Platinum Investing News» african

Pan African Phoenix Project Increased Reserves to 469 000 oz.

Mike Rodger — Fri, 28 May 2010 04:18:50 +0000

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 [...]

NUM has demanded 15% pay hike for Anglo Platinum Workers

Melissa Pistilli — Fri, 12 Jun 2009 18:09:24 +0000

South African mineworkers at Anglo Platinum are demanding a 15 per cent pay surge from the world’s leading producer of the precious metal. For full story, click here

Impala Platinum must increase pay by 20%

Melissa Pistilli — Tue, 09 Jun 2009 17:50:53 +0000

Impala Platinum must increase pay by 20%, the world’s second-leading producer of the metal, was asked by a mining union representing about half its South African workers to raise pay by 20 percent. For full story, click here

Pan African Resource has set to purchase major platinum project

Melissa Pistilli — Thu, 28 May 2009 19:21:46 +0000

Pan African Resources has set to purchase the 600,000 oz pgm Phoenix Platinum tailings treatment project in South Africa for R71 million. For full story, click here

Anglo Platinum has cut mine price by 28% on slowdown

Melissa Pistilli — Fri, 15 May 2009 16:00:45 +0000

Anglo Platinum Ltd., the world’s leading producer of the metal, cut the price of a stake in a South African mine by 28 percent after commodity prices plunged. For full story, click here

South African Platinum Mine was hit by stoppage after death

Melissa Pistilli — Fri, 15 May 2009 15:56:23 +0000

Some 3,000 workers at a South African platinum mine owned jointly by African Rainbow Minerals and Anglo Platinum, boycotted work on Thursday to protest over a colleague’s death. For full story, click here

CAMEC provided upbeat on progress at Bokai platinum project

Melissa Pistilli — Tue, 28 Apr 2009 18:26:32 +0000

Central African Mining and Exploration Company Plc. declared that progress to date at its Todal joint venture’s Bokai platinum project in Zimbabwe has been exceptional. For full story, click here

Platinum miner Lonmin reported boost in quartely production

Melissa Pistilli — Mon, 27 Apr 2009 18:48:07 +0000

South African platinum miner Lonmin has surged its quarterly production and refinanced much of its near-term debt, in a sign that it is beginning to reap benefits from a radical restructuring programme commenced last year after demand for the precious metal plummeted. For full story, click here

Platinum developer WeSizwe scoops ZAR 550m financing

Melissa Pistilli — Wed, 01 Apr 2009 20:16:05 +0000

WeSizwe, an advanced stage South African platinum group metals stock, declared that a ZAR 550m three year equity standby distribution facility with a division of Jersey City, NJ. For full story, click here

SAfrican Platfields plans to push on with delayed listing

Melissa Pistilli — Thu, 12 Mar 2009 16:47:20 +0000

South African precious metals exploration and mining firm Platfields announced that the company still plans to list in Johannesburg, despite missing its initial target of last October partly due to the global crisis. Chief Executive Officer Bongani Mbindwane, said: We believe it would have been foolhardy to have pressed ahead with a listing at the [...]