Platinum mining locations

Platinum mining location 78% in South Africa and the big platinum mining location in Kroondal is located 120 km north-west of Johannesburg in South Africa, on the western limb of the Bushveld Complex.South Africa produces more platinum and similar metals than any other nation.In 2005, 78% of the world's platinum was produced in South Africa, along with 39% of the world's palladium. Over 163,000 kilograms (5,200,000 ozt) of platinum were produced in 2005, generating export revenues of $3.82 billion USD.

Platinum mining industry is capital intensive. Companies need large amounts of money to build production facilities and long-term survival requires heavy expenditures in order to finance exploration and production. Processing of the ore through milling, flotation and smelting to form a matte that contains the PGM is normally undertaken at the mines. Further refining may take place in refineries on the mine property or in other countries.

The highest bidder at Platinum luxury auction

La Palma will be sale to the highest bidder at platinum luxury auction. Ultra-luxury real estate auction specialist Platinum Luxury Auctions LLC, a United States firm headquartered in Miami, Florida, will handle the sale.The auction will feature a unique parcel of land, measuring nearly 17 acres in size (67,122 sq. meters) and offering breathtaking views of the Atlantic Ocean.

Included with the land are detailed architect's plans and building permissions for the development of the Hotel La Alegria, a luxury "5 star" resort for up to 116 guests. Due to the property's location in a naturally preserved area, it took more than 12 years for the current owner to obtain proper development rights. The resort will boast features such as outdoor and indoor pools, a spa, conference center, gym, yoga studio, salon and more.

If you interest, to get more details on this luxury auction, please visit CanaryIslandsAuction.com or call +1-305-744-5220 (U.S.).

Precious Metals Gold prices trading at US$130 premium over platinum

Gold: 1641.00 – down US$40 on the week. The only positive result for gold over the course of last week is that it is still trading at US $130 premium over platinum. Gold has rediscovered its inverse relationship with the US$ and it is now reacting positively and correlates to rises in equities and also with a stronger Euro.
The US$1600 level was not seriously tested but it seems that gold is firmly stuck, for the time being, between U$1600 and US$1695.

We have seen a pick-up in physical buying ahead of Diwali but it has been less than what we expected. I still look for the gold price to rise but this current see-saw action curbs a lot of enthusiasm and conviction out of the market.

Option volatilities midrates:  Gold atm
1 month       28.00 % up       0.75 %
3 month       28.30 % down 0.20 %
6 month       28.75 % down 0.75 %
1 year          29.40 % down 0.60 %
EFP (Exchange for physical) midrate: Gold spot to December Comex: US $ 1.05
ETF: Holdings nearly unchanged at 2326 tons overall
Support: 1585 and 1568       Resistance: 1664 and 1692
OUTLOOK: Neutral