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

To: Just G who wrote (373)	5/18/2000 2:00:00 PM
From: Ptaskmaster	Read Replies (2) \| Respond to of 529

Norilsk plans and projections - read between the lines.- "...Kotlyar ... said Norilsk was expanding its prospecting of platinum group metals. "'A number of new prospective deposits were identified. We [also] have two sites producing precious metals concentrate.... In future we plan to concentrate the production of all precious metal concentrates in Norilsk, where efficiency shall be improved through the introduction of new technologies,' he said. "'The freed capacities in the Kola Peninsula will be reprofiled for processing of secondary precious metals including electronic scrap from disassembled nuclear submarines and used catalysts from petrochemical and chemical plants and in future spent autocatalysts also.' "Kotlyar also said Norilsk was considering ... processing of some stored materials containing platinum group metals." From 'Norilsk sees high PGMs prices helping 2000 growth', full story from Reuters at Yahoo Finance biz.yahoo.com

To: Just G who wrote (373)	5/21/2000 4:25:00 PM
From: Bob Howarth	Read Replies (3) \| Respond to of 529

Anyone know why platinum supply is apparently thought by www.platinumguild.org webcast participants to be safe, when it comes from South Africa, which is probably even more of a basket case than Russia? My understanding is that this is where almost all the platinum is, that is at least directly mined as opposed to being a by product of nickel production? In addition, jewelry demand in Far East replacing gold could potentially dwarf usage in auto catalysts thus driving the price up above palladium. Thanks in advance.