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Mining News: PALLADIUMSolitario Exploration & Royalty Corp. Expands Platinum-Palladium Mineralization on Its Pedra Branca Project, BrazilDENVER–(BUSINESS WIRE)–Solitario Exploration & Royalty Corp. (AMEX:XPL) (TSX:SLR) announces significant new platinum-palladium (”PGM”) drill hole assay results that expand previously Norilsk hires former HSBC official to advise on corporate strategyThe world\’s biggest miner of nickel and palladium, Norilsk Nickel, has appointed former HSBC resources and energy sector chief Adrian Coates as the company\’s senior adviser on corporate strategy, the group said on Friday. Coates left HSBC in June, after more than two decades in banking and finance, during which he had a hand in the initial public offering for Billiton and advised on Mittal Steel\’s acquisition of Arcelor. Platinum and palladium prices fall 5% on low demandLOWEST PRICE FOR SIX MONTHS Platinum and palladium prices have fallen over five percent on Friday, sliding to the lowest levels in six months, due to declining demand. LONDON (Reuters) - Platinum slipped more than 5 percent on Friday to $1,658.50 an Pan Palladium rejects Braemore dealRoy Pitchford, CEO of Afplats [miningmx.com] — MARKET sources believe a power play involving billionaire Canadian mining entrepreneur Robert Friedland may lie behind the voting down of PPD?s JV with Braemore Resources over the Grass Valley platinum Grass Valley JV fails to get Pan Palladium shareholders’ backingASX-listed junior exploration company Pan Palladium Limited’s (PPD’s) shareholders has voted against the issue of shares and options to nickel and platinum group metal (PGM) producer, Braemore Resources, following an earlier heads of agreement over the Grass Valley PGM base-metals deposit, in the Platreef area, in South Africa. Braemore Resources on Tuesday stated that the companies had entered into the agreement in December 2007. Precious metals poll puts average platinum price up 50% this year on lastAnother Reuters poll, this time on platinum and palladium, shows big increase in anticipated platinum price this year compared with last and palladium up too. Posted: Thursday , 24 Jul 2008 LONDON (Reuters) - Platinum is expected to trade more than 50 Magma Metals releases June Quarterly reportThunder Bay North Platinum-Palladium Project: Drilling in the Beaver Lake area has established a thick zone of mainly flat-lying mineralisation up to 300m across and open along-strike within a peridotite intrusion. Results included: - BL08-15: 34m @ Norilsk completes syndication of $1,5bn loanThe world\’s biggest miner of nickel and palladium, Norilsk Nickel, said on Monday that it had successfully closed a $1,5-billion medium-term syndicated loan. The facility was used to refinance the $2,5-billion short-term facility arranged last year to fund the company\’s acquisition of Canada\’s LionOre Mining. Higher diesel prices adverse for platinum demandThe diesel revolution in the European Union that drives demand for platinum and palladium is unlikely to reverse itself, but EU drivers will progressively divert from diesel vehicles if the diesel price remains significantly higher than the price of North American Palladium Announces Second Quarter Production ResultsTORONTO, July 17, 2008 (PRIME NEWSWIRE) — North American Palladium Ltd. (AMEX:PAL) (TSX:PDL) today announced production results for the three month period ending June 30, 2008. CPM says millions of ounces of platinum, palladium held by investorsCPM Group says that the flood of money into the world has stimulated a large, seemingly sustainable increase for investment demand in commodities, especially PGMs. RENO, NV - A combination of strong fabrication demand, declining supplies and a surge in CPM says million of ounces of platinum, palladium held by investorsRENO, NV - A combination of strong fabrication demand, declining supplies and a surge in investor interest have all fueled growth in platinum group metals prices. In their 2008 Platinum Group Metals Yearbook released Tuesday, New York-based precious Norilsk Nickel appoints Ralph Havenstein as Chief ExecutiveOJSC MMC Norilsk Nickel (hereinafter - Norilsk Nickel or the Company), the world’s largest nickel and palladium producer, is pleased to announce the appointment of Ralph Havenstein as Chief Executive of Norilsk Nickel International based in Johannesburg, Havenstein joins Norilsk Nickel as CEO of international unitRalph Havenstein, former CEO of platinum giant Anglo Platinum, will now head up the international operations of the world’s largest nickel and palladium producer, Norilsk Nickel. Havenstein, which quit his job at Angloplat in August, would have overall responsibility for the Norilsk Nickel’s operations and development projects in Finland, South Africa, Botswana and Australia, the Russia-based company said in a statement on Tuesday. The Russian palladium stockpile - do we need to worry?Comments on the Russian palladium stockpile caused immediate movement in the market, but do these comments mean much in the scheme of things? Author: Rhona O?Connell Posted: Friday , 13 Jun 2008 LONDON - The comments from Anton Berlin, the head of Postponement hits net profit by $2 billionNorilsk Nickel has made a 12% drop in 2007 net profit after losing almost $2 billion on the value of newly acquired mining and power assets at LionOre Mining International. MOSCOW (Reuters) - Norilsk Nickel, the world’s largest nickel and palladium |
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