Impala Platinum Holdings Ltd. (JNB:IMP) Zimbabwe unit posted a 15 percent increase in profit in its fiscal third quarter.
Continue reading "Impala Platinum Zimbabwe Unit Profit Jumps 15% on Metals Gain"
Thursday, April 14, 2011
Reuters Africa reports that foreign mining companies in Zimbabwe have been given six months to surrender 51 percent of their local equity to blacks in the country.
Continue reading "Zimbabwe’s mine ownership targets"
Tuesday, March 29, 2011
Reuters Africa reports shares in Wesizwe Platinum (PINK:WSZWF) fell more than 2 percent after the South African miner says it expects its full-year loss to widen to up to 10 cents.
Continue reading "STOCK NEWS AFRICA-Wesizwe Platinum drops, sees FY loss widening"
Thursday, March 24, 2011
Mining Weekly reports gold-mining junior Pan African Resources (LON:PAF) broke ground on its Phoenix platinum project in South Africa.
Continue reading "Pan African breaks ground on platinum project"
Thursday, March 3, 2011
Mining Weekly reported that increasing investment into Africa's mining sector will likely be led by China.
Continue reading "China to Lead New Investment Wave in Africa"
Monday, February 14, 2011
Mineweb reported that the economies of the east are converging with the west in a competitive-dependency which has implications for Africa and for companies wanting to access its mineral wealth.
Continue reading "For the First Time in World History Africa Looks Rich"
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 [...]
Continue reading "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 [...]
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 [...]
Continue reading "Chinese Group Takes Over Wesizwe Platinum"
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 [...]
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Friday, April 29, 2011