Citinickel Mines and Development Corp. has denied an earlier claim of its rival Platinum Group Metals Corp. that the Supreme Court has decided with finality the validity of Platinum’s operating agreement with Oriental Mineral Resources Corp., Citinickel’s parent firm. For full story, click here
ARM business development director Dan Simelane announced that the company is particularly interested in Zimbabwe’s vast platinum resources. For full story, click here
Beartooth Platinum Corporation reported an update on its financial position and proposed business combination with Kria Resources. For company’s website, click here For full story, click here
Sylvania Resources released its interim results to December 2008. Despite production of 12,236oz 3PGE+Au being above the 9,977oz produced in the prior six months, the company reported a small net loss for the period due to dwindling platinum prices. For full story, click here
Wednesday, June 24, 2009