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Wallbridge Mining Announces Deal with Lonmin‎

Wallbridge Mining Company Limited has signed an agreement with Lonmin Plc in which Lonmin will buy 13.2 million units of Wallbridge for $2.5 million. Each unit of the Canadian company will cost Lonmin CAD $0.19 and comprise of one common share of Wallbridge and a half common share purchase warrant.

From Wallbridge Mining Company Limited 18 Jan 2012

North American Nickel Conducts Drilling Program at Post Creek Property

North American Nickel (NAN) is conducting the 1,500 m of drilling campaign at the Post Creek property. The focus of drilling is on the modeled plates, which were obtained from Abitibi Geophysics’ ground EM survey.

20 Oct 2011

Rainy River Resources Announces Palladium and Platinum Assays from Pinewood South

Rainy River Resources has reported the assay results of the palladium and platinum from the fresh nickel discovery, which is located at the Rainy River gold project in northwestern Ontario. The company is carrying out the diamond drill program for 170,000 m during 2011.

1 Oct 2011

Stillwater Mining Company Announces Offering of Senior Notes for Peregrine Metals Acquisition

Stillwater Mining is planning to offer $300 million in senior notes to private investors to help fund its acquisition of Peregrine Metals. The offering is non-conditional on the completion of the acquisition of Peregrine Metals.

20 Sep 2011

Zimplats and Zimbabwe Reach Agreement on Indigenization Plan

The government of Zimbabwe and platinum mining firm, Zimplats have finally come to an agreement regarding the new indigenization requirements for indigenization empowerment in the country.

From Zimplats Holdings Ltd 14 Sep 2011

Earth's Gold May Have Come From the Stars

The precious metal gold may not be native to earth but have come from outer space and merged in the core. The geologists at the University of Bristol have put forth a theory that a mammoth meteorite shower over four billion years ago is what brought the precious metals gold and platinum to earth.

11 Sep 2011

Zimbabwe Says Impala Platinum Unit Fails to Meet 'Land Grab' Requirements

In Zimbabwe the Murowa diamond mine owned by Rio Tinto group is among the 45 mining operations which have managed to comply with the new rules on black citizen’s ownership. The Indigenization Minister Saviour Kasukuwere said that it was amongst the few companies that were already compliant with the policy to cede 51% ownership to black Zimbabweans.

From Zimplats Holdings Ltd 7 Sep 2011

Stillwater Mining Posts Record Profits

Stillwater Mining Company has reported record profits for the quarter ending June 30, 2011. The Montana based company has seen a 192% hike in profits recorded compared to the same quarter the previous year. The company earned nearly $42.7 million in the second quarter this year equating to 39 cents a share.

4 Aug 2011

Confusion Reigns Over Zimbabwe Indigenization Proposals

Indigenisation and Empowerment Minister Saviour Kasukuwere said that the government of Zimbabwe had not thrown out all 175 indigenization proposals that it had received from mining companies.

21 Jul 2011

Sylvania Platinum to Offload South African Iron Ore Assets

Sylvania Platinum announced on Friday that it was going to dispose of its iron ore assets in South Africa. The assets in the Bushveld Complex would be sold to focus on expansion and meeting production targets. The board issued a statement saying that it did not believe that any value was being ascribed to the company by the iron assets.

11 Jul 2011