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Is Platinum Treading The Gold Path?

Tuesday, November 3, 2009

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Barrick Gold has confirmed that it has dropped plans to develop the Sedibelo platinum project in South Africa. Not to worry. The story for the metal has only just begun.

Platinum Sales Drop, SA Miners Hurt

Friday, October 23, 2009

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Though platinum prices have near doubled to 1350/oz this week from a low of 732/oz last October, for the miners in South Africa, it is still an uphill task. The SA government's talks to takeover ownership of mines could potentially scare off investors. How will the platinum producers operate in a constrained environment?

Supply Threats to Accelerate Platinum’s recovery

Wednesday, July 29, 2009

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As platinum just start down the road to recovery, analysts are already warning that supply threats are likely to boost the metals price to new highs. Platinum prices may climb above $1,500 an ounce “in the next couple of years” as demand recovers amid supply constraints in South Africa, the world’s biggest producer, according to Banc of America Securities- Merrill Lynch.

Platinum gets mixed response as crude oil drops

Thursday, June 18, 2009

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Platinum was mixed on Thursday, July platinum rose $2.40 to $1,207.60 an ounce, while September palladium declined $3.35 to $239.70. The drop in the three month contract price was related to declining crude oil. Last week, prices of both platinum and palladium climbed to their highest levels since November 2008-

Gold Canyon Resources closes private placement

Mon, Feb 8, 2010

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Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINK SHEETS:GDCRF) reported closing of its previously announced private placement of common share units at a price per Unit of $0.21 for gross proceeds to the Company of $360,000.

future of precious metals in 2010

Fri, Feb 5, 2010

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The Financial Sense University reports on the future of precious metals in 2010:

Crowflight updates on Bucko Lake

Fri, Feb 5, 2010

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CROWFLIGHT MINERALS INC. (TSX:CML) reported today initial assay results from a program of exploration and delineation drilling completed in December 2009 at the Company's M11A North project area.

Golden Chalice update on Langmuir Project

Thu, Feb 4, 2010

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Golden Chalice Resources Inc. (TSX VENTURE:GCR) reported that it has engaged the services of SRK Consulting (Canada) Inc. to initiate a National Instrument 43-101 compliant resource audit and estimate on the Langmuir W4 Nickel deposit.

Colossus Minerals files complaint

Wed, Feb 3, 2010

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Colossus Minerals Inc. (TSX:CSI) reported that the company has filed an updated National Instrument 43-101 compliant technical report entitled "Technical Report on Recent Exploration at the Serra Pelada Gold-Platinum-Palladium Project in Pará State, Brazil for Colossus Minerals Inc." dated January 31, 2010 in respect of the Serra Pelada property.

Prize Mining & partners File of NI 43-101 Compliant

Tue, Feb 2, 2010

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Prize Mining Corp. (TSX VENTURE:PRZ) and its joint venture partner, Eagle Plains, reported the filing of an NI 43-101 compliant Technical Report on the Yellowjacket Project.

Xstrata Nickel Sudbury Operations update

Mon, Feb 1, 2010

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Xstrata Nickel reported that the Company's Sudbury Operations has reached a tentative agreement for a new Collective Agreement with the Canadian Auto Workers Sudbury Mine, Mill and Smelter Workers Union Local 598, which represents Xstrata Nickel's Sudbury production and maintenance employees.

Melkior Resources updates on Carscallen Gold property

Fri, Jan 29, 2010

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Melkior Resources Inc. (TSX VENTURE:MKR) reported that the company has resumed drilling on its 100% owned Carscallen Gold property in West Timmins on January 18th, 2010.

Colossus Minerals Announces Results of AGM

Thu, Jan 28, 2010

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Colossus Minerals Inc. (TSX:CSI) announced the results of the voting at the Annual General and Special Meeting of Shareholders held on January 27, 2010.

International Millennium Closes Private Placement

Wed, Jan 27, 2010

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International Millennium Mining Corp. (TSX VENTURE:IMI)(FRANKFURT:L9J) reported that the company has closed the second and final tranche of its private placement.

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