| | Published : February 04th, 2008 | Industry Bulletin |
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Hinterland Metals - Industry Bulletin
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Industry Bulletin - Platinum Panic,
Rhodium Rout as Supplies Threatened in The Short and Long Term
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In our ongoing efforts to
provide market information, we are pleased to provide you with the
following Industry Sector Bulletin discussing current market opinions
and/or conditions that will affect the price, supply, and demand of
platinum.
The following article forecasts a shortage in the supply of platinum, at
least until 2013. South Africa, the largest platinum producer in the world
is currently having supply issues with some of its platinum mines. "All
the major South African underground platinum mines closed" and many
are "uncertain when the mines will reopen for production."
Resource exploration companies such as Hinterland Metals Inc., can help to
alleviate the supply crunch. At present, Hinterland is currently drilling
in its Plateau PGE project, where a previous drill program demonstrated
1.9g/t combined Platinum and Palladium values over 3.0m.
Click
Here to See Latest Press Release on Plateau PGE Project
Regards,
AGORACOM
Platinum
Panic, Rhodium Rout as Supplies Threatened in The Short and Long Term
With South Africa's platinum mines likely to be closed as far as new
production is concerned until at least the end of this week, a major supply
squeeze is causing the price to surge. Byproduct rhodium is hitting new
records too.
Lawrence Williams
Monday , 28 Jan 2008
LONDON - With all the major South African underground platinum mines closed
until the state-owned electricity supply corporation, Eskom, can guarantee
to keep them supplied with sufficient power to maintain mineworker safety,
the platinum group metals in shortest supply - platinum and rhodium - are
seeing new price records broken daily as consumers panic over security of
supplies.
Platinum is now in the $1720s having risen around $140 an ounce since last
Thursday ahead of the announcement of the power-relates mine shutdowns in
South Africa. Rhodium, which is a small, but very tight, market, is also at
new record levels of around $7100 - a significant rise although not such a
dramatic one as for platinum in percentage terms. (As a guide, platinum
started the year at $1530 an ounce and rhodium $6850.)
With South Africa controlling about 70 percent of new mine supply for these
metals, any supply interruption will be significant in price terms, but as
Investec analyst Rebecca O'Dwyer said in a note today, subsequently
reported by Reuters, "Before the power crisis, we were forecasting a
platinum deficit of 150,000 ounces at the end of 2008. If all platinum
mines were shut for one week, this could increase the deficit to in excess
of 260,000 ounces."
"The platinum price rose US$81 an ounce on Friday after the news of
the mine closures. If there is a prolonged shut-down of South African mines
we believe the price could spike significantly higher," said O'Dwyer.
With rhodium there is again a very tight market and while the price
increases here have not been as spectacular as for platinum (up around 25
percent in the past 12 months) there could be further substantial increases
ahead should the mining interruptions be prolonged.
At the moment it is still uncertain when the mines will reopen for
production. They now have enough power for necessary maintenance and safety
work and there is talk of operations being back on stream by the end of the
week. But, no-one really knows yet! There will be another round of meetings
with Eskom on Wednesday and it is felt that if the power utility can supply
90 percent of a mine's normal needs, this should be enough to bring them
back into production. But, it is not only the mines which are suffering
from the power cuts and other South African industrial users are also
hurting badly and their needs will also have to be taken into account.
Altogether it looks like taking two to four weeks before Eskom can bring
enough power back on line for any semblance of normality, but any major
breakdown at one of the major power plants will switch the lights out
again!
Looking ahead, Eskom states that its programme to construct new facilities
won't be completed until 2013. This is serious for the platinum sector in
the medium to long term because virtually all the world's new platinum
mining projects are in South Africa. If power needs to be rationed in any
way - and it looks like this will be the case until at least early into the
next decade - then new projects are likely to be at the bottom of the
priority list. Given South Africa's huge supply dominance, this means that
platinum - and rhodium - may well now be in continuing short supply until
2013 or later.
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VanEck Vectors Global Alternative Energy ETF
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EXPLORATION STAGE |
CODE : HMI.V |
ISIN : CA4334732043 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Hinterland Metals is a gold and cobalt exploration company based in Canada. Hinterland Metals holds various exploration projects in Canada. Its main exploration properties are KIPAWA & LULA REE, BALLARAT, LOCKOUT, EBAY PGE and TECK in Canada. Hinterland Metals is listed in Canada and in United States of America. Its market capitalisation is 7.1 millions as of today (US$ 5.3 millions, € 4.6 millions). Its stock quote reached its highest recent level on June 20, 2008 at 1.20, and its lowest recent point on March 15, 2019 at 0.01. Hinterland Metals has 47 442 200 shares outstanding. |
Financings of VanEck Vectors Global Alternative Energy ETF |
Option Grants of VanEck Vectors Global Alternative Energy ETF |
Nominations of VanEck Vectors Global Alternative Energy ETF |
Project news of VanEck Vectors Global Alternative Energy ETF |
Corporate news of VanEck Vectors Global Alternative Energy ETF |
7/11/2016 | Hinterland adds claims to the Brexit Lithium Property in the... |
6/23/2016 | Hinterland acquires lithium claims in Mountain Lake Belt, Qu... |
5/17/2016 | Hinterland updates Tak Property in Dawson Mining District of... |
5/16/2016 | Hinterland 2016 AGM Results and Extension of Warrants |
3/30/2016 | Hinterland grants 2,400,000 options to officers and director... |
12/8/2014 | Hinterland Completes Electromagnetic Survey on Guyberry Gold... |
12/3/2014 | Hinterland Acquires 100% Interest in Mozart Gold-VMS Propert... |
9/9/2014 | Hinterland Updates Quebec Exploration Activity |
9/3/2014 | Hinterland Samples Up to 8.12 Grams Per Tonne Gold on McInty... |
6/23/2014 | Hinterland Correction to Final Tranche of Private Placements |
6/17/2014 | Hinterland Appoints Mr. John Langton to Board of Directors |
6/13/2014 | Hinterland Closes Final Tranche of Private Placements |
6/9/2014 | Hinterland Receives $40,000 Grant Under the New Brunswick Ju... |
6/3/2014 | Hinterland Annual and Special Meeting Results |
5/27/2014 | Hinterland Closes First Tranche of Private Placements |
5/1/2014 | Hinterland Acquires Williams Brook Gold Property in New Brun... |
4/24/2014 | Hinterland Acquires McIntyre Gold Property in New Brunswick |
4/15/2014 | Hinterland Acquires Sakami Gold Claims in Quebec |
4/9/2014 | Hinterland Acquires Lac Surprise Claims in Quebec |
6/28/2013 | Annual and Special Meeting Results |
2/21/2013 | Completes Airborne Geophysical Survey Over Mozart Gold Prope... |
6/20/2011 | and Stakeholder Gold Corp. Complete Spin-out of Yukon Assets |
6/8/2011 | Spin-Out Arrangement With Stakeholder Gold Corp. Approved by... |
5/17/2011 | Begins Exploration Work at Kipawa Rare Earth Project in West... |
4/4/2011 | Executes Arrangement Agreement with Stakeholder Gold Corp. |
2/22/2011 | Stakes TM Property in White Gold Area of Yukon |
3/15/2010 | Yahoo! Interview with Mr. Mark Fekete |
3/16/2010 | Acquires Lac Fecteau in Windfall Lake Area, Quebec |
2/18/2010 | Company update |
7/15/2009 | Hinterland Mobilizes Exploration Crew to Ballarat Property |
7/8/2009 | Vend Two White Gold District, Yukon Properties to Silver Que... |
6/26/2009 | Stakes Additional Claims in White River Gold Play, Yukon |
6/23/2009 | Options 1661ha Ballarat Property in White River Gold Play, Y... |
6/10/2009 | closes $175,000 Financing |
4/10/2008 | Discovers 1.8m of 1.12% Copper and 0.36% Nickel at Ebay Prop... |
2/4/2008 | Industry Bulletin |
12/12/2007 | starts drilling at Raney Gold Project, Ontario |
12/5/2007 | closes $476,880 Financing |
11/27/2007 | Stakes Entire Utik Lake Greenstone Belt, Manitoba |
11/20/2007 | arranges $600,000 Financing |
11/13/2007 | Sells Otish Basin Interest to Kakanda for 500,000 Shares |
11/6/2007 | to drill recently acquired Raney Gold Property,Ontario |
10/22/2007 | Outlines 11.5km Uranium Anomaly at Hearne |
10/11/2007 | Discovers 7.5g/t Gold at Hearne Project, Manitoba |
9/4/2007 | Summer 2007 Exploration Update |
8/1/2007 | starts Hearne Uranium Exploration Program |
6/11/2007 | Hires Downshire Capital Inc |
5/8/2007 | closes $75,000 Financing |
4/26/2007 | and Kakanda OtishU JV Airborne Survey |
4/5/2007 | Doubles size of Hearne Uranium Project near Churchill, Manit... |
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