Eastplats widens loss, reports lower PGM sales

TSX-, Aim- and JSE-listed Eastern Platinum (Eastplats) on Monday reported a 4% fall in first-quarter platinum-group metal (PGM) sales and said it widened its loss to $8.9-million. Shares in the miner fell 7.35% to C$0.315 apiece in Toronto and...

Tharisa chromite and platinum expansion project, South Africa

Tharisa Minerals has secured a R1-billion debt facility for the expansion of its platinum-group metals and chrome mine.

Miner strikes silver, platinum and gold at heavy mineral project

Junior US mining exploration and development company Sunergy has received further analytical results on its West Africa heavy mineral sands project in Pampana, Sierra Leone, and has discovered potential economic quantities of silver, platinum and...

Sylvania to boost PGM output to 60 000 oz next year

Low-cost platinum-group metal (PGM) producer Sylvania Platinum, which remained on target to achieve 40 000 oz of PGM by the end of June, would increase its production to 60 000 oz in 2012, the ASX- and Aim-listed miner said on Wednesday. Sylvania...

Aquarius shuts shaft, mulls Zimbabwe listing, ups safety

Platinum miner Aquarius is closing the No 1 shaft at its Marikana platinum mine in North West province; it is considering a listing on the Zimbabwe stock exchange for its half-owned Mimosa mine; and it is implementing an advanced technology-backed...

Jubilee studies ConRoast furnace for Northam's Booysendal

Aim- and JSE-listed Jubilee Platinum has signed a memorandum of understanding (MoU) with fellow JSE-listed platinum-miner Northam to study the potential of constructing a new direct current arc furnace to treat a portion of platinum-group metal...

Village gets thumbs up to absorb Lesego Platinum, raise capital

Shareholders on Tuesday gave the JSE-listed Village Main Reef the thumbs up to acquire an anchor asset in Lesego Platinum and to raise capital for further acquisitions as needed. Shareholders at Village's annual general meeting approved the...

Village Main seeks to raise up to R200m for acquisitions

South African miner Village Main Reef was planning to raise between R150-million and R200-million, by way of an accelerated book build, to fund future acquisition opportunities, it announced on Monday. The company, which also informed...

Wesizwe gets R6,6bn Chinese funding for platinum mine

South African platinum junior Wesizwe on Monday announced that it had signed a deal with a Chinese consortium to provide it with a R6,6-billion, or $877-million, debt and equity financing package that would fund the development of its flagship...

Platinum Group still considering its options

Vancouver-based Platinum Group Metals is “actively” assessing a number of strategic options to get the best value from its platinum-group metal (PGM) projects in South Africa, and hopes to have some news soon, the company said on Tuesday....

SA mining production jumps 5,8% in Feb

South Africa’s total mining output increased by 5,8% year-on-year in February, following on from the 9,7% year-on-year increase recorded in January. Statistics South Africa (Stats SA) on Thursday reported that diamond output rose 149,2%...

South Africa’s mining production picks up

South Africa’s mining production rose 7,7% year-on-year in January, its first year-on-year increase in six months, Statistics South Africa (Stats SA) revealed on Thursday. Mining output had last recorded a year-on-year rise of 3,4% in July last...