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Creamer Media Reporter

Platinum miner closes $7,4m private placement

7th October 2008 TSX- and NYSE-listed platinum hopeful Platinum Group Metals on Tuesday reported that it raised $7,4-million in a non-brokered private placement, which it undertook earlier this year. In September, the group announced a $7,6-million private placement to fund a feasibility study for the Western... 

Survey finds Australia getting 'less risky' for resource development

6th October 2008 Australia has come in fourth in a top ten list of individual countries with the least risk for resource sector investment, according to resources publication ResourceStocks’ 2008 World Risk Survey. This year’s survey covered 74 countries and included individual African nations. First-time... 

Petmin sells colliery to Shanduka for R145m

3rd October 2008 JSE- and AIM-listed minerals, mining and processing company Petmin would focus on three core assets, namely the Somkhele, SamQuarz and Veremo operations, after disposing of its Springlake colliery for R145-million. The company said in a statement to shareholders on Friday that it had sold the... 

Kumba doubles iron-ore benchmark export price

3rd October 2008 JSE-listed Kumba Iron Ore (KIO) on Friday announced that it had concluded its benchmark price negotiations for the 2008/9 iron-ore year. The producer expected the average benchmark export price for its products to increase by between 100% and 110% on a rand a ton basis. 

Mining Weekly 3 October 2008

3rd October 2008  

Engineering News 3 October 2008

3rd October 2008  

SA firm clinches US distributorship deals

3rd October 2008 Local steel company VR Steel forecasts growth of $10-million a year in the US mining sector by 2012, and aims to capitalise on the diverse mining opportunities that the sector presents. 

Prospects for developing mining industry ‘never been brighter’ – Rio Tinto Minerals

3rd October 2008 While the outlook for mature economies of the mining industry might be gloomy, the outlook for the developing world has “never been brighter”, said diversified miner Rio Tinto Minerals CEO Gary Goldberg. 

Poland targets clean coal technology in an effort to reduce carbon footprint

3rd October 2008 Poland targets clean coal technologies to reduce carbon footprint 

TanzaniteOne rebuts Gemfields’ concerns, defends tsavorite deal

3rd October 2008 Gemfields CEO Sean Gilbertson’s concerns over TanzaniteOne’s tsavorite coloured-gemstones deal had, by last Thursday, evoked a rebuttle from the board of the world’s only tanzanite producer. 


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