https://www.engineeringnews.co.za

CRM tailings retreatment project cost rises

11th May 2018

By: Anine Kilian

Contributing Editor Online

     

Font size: - +

JOHANNESBURG (miningweekly.com) – The estimated cost to complete the chrome tailings retreatment project at the Crocodile River Mine (CRM), in the North West, has increased by 16.6% to R191.2-million, Eastern Platinum (Eastplats) reported on Friday.

This follows after Eastplats and its subsidiary Barplats Mines undertook a cost-to-complete exercise on the project.

Construction of the project is well under way, with the significant components of the chrome processing circuit on site. Construction teams are well advanced with the civil construction to build the structures for the circuit.

Reporting on activities at the mine during the quarter ended March 31, Eastplats on Friday said it expects the updated platinum group metals feasibility studies on its tailings resource at CRM to be completed in the next few months.

The company, meanwhile, reported that it had cash and short-term investments of $21.3-million and working capital of $25.6-million available for completion of the project and other operations.

Net operating cash flow used during the quarter was $1.4-million, compared with $2.3-million in the same period of 2017, an improvement of 39%.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

EKATO Africa
EKATO Africa

Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...

VISIT SHOWROOM 
Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.067 1.258s - 140pq - 2rq
Subscribe Now