Platinum Investing News» platinum mining

Platinum Group Metals Discovers High Grade PGMs at Reef

Melissa West — Mon, 06 Feb 2012 21:33:47 +0000

Platinum Group Metals Ltd. (TSX:PTM,NYSE:PLG) reported grades of platinum, palladium and gold in new drill intercepts for the T2 reef in hole WB005.

18,000 Workers on Strike at Implats’ Rustenberg Mine

Melissa West — Wed, 01 Feb 2012 22:51:14 +0000

Reuters reported Impala Platinum (JSE:IMP) said on Wednesday that 18,000 workers are on strike at its Rustenberg mine.

Absa Sells All Implats Stakes on Falling Platinum Prices, Rising Costs

Melissa West — Wed, 01 Feb 2012 22:48:35 +0000

Bloomberg reported Absa Group Ltd. sold all its shares in Impala Platinum Holdings Ltd. (JSE:IMP) as platinum prices continue to fall and the outlook for South African mines is bleak.

Everest Platinum Mine Under Review After Strike and Stoppage

Melissa West — Tue, 31 Jan 2012 21:55:13 +0000

Bloomberg reported Aquarius Platinum Ltd. (ASX:AQP,LSE:AQP) is reviewing the Everest platinum mine after a two-week strike, safety stoppage and low prices have made the mine impractical.

Aquarius Platinum Warns South Africa’s Safety Stoppages Are Harming Market

Melissa West — Tue, 31 Jan 2012 21:46:17 +0000

Reuters reported Aquarius Platinum (ASX:AQP,LSE:AQP) has warned a South African drive to cut accidents is causing longer halts to production.

Two More Miners Die, National Union of Mineworkers Calls for Investigation

Melissa West — Mon, 30 Jan 2012 23:02:57 +0000

Mining Weekly reported two more miners died in South Africa over the weekend causing the Nation Union of Mineworkers to call for an investigation.

South Africa Inspecting Platinum Mine Safety Stops

Melissa West — Fri, 27 Jan 2012 21:53:21 +0000

Reuters reported South Africa's Chief Mine Inspector has set up a task team to review how and when platinum mines are shutdown due to safety concerns.

Platinum Rises Most Since February 2008

Melissa West — Fri, 27 Jan 2012 21:50:06 +0000

Reuters reported platinum rose the most since February 2008 after the Fed announced it expects interest rates to remain low keeping its loose monetary policy.

Platinum Mine Fees in Zimbabwe Set to Rise to $2.5 Million

Melissa West — Wed, 25 Jan 2012 22:08:54 +0000

Reuters reported Zimbabwe's $300 platinum mining fee will rise to $2.5 million to discourage the holding of speculative claims.

Cadillac Announces Platinum Drilling Results at Thierry Project

Melissa West — Wed, 25 Jan 2012 22:01:56 +0000

Cadillac Ventures Inc. (TSXV:CDC) announced results for holes on the K1-1 open pit project at its Thierry Mine property.