reports that Eastern Platinum, a Vancouver-based precious metals producer (TSX:ELR), will fight a class action lawsuit filed against it earlier this week: On Tuesday, Siskinds LLP, a London, Ontario-based…

June 30, 2011

Total refined platinum supply will hit 7.4m ounces in 2011-CPM Group

Precious metals consultants CPM said total global platinum supply rose during 2010, as platinum mine supply increased for the first time in three years.

June 29, 2011

South Africa’s platinum producers fail to capitalize on boom times

Miningmx reports on the fortunes of the South African platinum sector, the dominant global supplier where production peaked at about 5.3 million ounces in 2006, up from just over 4…