Contract documentation for Mareesburg platinum project completed

Contract documentation for platinum miner Eastern Platinum’s Mareesburg platinum-group metals project, in Limpopo, has been completed and tenders have closed, reports consulting engineering firm UWP Consulting.

Eastplats reports a loss as shares lose more ground

Shares in miner Eastern Platinum (Eastplats) fell to their lowest level since October 2009 on Monday, after the company reported a $7.9-million loss for the June quarter, having posted a $3.5-million profit in the same three-month period last...

Eastplats falls on share offering

Shares in Eastern Platinum declined 8,6% in Toronto on Tuesday, after the company said it would sell 195-million shares at an 11% discount to the company's share price before trading was halted on Monday afternoon. The company said on Monday it...

Eastplats PGM output up 26% in Q3

Platinum-miner Eastern Platinum produced 37 798 oz of platinum-group metals (PGMs) in the third quarter from its Crocodile River mine, in South Africa, a new record for the company and an increase of 26% year-on-year. Output benefited from a 22%...

Mining group capitalises 
on Africa’s mining projects

Mining processing group DRA Mining acknowledges that Africa is currently experiencing an increase in mining activities as more territories on the continent open up for exploration.

'Fundamental shortage' of rough diamonds to underpin prices,
says Harry Winston

Rough diamond prices will continue strong, and increase further, as supply loses ground to global demand, Harry Winston Diamonds CEO Bob Gannicott said last week.

'Fundamental shortage' of rough diamonds to underpin prices – Harry Winston

Rough diamond prices will continue strong, and increase further, as supply battles to keep up with demand, Harry Winston Diamonds CEO Bob Gannicott said on Thursday. Harry Winston owns 40% of the Diavik diamond mine in Canada, and also sells...

Shanduka takes control of Incwala in R2,8bn deal

Black-owned and controlled investment holding company Shanduka announced on Monday that it would acquire a majority stake of 50,03% in Lonmin's empowerment partner Incwala Resources in a R2,8-billion transaction. Incwala holds an 18% interest in...

Great Basin, Eastplats to be added to S&P/TSX global mining index

Platinum junior miner Eastern Platinum (Eastplats) and gold miner Great Basin Gold (GBG) reported on Wednesday that they would be included in the Standard and Poor's Canadian global mining index (S&P/TSX) at market open on March 22. GBG would...

Eastplats reports record Q4 output at Crocodile River

TSX-, Aim- and JSE-listed junior miner Eastern Platinum’s (Eastplats’) Crocodile River Mine (CRM), in South Africa’s North West province, has recorded a quarterly production record of 34 000 platinum-group metal (PGM) ounces, in the fourth...

Daily podcast – January 13, 2010

Eastern Platinum restarts the Crocette mine development at its Crocodile River Mine; and Eldorado Gold receives approval to reopen the White Mountain mine, in Jilin province, China.

Eastplats restarts Crocette development

Junior miner Eastern Platinum (Eastplats) has restarted the Crocette mine development at its Crocodile River Mine (CRM) in South Africa, after platinum group-metal (PGM) prices improved, CEO Ian Rozier said on Tuesday. The TSX-, Aim- and...