The Seagull Lake property is 90 kilometres north of Thunder Bay, Ontario, Canada, and consists of 133 claim cells totalling approximately 2,128 hectares.
Platinum Group Metals Mining News
Even though demand for the precious metal is growing for first time since 2015.
The threat of disruption has helped boost platinum and palladium prices this week.
Firms to be affected include AngloGold Ashanti, Harmony Gold, Anglo American Platinum and Lonmin.
BHP, Anglo American touch one-year highs.
The utility gives the industry notice to reduce their power consumption by 15–20% when the national grid is at its tightest.
A gap in engagement between company leaders and front-line workers is critical to preventing and mitigating risks.
Copper production reached a five-year high, more than offsetting output declines at Minas Rio in Brazil and Kumba in South Africa.
Platinum could be the dark horse among precious metals, according to a money manager at Pacific Investment Management Co.
Palladium is close to becoming the most “precious” of precious metals
Study shows mining has sparked "unparalleled inorganic compound diversification" like rabbittite at Lucky Strike, Utah and a handful found on smelter walls
The expansion will double the capacity of the mine and mill to 12,000 t/d from 6,000 t/d.
Scientists say the new process could help ease the transition from conventional internal combustion engines to fuel cell vehicles without disrupting the platinum supply chain.
But short term pain will persist.
The diversified miner anticipates 2018 production to be 2% ahead of previous guidance and costs to be 5% below.
The South African miner is kicking off this week its Far West gold recoveries project in Gauteng with the pumping of reclaimed tailings into the carbon-in-leach circuit, just four months into construction of the first phase.
Deal would create the world’s No.2 platinum producer.
If approved, merger would create the world’s No.2 platinum producer as Lonmin is the world’s third-largest while Sibanye-Stillwater is the fourth.
Shares in Sibanye-Stillwater hit a monthly low on Thursday, down 13.28 percent.
Under the deal, Lonmin will repay most of the loan by delivering platinum and palladium over a three year period to a subsidiary of Jiangxi Copper, China’s largest copper producer.
Dollar shortages are creating the risk of some mines shutting down, while investors calling for the removal of foreign exchange restrictions.
Sibanye and Lonmin said in a joint statement they remained fully committed to the deal, which is expected to close by the end of the year.
The transaction would create the world’s No.2 platinum producer as Lonmin is the world’s third-largest while Sibanye-Stillwater is the fourth.
Although about half of South African output is estimated to be unprofitable, few companies are reducing production by a meaningful amount.
Implats is confident of having adequate cash while restructuring its operations and cutting its workforce despite reporting a wider full-year loss.