Murray & Roberts Cementation MD Henry Laas is confident that the company is going to secure the deal.
Last year, Aim-listed Ridge Mining announced that it would go ahead with the project, following positive results received from a feasibility study on the project.
The study envisages a mine at Blue Ridge milling 120 000 t of ore a month, with a mill head grade of 3,3 g/t 4PGE, producing 75 000 oz of platinium, 35 000 oz of palladium, 13 000 oz of rhodium and 1 600 oz of gold a year, totalling 125 000 oz a year once the mine is in full production.
Black empowered Imbani Platinium will provide the project finance in return for interest in the project.
The global mining and power sectors are experiencing a boom as demand for resources and energy continues unabated.
Murray & Roberts Cementation has been awarded a leading role in major expansion projects in South Africa.
Murray & Roberts Cementation is the result of a merger between Murray and Roberts RUC and Cementation Mining’s Africa operations in January 2005 and is active in the Southern African Development Community (SADC), and the rest of the African continent.
Laas says that the focus for the company is on the continent of Africa.
“We are targeting countries in West Africa, such as Mali and Ghana, but also Tanzania, Zambia and Botswana,” says Laas.
Laas tells Mining Weekly that the primary market for business is South Africa but the com- pany will offer support to strategic clients in the other African countries.
He adds that there are new juniors entering the mining scene and Murray & Roberts Cementation is actively involved with them as they are embarking on huge project development but as the deals are still in the negotiation phase, he declined to mention further details.