Platmin, the platinum miner being taken over by Brian Gilbertson’s Pallinghurst Resources, plans to list its shares in Johannesburg by March 2010 to raise funds and allow new black investors to trade the shares.
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Precious metals junior Platmin will sell shares to the Brian Gilbertson-led Pallinghurst Investment Consortium and the Bakgatla-Ba-Kgafela tribe, to finance the company's Pilanesburg platinum project, in South Africa's North West province.
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TSX-listed Platmin on Monday announced the positive results of a revised mineral resource estimate for its Mphahlele project in South Africa’s Limpopo province.
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Platmin on Wednesday announced the acceptance of the constrained power utility Eskom's quotation for a new 37 MVA power supply for its subsidiary Pilanesberg Platinum Mines (PPM), in South Africa's platinum rich Bushveld Complex.
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Platmin listed simultaneously in Toronto and London in August 2006, but the genesis of the company harks back to 2003 when the nascent Platmin acquired Boynton, a South African company with a handy Bushveld-based PGM portfolio.
South Africa's emerging PGM producer (PDF – 141KB)