Lonmin’s wage deal fuels more unrest in South Africa
While Lonmin (LMI-L) has ended a bloody labour dispute at its Marikana platinum mine near Rustenburg in South Africa that left 46 dead, other miners in the country are demanding higher wages.
Platinum Group Metals
Serra Pelada fully funded to production in 2013
Canaccord Genuity analyst Nicholas Campbell has raised his 12-month target price on Colossus Minerals (CSI-T, COLUF-O) by $1 to $10 per share after the junior exploration and development company signed an agreement with Sandstorm Gold (SSL-V,…
Noront hopes to soar with Eagle’s Nest
Toronto-based Noront Resources (NOT-V) is banking on a newly published feasibility study at its advanced-stage Eagle’s Nest polymetallic nickel-sulphide deposit — which also includes copper, platinum, palladium and gold — to…
Lonmin’s wage deal fuels more unrest in South Africa
While Lonmin (LMI-L) has ended a bloody labour dispute at its Marikana platinum mine near Rustenburg in South Africa that left 46 dead, other miners in the country are demanding higher wages.
Noront hopes to soar with Eagle’s Nest
VANCOUVER — Toronto-based explorer Noront Resources (NOT-V) is banking on a newly-published feasibility study at its advanced-stage Eagle’s Nest pollymetallic nickel-sulphide deposit — which also includes copper, platinum,…
Rockwood wants Talison
Rockwood Holdings (ROC-N) is bidding $6.50 per share — a 53% premium — for Talison Lithium (TLH-T) in a deal valuing the company at $724 million on a fully diluted basis.The pure-play lithium producer’s board of directors has…
Surprise Molycorp financing hits share price
Shares of Molycorp (MCP-N) plunged 7.5% to US$11.16 per share — a 52-week low — on the day the U.S.-based rare earth company said it would raise US$450 million in convertible senior notes and common equity.
Updated: South African police open fire on striking Lonmin workers
VANCOUVER — Police in South Africa opened fire on striking workers at Lonmin’s (LMI-L) Marikana platinum mine Thursday, killing 34 and injuring at least 78.
Eastplats stung by platinum price drop
A softening platinum market is taking a bite out of miners as companies face shrinking margins and production challenges, especially in South Africa’s prolific Bushveld complex, which accounts for 72% of global platinum output.The…
Prophecy Platinum sees promising signs at Wellgreen
VANCOUVER — Things keep rolling along for Vancouver-based exploration outfit Prophecy Platinum (NKL-V) at its flagship Wellgreen platinum group metals (PGM) and nickel project in the Yukon Territories. The company released a flurry of…
Wallbridge entices PGM miners to Sudbury
Wallbridge Mining (WM-T) is locking up deals with big platinum players in a bid to prove up its projects while minimizing shareholder dilution.
Planetary Resources’ plan to mine asteroids
A start-up company with high-profile supporters has set out to boldly go where no miner has gone before — to extract the resource riches of outer space.