Palladium Price increasing and supply decreasing.

In the 1970s, Palladium was elevated to catalytic converters which as considered by-products of platinum mine before. Over the past month, it’s been more costly than gold, which hasn’t transpired since 2002. From a point a decade ago when an ounce of platinum bought you more than 5 ounces of palladium, it now buys you about 0.6 ounces.

Platinum and Palladium occur in three regions of the world: southern Africa, Siberia, and, in more minute amounts, the U.S. and Canada. These platinum group metals crop up in the same deposits, so it’s contiguous to infeasible to engender platinum without getting some palladium, and vice versa

David Fickling designates that, “At current levels, miners don’t have much incentive to dig up more of the metal’s mazuma-losing cousin, platinum, which crops up in the same deposits.” Not much of the Palladium present for the long run.

Peter Sainsbury verbalized that the Stockpiles of palladium in Russia have been a consequential source of supply in recent years. However, the amount of metal held in the form of stockpiles is a secret so there is dubiousness over the exact amount of metal held. It is estimated that the mine may be reaching ½ to a ¾ way of its stockpiles and it is dubious that the deposit will hold the future in the long run.

Africa reaches ¾ way of its mining and it is believed that not much left of the deposit is available for the long run as the mine has already reached the target depth which is 2 kilometers and now transcending the line to probe for Platinum and Palladium beneath.

The prices of Palladium has gone up beating many precious metals in the history within a couple of weeks and has reached $1,344.41 a troy ounce Wednesday, 16 January 2019, still the price isn’t enough if people celebrate the prices will depreciate as there is not much supply to meet the ordinant dictation.

David Fickling further betokens that “At some point over the next decade — when electric cars start to solemnly victual into gasoline’s market share, and those massive Russian projects come on stream — palladium’s time in the sun is going to culminate. Right now, though, it’s still gleaming.” The desideratum for a PGM mine to commence operation afore much of the PGM products goes down is very consequential at this time for PGM consumers.

For a mine that holds the only deposit of Platinum and less Palladium, it has a very high risk of making less profit and this quandary will be a problem for the Platinum mining companies.

It is clearly a need for a PGM mine that holds enough Palladium to commence preparation for mining to extract both Platinum and Palladium predicated on the exploration results to victual the growing demand.

But there is only 3 regions in the world that have the potential to commence a new PGM  mine and if not many deposits are found in the 3 regions, there has to be somewhere else in the world to find economical deposits for mining.  

Papua New Guinea is the ideal place to probe for PGM as much of the test results done by Papua New Guineans indicated some potentials areas that have potential PGM.

Several local grassroots studies have been done to document the PGM covering about 4 hectares in Maramuni, especially at Kuimas.

From the studies, it is denoted that Kuimas has the potential in the future to host the first world’s Platinum and Palladium mine in the South Pacific.

 

Looking for potential buyers who can be based in the village to constantly buy 3 to 5 kilograms per 3 weeks.

We are looking for buyers all over the world to buy our product base on the current world market price and the partner has to be based in Village in Papua New Guinea to only buy from us.

For those who have interest to buy Gold, Papua New Guinea, an inland country north of Australia, is the ideal place to search.
We have Gold from Maramuni, a place well known for having most of the high grade gold (87%purity to 90%), alluvial gold.

The location is very ideal for gold and platinum: Maramuni is located amongst the most well-known mining such as Mt Kare and Porgera Gold mine few kilometres , Freada River Mining few kilometres West, and many other alluvial activates around the areas with exploration work still going on indicating huge interest from the developers which reflects potential minerals in the areas.

We are looking for potential partners and the partner has to satisfy the two very simple thing:
A. We are local alluvial gold producers throughout Maramuni and looking for potential buyers who can be based in the village to buy the products.
B. We prefer to have those who would like to buy on the daily current world market price.
We guarantee 3-5 kilogram to be available after 3 weeks for sale to our partner. Our Partner will benefit from this and even can buy lot more depending on the number of people who will be involved and also depending on how much longer the people will work per day. For the people to work longer and produce more gold, it depending on the two very important attraction factor: Gold to be bought at world market price at the time of sales and partner must be based in the village to buy gold. If the partner would like to increase the production by introducing small machines to the local miners is up to partner to decide depending on how much gold the partner wants and how much the people would like to sell per week or two.

We have representative in Port Moresby, capital of Papua New Guinea, and also people on the ground to provide support that may be needed. All our local leaders are involved in organizing the people and prepare to work with the partners.

Security is guaranteed: the local leaders with the people who will provide gold will be supportive and provide security. The people are very friendly, welcoming, caring, sharing and loving, and security issues is not a very big deal as the village surrounded by few number of people who know each other very well. The partner will be treated as part of the community in the village.

We have good relationship with Missionary Aviation Fellowship (MAF), the aviation company that provide air transport throughout Maramuni. They are very experience to fly and can fly at any time of the day. They make at least 1 fight per week. The flights depends on the passengers: if there are more than 4-5 passengers, they come in for collections from 3 to 4 various airstrips–this means for a week, more than 2 flight can be made. MAF have their representative in the village who make contact with the MAF main officer at Mt Hagen, capital of western highlands that share provincial boundary with Enga, through two way radio. MAF officers on the ground often update Mt Hagen office to pick up passengers when enough passengers are available. MAF also collect passengers from East Sepik province, a province sharing provincial boundary with Enga Province towards the north, before collecting few from various Maramuni airstrips. MAF charter service is very cheap and it is 4000 Papua New Guinea kina which is equivalent to about 900 US dollars. The price for per passenger is 420 PNG kina which is almost equivalent to 100 US Dollar.

At presents we have about 3 Kilogram of Gold and still some more to come from those who have not bring in their collections.  The meed at present for the local gold producers in the village is a permanent and stable gold buyer.

Interested partners will have long lasting benefit from the products. This collection is from the last 3 weeks of this November and December 2018. Every after 3 weeks, the Gold are taken way to main centres or provinces such as Mt Hagen or Wabga, capital of Enga province, to be sold when there is no buyer in the village.

We look forward to hear from you.
For more information and those who are interested, contact us on phone +67571608010 or drop us an email on sarurutona@gmail.com
Thank you

 

PNG has a potential for a new Platinum mine to replace the two largest supplier, Russia and Africa, that will deplete in the future.

Africa and Russia are the world’s supplier of Platinum or Platinum Group Metals (pgm). Other countries and companies supply pgm but does not get much glimpse of the scales. Vale and Sibanye-Stillwater are not the major player for Pt supply, which means there is only three companies that are major player of Pt supply from Africa and Russian.
The current trend where Pt and Palladium (Pd) supply is heading in the future when the supply from Africa and Russia cuts down, it requires a platinum mine that has enough ore resources ( both indicated and inferred) to face the challenge ahead.
The current demand of Pt and Pd concentred from auto and industrial sectors. As the global emission stands tighten, the demand of Pd stand high as the consumption for auto-catalysts of Pd advance in place of Diesels, (Proactiveinvestors, 2018).
According to supniknews.come, “Palladium close to 70 percent of demand is driven by the automotive market, according to CPM Group, a New York-based commodities research firm. And with car sales remaining steady despite fears of a decline in many other industries, investors are expecting palladium’s climb to continue over the short to medium term.”
The market has a very positive fundamental outlook,” Maxwell Gold, director of investment strategy at Scotland-based investment firm Aberdeen Standard Investments told Bloomberg. “We’ve been dealing with supply deficits going on eight years, and that’s expected to continue. Supply has certainly been an issue on the mining front as well as the draw-down of existing stockpiles,” he add
(Proactiveinvestors, 2018) further added that, what will drive the Pt demand in 2019 is Pt substitute Pd for catalytic converters. As the production of Pt and Pd in South Africa is threaten by the strength of the rand-dollar exchange and global stockpiles falling to lowest levels since 2016, supply may tighten to drive pgm through 2018.
supniknews.come highlighted that, “With palladium prices climbing above those of its sister-metal, platinum (which closed at $843 per ounce on Friday), investors say its possible that platinum may replace palladium in many automotive and industrial applications.”
It is an indication that Platinum demand may pick up again in the future and the question about supplying the demand will still remain unanswered unless there is a mine to support to the demand of supply.
From estimated 350 million Oz at Kerensky reef, from 2km, half of it was mined, (Johnson Mattey , 2018). It is assuming that from another 1 km 200 million Oz present. However, the mine is at the current stage at more than 2 Km—there is not much left for mining. This could be the part of the reason why, Africa has impose a 5 percent tax this year (2018) on export of platinum concentrates in 2019 apart from the reason to bid to encourage local processing of the metal.

World Platinum Investment Counsel (WPLC) made an initiative in 2016 by signing an agreement with Volcambia to make available Pt bars and coins for global retail marketing focusing mainly on US retail market, (WPLC Press Release, 2016). At the current time where platinum supply is falling but is at somewhat slowly declining rate from the two mine (Africa and Russian), US retail marketing is still facing problems accessing Pt bars and coins. This indicated a need for a new platinum and Palladium mine in the world to supply US retail market and feed other supply gaps of the two precious metals as well in the world.
It will also require a platinum mine to substitute the two mine when stockpile of the two mine continue to fall and come to zero. It is possible that it may affect the auto Moto industries and other industries.
(KAROMBO, 2018) mentioned that Zimplats is trying build a new Pt mine to replace the two depleting. The ore reserve of the new proposed mine that will be built has to support the business ideas. However, it is uncertain whether the reserves will meet the demand of Pt and Pd or not as the figures were not display when the comments was made—the comments was made with the aim of exploring for new economical deposit. The current trend where Pt and Pd Production falling short in percentage from the two mine being depleting, a new mine in anywhere of the world will be at the better position in the future by 2021 the supply the demand.
Base on the current trend where new precious metals are discovered every month or year in Papua New Guinea, the country has the potential to host a platinum and Palladium mine in the world to replace the two depleting mine to supply the demand for both Metals.
Local Papua New Guineas, especially from Maramuni of Enga Province has advertised on their web site (Kuimas Minerals Company Limited) the precious metals (Platinum and Palladium) they discovered on their land which their aim of advertising is to bring in investors that can work closely with the people peacefully.

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Reference to the above quotes
Brewer, R. G. (2017, January Wednesday). Platinum Investment. Retrieved from The Moley Fool: https://www.fool.com/investing/2018/01/31/top-platinum-investments-to-consider-now.aspx
Johnson Mattey . (2018).
KAROMBO, T. (2018, JANUARY 26). Business Report. Retrieved from International: https://www.iol.co.za/business-report/international/zim-excess-ore-to-be-processed-in-2018-promises-anglo-platinum-12947199
Proactiveinvestors. (2018, February Sunday). Today’s market view. Retrieved from proactiveinvestors.com:http://www.proactiveinvestors.co.uk/columns/sp-angel/29329/today-s-market-view-the-us-and-china-continue-to-lead-synchronised-global-growth-in-commodity-consumption-29329.html
WPLC Press Release. (2016, November 05). News. Retrieved from Coin Word: https://www.coinworld.com/news/precious-metals/2016/05/agreement-expands-platinum-investment-opportunities.html#

Special Place for minerals: One this to Consider in PNG–PNG is the Island of unexpected.

One this to Consider in PNG–PNG is the Island of unexpected

Papua New Guinea is the place many think its so difficulties to live as it contain diverse Culture, Biodiversity and Language groups, but for those many who are explorers and miners, it is the place they loved so much to explore for minerals, oil and Gas. Explorers love to explore as the minerals they search for is just as diverse as the country’s Culture, Biodiversity and language. The search team will not miss out to find clues of the minerals and eventually will lead to finding its potential deposit.

As the saying goes “PNG is the Island of unexpected”—meaning that you expect the things that you do not expect, and this applies to the people, weather or climate, plants, animals and the soil and rock beneath the earth as well. Below the earth, it is changes every minute, hours, weeks and months and years—the top part of the earth goes down and the bottom comes up. As a result, many new things from beneath are coming up through this fast process.

You can look for one clue at one sport and find nothing but when you return to the same sport for the second time, you will be very excited to see the huge difference with your findings. This defines to true meaning of the saying.

The unexpected land is offered to the unexpected people by the heavenly father above, and this unique thing done is embraced in the country national’s anthem. Just as the land is offered to people for free, the minerals there is for free for them. As those minerals are there for free for them, it brings the infrastructure, a thing that is belong to the foreign nations who are developed, to the people of Papua New Guinea. In the name of what is given to them for free, they can see the changes their ancestors have not seen; this shows that the nature has its ways to balance the equation.

One thing that the investors and the explorers can be reminded of is, there is no end to those free surplus minerals found in Papua New Guinea—a search is carried out according to background study done and the researchers will not miss to find a deposit. However, they must review their background search to re-enter the place to find what is left there for them after the nature take its course to changes the land beneath.

As the result the changes, Platinum Group Metals (PGM), which is not expected to found in PNG for many, will not be missed out to be found from the search from within Maramuni area. Expect PGM in from the search in Maramuni, and Gold and other minerals that are named in world will not me missed out from the list of findings. There is only one specific place in Maramuni that host the huge minerals deposit, and its up to the researcher or explorers to find out. Local people can be consulted to find out more about the potential mineral deposit in Maramuni, or  google is right in form of you to find out.

Few minority of the investors think that the rough mountains can be the problem, which will be very costly to carry out search for minerals, but after the finding, the economic viability of the mine will be much higher than the rough mountains and the long ridge. Thus, the mountains and the ridge will be considered not a problem after all the search.

One thing to look for: Maramuni Platinum

Beautiful Papua New Guinea, an island of Mineral floating on the sea of oil and breathing the Natural Liquefied gas from Hela.

The Island has some of the world’s largest multi-billion dollars Oil, Gas and Minerals Project, yet many parts of the small Papua New Guinea is still yet to be discovered. From those may undiscovered places, some of the world’s minerals is hoping to be discovered.

True richness of the small island is truly defined when the list of the projects is too many. From the verities of many mineral project, except for one project and that is, PNG do not have an existing Platinum, Palladium, Osmium or Platinum Group Metal (PGM) project of its own. However, from those areas that are not discovered, PNG is hoping to have one.

The only area that is not discovered and is known for having pure giant Platinum is Maramuni. Platinum of Maramuni is yet to be compared with the world’s big and pure platinum nuggets. When PGM of Maramuni is compared with the world, Maramuni will host the world leading best PGM in term of grade or purity, and its quantity.

The possible reason being Maramuni is the only place in PNG where Platinum is found in large number and quantity could be that,  Maramuni is between April Ultramafic complex from North and Marum Ophiolite from the south, (HARRIS, 2003). To the North of Maramuni is also located the most complete Central ophiolite, (Monnier et at. 200) and fragment of it extend to North Cost of New Guinea, Cyclops Ophiolite (HARRIS, 2003).

Existence of platinum metal in the ultramafic in Maramuni especially in Kuimas as discovered and recorded by D.B.DOW, 1977 is the exceptional relations to relate the occurrence of metals to the geological environment surrounding Maramuni and Kuimas. There is one factor shared for occurrence of metals Copper-Gold-Silver (Cu-Au-Ag) deposits in Papua New Guinea and is to date mined at the same age is Woodlark Island (D.B.DOW, 1977) where magmatism from the Maramuni Event extends from North of Kuimas in Maramuni,  Indonesia, to Wau in Morobe province and extended towards Woodlark Island, (Sheppard S and Cranfield LC, 2012).

PNG is yet to discover its full minerals potential and Maramuni is one of the areas platinum can be mined.

 By Stanley Aruru