Nkwe resumes trading as DMR awards Eerste Geluk right to Roka Phasa

Emerging platinum group metals (PGMs) exploration and development company Nkwe Platinum resumed share trading on the ASX on Thursday after it regained its 64% interest rights to the farm Eerste Geluk in South Africa. This comes after the...

Nkwe Platinum shares remain suspended on ASX

Trading in the shares of junior mining company Nkwe Platinum remains suspended on the ASX, because of “perceived uncertainty” regarding its South African assets. The company said earlier this month that it would resume trading on January 17,...

Concourt throws cat among prospecting right pigeons

The Promotion of Administrative Justice Act (PAJA) may be insufficient to shield South African mining companies from the impact of this week’s far-reaching Constitutional Court (Concourt) judgement, which has thrown yet another cat among the...

Xstrata to decide on SA project before year-end – Nkwe

ASX-listed platinum developer Nkwe Platinum, which plans to also list on the JSE, expects diversified miner Xstrata to make an investment decision on the Garatau project, in South Africa, during the fourth quarter of this year. Speaking at the...

IGC, Nkwe sign formal agreement for A$60m Tubatse deal

ASX-listed International Goldfields (IGC) has signed a formal asset sale agreement with fellow listed junior Nkwe Platinum to sell its 15% stake in South Africa’s Tubatse project for A$60-million. The companies announced in June that Nkwe would...

Million-ounce mark still unwavering at platinum project

Platinum producer Nkwe Platinum reports that it remains on track to achieve its long-term target of producing one-million platinum-group metals (PGMs) ounces yearly.

Nkwe boosts resource base at SA platinum project

ASX-listed platinum producer Nkwe Platinum on Friday reported that its flagship Tubatse-Garatau project, in the Bushveld complex, now boasted a 68,9-million ounce joint ore reserve committee resource, including a 4,5-million ounce measured...

Nkwe buys IGE’s 15% stake in Tubatse platinum project

Australian platinum exploration company International Goldfields (IGC) would sell its 15% stake in the Tubatse project, in South Africa, to junior company Nkwe Platinum for A$60-million, it announced on Tuesday. IGE and Nkwe had an option...

IGC finalises merger terms with Nkwe Platinum

Australian platinum exploration company International Goldfields (IGC) has finalised its terms for the proposed merger with emerging platinum producer Nkwe Platinum. In 2008, Nkwe Platinum signed an option for the exclusive rights to negotiate a...

International Goldfields appoints Grant Thornton to value SA platinum stake

Advisory firm Grant Thornton has been appointed by Australian resources company International Goldfields (IGC) to provide an independent valuation of its 15% holdings in three platinum-rich farms in the South African Bushveld Complex. The three...

Daily podcast – August 7, 2008

In today's podcast: the aggregate of the combined economies of the 53 countries in Africa collectively represent the fifth largest economy in the world, the national stayaway organised by Cosatuias likely to aggravate the slowdown in the economy...

Xstrata takes option on Nkwe-Genorah platinum prospects

Diversified mining giant Xstrata has signed a binding heads of agreement with mineral resource company Genorah Resources, and its platinum mining subsidiary, Nkwe Platinum, granting Xstrata the option to acquire a maximum of 50% interest in five...