JM said it believed there might be some residual sales of metal in 2013 but at much reduced levels of around 100,000 ounces. That low level is likely to leave the market in a structural deficit, potentially pushing prices higher.
A huge mineral deposit recently discovered in Limpopo province is even bigger than previously thought, and represents “enormous good news” for the future of platinum mining in South Africa, the head of Canadian company Ivanplats announced at the Investing in African Mining Indaba in Cape Town on Wednesday.
http://allafrica.com/stories/201302070386.html
Platinum Australia is in advanced discussions with Jubilee Platinum regarding a proposed merger via a scheme of arrangement under which Jubilee would acquire all of the shares in Platinum.
If it goes ahead, the merger would create a mining group with the potential to become one of the world’s top five platinum producers.
Prophecy Platinum Corp. (NKL.V) announced an updated Mineral Resource estimate for the Shakespeare Deposit Underground East Zone prepared by P&E Mining Consultants Inc. of Brampton, Ontario.
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