PLATMIN LIMITED Mining News

Half-billion South African platinum mine gets green light

The South African government has ok'd a $443-million platinum mine located north of Rustenburg.

Platmin to restart operations after two-week labour standoff ends

South Africa’s Pilanesberg Platinum announced on Friday a labour dispute has been settled and mining operations will resume next week after a two-week shutdown after employees of a contractor disrupted operations through intimidation of supervisors and damage to property and equipment. The share traded up almost 2% in afternoon trade but the company worth some $510m has lost more than a tenth of its value on the Toronto bourse since halting operations and is down close to 50% over the last twelve months.