JOHANNESBURG (miningweekly.com) – There is no stopping the evergreen Loucas Pouroulis.
The 73-year-old Tharisa executive chairperson, who has developed a host of mining initiatives in metals and minerals including platinum, gold and coal, has just pushed the button on another South African expansion project.
Aim-listed MDM, a minerals process and project management company, reports that it has been awarded the contract for the engineering, procurement and construction (EPC) of Tharisa Minerals’ chromite and platinum project near Marikana, in North West province.
The EPC contract has been awarded on a fasttrack basis for project commissioning in August 2012.
At steady state, the project will process 3.6-million tons a year of run-of-mine ore.
Pouroulis had spectacular success with Eland Platinum, which was sold to Xstrata for R7.5-billion, was a key figure in the listing on the JSE of energy coal company Keaton, and is involved in grassroots gold projects in Africa with TransAfrika.
MDM says that the latest award is its third platinum project in three years.
“This is a significant step forward in the expansion of the Tharisa project,” says MDM executive director George Bennett, who adds that the company began project execution in May.