Platinum Group Metals
May 1999 by William M. ClemPlatinum is only one of a group of related metals that are referred to as platinum group metals (PGMs), because platinum in its native state usually contains all six metals of the group along with some iron.
We are quite pleased to report there are some courageous miners who have taken the time to learn their rights and have gone back to dredging while knowing they could be unlawfully harassed at any time by law enforcement…
For over twenty years, Rahall has been introducing bills in an attempt to overhaul the 1872 Mining Law. On May 10, 2007, he introduced another bill, HR 2262, which would drastically change the laws governing mining if enacted. This time, his bill may have a chance.
World stock markets recovered from the brink of catastrophe to post sterling performances, based in large part on a one-half percent reduction in the Fed Funds rate enacted by the Federal Reserve Board.
Three European gold mining companies want the Bank of England to publicly state its activities in the gold and gold derivitatives markets. In a letter to the Financial Times, three small mining companies representing the majority of European gold production said since the start of the year, scores of reports about manipulation of the gold price had surfaced.
The mine site consists of river gravels from an ancient channel covering over 20 acres, and the place is covered with very large river rock and small tree overgrowth.
Uncle Sam, the not-so-silent partner of every miner, dredger and prospector is willing, using our tax laws, to help reduce out-of-pocket expenditures necessary to acquire business assets and property. In addition to the well-known depreciation deduction, however, the tax laws permit tax write-offs for other, less tangible business assets. The best time to explore and lock-in many of these overlooked and misunderstood deductions is now, well before the end of the tax year.
Commonly these layers contain small particles of gold and platinum, and in places where they are sufficiently concentrated, the metallic particles are abundant enough to be extracted profitably.
The Bawl Mill • Mining Law—A Short History • Industry Urges Restraint on Mining Reforms • Environmentalists Back FS on Mining Withdrawl • Our Readers Say • Open Letter to the BLM • Huge Nugget To Be Auctioned • Company Notes • Gold at Mercury Mines • The Lovitt Mine • Picks & Pans: "Eye-Balling" for Alaskan Gold • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices • Looking Back • Oil and Gas in Washington • As Millennium Nears, Copper No Longer King in Arizona