Platinum Group Metals

The platinum-group metals, more commonly known as PGMs, are iridium, osmium, palladium, platinum, rhodium, and ruthenium. Platinum group metals incorporates, mining, exploration, processing, precious metals. Electric vehicles use both palladium and rhodium, as well as platinum for use in the manufacture of the catalytic converter. Platinum and palladium are used in jewelry manufacture. PGMs are usually mined in deep level, narrow reef mines, where safety is of utmost concern.

Another mine death

[img:Poles_0.jpg|Underground at
Harmony Gold’s
Elandsrand mine
]Johannesburg, South Africa --- MININGREVIEW.COM --- 11 September 2008 - Another South African mineworker has been killed in a mining accident, as thousands of miners stopped work yesterday and today to mourn colleagues who had lost their lives in mine accidents last week.

The National Union of Mineworkers (NUM) announced yesterday that a worker had been killed Anglo Platinum’s Lebowa mine in Limpopo. A company spokesman told Reuters that the worker had been killed by a scrapper winch.

Aquarius denies rival merger deal with Lonmin

[img:Aquarius%20arena_0.jpg|Aquarius Platinum’s
Marikana mine
]London, England --- MININGREVIEW.COM --- 11 September 2008 - Aquarius Platinum – a focused platinum group metals producer in southern Africa – has denied that it has been working on a rival merger deal with the world's third largest platinum producer Lonmin.

“Contrary to the recent speculation, we're not looking to make an offer for Lonmin,” spokesman Nick Bias told Reuters. The Sunday Telegraph had reported that Lonmin – which has spurned a 33-pound per share takeover offer from Swiss-based Xstrata – was in talks on a three-way merger with Aquarius and Mvelaphanda Resources (Mvela).

PTM to double stake in Western Bushveld joint venture

[img:Platinum%20row_0.jpg|Western Bushveld
Joint Venture
core-yard and office
]Denver, USA --- MININGREVIEW.COM --- 10 September 2008 - The chief executive of Platinum Group Metals Limited (PTM) says he is confident that the junior miner will raise enough capital to finance a deal to double its stake in the Western Bushveld joint venture, despite a challenging credit market.

BHP Billiton confident on Rio Tinto takeover

[img:BHP%20guy_0.jpg|Marius Kloppers,
CEO,
BHP Billiton
]New York, USA --- MININGREVIEW.COM --- 10 September 2008 - BHP Billiton Limited – the world's largest mining company – believes that falling commodity prices and a slowing global economy will convince investors to support its US$121.5 billion (R911.25 billion) hostile bid for the Rio Tinto Group.
 

Possible SA platinum merger denied

[img:Implats_0.jpg|Aquarius Platinum’s
Kroondal mine
]Johannesburg, South Africa --- MININGREVIEW.COM --- 09 September 2008 - South Africa's Mvelaphanda Resources (Mvela) – a South African BEE firm aiming to build a sustainable black owned and controlled mining company – has denied that it has been in talks with Aquarius Platinum about a possible merger with the world's third-largest platinum producer Lonmin.

Zambian opposition leader woos Chinese

[img:Zambia%20city_0.jpg|China – seeking Zambian
natural resources to
feed its growing
economy
]Lusaka, Zambia --- MININGREVIEW.COM --- 09 September 2008  - In an apparent policy shift designed to reassure foreign investors, Zambian opposition leader Michael Sata says he would welcome Chinese investors in the country's mining industry if he was elected president.

Wesizwe PGM project on track for this month

[img:New%20Wesizwe%20-%20Pic%201_0.jpg|Diamond core drilling
underway at the core
Wesizwe project
]Johannesburg, South Africa --- MININGREVIEW.COM --- 08 September 2008 - Emerging new generation platinum miner Wesizwe Platinum Limited says it is on track to commence this month with the launch of the capital construction phase of its R5.6 billion Frischgewaagd-Ledig core project on the Western Bushveld complex.

Lonmin reiterates opposition to Xstrata takeover bid

[img:Lonmin1_0.jpg|Sir John Craven,
Chairman,
Lonmin
]London, England --- MININGREVIEW.COM – 03 September 2008 - Lonmin plc – the world's third- largest platinum producer – has come out strongly again against Swiss-based Exstrata plc’s US$10 billion (R75 billion) hostile takeover bid, insisting that it is too low, and urging investors to reject it.

Wesizwe acquires Angloplat’s 37% WBJV interest

[img:Michael%20soloman.thumbnail.jpg|Mike Solomon,
CEO, Wesizwe
]Johannesburg, South Africa --- MININGREVIEW.COM --- 03 September 2008 - Emerging new generation platinum miner Wesizwe Platinum Limited has announced its intention to acquire Anglo Platinum Limited’s entire 37% stake in the Western Bushveld Joint Venture (WBJV), which is held through its wholly owned subsidiary Rustenburg Platinum Mines Limited (RPM). Wesizwe will pay Anglo Platinum an amount of R1.162 billion in the form of 211,850,125 new shares in Wesizwe.

DRC mining contracts complete by end September

[img:Congo%20land_0.jpg|Freeport-McMoRan Copper
& Gold – one of the
companies involved in
contract re-negotiation
in the DRC
]Kinshasa, DRC --- MININGREVIEW.COM --- 1 September 2008 - The review by the government of the Democratic Republic of Congo (DRC) of all its mining contracts with foreign and local companies will finish on 30 September.

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