Aquarius Platinum to make $90 mln bid for Ridge
Aquarius Platinum Ltd plans to make an all-share bid for Ridge Mining Plc valuing the firm at 63.9 million pounds ($90.37 million) to expand its resource base and output. For full story, click here
Archive for February, 2009
Palladium prices rallied
The rand gained as palladium prices rallied and gold traded near a seven- month high. For full story, click here
Premium’s Stillwater PGM Anomalies are Platreef
Premium Exploration Inc. reported today that the PGM anomalies previously reported at the Chrome Mountain PGM project were formed by the same type of processes that formed the Platreef PGM deposits in South Africa.
Aquarius offers one of its shares for every 2.75 Ridge shares
Aquarius is offering one of its shares for every 2.75 Ridge shares on issue. For full story, click here
Aquarius signs letter of intent for Ridge Mining
The company has stepped up its move on Ridge Mining, signing a letter of intent for an all-share bid for the UK-listed miner. For full story, click here
FNX has sufficient cash on hand to develop the LFD
FNX said it has sufficient cash on hand to develop the LFD to the initial production stage, complete development of the Podolsky mine and support all anticipated corporate activities for 2009. For full story, click here
FNX Mining cuts 2009 production outlook
Canada’s FNX Mining Co Inc cut its 2009 production and expects lower capital expenditure for the period, hurt by weak commodity prices, and said it has sufficient cash in had to support all its development plans. For full story, click here
Norilsk to suspend its Black Swan and Lake Johnston operations
Norilsk International, a subsidiary of OJSC MMC Norilsk Nickel, announces that it will suspend its Black Swan and Lake Johnston operations (Western Australia), placing them under care and maintenance effective immediately. For full story, click here
Analysts are recommending long-term investments in palladium
As the economic slowdown continues to impact investors, analysts are looking at the downturn as an opportunity to buy commodities at low prices. They are recommending long-term investments in precious metals including platinum, palladium and rhodium. For full story, click here
Tough Times for Stillwater Mining Company
Palladium prices continue to fall on the stock market and Stillwater Mine Company officials aren’t ruling out another round of possible layoffs. For full story, click here
