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 [...]
Continue reading "Pan African Phoenix Project Increased Reserves to 469 000 oz."
Wednesday, May 26, 2010
South African platinum explorer, Wesizwe Platinum Limited (Wesizwe), has agreed to be taken over by Jinchuan Group Ltd. and China-Africa Development Fund for $878 so that it can pay for its Frischgewaagd-Ledig project in South Africa. Michael Solomon, chief executive officer of Wesizwe is quoted saying: “The agreement will provide Wesizwe with the financial muscle [...]
Continue reading "Chinese Group Takes Over Wesizwe Platinum"
Tuesday, May 25, 2010
Johannesburg-listed platinum developer, Wesizwe Platinum Limited has announced that Jinchuan, China’s No 1 miner of nickel, and also platinum group metals (PGMs) including China Africa Development Fund, (CADFund) has signed a USD 877m agreement for a “total financing solution” in its Frischgewaagd-Ledig project, near the well known Sun City resort north of Pretoria. Wesizwe Platinum [...]
Thursday, May 28, 2009
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
Continue reading "Pan African Resource has set to purchase major platinum project"
Tuesday, February 10, 2009
Platinum has bounced more than 30 percent since plunging to a five-year low of approximately $732 an ounce in October. This ascent is occurring despite the absence of physical buying from the industrial sector. This rebound, without appropriate technical recovery is puzzling analysts.
Continue reading "Platinum’s rebound puzzles analysts"
Friday, January 30, 2009
The king of Africa’s richest indigenous tribe, the Royal Bafokeng Nation (RBN) Kgosi Leruo Molotlegi, said he is pleased with the employment opportunities and other economic benefits catalysed by the newly started Styldrift platinum mining project, in Limpopo. For full story, click here
Continue reading "New platinum mining project opens doors for community upliftment"
Thursday, January 1, 2009
Zimplats said it was making frantic efforts to secure funds for the finalisation of the Ngezi Phase One expansion project, which has a bearing on the company’s profitability. For full story, click here
Continue reading "Zimplats seeks funds to complete project"
Thursday, December 18, 2008
Eastmain Resources Inc. announces that drilling to test a priority airborne geophysical target is underway at its MEGATEM JV, a joint venture with Xstrata Copper Canada (“Xstrata”), located in the Normetal-Detour areas of the Abitibi Greenstone Belt in Ontario and Quebec. For full story, click here
Continue reading "Eastmain: MegaTEM Project Drilling Underway"
Thursday, December 18, 2008
Eastmain Resources Inc. announces that drilling to test a priority airborne geophysical target is underway at its MEGATEM JV, a joint venture with Xstrata Copper Canada (“Xstrata”), located in the Normetal-Detour areas of the Abitibi Greenstone Belt in Ontario and Quebec. For full story, click here
Continue reading "Eastmain: MegaTEM Project Drilling Underway"
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Thursday, May 27, 2010