Platinum Company News Directory

Wellgreen Platinum Still Aiming to Complete PEA in 2014

Wellgreen Platinum (TSXV:WG,OTCQX:WGPLF) provided an update on the progress of a preliminary economic assessment for its Wellgreen project, suggesting that it is still aiming to complete the study before the end of 2014. Wellgreen has completed a $9.1 million non-brokered equity financing. The placement was completed at a roughly 11 percent premium to the company's 10 day volume weighted average trading price.

Analysts Have Reservations Regarding Eastplats Sale

Though Eastern Platinum's (TSX:ELR) sale of its assets to Hebei Zhongbo Platinum last week was viewed as possible by many, some were hesitant regarding the deal, according to the Globe and Mail. According to the publication, the company suspended its Crocodile River platinum project last year, and South Africa's Business day put the headline "Strapped Eastplats throws in the towel," on the story.

NioCorp Completes Phase 2 Drilling, Begins Phase 3

NioCorp Developments (TSXV:NB,OTCQX:NIOBF) has completed its Phase II drilling and metallurgical programs. The company also announced the commencement of Phase !!! drilling, which will be drilled on southwest to northeast section lines through the resource.

Ivanhoe Announces Q3 Operational and Financial Results

Ivanhoe Mines (TSX:IVN) announced its financial and operational results for the three and nine months ended September 30 2014. Highlights from the quarter included the activation of a mining right for Ivanhoe's Platreef project. The company recorded a loss of $38.6 million for Q3.

Lonmin Still Feeling Losses From Platinum Strikes

Business Day Live reported that platinum producer Lonmin (LSE:LMI) is still feeling pain from South Africa's five month long mine worker strikes earlier this year. The company has lost about 391,000 ounces of platinum production this year because of the strikes.

Friedland’s Platreef Project Gets Final Approval for Development

After nearly a month of controversy surrounding protests by some community members against Ivanhoe Mines's (TSX:IVN) Platreef Project in South Africa, Ivanhoe announced today that the Department of Mineral Resources has given final approval for the mining right for the project. Site work has been idled at the project since May 26 pending final approval of the mining right. The company is now working quickly to continue construction at Platreef.