Platinum Sector In Trouble In Zimbabwe Precious Metals News

All Is Not Well in the Paper Gold Markets Money Metals Exchange

That is tough luck for them and great news for bullion bankers on the verge of default Perhaps the joint statement issued by LBMA and COMEX officials on April 1st was an April Fool s joke They claimed a near record 8 326 tonnes of gold are stockpiled in LBMA vaults the equivalent of 666 045 400 ounce bars

Get Price
Government Directory of Zimbabwe

Great Central Source Of Information On Qualified Suppliers For Zimbabwe Government Documents chromite tantalite semi precious stones dimension stones limestone and marble that are currently being mined There is also a poorly explored potential for other important minerals such as platinum group metals uranium vanadium iron ore

Get Price
Platinum Minerals Council South Africa

This was followed in the 1960s by growing demand for platinum jewellery given its purity colour prestige and value In the latter half of the 20 th century the platinum sector in South Africa was dominated by Gencor JCI and Lonrho Corporate actions eventually saw the mines in these groups housed under Implats Amplats and Lonmin

Get Price
How Did Zimbabwe End its Hyperinflation The Same as Japan

The Zimbabwean dollar Z$ was the official currency of Zimbabwe from 1980 to April 12 2024 with three periods of inflation It began as the highest valued currency units in the region when it was introduced in 1980 replacing the Rhodesian dollar at par However soon political turmoil unfolded and the CONFIDENCE in the government collapsed

Get Price
Dances With Bears RUSSIAN PLATINUM IS MORE PRECIOUS THAN THE MARKET

The Russian Platinum company website explains almost nothing except for identifying where its platinum assets are located on the map In 2024 the Kondyor mine reported production of 41 000 ozs of platinum and there has been no news since then Industry sources believe the mine is closing down The company doesn t respond to questions

Get Price
OVERVIEW OF PGM PROCESSING Anglo American Platinum

Platinum or industry results to be materially different from any future results performance or achievements expressed or implied by such forward looking statements Russia 8% North America 2% Zimbabwe 1% and Rest of World 1% South Africa SA is the source of over 60% of newly mined PGMs and over 80% of Platinum PGM mining in

Get Price
SA miners see wriggle room after Zimbabwe regime change

MARK Cutifani CEO of Anglo American described Chris Griffith his counterpart at the 80% owned listed subsidiary Anglo American Platinum as keen as mustard to explore fresh prospects in Zimbabwe which has recently thrown its doors open to Well kind of … Cutifani as with Impala Platinum Implats CEO Nico Muller is cautious about how a change in president in

Get Price
Sibanye Stillwater Ltd SBSW Stock Price Quote News Stock Analysis

Sibanye Stillwater sees lower gold and platinum group metals production in Q1 posts adjusted EBITDA of $898M Kitco News Sibanye Stillwater NYSE SBSW announced today that its gold production in Q1 2024 was 137 091 ounces down 45% than a year before Q1 2024 249 392 ounces 3 months ago Kitco

Get Price
Money Metals Weekly Market Wrap Podcast Google Podcasts

As the Federal Reserve ramps up its rhetoric on rate hikes precious metals markets continue to consolidate Gold and silver showed some signs of basing out and readying to moving higher with a rally on Thursday As of this Friday recording gold prices come in at $1 951 an ounce up % for the week

Get Price
Palladium Prices Could Skyrocket Come 2024 MetalMiner

Palladium and platinum interesting to us almost solely because of their industrial uses in auto catalytic converters may see a change in their supply Skip to content Phone 773 525 9750

Get Price
Botswana Begins Exploration of Cameroon Diamond Field

Botswana Diamonds has started a 60 to 90 day exploration work programme on its diamond reconnaissance licence located to the south of the Mobilong diamond field in Cameroon to identify the presence and extent of diamond bearing host The work will include detailed geological mapping with the help of traverses and cut lines on a regular grid followed by excavation of observation pits

Get Price
SBSW Stock Price Sibanye Stillwater Ltd ADR Stock MarketWatch

Its portfolio includes the platinum group metal PGM operations in the United States South Africa and Zimbabwe gold operations and projects in South Africa and copper gold and PGM

Get Price
About Platinum

Platinum is a chemical element with the symbol Pt and atomic number 78 It is a dense malleable ductile highly unreactive precious silverish white transition metal Its name originates from Spanish platina a diminutive of plata silver Pure platinum is less expensive than pure gold having been so continuously since 2024 In early 2024 the value of platinum ranged from US$1 055 per

Get Price
Anglo American Platinum Strong Markets Provide Strong SeekingAlpha

The focus of my coverage is on the precious metals/ base metals/ energy/ commodities/ and automobile my experience the SA audience is an inevitable part of the value chain on this forum

Get Price
Zimbabwe Mining and Minerals International Trade Administration

Aug 2 2022Overview Zimbabwe s mining sector is highly diversified with close to 40 different minerals The predominant minerals include platinum group metals PGM chrome gold coal and diamonds The country boasts the second largest platinum deposit and high grade chromium ores in the world with approximately billion tons of PGM and 10

Get Price
Is Zimbabwe s New Gold Coin Evidence of a Broader Global Trend

News Reporter #2 Zimbabwe s new gold coin is named after the country s world famous Victoria Falls The reserve bank is billing it as a magic bullet in the fight against the country s inflation problems The central of bank s head says the aim is to provide Zimbabweans with a safe store of value and reduce demand for dollars

Get Price
Power problems take bite out of SA precious metals production

This week Cynthia Carroll the head of Anglo American warned that platinum production for Angloplats was likely to fall by 150 000 oz this year due to power problems Lonmin also admitted this

Get Price
Zimbabwe ices 15% platinum levy Miningmx

A government directive that platinum miners build beneficiation and refining facilities in Zimbabwe had raised alarm among executives of the platinum mining groups who said it was unviable Chidakwa said only Zimplats which is controlled by Implats had so far shown it had the capacity to refine the precious metal inside the country

Get Price
Should Platinum Be More Expensive Than Gold Sunshine Profits

The price of platinum does not have to be always higher than gold just because it has been traded with a premium in the past Platinum is a more industrial metal while gold behaves better during times of uncertainty as a safe haven Hence the low ratio between platinum and gold may simply reflect the level of low economic confidence among

Get Price
Top platinum mines keep digging even as price at decade low

Still the average so called basket price of platinum group metals mined in the country is now about $980 an ounce just $20 more than marginal production costs Julius Baer s Menke said Some

Get Price
Zimbabwe Mining Indaba opens

opened today Harare Zimbabwe — 25 September 2024 The Zimbabwe Mining and Infrastructure Indaba has opened here with the ultimate objective of further entrenching the country s position as a premier destination for foreign direct investment on the continent According to the Chamber of Mines of Zimbabwe the country s mining sector

Get Price
Electricity generation key to platinum refinery Zimbabwe Situation

billions of dollars required to set up a local platinum refinery could go to waste if government which has been pushing mines to fast track the project fails to assess the real implications of its political decision analysts have cash strapped and battling to increase revenues to fund operations appears to have thrown away …

Get Price
A new dawn for Turk mine

Industry sectors Platinum Group Metals Gold Diamonds Gemstones Coal Battery metals Base Metals Gold News Precious Metals Southern Africa Top Stories A new dawn for Turk mine By Test Test Jun 4 2024 When Zimbabwe ran into serious trouble in early 2024 we first cut back development by some 50% and by the middle of 2024

Get Price
Who is behind machete killings in Zimbabwe s goldfields

Ngoni Tinarwo 41 a resident of Zimbabwe s mining town of Kwekwe counts himself very lucky On August 29 last year a gang of well known people that he alleges was sent by his opponents in the gold mining sector attacked him in broad daylight near his family home He fought off the attackers until he managed to reach safety but not

Get Price
Zimbabwe Chamber of Mines Calls for Devaluation

AS most of the country s mines battle to survive the Zimbabwe Chamber of Mines has appealed to the government to devalue the local currency to ensure continuity for its members in the ailing

Get Price
Zimbabwe s Socialist Zanu PF Allows China to Dominate Its Gold Sector

Jun 9 2021China s growing dominance within Zimbabwe s gold sector has caused tension between native African gold miners and Chinese run mines The managers of a Chinese owned mining company in eastern Zimbabwe told New Zimbabwe in December 2024 that they called off a search mission for ten local gold miners suspected to have been buried alive

Get Price
MARKETWATCH Precious Metals stocks stalemate about to GoldSeek

Since 1995 publishes the leading gold news commentaries gold market updates and reports providing gold investors with the most updated gold and silver prices news precious metals information Alot of subscribers have been perplexed by the relatively miserable laggardly performance of Precious Metals stocks in recent

Get Price
Zimbabwe s gold output up % in 2024 cbank Kitco News

Jan 12 2022A roundup of all the mining news in the precious metals sector with a variety of company news mining sector analysis newsletter writer insights and executive interviews Jan 12 Reuters Zimbabwe s gold production rose by % in 2024 central bank data showed on Wednesday as government moves to incentivise miners bore fruit

Get Price
The real cost of SA s 3 month platinum strike

South African finance minister Pravin Gordhan predicted that the strikes affecting South Africa s platinum mines over the past three months would cause less economic damage than the industrial action that took place in 2024 It seems this prediction has already been proven wrong In 2024 the industry saw losses of between 500 000 oz and 600 000 oz in total and Thomson […]

Get Price
Types of Catalysts in Catalytic Oxidation The CMM Group

Platinum Platinum either alone or in combination with other noble metals is a common catalyst for air pollution control In the supported form it is more active than the best of the base metal catalysts it is stable up to at least 750°C and is resistant to poisoning by most elements except lead and phosphorus

Get Price

Free Quotation

Incredible has successfully built lots of crushing plants, grinding plants and metal ore dressing plants for our customers.

Get a Free Quote Now