Category Archives: Platinum

Platinum, palladium prices rise

Published on February 14, 2013 by Andrew Lair

Prices for platinum and palladium rose this week due to supply concerns. The price of both metals has been rising for most of the year. On Wednesday, palladium for March delivery rose 65 cents to $772.05 per ounce. April platinum … Read More »

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Polymetal acquires platinum operation

Published on December 19, 2012 by Fred Dukes

Leading Russian gold and silver producer Polymetal International announced this week that it has agreed to purchase the Sverlobor platinum exploration and mining project from Ubergot Investments for $10 million. Per the December 18 purchase agreement, Polymetal will buy a … Read More »

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Russia’s 12BF Global Ventures invests in asteroid mining

Published on August 17, 2012 by Andrew Lair

The Russian-linked company 12BF Global Ventures has put money into U.S.-based Planetary Resources, which is looking to mine asteroids for gold and platinum. Ilya Golubovich, a managing partner of the venture fund, and Michael Murray, a consultant for Planetary Resources, … Read More »

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Norilsk Nickel fights back against Russian Platinum, Igor Sechin

Published on July 13, 2012 by Andrew Lair

Norilsk Nickel has expressed displeasure with Alexander Popov, the new head of the Federal Agency for Susoil Use – Rosnedra, after it ordered that Norilsk Nickel would not be allowed to extend its mining rights in the Norilsk-1 area. Norilsk-1 … Read More »

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Platinum demand predicted to significantly outstrip supply

Published on June 27, 2012 by Benjamin Close

CPM Group, a commodities market research company, announced on Tuesday that it is forecasting platinum to substantially outstrip supply in 2012. The company made the forecast in its CPM Group Platinum Group Metals Yearbook 2012. CPM also predicted a deficit … Read More »

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Eurasia Mining announces 2011 results

Published on May 29, 2012 by Fred Dukes

Eurasia Mining released its 2011 results on Monday, announcing that the company’s West Kytlim platinum mining operation is now beginning to bear fruit. “This time last year we reported to you on steady progress in advancing our West Kytlim project, … Read More »

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Lonmin platinum profits drop

Published on May 17, 2012 by Benjamin Close

Due to rising production costs and weak demand, platinum producer Lonmin announced that its first-half pre-tax profits have dropped by 89 percent, from $159 million in the first half of last year to $18 million in the first half of … Read More »

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