Sudbury Platinum Corp., a private subsidiary of Transition Metals Corp. (TSXV:XTM), has closed a non-brokered private placement with Royal Nickel Corp. (TSX:RNX) for gross proceeds of $1,500,000.
Platinum Company News Directory
Bloomberg reported that despite a 10-week strike at its South African operations, Anglo American Platinum Ltd. (OTCMKTS:AGPPY) still has enough platinum to supply its customers.
Transition Metals Corp. (TSXV:XTM) announced that it has started a 2,500-meter diamond drilling program at its Ontario-based Sunday Lake platinum discovery.
Mining Weekly reported yesterday that South Africa's Association of Mineworkers and Construction Union (AMCU) is prepared to keep striking for another six months at the operations of major miners Anglo American Platinum Ltd. (OTCMKTS:AGPPY), Lonmin plc (LSE:LMI) and Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY).
Ivanhoe Mines Ltd. (TSX:IVN) announced yesterday that it has received a positive preliminary economic assessment (PEA) for its Platreef project, which is located in South Africa's Bushveld Complex.
Reuters reported that Kgalema Motlanthe, deputy president of South Africa, will be meeting with unions and mining industry members on Thursday.
Yukon Gold Corporation Inc. (OTCMKTS:YGDC) announced that under an agreement with GlobalMin LLC and GlobalMin Guyana Inc., it will acquire the two companies' 77-percent interest in a platinum project controlled by GlobalMin Guyana.
Ivanhoe Mines Ltd. (TSX:IVN) announced that drilling at its South Africa-based Platreef project has intersected a "thick zone of high-grade mineralization." The zone is located in a new extension of the Flatreef platinum-palladium-nickel-copper-gold-rhodium discovery.
Wallbridge Mining Company Ltd. (TSX:WM) announced yesterday that its board of directors has approved the production decision for the company's Ontario-based Broken Hammer copper and platinum-group metals project.
Bloomberg reported that according to Simon Hudson-Peacock, a fund manager at Momentum Asset Management (Pty) Ltd., Anglo American Platinum Ltd. (OTCMKTS:AGPPY) will be able to supply its customers longer than Lonmin plc (LSE:LMI) and Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY).