HTX Minerals Corp announce that it has entered into a strategic alliance with Impala Platinum Holdings Limited, the world’s second largest primary platinum producer. The alliance will focus on PGE-Nickel exploration in Ontario, Canada.
Under the terms of the strategic alliance agreement, Implats will fund $900,000 towards HTX’s Nickel-Copper-PGE Ontario project generation activities over three years. [...]

Wallbridge Mining Company Limited announced that its $5 million joint venture with Impala Platinum Holdings Limited has received the necessary South African Reserve Bank approvals and drilling has been initiated on the Parkin Offset Dyke Properties in Sudbury, Ontario.
Drilling has been started with two drills, and a total of over 8,000 metres of diamond drilling [...]

Anooraq Resources Corporation announces that it has received key approvals required for implementation of its transaction with Anglo Platinum Limited for the acquisition of an effective 51% equity interest in the Lebowa Platinum Mine, together with an additional 1% controlling interest in the parties’ current joint venture projects, namely the Ga-Phasha Project, the Boikgantsho [...]

Wallbridge Mining Company Limited announced that it signed a joint venture agreement with Impala Platinum Holdings Limited (”Impala”), the world’s second largest primary platinum producer, on its Parkin Offset Dyke Properties in Sudbury, Ontario.
Under the terms of the joint venture agreement, Impala will spend $5M over three years to earn a 50% interest in the [...]

Dimension Resources Ltd. said it failed to get approval from the South African Reserve Bank to acquire a diamond-mining business in South Africa.
The company also said it did not get a company that produces oil for bio-diesel as it could not secure title to company’s assets.
The company reported it widened its full-year pretax net loss [...]

South African Reserve Bank governor Tito Mboweni said the price of oil is unlikely to drop any time soon, hampering efforts to contain inflation and adding to pressure for higher interest rates.
“On the inflation picture, what is of serious concern is that it doesn’t seem like oil prices are going to be of assistance to [...]

Simmer and Jack Mines has selected the Canadian market to raise funds for its proposed uranium and gold subsidiary, First Uranium, through an Initial Public Offering (IPO) on the grounds of the market size and its good understanding of mining projects under development.
Chief executive Gordon Miller said after the announcement of the IPO today the [...]

Pinnacle Resources, Inc. announced that it has taken over 100% ownership in Diamonaire (Pty) Limited effective as of July 1, 2006. Since inception of the joint venture, Diamonaire has been owned equally by Ocean Options, a South African closed corporation represented by Chris Wilson, inventor and operator of the AquaWalker technology. Mr. Gamble, President [...]