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PGM PROJECTS: Nornickel announces the withdrawal of Russian Platinum from the Arctic Palladium project

Moscow — PJSC MMC Norilsk Nickel the world’s largest of palladium and high-grade nickel and a major producer of platinum and copper, reports today that Russian Platinum has notified the Company of its decision to terminate the negotiations regarding Arctic Palladium JV and to proceed with the development of the Chernogorskoye Deposit and the southern part of the Norilsk-1 Deposit on its own. This decision owes to UC RUSAL, one of Nornickel’s shareholders, not issuing due corporate approvals to N

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PGM PROJECTS: Implats casts further doubt on $874m Waterberg JV saying it is “treading cautiously”

IMPALA Platinum (Implats) gave its biggest signal yet that it was having second thoughts about investing in the Waterberg Joint Venture, a large palladium resource currently under the development of Platinum Group Metals (PTM).

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PGM PROJECTS: Ivanhoe hails progress at Kamoa-Kakula, Platreef

Ivanhoe Mines (TSX:IVN) said that progress at its Kakula copper project, the first of multiple planned mining areas at Kamoa-Kakula in the Democratic Republic of the Congo (DRC) continues to move forward, with production slated for the third quarter of 2021.

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PGM PROJECTS: In northern Minnesota, neighbors navigate the bitter fight over copper-nickel mining

  • Date: 13-02-20
  • Category: PGM PROJECTS
  • Source: Duluth News Tribune

Two companies — Twin Metals Minnesota and PolyMet — are hoping to establish what would become a new mining industry for the region, tapping into vast deposits of copper, nickel and precious metals underneath the forests and lakes of the northern reaches of the state.

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PGM PROJECTS: Russia considering $1 billion loan to Nornickel for Arctic project: Ifax

MOSCOW (Reuters) - The Russian government is considering spending $1 billion from its sovereign wealth fund on a loan to mining giant Norilsk Nickel for its Arctic Palladium project, the Interfax news agency cited a source as saying on Friday.

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PGM PROJECTS: New Age Metals Inc. Closes Private Placement for $2-million

  • Date: 03-02-20
  • Category: PGM PROJECTS
  • Source: New Age Metals

February 3, 2020 Rockport, ON, Canada – New Age Metals Inc. (the “Company”) (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J) has closed a fully subscribed private placement of 40 million units for aggregate gross proceeds of $2-million managed by IBK Capital Corp. Each Unit consisted of one common share and one common share purchase warrant (“Warrant”), where each Warrant entitles the holder to purchase one additional common share at a price of $0.10 per share for a period of two (2) years from the date of closing.

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PGM PROJECTS: PolyMet will appeal permit ruling to Minnesota Supreme Court for mine in Lake Superior watershed

ST. PAUL, Minn. (AP) — PolyMet Mining Inc. said Thursday it will ask the Minnesota Supreme Court to overturn a ruling that canceled three permits needed for its proposed copper-nickel mine in northeastern Minnesota.

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PGM PROJECTS: Surging palladium and rhodium prices good news for Ivanplats

  • Date: 15-01-20
  • Category: PGM PROJECTS
  • Source: Mining Review

Ivanhoe Mines’ South African subsidiary, Ivanplats, is fast-tracking a feasibility study on a smaller-scale, early-stage development plan using Shaft 1 as a production shaft at its Platreef palladium, platinum, nickel, copper, gold and rhodium mining licence in South Africa.

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