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A platinum bar Johnson Matthey forecasts lower palladium, rhodium deficits, but larger platinum deficit
Published: 09 May 24
Chemicals and sustainable technologies provider Johnson Matthey says the palladium and rhodium markets are likely to record smaller deficits this year, while platinum is likely to record a deficit of 600 000 oz on the back of lower primary supplies. It states in its latest yearly ‘PGM Market Report’ that an anticipated recovery in primary and secondary platinum group metal (PGM) production fell short of expectations in 2023.
Manuka raises cash to bring Mt Boppy into production
Published: 09 May 24
Exploration and development company Manuka Resources has announced an A$8-million capital raise that it plans to use to bring the Mt Boppy gold mine into production this year. The capital will be used to establish an onsite processing facility to recover gold from oxidised ore. First gold production is forecast for the fourth quarter.
Panama President-elect Jose Raul Mulino Panama President-elect rules out First Quantum talks until arbitration dropped
Published: 09 May 24
Panama's President-elect has ruled out talks with Canadian miner First Quantum Minerals until it drops multiple arbitration proceedings it has launched seeking billions of dollars in compensation from the government over a mine shutdown order. President-elect Jose Raul Mulino spoke about his plans for the major copper mine, once responsible for some 5% of Panama's economic activity and some 40% of First Quantum's revenue, in an interview with local news radio program Panama en Directo on Thursday.
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