PTM and Wesizwe Studying Potential Platinum Synergies
Mining Weekly reports Platinum Group Metals (TSE:PTM) and Wesizwe Platinum (JNB:WEZ) have started a joint study to determine the benefits of joining their properties.
Mining Weekly reports Platinum Group Metals (TSE:PTM) and Wesizwe Platinum (JNB:WEZ) have started a joint study to determine the benefits of joining their properties.
Bloomberg reports that Platinum Group Metals Ltd. (TSE:PTM), a Canadian mining company, said it’s begun developing a mine in northern South Africa with first production scheduled to start in 2013.
Benton Resources Corp (CVE:BTC) and Platinum Group Metals Ltd. (TSE:PTM) (AMEX:PLG), based in Vancouver, BC and Johannesburg South Africa, have signed a binding agreement granting PTM the exclusive right to earn up to a 75% interest in Benton's Bark Lake platinum-palladium project.
Platinum is following the recent base metal trend, a round of selling, as fears about the health of the US economy were reignited by the Lehman Bankruptcy. Oil, base metals such as copper, European equities, and U.S. stock futures all slipped sharply on the news.
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