Why is Platinum Cheaper Than Gold?

Why is Platinum Cheaper Than Gold?

While both gold and platinum prices have continued to fall so far this year, platinum has taken a harder hit, making the white metal cheaper than gold. William Tankard, director of precious metals and mining at Thomson Reuters, pointed first to supply-side factors that are driving platinum's fall.

What do Floods in Chile Mean for Lithium Supply?

Lithium – The north of Chile has been devastated by heavy rains and flooding that began last Tuesday, and while there have been several reports on how the rainfall has affected copper mines in the region, some investors are likely wondering what it means for lithium operations as well.

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Videos

Mickey Fulp: ‘We Need to Eliminate the Zombie Miners’

Gold – Mercenary Geologist Mickey Fulp wasn't able to make it to PDAC this year, but that doesn't mean he wasn't watching what went on at the conference. In this video, Fulp delivers interesting information about the finances of some companies in attendance, also touching on issues currently plaguing many major gold miners.

Company News

Focus Graphite Closes Financing

Focus Graphite Closes Financing

Graphite – Focus Graphite Inc. (TSXV:FMS,OTCQX:FCSMF,FWB:FKC) has closed the second and final tranche of its previously announced private placement for $883,799.70.The Company issued 2,525,142 units at a price of $0.35 per Unit, each Unit being comprised of one common share of the Company and one half (1/2) of one common share purchase warrant for the second tranche. Each Warrant entitle the holder thereof to acquire one additional common share of Focus Graphite at a price of $0.55 per share until March 27, 2017.

MGX Minerals Begins Preliminary Environmental Baseline Studies at Driftwood Creek

MGX Minerals Begins Preliminary Environmental Baseline Studies at Driftwood Creek

Magnesium – MGX Minerals Inc. (CSE:XMG) reported that it has started preliminary environmental baseline studies at the Driftwood Creek magnesium property in British Columbia. Re-assaying of 2008 drill core from the “Western Zone” is also underway. Upon completion of the data analysis, MGX engineering consultants will construct an updated block model that includes data from both the Western and Eastern mineralized zones.

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Company Videos

Cobre Montana’s Adrian Griffin Talks Lithium in the Czech Republic

Lithium – Cobre Montana (ASX:CXB) Managing Director Adrian Griffin is anticipating a Scoping Study for the Cinovec project in the Czech Republic, "within the next couple of months." He also said, "if you go back only 2 months, that project was considered a tin project; by applying the appropriate technology, we found that there is probably twice as much lithium value in that project as there is tin." Cobre Montana applied their licensed processing technology to extract lithium from the micas and achieved float recoveries of 98% and leach extraction of 99.5% lithium at Cinovec.

Potash West Managing Director Patrick McManus Talks Potash in Australia and Germany

Potash – Potash West (OTC:PWNNY,ASX:PWN) Managing Director, Patrick McManus, provided an update on the Dandaragan Trough Project in Western Australia and potash projects in Germany: "the feasibility on the Dinner Hill Project within the Dandaragan Trough is progressing; we should be announcing an updated resource on that within the next two to three months. In addition to that, the German project, specifically the Küllstedt project area has a large amount of drilling on it in the last several decades - we are currently reviewing that and we expect to be announcing an update of that drilling work within the next month."

Market News

Iron Ore Price Drops to Six Year Low

Iron – Australian Mining reported that iron ore prices in China have hit a six-year low level, as China copes with its struggling property market.

Increasing Doubts about North Korea’s Huge Rare Earths Deposit

Rare Earth – Australian Mining reported that a supposedly massive rare earths deposit discovered in North Korea in 2013 is being doubted. The deposit was discovered by a joint venture between SRE Minerals and state owned Korea Natural Resources Trading Company, with early reports stating that had the potential to hold reserves 6 times as large as those in China.

Chinese Withdrawls From SGE Will Hit a Record in Q1

Gold – According to Mineweb, withdrawls from the Shanghai Gold Exchange (SGE) have stayed high despite the end of Chinese New Year celebrations. Demand from India has also risen, according to the publication.

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