Platinum Investing News» africa

Impala Platinum Zimbabwe Unit Profit Jumps 15% on Metals Gain

Melissa West — Sat, 30 Apr 2011 03:18:37 +0000

Impala Platinum Holdings Ltd. (JNB:IMP) Zimbabwe unit posted a 15 percent increase in profit in its fiscal third quarter.

Zimbabwe’s mine ownership targets

Melissa West — Thu, 14 Apr 2011 16:32:30 +0000

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.

STOCK NEWS AFRICA-Wesizwe Platinum drops, sees FY loss widening

Melissa West — Tue, 29 Mar 2011 16:24:04 +0000

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.

Pan African breaks ground on platinum project

Melissa West — Thu, 24 Mar 2011 15:01:09 +0000

Mining Weekly reports gold-mining junior Pan African Resources (LON:PAF) broke ground on its Phoenix platinum project in South Africa.

China to Lead New Investment Wave in Africa

jessica — Thu, 03 Mar 2011 23:30:24 +0000

Mining Weekly reported that increasing investment into Africa's mining sector will likely be led by China.

For the First Time in World History Africa Looks Rich

jessica — Tue, 15 Feb 2011 00:02:22 +0000

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.

Nkwe Platinum Plans Dual List in HKEx

Reporter — Thu, 27 May 2010 23:52:16 +0000

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 [...]

SAfrica ANC Youth League President Pursues Mine Nationalisation in 2012

Reporter — Thu, 27 May 2010 02:34:57 +0000

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 [...]

Chinese Group Takes Over Wesizwe Platinum

Reporter — Thu, 27 May 2010 01:18:22 +0000

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 [...]

Wesizwe Platinum Signs $877M Deal with China for its Frischgewaagd-Ledig project

Reporter — Wed, 26 May 2010 01:01:10 +0000

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 [...]