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Palladium Mining

African Thunder restarts Smokey Hills

The troubled Smokey Hills mine once owned by Platinum Australia has been restarted by African Thunder Platinum, which is owned by Canada’s Aberdeen International and Pala Investments. Macquarie Bank will soon become a shareholder in African Thunder, which will own 69.75% of the Smokey Hills mine and concentrator nestled in

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Pontiac mine site deemed worth a second look, this time for palladium

Miners gave up on a site in the Pontiac back in 1951, convinced there was nothing worth taking. But that was before the price of palladium hit $800 an ounce. And rising. Now a Montreal company called Sphinx Resources is back, investing more than $1.3 million for the right to look for palladium on Grand Calumet

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Russian Palladium Exports could be in Jeopardy

Russia is the world’s largest producer of palladium, a key component of exhaust filters that keep our cars running cleanly. Some investors are betting that fears about the potential interruption of Russian palladium shipments will keep prices high in the $3.2 billion futures market if the dispute over Ukraine drags on.

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Amplats union delays vote on strike over-pay to next year

The dominant union at Anglo American Platinum Ltd. (AMS)’s South African mines postponed to next year a decision on a possible strike over pay at the world’s biggest producer of the metal. The Association of Mineworkers and Construction Union will ask members to decide on a possible strike once they return

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Impala, Amplats Study $3 Billion Zimbabwe Platinum Plant

Impala Platinum Holdings Ltd. (IMP), Anglo American Platinum Ltd. (AMS) and Aquarius Platinum Ltd. (AQP) are studying building a $3 billion platinum and base metal refining complex in Zimbabwe, an industry group said. Together the companies are considering jointly building a smelter, a base metals refinery and a precious metals

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Ghanaian Government Causing Headache for Mining Companies

Ghana is one of the most resource-rich countries in West Africa, and is especially well-endowed as far as gold is concerned. After the abolition of apartheid, South African mining companies in particular started expanding all over the continent. In the last decade exploration companies and gold producers as well as

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Palladium Shortage to be 714,000 ounces in 2012, UBS

The Palladium market is expected to be in a 714,000 ounce deficit in 2012 as demand for the commodity continues to exceed supply, UBS stated in a report. In view of the same, the bank has raised its palladium price forecast for 2012 to $760/oz from the previous $725/oz. This

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Zimbabwe Mining Revenues up 10% to $458 million

Zimbabwe’s mine output increased in the first quarter, leading to surging revenues for government coffers, according to NewsDay. The website reports revenues in the first quarter rose 10.4% to $454 million on the back of higher production numbers. The gold sector was the star performer, contributing $187.9 million, followed by platinum

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Stillwater reports 1Q PGM production declines

Stillwater Mining, the sole U.S. PGM miner, said it had produced 120,800 ounces of palladium and platinum combined during the first quarter of this year, down from 131,200 ounces mined during the first quarter of 2011. Nevertheless, the Billings, Montana-based company reiterated its full year 2012 production guidance of 500,000

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South Africa’s Gold and Platinum Output Hit Hard

South Africa’s mining output fell sharply in volume terms in February, highlighting the impact of a government safety drive that has slowed production and a crippling strike at the world’s biggest platinum mine. Production of platinum group metals (PGMs) fell 47.6 percent while gold output fell by 11.5 percent in

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4 Ways to Evaluate Precious Metals Mines

Investing in precious metals mining firms requires a good understanding of the mining process as well as mining operations. A mining company can be looked at various ways depending on the evaluation perspective, whether it is for a buy-out or it is for a short-term investment. Here we have a

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Palladium Mining, North American Palladium LDI Mine Updates

North American Palladium Ltd. (“NAP” or the “Company”) (TSX:PDL)(NYSE Amex:PAL) today provided a technical update on its mine expansion plan for the Company’s flagship Lac des Iles (“LDI”) palladium mine in Northern Ontario. “I am very pleased with the significant progress made to date on the expansion of LDI, and

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Palladium Mining: A Primer

Although it does not get the headlines like gold does, palladium is still one of the world’s most expensive and sought after precious metals and is often grouped with the equally rare and even more expensive platinum. There are a host of different methods of mining palladium around the world.

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Rainy River Reports Platinum and Palladium at Pinewood South

Rainy River Resources Ltd. (TSX:RR) (the “Company” or “Rainy River”) is pleased to announce the platinum and palladium assay results from the new nickel discovery at the Rainy River Gold Project (“RRGP”) in northwest Ontario, where the Company is completing 170,000 metres of diamond drilling in 2011. Flash Player 9 or

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Wallbridge Advances Pipeline: Copper, Nickel, Platinum and Palladium

Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) (“Wallbridge”) today provided an overview of progress on its pipeline of copper, nickel, platinum and palladium exploration and development interests in Sudbury and announced that over 6,600 metres of drilling is budgeted and in progress on its Sudbury area projects. “We are excited by

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