Mining Weekly reported Impala Platinum (JSE:IMP) announced that its Zimplats subsidiary will invest a significant amount of funds in a third expansion.
North Bay Resources Inc. (OTCBB:NBRI) announced it has signed a memorandum of understanding for a joint-venture on North Bay's Fraser River platinum project.
Reuters reports a South African mine workers union started a new round of talks at Impala Platinum (PINK:IMPUY) to head off a strike.
Barrick Gold has confirmed that it has dropped plans to develop the Sedibelo platinum project in South Africa. Not to worry. The story for the metal has only just begun.
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
Friday, November 4, 2011