Articles Tagged "mining"

Palladium Precious Metal 2010 Downfall – Natixis Analysis

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 [...]

Pan African Increases Phoenix Resources to 15.8%

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% [...]

Pan African Increases 15.8% Resource at Phoenix

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 [...]

Noront Will Be Featured in BNN’s CEO Clips

Noront Resources Ltd. (“Noront”) (TSX VENTURE: NOT),  has announced focused on its significant and multiple, high-grade nickel-copper-platinum-palladium, chromite, gold and vanadium, has announced that it will be a part of the CEO clips on Business News Network (BNN) in Canada. BNN will feature Noront beginning May 15, 2010. Click here to access the entire Press [...]

Palladium and Platinum Drop Worries Euro

Palladium (Pd) and platinum (Pt) continue to turn down and this worries investors as the debt problems in Greece continue to spread. It might soon reach other countries like Spain and Portugal and upend a global economic recovery. The press release is quoted as saying: “July platinum fell 70 cents to $1,665.80 an ounce after [...]

North American Palladium Raises $100 million to Dig Deeper

In order to dig deeper into Lac des Iles mine in Northwestern Ontario, North American Palladium has raised $100 million to finance the project.  In their recent press release dated April 28, the company said finance proceeds are intended for the development of the Offset Zone at the Lac des Iles palladium mine, north of [...]

Palladium touches 11-month high

Palladium prices climbed to an 11 month high of $274.50 an ounce on Tuesday, as dollar weakness and growing investor risk appetite boosted the precious metals complex.