read and weep at the hysterical first part ,read & learn at the 2nd part. I am not a finance expert Id never be,Id make a lousy one ;)
Just a note: Wasnt London Based Lonmin the Company responsible for the Marikana massacre? huh? Think for yourselves(comments in italics are all mine)
All signs now point to a complete depletion of Russia’s palladium reserves at their Gokhran Repository.
That means 42% of the world’s supply of this precious metal may now disappear.
And There is No
“Knight In Shining Armor”
Besides Russia’s crippling palladium shortage, there is a simultaneous crisis happening right now in South Africa.
Riots, uprisings, and a halt in production have put another 38% of the global supply of this precious metal in jeopardy.
The math is truly frightening.[really????]
- 80% of the palladium that is used every year to produce new cars, phones, and computers… [wow]
- 80% of the palladium used by our military and NASA… [jaw-dropped]
- 80% of the palladium that goes into every step of bringing food to our tables, fuel to our vehicles, and a natural gas renaissance to our great nation… [Monsanto labeled food ]
It’s all in a state of emergency.
But history has proven time and time again, that those who control a market with limited supply and nearly unlimited demand can reap unimaginable rewards.
It’s Time to Turn This Russian State Secret into an
Opportunity to Multiply Your Wealth 10x’s Over!
As this palladium crisis worsens, there is a small “David and Goliath” miner the world will have no choice but to turn to…
Because it’s now holding all the cards.
That’s why I want to rush you the intelligence briefing Money Morning’s Natural Resources Director, Peter Krauth, has prepared.
It’s called Russia’s State Secret Exposed: The 1,000% Windfall They Don’t Want You to Know About.
- The Gokhran Cover-Up – Peter Krauth has been tracking down and investigating the intelligence leaks that are slipping out from the highest ranks of the Russian government, as well as from deep inside their palladium mines. He’s going to blow the doors off this cover-up so you can see how far it reaches.[oopsie]You’ll be shown shocking charts, a timeline of palladium depletion that strongly suggests Russia’s reserves are down to zero, plus you’ll see why South Africa will not be able to come to the rescue anytime soon.[oopsie again]
- The Palladium ETF That Shines the Brightest – Peter Krauth has taken the top three palladium ETFs and run them through a series of rigorous tests to see the ideal candidate for your portfolio. [sure does so does for Lonmin’s pocket]He’ll even show you how to transform your shares into real palladium.
- The Incredible Story of the “David and Goliath” Miner – Peter Krauth has uncovered the kind of underdog story that can change financial destinies.It can change your destiny.
One small miner controls 114 square miles of what could be the most palladium-rich land on the planet.
Yet, after 20 years in business, this company has only mined .38ths of a square mile.
That’s why Wall Street hasn’t caught on to this story.
But that’s going to change very soon.
The Anglo Platinum Group, commonly referred to as “Amplats,” is the world’s leading primary producer of Platinum Group Metals (PGMs). The company produces about 2.5 million ounces of platinum and more than one million ounces of palladium annually and contains reserves in excess of 220 million ounces, comprised chiefly of platinum, palladium, rhodium, and gold.
Employing just under 50,000 employees worldwide, Anglo Platinum’s center of operations are in South Africa, where it maintains seven mines, three smelters and two refineries. The company also conducts operations in the Sudbury District of Ontario, Canada, the Vissim District of the Ural Mountains, near Yekaterinberg in Russia, at Pedra Branca in Brazil, and in the Dunba, Gaojacun, and Xinjie areas of China’s Sishaun Province.
The Anglo Platinum Group is listed both on South Africa’s JSE Securities Exchange and the London Stock Exchange. Additionally, International Depositary Receipts in respect of the Company’s shares are listed on the Brussels Bourse .
Founded in the mid-1960s, Impala Platinum has grown to become one of the world’s largest Platinum Group Metals (PGMs) producers, yielding 3.5 million ounces of PGMs in FY 2005.
Opening its first mine in 1967, Impala miners exclusively worked the Merensky Reef of South Africa’s Bushveld-Igneous Complex (BIC) until 1979. Since that time, the company has expanded its operations to include other reefs within the BIC and areas along the Great Dyke in Zimbabwe. In addition to its five “mine-to-market” operations (Impala Platinum, Marula Platinum, Two Rivers, Zimplats, and Mimosa), Impala Platinum maintains a refining services arm as well as investments in the operations of Aquarius Platinum, Ltd., a PGM mining company headquartered in South Africa.
Impala Platinum’s primary listing (IMP) is on the JSE Limited (JSE) with a secondary listing (IPLA) on the London Stock Exchange. The company has a sponsored level 1 ADR program (IMPUY) in the United States.
Created more than a century ago, Lonmin Platinum is a miner of Platinum Group Metals and Gold, employing more than 20,000 people across its operations.
Lonmin operates four mines in South Africa, three in the northwest province near Marikana and one in the Limpopo Province near Polokwane. Also located in the Limpopo Province are Lonmin’s two refineries and its smelting facility. In FY 2005, Lonmin produced a total of approximately 1.7 million ounces of Platinum Group Metals (PGMs), including 408,141 ounces of Palladium. Lonmin primarily exploits the UG2 and Merensky reefs within the Bushveld-Igneous Complex (BIC).
Shares of Lonmin Platinum are traded on the London Stock Exchange.
Aquarius Platinum currently operates three mines (two in South Africa and one in Zimbabwe) and is constructing a fourth mine (Everest) on the eastern limb of the Bushveld-Igneous Complex in South Africa.
The company’s primary operation, the Kroondal Mine (South Africa), is consistently one of the world’s most efficient PGM producers, yielding 324,730 ounces of PGMs in FY2005, including more than 95,000 of palladium.
Shares of Aquarius Platinum, listed under the symbol AQP, are traded on the Australian Stock Exchange (ASX)
South Africa ‘s fourth largest PGM mining company, producing 340,000 ounces of PGMs annually (including an average of about 96,000 ounces of palladium) Northam Platinum commenced commercial operations in 1981. Over the years, Northam has been recognized as an established leader in deep level underground mining and has played an important role in advancing hydro-powered mining equipment technology.
Operating mines in South Africa’s Merensky and UG2 reefs, Northam exploits that country’s deepest platinum mine. In 2004, the company acquired interest in the Booysendal Project (located on the eastern rim of the Bushveld Complex) from Mvelaphanda Resources and plans to begin mining operations in this area as soon as possible. Acquisition of a portion of the Booysendal Project, which has a resource of approximately 677 million tons, is expected to provide a significant boost to Northam’s production capacity.
Shares of Northam Platinum are listed on the JSE Limited (Johannesburg Stock Exchange).
Norilsk Nickel is by far the largest PGM producer in Russia, operating mines in northern Siberia and on the Kola Peninsula that together yield of over 2.7 million ounces of palladium and approximately 800,000 ounces of platinum annually.
The company’s major PGM operations are centered around its Polar Division located on Taimyr Peninsula in northern Siberia. Norilsk Nickel’s Polar Division is comprised of seven nickel-copper mines and associated smelting and refinery plants. Despite logistics and climate related challenges (the Polar Division is located in a remote area within the artic circle where the average daily temperature hovers around -32 degrees Celsius), the company annually process more than 13 million tons of ore from its six underground mines and one open cast operation. In its latest production plan (for the years 2005 -2015), Norlisk Nickel optimistically forecast an increase in ore processing at its Norilsk-Talnakh facilities to more than 14 million tons per annum. In 2003, Norilsk Nickel purchased controlling interest of USA-based Stillwater Mining Company, the only primary producer of palladium in the U.S.
Shares of Norilsk Nickel are traded on the Russian MICEX (Moscow Interbank Currency Exchange) and in Level 1 ADR on London Stock Exchange, the New York based NASDAQ exchange, and the Berlin Stock Exchange.
Stillwater Mining Company, based in the Stillwater Valley near Nye Montana, is the only American producer of palladium and platinum and largest primary producer of Platinum Group Metals outside of South Africa, producing approximately 450,000 ounces of palladium and 130,000 ounces of platinum annually.
The company’s operations are comprised of mines and associated metallurgical plants at two main sites: the Stillwater Project, located some 110 miles southwest of Billings, Montana, and the East Boulder Project, located just 15 miles west of Stillwater. In 2003, Russian PGM producer Norilsk Nickel acquired 50.8% of Stillwater Mining.
The Company’s shares are traded on the New York Stock Exchange (NYSE) under the symbol SWC.
North American Palladium
North American Palladium is Canada’s only primary producer of palladium. The company’s Lac de lles Mine, located near Thunder Bay, Ontario is one of the largest open-pit bulk mineable palladium reserves in the world.
During the fourth quarter of FY 2005, the Lac de lles Mine processed more than 1.1 million tons of ore, yielding 36,833 ounces of palladium and 3,761 ounces of platinum. Lac de lles improved its palladium recovery rate by nearly 8% in the fourth quarter. Palladium production for all of 2005 totaled just over 177,000 ounces.
Shares of North American Palladium, Ltd. Are traded on the Toronto Stock Exchange (TSX), Canada’s largest exchange, as well as the New York based American Stock Exchange (AMEX).