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Gold/Mining/Energy : North American Palladium(AMEX:PAL)- PGM Producer -- Ignore unavailable to you. Want to Upgrade?

To: The Vet who wrote (569)	4/17/2000 12:03:00 PM
From: Ptaskmaster	Respond to of 976

Future of Norilsk production and export.- "... The suspicion persists that Russian sales are on the horizon, but there is little by way of fact or even informed supposition to provide real substance to this viewpoint. Our sources tell us that, as far as Norilsk is concerned, production of pgms is being maintained in spite of fears that reserves are running short at the Talnakh complex. Moreover, Norilsk has been selling product into the export market. "The perception that production levels can be sustained is borne from the conviction that there is a reasonable supply of raw materials in the pipeline and, furthermore, in the long run there are sufficient alternative sources of reserves at Norilsk. "Nevertheless, there is speculation that the producer may have return to the older Norilsk I and II deposits to ensure that production rates are maintained. Ironically, the advent of higher prices for platinum and palladium, a direct consequence of erratic supplies from Russia (as well as healthy demand), will render the exploitation of the older deposits more economically feasible." From 'Uncertainty surrounds Russian minerals policy', by Rajat Kohli at Miningweb on Moneyweb at mny.co.za