HCI’s Copelyn dismayed at Waterberg JV’s multiple headwinds
HOSKEN Consolidated Investments (HCI) is grasping for a golden thread of hope in finally advancing its platinum group mining endeavours. The investment group – better known for…
PTM restores BEE with $1m share issue to HCI
PLATINUM Group Metals (PTM) is to issue 800,000 shares to its major shareholder Hosken Consolidated Investments Limited (HCI). The share issue, priced at $1.26 per share, will…
SA government opposes PTM’s proposal to export unrefined platinum concentrates to Saudi Arabia
Canadian mining junior Platinum Group Metals (PTM) is looking at the possibility of building a convertor matte furnace in South Africa to smelt platinum concentrates produced…
Platinum Group signs MoU to build refinery in Saudi Arabia
PLATINUM Group Metals, a Canadian company studying the development of the Waterberg Project in Limpopo province, has signed a memorandum of understanding with Saudi Arabia for…
PTM defies sceptics with optimised $946m Waterberg project study
PLATINUM Group Metals (PTM) today published an updated definitive feasibility study for its 50.02% controlled Waterberg Joint Venture, a project that will produce PGMs, including…
Implats may ask unions, Govt. to consider Bafokeng restructure
IMPALA Platinum (Implats) may backtrack on an agreement with unions and the department of trade and industry not to restructure shafts bought in last year’s takeover of Royal…
Saudi PGM smelter proposal may test SA Govt’s loyalties
PLATINUM Group Metals, a Canadian company better known by its Toronto trading code, PTM, has submitted a proposal to the government that will force it to weigh its desire for…
PTM explores Waterberg concentrate deal with Saudi Arabia
PLATINUM Group Metals (PTM) has signed a cooperation agreement with Saudi Arabia that will explore construction of platinum group metals smelter and base metals refinery. Should…
The squeeze is on for the rarest resource in SA’s PGM industry
Of the barriers to new platinum group metals production in South Africa, one of the most important is building processing facilities. Smelters and refineries are technically…
Miner says offshore smelter for SA palladium project could be cheaper
TORONTO-listed Platinum Group Metals (PTM) said it was considering building smelting and refining facilities for the metal outside South Africa. In a third quarter update, CEO…
PTM ‘pounding on doors’ for offtake deal ahead of financing $617m Waterberg
PLATINUM Group Metals CEO Frank Hallam said the company was “pounding on the doors” of four mining companies in search of a concentrate offtake agreement ahead of financing the…
The battle for RBPlat: Where things stand in this contest of winner takes all
SHAREHOLDERS of Impala Platinum (Implats) are facing the possibility that their firm’s takeover offer for Royal Bafokeng Platinum (RBPlat), formally under way since November…
Implats CEO raises prospect of minimum R15.5bn special dividend if RBPlat bid fails
IMPALA Platinum (Implats) could reward investors with a special dividend of at least R15.5bn if it decides to withdraw from its 15-month takeover bid for Royal Bafokeng Platinum…
Appeals against PTM Waterberg Project mining right award dismissed by SA Govt.
SOUTH Africa’s mines ministry dismissed an appeal against the grant of a mining licence in 2021 to Platinum Group Metals (PTM), the Toronto-listed firm said on Monday. Attempts…
PTM strikes ‘in-principle’ agreement for R380m preparatory work on Waterberg Project
PLATINUM Group Metals (PTM) has struck an “in-principle” agreement with its partners to spend R380m preparing the Waterberg Project for development – a palladium-rich prospect…
PTM sees off Africa Wide challenge that R1bn sale of Maseve was without consent
PLATINUM Group Metals (PTM) has seen off a second legal challenge brought against it by Africa Wide Mineral Prospecting and Exploration (Africa Wide), a subsidiary of Wesizwe…
PTM’s Japanese shareholder throws weight behind Waterberg Project
PLATINUM Group Metal (PTM) said it had received support from its Japanese partner JOGMEC to progress the Waterberg Project, a palladium-rich prospect in South Africa’s Limpopo…
PTM to go it alone on Waterberg palladium smelter after offtake talks with Implats stall
PLATINUM Group Metals (PTM), the Canadian exploration and development firm, is investigating building its own smelting and refining facilities following a breakdown in…
PTM reduces debt to $3m after redeeming $20m worth of convertible notes
PLATINUM Group Metals (PTM) is to repurchase $20m worth of convertible senior notes first issued in 2017. The platinum group metal (PGM) development firm said on Thursday that it…
PTM appoints Frank Hallam as CEO on permanent basis
PLATINUM Group Metals announced today that Frank Hallam would be the firm’s permanent CEO filling the vacancy left by the surprise resignation of Mike Jones in July. Hallam, who…