https://www.engineeringnews.co.za

JV partners approve Waterberg DFS

5th December 2019

By: Creamer Media Reporter

     

Font size: - +

The joint venture (JV) partners of Waterberg JV Resources have approved the recently completed definitive feasibility study for the proposed Waterberg project, on the northern limb of the Bushveld Complex, in South Africa.

The JV partners include Platinum Group Metals (PTM), Impala Platinum (Implats), Japan Oil, Gas and Metals National Corporation (Jogmec), Hanwa and Mnombo Wethu Consultants.

PTM on Thursday said the Waterberg DFS had concluded the Waterberg project could be one of the largest fully mechanised, low-cost platinum group metals mines in the world.

The project comprises a bulk underground palladium and platinum deposit and is expected to produce about 420 000 oz/y of palladium, platinum, rhodium and gold over a 45-year mine life.

Following approval of the DFS, Implats, which holds 15% of the JV, may elect to increase its stake to 50.01% by buying the 12% interest held by Jogmec and earning a further 22.8% by committing to spend $130-million on the project's development.

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

Sweet-Orr
Sweet-Orr

Sweet-Orr, established in 1871, is a global leader in superior protective workwear, known for quality, innovation, and performance.

VISIT SHOWROOM 
ATI Systems
ATI Systems

ATI systems comprises five divisions: electrical assemblies, drives and controls, feedback sensors, enclosures, and strip guiding.

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:0.05 0.822s - 140pq - 2rq
Subscribe Now