SOURCE: Plateau Mineral Development, Inc.

March 18, 2011 11:11 ET

Plateau Minerals Leverages Financing and Surety Anticipating Continuing Increase in Demand for Gold Bullion Caused by Mideast Unrest

NEW YORK, NY--(Marketwire - March 18, 2011) - Plateau Mineral Development, Inc ("Plateau Metals") (PINKSHEETS: PMDP) announced today it is preparing to increase its capacity in all operations to meet the rising world demand for 'physical gold' and other precious metals.

The continuing and widespread unrest in the Mideast and North Africa has been a driving force for investors, looking for a safe haven, to demand physical possession, mainly in the form of bullion. 

This demand positively affects all aspects of the Company's operations including shipping, refining, storage and surety, which operate on an international basis.

The Company's recent $60 million Formal Financial Guarantee and Commitment, together with the worldwide resources enable it to meet the expected growth across all its operations.

The Company had recently announced a substantial volume increase in its Purchase, Shipping Refining and Resale business and expects to make further growth announcements in the near future. 

The recent World Gold Council (WGC) Third Quarter Gold Market Outlook had reported increased 2010 worldwide demand across all sectors, including "jewellery, institutions including central banks, and a jump in industrial demand "on the back of renewed growth in the electronics industry, due to the majority of semi-conductors being wired by gold."

Reports worldwide for 2011 are even more favourable citing:

  • "Skyrocketing demand for gold in China" evidenced by imports of gold which are on track for a 500% annual increase.
  •  Chinese regulators have approved the first mutual fund to invest in gold-backed ETFs.
  • "Bar hoarding" is on the rise, too, increasing 44% over 2009 as investors increasingly take physical delivery of their merchandise,
  • Net retail investments continue to grow, keeping pace with last year's 60% increase
  • level of buying also driven by central banks, mostly in the Middle East and Asia
  • Russia absorbed a full 63% of its own 2009 production, Iran announced that it is converting $45 billion into a mix of euros and gold and a smaller (unnamed) Mideast nation has indicated that it is converting 200,000 barrels per day of oil production into gold, the annualized equivalent of 140 tons of gold yearly at the current oil-to-gold ratio.

About Plateau

Plateau Metals provides precious metal shipping, access to production, transaction underwriting, and related services. Plateau operates across the world through its agents and offers service to multiple jurisdictions. Plateau offers complete solutions to buyers and sellers of precious metals that include storage, shipping, and transaction underwriting and arbitrage.

Plateau also acquires, develops, integrates and operates strategically aligned precious metal assets in worldwide markets where expansion is planned through additional investments to support organic growth; thereby providing significant revenue, and equity growth.

The company's operations are distributed across multiple international time zones with executives and agents located in client-appropriate locales. The company's website is www.plateaumetals.com.

Safe Harbor Statement:

This information includes certain "forward-looking statements." The forward-looking statements reflect the beliefs, expectations, objectives and goals of the Company management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include but are not limited to commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. Matters discussed in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include but are not limited to risks and uncertainties associated with the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company. Forward-looking statements are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange Act of 1934, as amended.

Contact Information

  • CONTACT:
    Plateau Metals
    Investor Relations
    New York: 1.917.463.3364
    London: +(44) (0)20 337 17122
    Fax: +(44) (0)208 338 0655
    info@plateaumetals.com