SA govt grants PTM mining right

Canada’s Platinum Group Metals (PTM) has received a mining right from the South African government for its flagship project in the country, the TSX- and Amex-listed company said on Wednesday. PTM also said it would finalise by the end of the...

PTM buys arctic platinum property

TSX-quoted Platinum Group Metals (PTM) has bought a base metal and platinum exploration property from Arctic Star Exploration, located 55 km from the Diavik diamond mine in the Northwest Territories, it said on Thursday. According to PTM, the...

PTM and Wesizwe studying potential platinum synergies

While rumours of consolidations in South Africa’s platinum sector continue to churn, juniors Platinum Group Metals (PTM) and Wesizwe Platinum have started a joint study to determine the benefits of their neighbouring properties being “one mine...

Platinum Group restarts Canadian exploration

Platinum Group Metals, which is building the WBJV project 1 mine in South Africa, has a busy year of exploration planned on properties in both South Africa and Canada, the firm said on Tuesday. Six exploration drilling programs targeting platinum...

PTM inks supply deal with Eskom for WBJV Project 1

Platinum Group Metals (PTM) this week signed an agreement with South African power utility Eskom to supply electricity to its Western Bushveld Joint Venture (WBJV) platinum mine. The agreement would see Eskom supply the project with 40 MVA power...

Platinum Group has deal for project surface rights, in 'active discussions'

Platinum Group Metals (PTM), which has said it will make a decision soon on whether to sell or build its South African platinum project, has locked in a right to buy the surface rights for the property, and has also made progress on securing power...

Chinese seen as likely suitors for Platinum Group

The fact that Canadian junior Platinum Group Metals (PTM) CEO Michael Jones has already started up a new firm indicates that the TSX-listed company could probably be bought, and analysts are tipping Jinchuan and China Africa Development as the...

Wesizwe, PTM wrap up Bushveld platinum acquisitions

Platinum-miners Wesizwe and Platinum Group Metals (PTM) have concluded the acquisition of their respective interests in the Western Bushveld Joint Venture (WBJV) from Rustenburg Platinum Mine (RPM), a subsidiary of Anglo Platinum. South African...

Platinum Group targets 'build or sell' decision by year-end

TSX- and Amex-listed Platinum Group Metals (PTM) hopes to have a decision this year on whether it will look for a buyer or build its first platinum mine in South Africa, president Michael Jones said on Thursday. “We think there are a number of...

Platinum Group unveils updated feasibility study: output up, capex down

TSX- and Amex-listed Platinum Group Metals (PTM) has completed an independent update for its Western Bushveld Joint Venture Project 1 platinum mine, in South Africa, and now expects to produce 275 000 oz/y of platinum group metals and gold,...

Japanese State-owned firm to fund SA platinum project

A Japanese State-owned company, the Japan Oil, Gas and Metals National Corporation (JOGMEC), plans to earn a 35% stake in a South African platinum project for $10-million. TSX- and NYSE-listed platinum hopeful Platinum Group Metals (PTM)...

Strong poised to grow stronger as platinum industry mulls consolidation

On the one hand, the National Union of Mineworkers (NUM) president Senzeni Zokwana is calling for the creation of a State-owned platinum mining company, and on the other are an acquisitive Impala Platinum and an emerging Xstrata Resources, both...