Bakubung platinum-group metals project, South Africa

Wesizwe CEO Jianke Gao reports that the capital cost of building the new Bakubung platinum mine is expected to escalate to R12-billion.

Bakubung platinum-group metals project, South Africa

Aveng Grinaker-LTA Mining has been awarded the R1.64-billion shaft-sinking contract at Wesizwe Platinum’s Bakubung (previously Frischgewaagd-Ledig) platinum mine.

Frischgewaagd-Ledig platinum project, South Africa

The development activities aimed at transforming the Frischgewaag-Ledig project into the next major platinum-group metals mine are under way.

Bushveld Complex project on time and within budget

Mining operations, exploration, financing and construction company Platinum Group Metals (PTM) reports that development plans for its 74% owned Western Bushveld Joint Venture (WBJV) Project 1 platinum mine, in the North West province, are...

PGM group continues multiple projects

Platinum miner Platinum Group Metals (Platinum Group) continues its focus on platinum exploration with multiple projects under way in South Africa and Canada, for the remainder this year.

PGMs partner completes transaction with Chinese consortium

Mining group Platinum Group Metals reports that its partner Wesizwe Platinum has closed a proposed $877-million financing package with a Chinese consortium that includes non ferrous metallurgical and chemical engineering enterprise Jinchuan Group...

PTM to start Project 1 underground development

TSX- and NYSE-listed Platinum Group Metals (PTM) on Monday announced that it had received approval from South Africa’s Department of Mineral Resources (DMR) to start with the underground development of its Project 1 platinum mine. The company...

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 appoints finance adviser for SA project

TSX- and NYSE-listed Platinum Group Metals (PTM) announced the appointment of AJ Ali as project finance adviser to assist in structuring the overall project finance package, for the construction of the Western Bushveld Joint Venture (WBJV) Project...

AngloPlat expects improved FY earnings

JSE-listed Anglo Platinum’s (Angloplat’s) share price jumped more than 4% on Thursday, after the platinum miner said that its full-year earnings would rise. Basic earnings a share for the year ended December 31, 2010, were expected to...

Platinum Group approves initial $100m budget for SA project

TSX- and NYSE-listed Platinum Group Metals (PTM) has approved $100-million of capital spending for the company's Project 1 asset in South Africa, and intends to appoint a lead arranger for full project finance within the next four to six months,...

Platinum Group Metals appoints project manager

TSX-listed Platinum Group Metals has announced the appointment of Thys Uys as project manager of its Western Bushveld Joint Venture (WBJV) Project 1. The company said that it was focused on moving its first, high-grade, near-surface WBJV Project...