Flying Nickel updates Minago resource, including first PGM estimate

The deal worth about $39 billion would involve Anglo exiting its platinum and iron ore assets in the country.

The company is pursuing a multiphase program at the 260-sq.-km Marathon property in Ontario.

The proposal comprises an all-share offer for Anglo American by BHP.

Takeover would represent the first mega deal among the world’s biggest diversified miners in over a decade. 

The filing of a resource estimate in November qualified Power Nickel for 30% more in the project to conclude the earn-in agreement.

Rusal has alleged that the sale of some business units led to losses for Nornickel shareholders.

Sustainable mining company pH7 expects the partnership with Elevated Signals will help them leverage real-time data to inform reporting processes.

Some 469 employees were transferred to Sibanye's other PGM operations, while another 226 were taken off the payroll.

Zimbabwe's biggest platinum producer announced in March it was offering voluntary job cuts.