Stillwater Mining Company (NYSE: SWC) and Marathon PGM Corporation (TSX: MAR) announced that they have entered into a definitive agreement pursuant to which Stillwater, by way of a plan of arrangement, will acquire all of the outstanding shares of Marathon PGM.
Quadra FNX Mining Ltd. (TSX:QUX) announced that on-going exploration at the Company’s 100% owned Victoria property in the Sudbury Basin, Ontario has expanded and added significant confidence to the Zone 4 sulphide mineralized system which was first discovered in May 2010, when hole FNX1190 intersected 1,367 feet of mineralization grading 1.3% Cu, 0.6% Ni and 2.2g/t TPM.
URSA Major Minerals Incorporated (TSE:UMJ) announced the appointment of Mr. Eric Loch as Vice President, Mine Operations and Projects.
Colossus Minerals Inc. (TSE:CSI) reports that the shareholders of its JV partner, COOMIGASP approved the transfer of the mineral rights related to Mining License DNPM Nr. 850.425/1990 from COOMIGASP to Serra Pelada Companhia de Desenvolvimento Minera. Colossus holds a 75% interest in SPC through its Brazilian subsidiary Colossus Geologia e Participações Ltda (“Colossus Brazil”). For complete [...]
On Tuesday, South Africa’s National Mineworkers Union reported workers may strike at Northam Platinum for higher wages.
Platinum prices hovered around US$1,530 per ounce again Monday. Stuck between US$1,500 and US$1,600 since mid-May, analysts are predicting demand for platinum – used in everything from cars, to computers and cell phones – could be heating up and prices could be on the rise.
On Monday, South African diversified miner African Rainbow Minerals (JNB:ARIM) reported a 26 percent drop in full-year headline earnings, hit by a strong rand and lower prices for iron ore and manganese.
CROWFLIGHT MINERALS INC. (TSE:CML) announced its production results for the month of July 2010 from the Bucko Lake Nickel Mine (Bucko) located in the Thompson Nickel Belt near Wabowden, Manitoba.
Ibtimes.com reported on Platinum, palladium to rise next year too:
Franconia Minerals Corporation (TSE:FRA) announced results from holes BL10-07 through BL 10-11 from the recently completed 2010 drilling program at the Birch Lake deposit in northern Minnesota.
Wednesday, September 8, 2010