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Zandfontein upper group two tailings facility, South Africa

23rd August 2019

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Zandfontein upper group two (UG2) tailings facility.

Location
The project is located at the Crocodile River mine, near the town of Brits, in South Africa’s North West province.

Project Owner/s
Eastern Platinum (Eastplats) and its subsidiary Barplats Mines.

Project Description
The project entails the construction, mining and processing of the Zandfontein tailings resource, and the subsequent offtake of chrome concentrate from the retreatment project. 

The chrome circuit is designed to improve on the recoveries of chrome concentrate, compared with the recoveries using traditional technology, which could expand available resources for mining and processing.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
Capital expenditure is estimated at R164-million, which is expected to be funded from cash on hand, the upfront project payment from Union Goal Offshore Solution and revenue from the retreatment project.

Planned Start/End Date
Not stated.

Latest Developments
Eastplats’ retreatment project will reach full operation only in the third quarter.

The project had initially been expected to reach this target in July.

Operations at the retreatment project began in December 2018 and are continuing to ramp up, Eastplats has reported.

Eastplats has stated that its targets for the remainder of this year include the assessment of the platinum group metals recoverability opportunities in relation to the tailings resource, as well as the assessment of the Mareesburg project and the Crocodile River Mine Zandfontein underground operations.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Eastplats, tel+1604 800 8200, fax +1 604 210 4516 or email info@eastplats.com.

Edited by Creamer Media Reporter

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