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Eastern Platinum Jumps Over 120 Percent on Asset Sale

Those who noticed that Eastern Platinum's stock was halted Friday morning were not disappointed with the company's subsequent announcement. Eastplats initially jumped well over 100 percent on news that it is selling its South African platinum assets to Hebei Zhongbo Platinum.

Robert Friedland’s $1.6-billion Platinum Mine Gets Approval to Start Construction

Ivanhoe Mines and chairman Robert Friedland certainly received some welcome news Wednesday morning. Although the company made headlines last month due to controversy and delays surrounding its massive Platreef project, Ivanhoe has now received final approval for its mining right from South Africa's Department of Mineral Resources.