Northern Shield Resources Inc. (TSXV:NRN) announced it has signed a letter of intent with Impala Platinum (LSE:IPLA) regarding for an option on Northern Shield's Idefix property.
Wallbridge Mining Company Limited (TSX:WM,FWB:WC7) announced its business plan for 2012.
Lesego Platinum Mining (JSE:VIL) announced Village intersected platinum group elements at 204m below the surface at the Merensky platinum reef.
Houston Lake Mining Inc. (CVE:HLM) reports on rare metals and platinum group elements projects with the objective of transitioning into production.
Northern Shield Resources Inc. (CVE:NRN) reports an update on exploration activities on the Wabassi property in Canada.
Mining Weekly reports that Jubilee Platinum (LON:JLP,PINK:JUBPF) has signed a memorandum of understanding for the acquisition of a company that treats near-surface chrome ore bodies containing platinum group elements and held certain mining and prospecting rights.
Platinum prices, already on the positive track, got a boost this week from declining greenback and the announcement of GM’s Bankruptcy. GM’s bankruptcy is by no means a positive for platinum, as the auto industry accounts for approximately half of global platinum demand; however, platinum’s price has been reflecting the impending bankruptcy for many weeks.
Monday, January 23, 2012