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Precious Metals & Minerals

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Jubilee Platinum forms joint venture with BMR Group plc

7:00am BST

Oct 23 (Reuters) - JUBILEE PLATINUM PLC ::FORMS JOINT VENTURE WITH BMR GROUP PLC TO RECOVER ZINC, LEAD AND VANADIUM AT KABWE PROJECT IN ZAMBIA​.JV FORMED BETWEEN JUBILEE AND BMR WILL FINANCE AND EXECUTE APPROVED WORKS PROGRAMME WITH COMMERCIAL PRODUCTION EXPECTED OF LEAD AND ZINC IN 2018​.‍KABWE OPERATIONS WILL BE APPOINTED OPERATOR OF PROJECT, WITH RESPONSIBILITY FOR COMMISSIONING, FUNDING, CONSTRUCTION AND OPERATIONS OF PROJECT​.

Petra Diamonds says Q1 revenue down 17 pct to $78.7 mln

7:00am BST

Oct 23 (Reuters) - Petra Diamonds Ltd ::Q1 REVENUE FELL 17 PERCENT TO 78.7 MILLION USD.‍DIAMOND PRICES FOR Q1 ON A LIKE-FOR-LIKE BASIS WERE DOWN CA. 3% IN COMPARISON TO H2 FY 2017​.PETRA DIAMONDS LTD - ‍Q1 PRODUCTION DOWN 4% TO 1,053,817 CARATS (Q1 FY 2017: 1,097,523 CARATS)​.PETRA DIAMONDS - ‍NET DEBT AT 30 SEPTEMBER 2017 OF US$613.8 MILLION (30 JUNE 2017: US$555.3 MILLION).PETRA DIAMONDS LTD - ‍Q1 ROM PRODUCTION INCREASED 17% TO 842,809 CARATS (Q1 FY 2017: 720,475 CARATS)​.PETRA DIAMONDS LTD - ‍Q1 REVENUE DOWN 17% TO US$78.7 MILLION FROM 711,277 CARATS SOLD (Q1 FY 2017: US$94.7 MILLION FROM 745,447 CARATS SOLD)​.PETRA DIAMONDS LTD - ‍DIAMOND PRICES FOR Q1 ON A LIKE-FOR-LIKE BASIS WERE DOWN CA. 3% IN COMPARISON TO H2 FY 2017​.‍GROUP MAINTAINS FULL YEAR PRODUCTION GUIDANCE OF CA. 4.8 TO 5.0 MCTS​.‍"DIAMOND MARKET IS SHOWING SIGNS OF SEASONAL WEAKNESS"​.PETRA DIAMONDS - CULLINAN PLANT NOW FULLY OPERATIONAL, PLANT IS EXPECTED TO ACHIEVE NAMEPLATE CAPACITY OF 6 MTPA DURING H2 FY 2018​.

MMG's unit enters Dugald River Zinc Concentrate deal with Minmetals North-Europe

Wednesday, 18 Oct 2017

Oct 18 (Reuters) - MMG Ltd <1208.HK>:Unit enters Dugald River Zinc Concentrate Sale Agreement with Minmetals North-Europe; if deal executed on 18 Oct, would value about US$12.0 million​.Unit to sell about 10,000 dry metric tonnes of zinc concentrate.

MMG Ltd's qtrly copper cathode production down 16 pct

Wednesday, 18 Oct 2017

Oct 18 (Reuters) - Mmg Ltd <1208.HK>:Qtrly copper (contained metal in concentrate) produced 114,472 tonnes, up 7 percent.Qtrly copper cathode production 33,416 tonnes, down 16 pct‍​.MMG expects to produce 560,000–615,000 tonnes of copper and 65,000–72,000 tonnes of zinc in 2017‍​.Dugald River Project's total development cost since August 2015 now expected between $550-570 million.

FIRST MAJESTIC PRODUCES 4.0 MLN SILVER EQV. OZ IN THIRD QUARTER

Tuesday, 17 Oct 2017

Oct 17 (Reuters) - First Majestic Silver Corp ::FIRST MAJESTIC PRODUCES 4.0M SILVER EQV. OZ IN THIRD QUARTER.FIRST MAJESTIC SILVER CORP SAYS TOTAL PRODUCTION IN Q3 OF 2017 FROM ITS SIX OPERATING SILVER MINES REACHED 4.0 MILLION EQUIVALENT OUNCES OF SILVER​.FIRST MAJESTIC SILVER - Q3 2017 ‍TOTAL PRODUCTION CONSISTED OF 2.4 MILLION OUNCES SILVER, 15,414 OUNCES GOLD, 5.2 MILLION POUNDS LEAD & 0.9 MILLION POUNDS ZINC​.

Atlatsa reports per share loss of $0.22 for Q2 2017​

Monday, 16 Oct 2017

Oct 16 (Reuters) - Atlatsa Resources Corp :Atlatsa announces financial results for the half year ended June 30, 2017 & provides an update on the implementation of the 2017 restructure plan.Basic and diluted loss per share was $0.22 for Q2 2017​.Revenue increased by 12.6 percent quarter-on-quarter to $45.8 million​.Entered into a care and maintenance term loan facility agreement with RPM in an amount of $51.8 million​.Upon implementation of asset disposal all debt incurred during debt standstill period will be written off​.Atlatsa will restructure itself to reduce its corporate head office and associated overhead costs​.RPM to acquire, include resources specified in Atlatsa's Kwanda north, central block prospecting rights​ for $29.8 million in cash.Bokoni mine operations were placed on care and maintenance with effect from October 1, 2017​.Rustenburg platinum mines to suspend servicing, repayment of current, future debt incurred by Atlatsa group, owing to RPM until dec 31, 2019​.During Sept Bokoni mine, together with registered trade unions, NUM, TAWUSA and UASA, concluded facilitated consultation process​.Source text for Eikon: ID:nCNWZ1WLCa.

Impala Platinum makes investment to advance development of Waterberg PGE project

Monday, 16 Oct 2017

Oct 16 (Reuters) - Platinum Group Metals Ltd : :Impala Platinum makes strategic investment to advance development of the Waterberg PGE project.Platinum Group Metals Ltd says ‍immediately purchase 15.0 percent interest in Waterberg project for US$30.0 million​.Platinum Group Metals Ltd - ‍ Impala Platinum Holdings entered deals with co, the Japan Oil, Gas and Metals National Corporation, among others.Platinum Group Metals Ltd - co to retain 31.96% direct & indirect interest in Waterberg project if implats were to exercise its full option​.Platinum Group Metals Ltd - ‍JOGMEC will retain certain metal marketing rights to final metal related to Waterberg project​.Platinum Group Metals Ltd - ‍initial purchase does not effect change of control of Waterberg project​.Platinum Group-‍implats to have option to up stake in Waterberg project​ to 50.01% with additional purchases,earn-in arrangements totaling US$166 million.

Impala Platinum makes investment to advance development of Waterberg PGE project

Monday, 16 Oct 2017

Oct 16 (Reuters) - Platinum Group Metals Ltd : :Impala Platinum makes strategic investment to advance development of the Waterberg PGE project.Platinum Group Metals Ltd says ‍immediately purchase 15.0 percent interest in Waterberg project for US$30.0 million​.Platinum Group Metals Ltd - ‍ Impala Platinum Holdings entered deals with co, the Japan Oil, Gas and Metals National Corporation, among others.Platinum Group Metals Ltd - co to retain 31.96% direct & indirect interest in Waterberg project if implats were to exercise its full option​.Platinum Group Metals Ltd - ‍JOGMEC will retain certain metal marketing rights to final metal related to Waterberg project​.Platinum Group Metals Ltd - ‍initial purchase does not effect change of control of Waterberg project​.Platinum Group-‍implats to have option to up stake in Waterberg project​ to 50.01% with additional purchases,earn-in arrangements totaling US$166 million.

Impala Platinum ‍enters agreements with PTM and JOGMEC​

Monday, 16 Oct 2017

Oct 16 (Reuters) - Impala Platinum Holdings Ltd ::IMPALA PLATINUM - ‍ENTERED DEFINITIVE AGREEMENTS WITH PLATINUM GROUP METALS, JAPAN OIL, GAS AND METALS NATIONAL CORPORATION, MNOMBO WETHU CONSULTANTS​.IMPALA PLATINUM HOLDINGS LTD - ‍WILL PAY US$30 MILLION IN CASH TO ACQUIRE A 15% SHAREHOLDING IN PROJECT FROM PTM AND JOGMEC​.IMPALA PLATINUM - DEAL ‍TO ACQUIRE MINORITY INTEREST IN WATERBERG, WITH OPTION TO ACQUIRE MAJORITY OWNERSHIP OF PROJECT.

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