Nortec Minerals Corp. is a Canadian company focused on mineral exploration and development in Finland, Canada and Ecuador.
Read the full article: "Nortec – mineral exploration and..."
Thursday, May 27, 2010
Mining junior, Pan African Resources PLC (AIM: PAF, JSE: PAN) has reported that its Phoenix platinum project reserves of platinum palladium, rhodium and gold, or four-element platinum-group metals (4E PGM) has been increased to 469 000 oz. Pan African CEO Jan Nelson is quoted saying: “In addition, the drilling program underpins the high quality of [...]
Read the full article: "Pan African Phoenix Project Increased..."
Thursday, May 27, 2010
Nkwe Platinum (ASX: NKP), South Africa-focused platinum junior, has announced its Hong Kong Stock Exchange (HKEx) dual list plan. Nkwe is quoted saying: “The board of Nkwe believes that a dual listing on the HKEx would provide Nkwe with higher levels of shareholder liquidity and increased exposure to Asian capital markets and strategic partners looking [...]
Read the full article: "Nkwe Platinum Plans Dual List in HKEx"
Wednesday, May 26, 2010
ANC Youth League president, Julius seeks nationalization of South African mines in 2012. This however, is worrying investors in Africa’s biggest economy — the world’s biggest platinum producer and the world’s number four gold producer. Malema is quoted saying: “I sit in the national executive committee… I know nationalization is on the agenda of the [...]
Read the full article: "SAfrica ANC Youth League President Pursues..."
Wednesday, May 26, 2010
South African platinum explorer, Wesizwe Platinum Limited (Wesizwe), has agreed to be taken over by Jinchuan Group Ltd. and China-Africa Development Fund for $878 so that it can pay for its Frischgewaagd-Ledig project in South Africa. Michael Solomon, chief executive officer of Wesizwe is quoted saying: “The agreement will provide Wesizwe with the financial muscle [...]
Read the full article: "Chinese Group Takes Over Wesizwe Platinum"
Wednesday, May 26, 2010
Colossus Minerals reports Mr. Luiz Carlos Celaro is hired as General Director of the Company’s Brazilian subsidiary Colossus Geologia e Participações Ltda. Mr. Celaro, a Brazilian citizen, has 35 years of in-country experience in engineering, construction, and mine management. Mr. Celaro worked for Vale S.A. for 9 years where he was involved in the development of several [...]
Read the full article: "Colossus Hires Luiz Carlos Celaro to Manage..."
Tuesday, May 25, 2010
Johannesburg-listed platinum developer, Wesizwe Platinum Limited has announced that Jinchuan, China’s No 1 miner of nickel, and also platinum group metals (PGMs) including China Africa Development Fund, (CADFund) has signed a USD 877m agreement for a “total financing solution” in its Frischgewaagd-Ledig project, near the well known Sun City resort north of Pretoria. Wesizwe Platinum [...]
Read the full article: "Wesizwe Platinum Signs $877M Deal with China..."
Tuesday, May 25, 2010
Impala Platinum Holdings Ltd (IMP:JNB), world’s second-largest platinum producer, held a meeting with labour union the National Union of Mineworkers (NUM) and confirmed that although there are still 34 miners on strike, production of platinum is not affected. Click here to access the entire news
Read the full article: "Implats’ Platinum Production Not..."
Monday, May 24, 2010
Lonmin Plc, the world’s third-biggest platinum producer, closes again for another 25-30 days because of its smelter failure. The company operates in South Africa. Analyst Charles Kernot at Evolution Securities is quoted saying: “Lonmin’s troubled smelter has failed yet again, further undermining the company’s outlook for the rest of this year.” Click here to access [...]
Read the full article: "Platinum Leader Lonmin Shuts Down Again"
Monday, May 24, 2010
Wesizwe Platinum Limited (Wesizwe), South African platinum junior mining company, has announced that it has signed an agreement with Chinese consortium to finance it with a R6,6-billion, or $877-million, debt and equity financing package that would fund the development of its flagship Frischgewaagd-Ledig project. Wesizwe CEO Michael Solomon confirmed that this transaction can bring in [...]
Read the full article: "Chinese Funds Wesizwe R6,6bn for Platinum..."
PlatinumInvestingNews.com maintains a focus on Platinum exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
The Platinum Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
Get our exclusive independent commentary on platinum trends and companies delivered to your inbox. Sign up to get exclusive access to our market catalysts a week before they are published online. Learn More »
Simply fill in your name and email to make better investment decisions.
Monday, May 31, 2010