Friday
,
21 Nov 2008
New Zealand's big spender on exploration, Newmont Waihi Gold - subsidiary of American gold giant Newmont Mining Corporation - is continuing its major exploration programme in the southern sector of the North Island's Coromandel Peninsula with the immediate target of increasing its operation's known life from four years to seven.
Friday
,
21 Nov 2008
Although souring sentiment caused PGMs to fall from grace, ScotiaMocatta foresees a good long term outlook for the precious metals.
Friday
,
21 Nov 2008
A revised report by NanoMarkets forecasts a decline in the sales and applications of conductive silver inks until the global economy improves.
Friday
,
21 Nov 2008
Showing that banks are still prepared to lend to the right customer, AngloGold Ashanti has agreed a $1 billion loan facility with Standard Chartered bank for one year with an option to extend for a further year.
Thursday
,
20 Nov 2008
Impala Platinum is reviewing all projects and specifically Leeuwkop and Marula Merensky that would add about 260 000 platinum ounces to its long-term production.
Thursday
,
20 Nov 2008
Three new items of safety equipment for underground miners should help make work in the demanding environment less dangerous to personnel.
Thursday
,
20 Nov 2008
Even the previously high flying potash sector is suffering as Russia’s Uralkali cuts output which will cost it $650 million in lost revenues, while outlook for 2009 production is unclear.
Thursday
,
20 Nov 2008
Aflease Gold merges with Australian BMA Gold to raise capital for the Modder East project that will make or break the company. However, it still has a damaged reputation to deal with.
Thursday
,
20 Nov 2008
Zimbabwe’s financial crisis deepens as gold production, an important export earner, declines to a trickle with gold miners owed big sums by Central Bank.
Thursday
,
20 Nov 2008
With Chinese consumers seemingly gloomy on 2009 domestic demand, the world's largest copper miner has cut its term premiums to the Chinese market to $75 a tonne.
Thursday
,
20 Nov 2008
Impala Platinum’s offer to takeover Northam Platinum and Mvelaphanda Resources has stalled over the details, but talks are continuing.
Thursday
,
20 Nov 2008
Wesizwe, which is developing a new platinum mine on South Africa’s Bushveld western limb, is taking a modular approach to construction and seeking finance from areas like the Middle East and China.
Thursday
,
20 Nov 2008
Stillwater Mining CEO Frank McAllister believes that long-term demand for PGMs should be robust, as the current low metals prices cause production to dwindle.
Thursday
,
20 Nov 2008
“Increased risk associated with a project in an already risky situation” has prompted Haywood Securities to cut its target for Crystallex shares by 46%.
Thursday
,
20 Nov 2008
Platinum rose 3 percent before trimming gains while the gold price was steady, watching currency markets as dollar rose marginally and oil fell again to 22-month low.
Thursday
,
20 Nov 2008
Australian reports suggest BHP Billiton could face at least a further 3-week delay in receiving the EU’s competition commission’s ruling on its bid for Rio Tinto.
Thursday
,
20 Nov 2008
Agnico-Eagle impresses with its new Kittila mine in Finland, reinforcing the status of Tier II gold miners as one of the “best performing” within the bombed out global resources arena. Tables included.
Wednesday
,
19 Nov 2008
Johnson Matthey says investors in platinum and palladium exchange traded funds are fundamentally different people who treat their investments differently. Palladium ETFs are now a significant demand sector of the metal.
