New platinum reserves discovered in India

The Geological Survey of India (GSI) has discovered platinum group of elements and chromite reserves in the eastern Indian coastal province of Orissa. “Results of geological mapping and testing of samples from Dhenkanal district in Orissa have...

Mitsubishi buys 25% of Marathon PGM project

Billings, Montana-based palladium and platinum producer Stillwater Mining has agreed to sell a 25% stake in its Marathon project in Ontario to Mitsubishi for $94.6-million, including a commitment from the Japanese firm to meet the venture’s...

Pan African approves Barberton tailings project

JSE- and Aim-listed Pan African Resources is set to start the first phase of the R325-million Barberton Tailings Retreatment Project (BTRP) following an approval by the board on Wednesday. The commissioning of phase one was expected to start in...

Oliver pushes for Ring of Fire development

Canada's Natural Resources Minister Joe Oliver on Tuesday continued his crusade to cut down on environmental approval timelines for major projects, to encourage the potential C$92-billion in mining investment the government sees over the next ten...

Bauba resumes trading on the JSE, names acting CEO

Shares in platinum group metals development company Bauba Platinum resumed trading on the JSE on Tuesday, after it reached an agreement to raise R8-million in cash and secured a credit facility of R3-million. The cash investment would be made at...

Four mine control systems upgraded

Automation and control specialist company Systems Automation & Management (SAM) has upgraded the old instrumentation and control systems at several coal mines, as well as at a rapid load-out station, owned by global diversified miner Anglo...

RBH bemoans AngloPlat’s decision to ‘frustrate’ Implats offer for BRPM

The head of black-empowered Royal Bafokeng Holding (RBH) confirmed on Tuesday that Impala Platinum (Implats) had indeed been the bidder for the Bafokeng Rasimone Platinum Mine (BRPM) and said that he was disappointed that the AngloPlatinum had...

Zimplats posts $28m profit, output jumps 75%

Zimplats, a unit of South Africa's Impala Platinum, posted half-year after-tax profit of $28-million, compared with a $26-million loss in the comparative period, as production increased and metal prices improved. Zimplats increased 4E (platinum,...