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Gold/Mining/Energy : Platinum Group Metals (PGMs) -- Ignore unavailable to you. Want to Upgrade?

To: Gord Bolton who wrote (314)	3/17/2000 3:50:00 PM
From: Ptaskmaster	Read Replies (1) \| Respond to of 529

"Thirty exploration companies, including 10 majors, are targeting platinum group metals, with another 72 companies considering other participatory arrangements. "Of the existing mines, the largest single capacity increase is scheduled to come from North American Palladium's Lac des Isles mine in Canada, which should expand its palladium capacity by 170,000 ounces. ----snip---- "Only six of the 96 have reported resource estimates. These total 22.2m ounces, with palladium grades ranging from 0.4 per cent to 2.4 per cent. *Strategic Report from Metals Economics Group, PO Box 2206, Halifax, Nova Scotia, Canada B3J 3C4." From "Miners move to satisfy rush for palladium" By Gillian O'Connor, Mining Correspondent - 17 Mar 2000 04:10GMT. Financial Times news.ft.com

To: Gord Bolton who wrote (314)	3/24/2000 4:42:00 PM
From: Ptaskmaster	Respond to of 529

China and the Soya Bean connection in 1999.- "... customs officers had detained a woman in the Russian Far East last month for attempting to smuggle 10 kilo's of platinum and palladium into China .... [And] a Chinese lorry had been seized at Nakhodka in Russia bearing a sizeable shipment of platinum and palladium catalyst disguised as soya beans in January this year. Such stories are not uncommon. While smuggling is not new at this border crossing, the extent to which Platinum Group Metals (PGMs) have become the focus is surprising. These stories reflect both the dire position of unpaid Russian miners who are unable to sell their large stocks of PGMs through the State apparatus - whereas across the border in China the same metals trade at a large premium to world markets driven by burgeoning demand. ----snip---- Meanwhile business is likely to remain brisk on that Chinese-Russian border where there are reports that the Chinese are building a large PGM refinery with a 6m ozs capacity in Fushun City, Liaoning and extensive PGM fabrication facilities in Yunnan Province. Presumably 'soya bean' trade is also expected to remain buoyant . . . From Ross Norman (Precious Metals Research Ltd), "Russian Platinum Group Metals", in Commodities Now at commodities-now.com