A leading provider of electronic transaction processing solutions, Global Payments Inc. (NYSE: GPN), has announced its sale of money transfer business, DolEx- and Europhil-branded to an affiliate of Palladium Equity Partners, LLC. David Perez, a Managing Director of Palladium Equity Partners is quoted saying: “We look forward to working with the management team at DolEx/Europhil [...]
Natixis Commodity Markets has warned investors and miners of the fast depletion of precious metals due to the heavy production and use. The Global market analyst group thinks of the downside in Palladium use since although there was a balanced state of supply last year, 2010 has proven to be a modest deficit year for [...]
Global leader, Palladium Group together with Harvard Business Publishing, have released the Strategy Execution Champions: The Palladium Balanced Scorecard Hall of Fame Report 2010. Among the Hall of Fame winners are Bahrain Ministry of Works (Bahrain), Borusan Lojistik (Turkey), Depository Trust & Clearing Corporation (U.S.), Kiwibank (New Zealand), Megasalud (Chile), Millipore Corporation (U.S.), and Volkswagen [...]
Prices of palladium and platinum have continued to slide down in Europe which is not a good for investors. Platinum fell about 3 percent $1,492.75 an ounce against $1,526.50 in the previous week. Wolfgang Wrzesniok-Rossbach, head of sales at Heraeus is quoted saying: “As far as industry is concerned, it is a lot quieter today, [...]
Russia’s Norilsk Nickel (GMKN.MM), world’s largest palladium producer has confirmed that it will not be focusing on palladium production from 2011 to 2015. Deputy CEO Viktor Sprogis is quoted saying: “The company and other main market players conclude on the basis of indirect indicators that the state palladium stocks will not be a decisive factor [...]
Pan African, gold mining company that produces approximately 100,000 oz per year, has announced that it would increase its resource to 15.8% in its Phoenix project to 469 000 oz of 4E PGM (platinum, palladium, rhodium and gold). Pan African CEO Jan Nelson is quoted saying: “The increase in the total resources, assuming a 50% [...]
North American Palladium (NAP) is planing its scoping study for their Offset zone at its Lac des Iles (LDI) palladium mine, in northern Ontario. The said scoping study will start by Q3 of 2010. NAP CEO William Biggar is quoted saying: “And the Offset zone is the real growth driver at LDI, with the potential [...]
Pan African Mining Corp. (TSX-V: PAF) has announced that its Phoenix project has an increased resource of 15.8 percent for its palladium, platinum, rhodium and gold. CEO Jan Nelson is quoted saying: “The increase in the total resources, assuming a 50% recovery, extends the life of the Phoenix project from 13 years to approximately 16 [...]
North American Palladium (NAP), a precious-metals producer, is doing a scoping study to develop the new Offset zone at its Lac des Iles (LDI) Palladium mine in northern Ontario and expects completion by Q3 of this year. CEO William Biggar is quoted saying: “This will make NAP a very low cost producer of palladium.” Click [...]
Palladium Group, Inc. has inducted five new performance leaders into the Hall of Fame. Among the lauded groups are Abu Dhabi Government, AKSA Acrylic Chemical Inc., Barcelona City Council, Folkhälsan, and TNT Express Services UK and Ireland. Palladium Group is quoted saying: “The award recipients were honored for their breakthrough business results during today’s Hall [...]
Thursday, May 27, 2010