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PLATINUM GROUP METALS

SCOTIAMOCATTA 2009 PGM FORECAST

Despite spectacular fall, platinum has good long term outlook

Friday , 21 Nov 2008
Although souring sentiment caused PGMs to fall from grace, ScotiaMocatta foresees a good long term outlook for the precious metals.

CONSERVING CASH

Impala reviewing 260 000 platinum ounces expansions

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.

TALKS CONTINUE

Impala’s offer to buy Mvela and Northam stalls

Thursday , 20 Nov 2008
Impala Platinum’s offer to takeover Northam Platinum and Mvelaphanda Resources has stalled over the details, but talks are continuing.

WORLD PLATINUM CONGRESS

SA platinum miner seeks finance from non-traditional areas

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.

370 WILL LOSE JOBS

In spite of Stillwater cutbacks, McAllister says PGMs have a healthy future

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.

GM FEARS COULD STILL BITE

Gold price steady while platinum gains on mine closures and J-M analysis

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.

PLATINUM ETF OUTLOOK

Platinum, Palladium ETF investors’ different behaviours

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.

PGM, DIAMOND PRODUCTION IMPACTED

Stillwater platinum and Snap Lake diamond mines announce layoffs

Wednesday , 19 Nov 2008
North America’s economic crisis continues to take its toll as Stillwater Mining and the Snap Lake diamond mine will undergo job cuts, following on from yesterday’s news that Freeport-McMoRan has already eliminated 600 U.S. mining jobs.

REBUILDING CREDIBILITY

Quick wins in Lonmin's platinum turn-around plans

Tuesday , 18 Nov 2008
Chief executive Ian Farmer says the company’s restructuring is not defensive action against a bid, but a strategy to repair its health.

MODEST INCREASE IN SA PRODUCTION

Johnson Matthey forecasts 240,000 ounce platinum supply deficit this year

Tuesday , 18 Nov 2008
Johnson Matthey says there are a number of positives for next year’s platinum production from South Africa, but warns against too high expectations for price increases.

NO COMMENT RE: NORILSK POSSIBLE SHARE SALE

Stillwater Mining warns it will not break even on PGM mining without operational changes

Tuesday , 11 Nov 2008
Montana-based Stillwater Mining has ordered company-wide review of operations in response to critical economic conditions.

POLOKWANE SMELTER

Platinum smelter shutdown will take up to 200,000 ounces off market

Wednesday , 05 Nov 2008
An incident at Angloplats’ big Polokwane smelter will mean it will be shut down while repairs are implemented and will cut Angloplats output by up to 200,000 ounces in the current financial year (to end-June 2009).

COMPLEMENTS CASH RESERVES

Jubilee’s Tjate platinum project on track after Benhaus deal

Tuesday , 04 Nov 2008
The deal announced between Jubilee Platinum and Benhaus will contribute importantly to the eventual development of the former’s Tjate platinum project on South Africa’s Bushveld Complex eastern limb.

DROP IN PLATINUM DEMAND

Lonmin first platinum major to announce possible worker layoffs

Monday , 03 Nov 2008
With the platinum prce less than half peak levels and demand seemingly dropping from the auto industry, Lonmin has warned its unions that worker layoffs are probable as it seeks to reduce costs and cash burn.

COST CURVE POSITION

Falling costs are dark clouds' platinum lining - Aquarius

Tuesday , 28 Oct 2008
Aquarius Platinum says while costs are key in the current environment, the company stands to benefit from lower costs in the current, second quarter.

PLATINUM ON EDGE

What's junior platinum developer Wesizwe up to?

Tuesday , 28 Oct 2008
Wesizwe's intriguing suggestion is that its ZAR 5.6bn (USD 530m) platinum mine proposal may be taken out of the freezer box. How it proposes to do this should be forthcoming in about a week's time.

STAKE VALUE DECLINES TO $230M

Norilsk interested in selling 55.4% Stillwater Mining stake

Monday , 27 Oct 2008
The CFO of Russia's Norilsk Nickel said the company is open to receive offers for its majority stake in Stillwater Mining.

OIL FALLS AGAIN TOO

Gold below $700, silver less than $9.00, platinum under $800 as dollar strength continues

Friday , 24 Oct 2008
Precious metals prices continued to plunge on the markets today before staging a slight, but perhaps temporary, recovery as the dollar remained strong and oil fell further to around $64 a barrel

NEWCO PLATINUM LISTING

Royal Bafokeng to gain control of Angloplats platinum mining project

Thursday , 23 Oct 2008
As the Royal Bafokeng Nation and Angloplats announce the restructuring of the Bafokeng Rasimone Platinum Mine Joint Venture, Royal Bafokeng Holdings says they will go ahead with the Styldrift platinum expansion project.

ASIAN MARKETS

Gold price plunges to 13-month low as dollar surges

Thursday , 23 Oct 2008
Platinum also slipped almost 6 percent to hit its lowest in more than four years.

OIL BELOW $70

Gold and platinum caught in commodities sell-off as dollar continues rise

Wednesday , 22 Oct 2008
Platinum and gold prices fell again Wednesday, brought down by the continuing strength in the U.S dollar and a fall in the oil price below $70 a barrel.

NOT JUST WISHFUL THINKING

Not a good week for gold, silver and platinum group metals

Saturday , 18 Oct 2008
A look at the precious metals sector and why gold and platinum group metals should be viewed differently with silver falling somewhere between the tw

GLOBAL SLOWDOWN

Platinum group metal price forecasts slashed by Investec

Thursday , 16 Oct 2008
A slowdown in global activity and anticipated drop in auto demand has led investment bank Investec to cut its platinum group metals forecasts for 2008 and 2009

ROT SETS IN

“A complete collapse in platinum sector profitability”

Thursday , 16 Oct 2008
Analysts at RBCCM slash front end platinum group metal forecasts, but maintain long term numbers.

ONGOING ASSET REVALUATION

Platinum majors seen as overpriced

Wednesday , 15 Oct 2008
Analysts at RBCCM slash stock price target for Impala Platinum, on revised-down metal price forecasts.

$1600 PRICE MEDIUM TERM

Platinum may still be in deficit despite car sales drop

Monday , 13 Oct 2008
Edison Investment Research says ahead of the Platinum Congress in London that it expects the platinum market to still have a deficit of 1m ounces from 2009-2014.

ANALYSIS

Lonmin needs to up platinum mining performance as Xstrata waits in wings

Monday , 13 Oct 2008
Major platinum miner faces a big struggle to turn itself around in the 12 months before predator Xstrata can make another, probably much lower, bid for the company after withdrawing its £33 a share offer.