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Wesizwe secures R6.6bn Chinese funding

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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.

Wesizwe’s R6.6bn China option in the balance

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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 extends main furnace shut down

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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 confirms work stoppage at its 12 Shaft

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Impala Platium Holdings, the world's second largest platinum producer, has confirmed a work stoppage at the company's 12 Shaft operation in Rustenburg.

JM bullish on platinum

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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 Pt ships concentrate from Everest

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Aquarius Platinum said it had shipped concentrate from its recently reopened Everest mine some three months ahead of schedule.

Implats MarchQ output slides 4pct

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Impala Platinum has reported a 4% dip in quarter-on-quarter platinum production to 368 000 ounces due to pipeline movements.

Platinum rights squabble at Absolute

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Dennis Tucker's new platinum exploration company Bauba - formerly Absolute Holdings - is already butting heads with other platinum companies including industry leader Anglo Platinum.

Angloplat earnings seen 20pct higher

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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 miners unaffected by Zim strike

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Platinum producers appear to escape the brunt of a wage strike in Zimbabwe which is hitting the gold sector hard.