Wesizwe secures financing of R6.6bn to build a mine. The funding will come from a Chinese consortium, comprising Jinchuan Group and the China Africa Development Fund, and which will take a 51% stake in Wesizwe.
Shareholders in platinum junior Wesizwe will decide in the next three months whether to go ahead with a R6.6bn capital injection that will see a Chinese consortium take control of the company.
Lonmin is to step up toll-treatment arrangments after it extended the month-long shut down of its Number One furnace by up to 30 extra days after earlier repairs failed.
Impala Platium Holdings, the world's second largest platinum producer, has confirmed a work stoppage at the company's 12 Shaft operation in Rustenburg.
UK metals firm Johnson Matthey is bullish on prospects for both platinum and palladium during 2010 and has predicted the platinum price could reach $2,000/oz.
Aquarius Platinum said it had shipped concentrate from its recently reopened Everest mine some three months ahead of schedule.
Impala Platinum has reported a 4% dip in quarter-on-quarter platinum production to 368 000 ounces due to pipeline movements.
Dennis Tucker's new platinum exploration company Bauba - formerly Absolute Holdings - is already butting heads with other platinum companies including industry leader Anglo Platinum.
Anglo Platinum has advised that its first half basic earnings per share and headline earnings per share were expected to increase by at least 20%.
Platinum producers appear to escape the brunt of a wage strike in Zimbabwe which is hitting the gold sector hard.