Mining Weekly reported that Maseve Investments, 74% owned by Platinum Group Metals (PTM), has signed a life-of-mine concentrate offtake agreement with Amplat’s subsidiary, Rustenburg Platinum Mines (RPM) for the Western Bushveld JV Project 1 mine.
Mining Weekly reported that Northam Platinum has made an agreement with the National Union of Mineworkers and work resumed at the Zondereinde mine on Tuesday.
Platinum Group Metals Ltd (TSX:PTM, NYSE MKT:PLG) has released its financial and operating results for the 2nd quarter ending February 28, 2013. The report shows the company’s cash as of the said date at $186.82 million, and it obtained credit approval for a $260million loan facility on December 6, as well as closed a $180 million financing on January 4.
Platinum Group Metals Ltd (TSX:PTM, NYSE MKT:PLG) announced that it has already filed a NI 43-101 technical report for its Waterberg Project which is situated in the northern part of the Bushveld Complex in SA.
Platinum Group Metals Ltd. (TSX:PTM, NYSE MKT:PLG) announced that it has been added to the S&P/TSX Global Mining Index starting March 18th, 2013.
Reuters reported that after the Federal Open Market Committee minutes were released, which showed it may need to put on hold buying assets before the job market improves, platinum group metals dipped.
Reuters reported that platinum fell .6% on growing fear of a possible economic recession in the Euro zone.
Platinum Group Metals (TSX:PTM, NYSE MKT:PLG) announced that their project team has intercepted a mineralized layer along two section lines east and up-dip of the Waterberg project. Tests will be conducted on these layers and if confirmed to be the F mineralization, it would expand the northern section line on the deposit by about 750 meters with a depth of 280 meters.
Mining Weekly reported that Vancouver-based mining company, Platinum Group Metals (PTM) announced its updated ten-million ounce inferred mineral resource estimate for platinum and other metals for the Waterberg joint venture property, which it owns in partnership with Japan Oil, Gas and Metals National Corporation (Jogmec).
Platinum Group Metals Ltd. ((TSX:PTM) has announced the closing of its public offering of common shares, with a total of 225,000,000 issued shares at C$0.80 per share and a gross proceeds of C$180,000,000.
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