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Jubilee Platinum H1 loss narrows

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Mining exploration and development company Jubilee Platinum, has reported the narrowing of its first half headline loss to 0.11 pence a share from 0.37 pence a share the year before.

Platmin loss widens to $11.1m

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Platinum junior Platmin, which is developing mines in South Africa, has reported the widening of its loss to $11.1m for the 10 months to end December 2009.

Lonmin shuts main furnace for month

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Lonmin shuts its perenially problematic key furnace for a month but offsets production losses by starting up three smaller furnaces.

Angloplat rights offer fully subscribed

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Anglo Platinum, the world's largest platinum producer, says 99.5% of its rights offer shares had been subscribed for under its R12.5bn rights offer.

Angloplat sees a more “moderate” dividend policy

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Anglo Platinum is learning from the past, so when it resumes dividend payments it will adopt a more 'moderate' policy, says its financial director.

Temasek invests $100m in Platmin

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UPDATED - Singapore's Temasek invests $100m in Platmin, marking what promises to be the first of a number of investments in South Africa. Platmin is to raise a further $250m in a rights issue.

Angloplat has ‘more balanced cap structure’

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Resources giant Anglo American says Anglo Platinum, the world's largest platinum producer, has a more balanced capital structure following its R12.5bn rights issue.

Jubilee Platinum H1 loss expected to narrow

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Jubilee Platinum expects its loss per share and headline loss per share for the six months to end December 2009 to be between 70% and 73% lower compared to the previously reported corresponding period.

Village progressing in acquisition of Lesego

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Village Main Reef Gold Mining has concluded binding agreements with additional shareholders in Lesego Platinum that together own 76.6% of the project's inferred resource for a total purchase consideration of R506.8m.

Phiri to head new platinum firm

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Merafe Resources CEO Steve Phiri will step down at the end of March to become CEO of Royal Bafokeng Holdings' (RBH) new platinum company.