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mining

South Africa: Amplats' plans lift platinum price

Platinum has been outperforming gold recently. Aside from talk about trillion-dollar platinum coins this is because of the situation in South Africa, the world's largest platinum producing country. The world's largest platinum producer Anglo American Platinum (Amplats) has announced the closure of two of its mines and the sale of a third. ...

2013-JAN-22 · Roman Baudzus

mining, platinum price, South Africa

South African government lowers export quota for platinum producers

South African platinum producers are already enduring significant production drops caused by the massive strike activities among mining workers. Now that the situation is somewhat back to normal, the government led by the African National Congress (ANC) is upsetting companies and markets with its plans to introduce legal changes.As if the ...

2012-DEC-21 · Roman Baudzus

mining, platinum price, South Africa

Gold or mining shares?

There are many reasons to own physical gold. They arise from the financial and monetary uncertainty impacting investors around the globe. Some of the more obvious reasons are: Weakening economic activity and rising inflationary pressures bring back unpleasant memories of the stagflation experienced in the 1970s Geopolitical tensions ...

2012-DEC-15 · James Turk

debt crisis, gold price, mining

Gold miners facing tough challenges

A new report from the world's largest gold producer Barrick Gold provides yet another illustration of the problems facing gold mining companies. In South Africa, extraction of gold from depths of more than 6,000 metres has almost become the rule rather than the exception. Mining costs are being pushed up by the logistical challenges of ...

2012-NOV-19 · Roman Baudzus

gold price, mining, South Africa

Zimbabwe's gold production a shadow of its former self

Despite its natural endowment of resources such as gold, platinum, palladium and many other precious, rare metals, the Southern African state of Zimbabwe has not been able to profit from the decade-long boom in the metals markets. Though new data show that during the first nine months of this year, gold production increased by 22% (an ...

2012-OCT-29 · Roman Baudzus

Africa, mining, Zimbabwe

South Africa: mine strikes escalate

Strikes at South African mines have coincided with the sudden resignation of Aquarius Platinum's CEO. Stuart Murray has not offered any comments on his motives. But it seems clear that the situation in the country's mining sector is escalating, with production at Anglo American Platinum suspended last Friday, and the company firing 12,000 ...

2012-OCT-10 · Roman Baudzus

mining, platinum price, South Africa

South African mines hit by new strikes

The dramatic rises in gold and silver prices that followed the Federal Reserve’s “QE3” announcement earlier this month has stalled over the last few days. Gold is encountering selling pressure on trips above the $1,770/oz mark, while silver was hit hard yesterday afternoon along with stocks and commodities, as European ...

2012-SEP-26 · The GoldMoney News Desk

mining, South Africa, Spain

Further decline in Australian gold production during Q1

According to a report published by the consulting firm Surbiton Associates, Australian gold production continued to drop in Q1 – for the third quarter in a row. During Q1 Australian gold producers extracted a total of 62 tonnes of the yellow metal. This is 5% less than the previous quarter and 4% less than the same period last year. ...

2012-JUN-26 · Roman Baudzus

Australia, gold price, mining

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CURRENT PRECIOUS METAL PRICES

	Gold: Gold Buy Rates	$43.7609/gg $1,361.10/oz
	Silver: Silver Buy Rates	$0.7089/gg $22.05/oz
	Platinum: Platinum Buy Rates	$46.8437/pg $1,457.00/oz
	Palladium: Palladium Buy Rates	$23.7594/pd $739.00/oz