GOLD 1218.89 $/ozChange: 2.63
PLATINUM 1273.00 $/ozChange: -15.00
R/$ exchange 11.22Change: 0.07
R/€ exchange 14.21Change: 0.04
 
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19th April 2012
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Welcome to Creamer Media’s Resources Watch, a weekly video round-up of the events and people making and shaping the news in the mining industry.

This week:
Investors are continuing to drive the gold market.
A new process opens the way for full-spectrum platinum beneficiation.
And, commodity lines to receive a boost from Transnet’s R300-billion plan.

The changing dynamics of the gold market over the past ten years have led to an active investor-driven market, says precious metals consultancy Thomson Reuters GFMS global head of precious metals Paul Walker.

Thomson Reuters GFMS global head of precious metals Paul Walker

The Kell Process, which slashes electricity consumption by eliminating the power-guzzling smelting step in the processing of platinum-group metals, also opens the way for full-spectrum platinum beneficiation, including the facilitation of fuel cell and autocatalytic converter manufacture.

Liddell Associates' Keith Liddell

About one-third, or around R100-billion of Transnet’s R300-billion, seven-year rolling capital investment programme will be directed towards the upgrade and expansion of South Africa’s key commodity export corridors.

Transnet CE Brian Molefe

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Edited by: Shannon de Ryhove

 

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