International news within the industry of mining and metal, Jul, 23 2018
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South African platinum producer pockets $58M for mine sale

Photo: Platinum Group Metals
Photo: Platinum Group Metals
Published by
Jaroslaw Adamowski - 13 Apr 2018

South Africas Platinum Group Metals has obtained $58 million from the sale of the Maseve concentrator plant and certain surface rights of Maseve Investments 11 Ltd to platinum producer Royal Bafokeng Platinum, and is to obtain a further $16 million from the transaction. 

 

Platinum Group Metals said in a statement that the funds were "used to settle outstanding contractor claims and reduce outstanding indebtedness".

 

Platinum Group Metals is focused on its Waterberg Project, a bulk mineable underground deposit in northern South Africa with potential to be a low cost dominantly palladium mine, according to data from the firm.

 

Royal Bafokeng Platinum is listed on the Johannesburg Stock Exchange (JSE). The company says it is a mid-tier platinum group metals producer that originates from a joint venture between Anglo American Platinum and Royal Bafokeng Rasimone platinum mine JV.

Keliber geologists on the run in Finnish forests. The first indications of spodumene, a mineral rich in lithium, in the bedrock of Kaustinen were discovered in the village of Nikula in 1959. Since then, the area has been explored in a number of stages spanning the past decades. Today, the lithium spodumene deposits of Central Ostrobothnia are one of the most important reserves in Europe. Photo: Keliber
Keliber geologists on the run in Finnish forests. The first indications of spodumene, a mineral rich in lithium, in the bedrock of Kaustinen were discovered in the village of Nikula in 1959. Since then, the area has been explored in a number of stages spanning the past decades. Today, the lithium spodumene deposits of Central Ostrobothnia are one of the most important reserves in Europe. Photo: Keliber

Kelibers environmental impact assessment answered by the NTM Center

"Harmful substances in the slate"

On January 18 this year, the mining company Keliber sent an MKB description to the Finnish NTM...