The second batch of assay results from infill drilling at the Spitzkop platinum group metals (PGM) project in South Africa reflect the high PGM grades and particularly the high platinum (56%) and rhodium (8%) content of the UG2 reef at Spitzkop, Eastern Platinum (Eastpats) said on Tuesday.
Ian Rozier, President and CEO of Eastplats reported that [...]

Mineworkers launched a strike at South Africa’s Modikwa platinum mine on Friday in a dispute over benefits amid allegations of racial discrimination, but mine officials said output was continuing.
About 3,000 members of the National Union of Mineworkers (NUM) out of a total workforce of 5,000 failed to show up for work at the mine, the [...]

Impala Platinum (Implats) and Aquarius Platinum’s expansion of output at its Mimosa Platinum mine in Zimbabwe is one of many steps in a broader strategy to increase Implats’ production of platinum group metals (PGMs) to 2.3 million ounces in 2010.
The owners of Mimosa announced today they would increase production here to 195,000 platinum group metals [...]

South African platinum miner Eland Platinum Holdings Ltd said it is considering plans to double output at its flagship Elandsfontein mine project in response to strong platinum prices.
Eland, which operates in the Bushveld Complex, is likely to decide by June on whether to boost output to “almost 600,000 oz/y” starting in October.
Chief executive David Salter [...]

Dynatec Corp., a Canadian mining company, said it sold stakes in a $2.5 billion Madagascar nickel project to Korea Resources Corp. and Sumitomo Corp. to raise $852 million in funding. The shares rose the most in 15 months.
Sumitomo and Korea Resources will each own 27.5 percent stakes in the Ambatovy venture, Richmond Hill, Ontario-based Dynatec [...]

Ian Rozier, President and CEO of Eastern Platinum Limited, and Chairman of Barplats Investments Limited (”Barplats”), is pleased to report that an infill drilling program is to be conducted on the Kareespruit section of the Crocodile River Mine (”CRM”) Platinum Group Metals (”PGM”) producer in South Africa. The Kareespruit section comprises an area of approximately [...]

Four members of a national conservation group touring Florida today to showcase gas-saving vehicles unfortunately had to use petroleum gas exclusively to run their biofuel-burning Chevrolet because ethanol fuel is not yet available here.
“The trick is you only have one pump in the whole state of Florida, unlike in the Midwest, where there are hundreds [...]

While gold is still an important contributor to South Africa’s exports and its overall economy, platinum and coal are continuing to consolidate their positions as the country’s two major commodities.
Figures from the Chamber of Mines show that sales of platinum group metals were worth around R38 billion (US$ 5.4 billion) last year, slightly ahead of [...]