Platinum Australia Ld Share Discussion Threads

[apavlovic] 27/5/2011 07:58

not another capital raising?

Suspended on asx

[piedro] 16/5/2011 13:00

South Africa's platinum miners battling to stand still
...Platinum prices recovered strongly from below USD 1,000/ounce at the end of 2008, and currently trade close to USD 1,800/ounce. But just how much of this is making its way to miners' bottom lines may explain why platinum stocks seem so out of fashion....

[apavlovic] 18/3/2011 20:23

about time too

[red ninja] 18/3/2011 15:58

A +ve Rooderand RNS by the end of March would be appreciated too ....

[apavlovic] 18/3/2011 07:24

Thats a very nice bounce back last night!

[red ninja] 03/3/2011 17:21

15% rise in Pd price by December

[red ninja] 28/2/2011 20:29

If the prices stay strong Panton may get developed after all.

I believe they are promising us Rooderand news in the March quarter so presumably this month.

It would be nice to see some good news for a change.

[pecker1] 28/2/2011 17:25

Fairly terse half year report issued today. Loss as expected but says the financial viability of Panton will be re-assessed in H2.

Slow grind ahead methinks.

[red ninja] 10/2/2011 16:17

Article mentions that PGMs are priority minerals for Japan....


Interesting article out on the newswires:

CAPE TOWN (I-Net Bridge)--Japan is seeking to take a more active role in developing partnerships in Africa to access the resources it needs in particular rare earth minerals, a Japanese government official has said.

"Japanese companies, including metals consumers such as iron and steel mills and consumer electronics manufacturers, are intending to invest into the main resource areas," Yuko Yasunaga, head of the mineral resources division of the Japanese ministry of economy, trade and industry, told I-Net Bridge.

"Any mineral we use in Japan is imported," he said. "We have to diversity the sources."

He said Japanese industry was very keen to secure supplies of rare earth minerals, since export quotas from China were restricted last year.

Rare earth minerals are critical for the hybrid industry--hybrid car motors and magnets.

"So rare earth minerals are the number one priority. However, we know that we can get rare earth resources in the short term from the U.S. In the mid term we can get resources from India, Kazakhstan and Vietnam. In the long run, South Africa, other African countries and Mongolia would be alternatives for rare earths," Yasunaga said.

The other minerals Japan requires are nickel, tungsten, copper and platinum group metals. "Those are the prioritised metals," he noted.

He added that there were no concrete plans for major investment in Africa. But he noted a change to the traditional low-key investment that sees Japanese companies taking a very small stake in a company--maybe 2%-3%--and then signing off-take agreements, not just for the Japanese markets but also for China.

"That is changing and currently we feel that it is more important for Japanese companies to be committed long term on a more significant scale--15% to 20%, or even majority ownership," he said.

Yasunaga said the big trading houses were becoming more and more active in Africa.

In the field of mining, considering the risks associated with the activity, Jogmec, the Japanese government's public organisation, staffed by a number of resource development professionals, is supporting commercial exploration and development. But the projects underway in Africa are mainly at the exploration stage.

"Maybe it takes some time, maybe it will take four to five years to develop to the stage of a great mining development project. In such a case Jogmec can support the infrastructure," Yasunaga said.

Some Japanese-related mining companies were active in southern Africa, such as Sumitomo Corp (SSUMY) in a nickel project in Madagascar and the Husab uranium project in Namibia--in conjunction with local junior miners and Rio Tinto Ltd. (RIO.AU)--to develop the second biggest uranium mining project in the world, he said.

"There are other projects in which Japanese companies are involved in negotiating with other companies, and we are not able to disclose that," he said.

The off-take agreements were purely on a commercial basis, he added. "Now we are encouraging Japanese companies to invest in the mines themselves and they would then have to contribute to infrastructure development, power generation, rail, ports, human resource development and corporate social responsibility for the community and that would require funding on a completely different scale. It is helpful for the Japanese companies to have funding from the Japanese government to assist with that," he said.

[red ninja] 10/2/2011 16:10

A,

I'm looking to sell the rest of the extra shares aquired in recent price crash. I'm hoping with a bit of good news and ascending PGM basket price to sell at AUD$1 plus that would give me a descent profit and put me back on a free carry for core holding.

[apavlovic] 10/2/2011 07:01

Red,

Agree. Do you have a price target in mind?

[red ninja] 09/2/2011 17:38

A

Hopefully this will be the last time that ex-Red Path employees stike.

Pt + Pd supposedly going to be strong for next few years, but so are RSA costs.

I'm looking to sell PLA shares this year following some good news as I don't want to have too much invested in RSA given it's political risks ...

[apavlovic] 08/2/2011 17:52

Platiunu and Palladium racing ahead.

Will plaa miss out on another cycle due to strikes?

[red ninja] 03/2/2011 16:13

Mmm well market doesn't seem panic striken this time. Hopefully it won't take too long to sort it.

[sg31] 02/2/2011 11:38

From hotcopper

2 February 2011
INDUSTRIAL ACTION BY MINING CONTRACTOR EMPLOYEES AT SMOKEY HILLS
Platinum Australia Limited (ASX:PLA) advises that the majority of the employees of the mining contractor, JIC Mining Services (Pty) Limited ("JIC"), at the Smokey Hills Mine have engaged in unprotected industrial action. This action is in the main part related to ongoing issues arising out of the transfer of employees from Redpath Mining (South Africa) (Pty) Limited to JIC.
The above action has culminated in the majority of the workforce refusing to go underground on the 31st January and again on 1st February. The contractor has advised the employees to return to work or face dismissal for participating in unprotected industrial action and has initiated formal proceedings against the participants. The contractor has measures in place to deal with this situation in the event that employees are dismissed.
There are currently approximately 35,000 tonnes of chrome tailings plus underground ore stockpiled ahead of the plant at Smokey Hills, and it is not therefore expected that the above action will significantly impact on PGM production from the operation.
The Company is unsure how long the action will impact on operations at Smokey Hills, but at this point expects normal operations to recommence by the beginning of next week.

[sg31] 02/2/2011 11:35

Just been on the PLA website and saw the bit below but the link didn't work.

02 February 2011

Industrial action by mining contractor employees at Smokey Hills

[pecker1] 01/2/2011 12:47

Red,

Now that was a good read. The key point for Lewins will be whether palladium can hold over $800 in the event of any PGM reversal. Frankly, I'd rather see him getting more serious about Panton than Kalplats unless the JV partner wants to reduce it's stake. Feel much happier about Rooderand but think an out of Africa move would be timely.

[red ninja] 30/1/2011 15:35

Palladiums Perfect Storm :-

[pecker1] 19/1/2011 10:35

Worth reading, not least as PLAA gets a plug:



If the cost pressures in SA play out then the Panton project in OZ is looking better and better for PLAA.

[red ninja] 18/1/2011 17:06

Chartsmart,

Pleased with the PLA share price recovery. What a roller coaster PLA is.

If the palladium/platinum price stay bullish SLV may well catch up ...

[chartsmart] 18/1/2011 06:59

Panton should be commercial at lower basket prices than now. I have resigned it to being that "non SA project" to get a minute's note at the end of any presentations.

Good timing on getting back in Red Ninja, I was expecting the whole sector to start catching up with PGMs so went back into PLA, SLV and JLP, hoping for SLV to go next, nice looking chart. NAG

[red ninja] 17/1/2011 16:43

Maybe, but I'd guess they'd want to be sure that high prices will be supported and there is a big enough margin before looking at Panton again. I mean they've already tried twice...

Meanwhile Quantum and Northcape topsliced last night. Mmm I had the feeling I should be doing the same, but didn't....

[pecker1] 17/1/2011 10:19

With palladium closing in on $800, PLAA may decide to take another look at Panton. Having a potentially viable PGM project outside of SA must be a strategic advantage, so let's hope the PGM basket price turns it into an economic asset.