Articles Tagged "project"

Pan African Phoenix Project Increased Reserves to 469 000 oz.

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 [...]

Chinese Group Takes Over Wesizwe Platinum

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 [...]

Wesizwe Platinum Signs $877M Deal with China for its Frischgewaagd-Ledig project

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 [...]

Platinum’s rebound puzzles analysts

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.

Eastmain: MegaTEM Project Drilling Underway

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

Eastmain: MegaTEM Project Drilling Underway

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