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 Wesizwe Platinum Ltd. (JNB:WEZ) may possibly consolidate with mines adjacent to its South African project.
Mining Weekly reports the shares of Wesizwe Platinum (PINK:WSZWF) rose on Wednesday despite the company’s widening loss in the 12 months to December 31.
Reuters Africa reports shares in Wesizwe Platinum (PINK:WSZWF) fell more than 2 percent after the South African miner says it expects its full-year loss to widen to up to 10 cents.
Bloomberg reports on South African companies whose stock is likely to rise or fall soon.
Mineweb.com reports that Wesizwe Platinum’s shares rose on news that it has completed $877 million financing package for a major project. The editorial is quoted as saying: Wesizwe said JNMC and CADfund would also secure $650 million in debt for the company and commit to provide any additional funding required to complete the project. Wesizwe’s output [...]
In Tokyo, Spot platinum fell more than three percent on Monday on renewed concerns about demand for the metal. The cash price stood at $1,421.50/$1,441.50 per ounce, compared to late New York levels of $1,474.50/1,494.50.
Wednesday, August 3, 2011