JOGMEC Confirms Platinum Reserves in South Africa
Platinum – Reuters reported that Japan Oil, Gas and Metals National Corp (JOGMEC) announced the discovery of 96 tons of platinum at the Waterberg region in South Africa.
Articles Tagged "platinum news"
Zondereinde Strike Continues Amid Interdict
Platinum – Mining Weekly reported that the strike at Northam Platinum’s Zondereinde mine has continued despite the Labour Court's issuance of an interdict to roughly 500 workers, which ruled that the work stoppage was unprotected.
Sable Acquires 4% Stake in Global Initiatives for $4 Million
Platinum – Mining Weekly reported that Sable Platinum has entered into an agreement to buy a 4% interest in Global Initiatives for the amount of $4 million. Moreover, the company has been given the option to acquire 22% additional interest in the company in increments of 6 percent, 5 percent and 11 percent.
Pacific North West Announces Positive River Valley PGM Project Results
Platinum – Pacific North West Capital Corp (TSX:PFN, OTCQX:PAWEF) announced that the drilling at the company’s River Valley PGM deposit showed positive metallurgical testwork results.
Platinum Group Metals Announces Q2 2013 Reports
Platinum – Platinum Group Metals Ltd (TSX:PTM, NYSE MKT:PLG) has released its financial and operating results for the 2nd quarter ending February 28, 2013. The report shows the company’s cash as of the said date at $186.82 million, and it obtained credit approval for a $260million loan facility on December 6, as well as closed a $180 million financing on January 4.
Northam Platinum Strike Continues
Platinum – Mining Weekly reported that approximately 500 rock drill operators at Northam Platinum’s Zondereinde mine who went on strike since April 4 have yet to return. The workers demand a 38% increase in their bonuses.
Northam Platinum Loses R46.2M Revenue in Zondereinde Strike
Platinum – Mining Weekly reported that Northam Platinum said it has lost R46.2 million in revenue due to rock drill operators refusing to go underground at its Zondereinde mine since April 2.
Platinum, Precious Metals Head Toward Bear Market as Investors Reduce Holdings
Platinum – Bloomberg reported that platinum futures for July delivery declined 1.6% as the global economy continue to improve, cutting the demand for haven assets.
Iledor Announces Closing of Acquisition of PGE Mining Properties
Platinum – Corporation Exploration Iledor (TSXV:ILE) announced the closing of the acquisition of a direct property interest from Bertrand Brassard of 37 mining claims in the Sterret property and 232 mining claims in the Coleraine property.
Spot Platinum Rises Amid Stronger Dollar
Platinum – Bloomberg reported that many precious metals are headed for their worst quarterly run as the dollar strengthened but spot platinum advanced 0.2% and is poised for a quarterly advance.
