Platinum Group Metals Ltd T.PTM

Alternate Symbol(s): PLG

Metals & Mining Industrial Metals & Minerals

Platinum Group Metals Ltd. is a Canada-based platinum and palladium focused exploration and development company. The Company is the operator of the Waterberg Project, a bulk underground palladium and platinum deposit located in South Africa. The Waterberg Project is located on the Northern Limb of the Bushveld Igneous Complex, approximately 85 kilometers (km) north of the town of Mokopane. The Waterberg Project covers an area of approximately 29,161 hectares (ha) consisting of the Waterberg Mining Right, one active prospecting right, and one application for the incorporation of two adjacent farms into the Waterberg Mining Right. Of the total project area, 20,482 ha are covered by the Waterberg Mining Right. Waterberg is a joint venture between the Company, Impala Platinum Holdings Ltd., HJ Platinum, which consists of JOGMEC (Japan Oil, Gas and Metals National Corporation) and Hanwa Co. and Black Economic Empowerment (BEE) partner Mnombo Wethu Consultants (Pty) Ltd.

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Platinum Group Metals Ltd

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Post by greener12345on Oct 28, 2009 12:58am

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PTM

$0$0$0$0$0$0$0$0$0$0$0$0$0$0Mining: Platinum Group mulls partner$0$0$0$0$0$0$0$0$0$0$0Platinum Group Metals would decide within a month whether to sell itself or join a partner to develop its $400 million (R3 billion) Western Bushveld project, the company said yesterday. Platinum Group received approval from the government on October 8 to purchase 35 percent more of the Western Bushveld deposit, bringing its stake to 74 percent, chief executive Michael Jones said yesterday. - Bloomberg $0$0Published on the web by Business Report on October 27, 2009.$0$0$0$0$0

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