Swanepoel's Village bids for Lesego platinum, Metorex wants R750m for new copper growth, surface gold saves day for recovering DRDGold

Gold veteran Bernard Swanepoel is bidding for Lesego Platinum in Village Main's maiden foray into platinum. Swanepoel will join up with Phiway Mbuyazi, Roy Pitchford and Dorian Wrigley in this R411-million bid for control of Lesego, a company...

SA’s Lebowa platinum mine changes its name to Bokoni

JSE- and TSX-listed platinum company Anooraq Resources said on Thursday that the name of the Lebowa platinum mine, in South Africa’s Limpopo province, has been changed to the Bokoni platinum mine. The name was selected through a consultative...

Acquisition of platinum mine becomes effective

Platinum junior Anooraq Resources has acquired an effective 51% interest in the Lebowa platinum mine from primary platinum-group metals (PMGs) producer Anglo Platinum (Angloplat). The transaction became effective from July 1, 2009.

Anooraq-Angloplat Lebowa transaction concluded

Global platinum producer Anglo Platinum (Angloplat) has concluded the sale of an effective 51% share of the Lebowa platinum mine, in South Africa, to North American-listed Anooraq, after all the conditions precedent to the acquisition were...

Anooraq says Lebowa deal conditions to be met by month-end

Platinum junior Anooraq Resources announced on Wednesday that the last remaining conditions precedent of its acquisition of a 51% stake in the Lebowa platinum mine from platinum major Anglo Platinum (AngloPlat), would be fulfilled or waived by the...

AngloPlat, Anooraq unveil downscaled Lebowa deal, mining plan

The world’s leading platinum producer Anglo Platinum, which has been pursuing a black economic-empowerment (BEE) transaction with Pelawan and Anooraq for the Lebowa platinum mine, announced a downscaled deal and mining plan on Thursday, which...

Anooraq to conclude Angloplat negotiations ‘shortly’

Canadian junior Anooraq on Tuesday stated that discussions with platinum giant Anglo Platinum (Angloplat) regarding the purchase of a 51% interest in South Africa’s Lebowa platinum mine, was progressing well, and was expected to be concluded...

Anooraq says Angloplat transaction advanced

Platinum junior Anooraq Resources’ financing strategy to buy certain South African platinum assets from world-number producer Anglo Platinum (Angloplat) were at an advanced stage, the TSX- and JSE-listed company said on Thursday. Anooraq...

Anooraq says talks with Angloplat progressing ‘well’

JSE- and TSX-listed junior Anooraq Resources said that it was still engaged in talks with Anglo Platinum regarding the purchase of 51% of the Lebowa platinum mine, in South Africa, and hoped to conclude discussions by April 30. Anooraq said on...

Anooraq says talks with Angloplat, Pelawan still ongoing

Vancouver-based Anooraq Resources is engaged in ongoing discussions with majority shareholder Pelawan Investments and world-number-one platinum-miner Anglo Platinum, on the terms and financing for Anooraq's acquisition of certain South African...

Platinum junior Anooraq widens loss on increased exploration spend

TSX- and JSE-listed platinum junior Anooraq Resources on Monday said it spent some C$157 958 on exploration activities in South Africa in the nine months ended September 2008. This was a 21% increase on the C$103 508 the company spent in the same...

Anooraq, Angloplat delay empowerment transaction

TSX- and JSE-listed Anooraq Resources Corporation on Friday announced that it would delay the empowerment transaction with platinum producer Anglo Platinum. Anooraq is buying an effective 51% of the Lebowa platinum mine, and an effective 1%...