Late last week Pan African Resources Plc ("PAN") announced that it is renewing the cautionary out over it as it is still performing the due diligence on the RK1 Consortium with respect to its acquisition to a 25% stake therein. 

RK1 owns a Chromite Tailings Retreatment Plant situated at Kroondal on the Western Limb of the Bushveld Complex in the North West Province of South Africa, which produces Platinum Group Metals ("PGM") concentrate. The transaction, if completed, is expected to provide Pan African with access to low cost attributable PGM ounces and further strengthen the Company`s earnings and operating cash flows.

On a slightly different topic, Deloitte's released their "Global Mining Perspective" highlighting ten important trends they foresee in the mining sector globally.   This is definitely worth a read for those interested in this sector from any perspective.

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