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Company News

Platinum Opportunities Not Meeting Criteria, Sibanye Gold

According to Mining Weekly, Sibanye Gold (JSE:SGL) has already decided to abandon a number of platinum opportunities despite earlier stating its interest in the sector. CEO Neal Froneman said those projects "did not meet the required investment criteria."

PolyMet Mining Releases Q2 Financial Results

PolyMet Mining Releases Q2 Financial Results

PolyMet Mining Corp. (TSX:POM,NYSE MKT:PLM) reported its financial results for the second quarter and first half of 2014. The company owns a 100 percent interest in the NorthMet copper-nickel-precious metals ore-body and the nearby Erie Plant, both located in Minnesota.

Wellgreen Platinum Increases Platinum Recoveries by 35% for Wellgreen Project

Wellgreen Platinum Ltd. (TSXV:WG,OTCQX:WGPLF) announced results from metallurgical testwork at its Wellgreen project located in Canada's Yukon. The results are a second major milestone for Wellgreen and the completion of an updated preliminary economic assessment (PEA) for the project. The company is fully funded for its PEA and for the initiation of pre-feasibility level studies.

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Market News

Russian Consortium to Build $3 Billion Platinum Mine in Zimbabwe

Reuters reported that a consortium of Russian companies is planning to develop a platinum mine in Zimbabwe. The $3 billion project will target 250,000 ounces of annual production within three years, with Mines Minister Walter Chidhakwa stating that the project would have a mine life of 20 years.

Future of Platinum Uncertain, Analysts Say

In an article for the Mail and Guardian, Lisa Steyn notes varying opinions from mining companies and analysts as to the future of the platinum market.

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