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DMR grants new-order mining right at Pandora JV

22nd March 2013

By: Idéle Esterhuizen

  

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Platinum producer Lonmin said last week its application for the conversion of an old-order mining right to a new-order mining right at its Pandora joint venture (JV), in the North West, had been granted by the Department of Mineral Resources.

Lonmin indicated that the mining right was for platinum-group metals and associated minerals, including gold, chrome, silver, cobalt, nickel and copper.

The company noted that the decision provided the JV partners with security of tenure at Pandora.

Eastern Platinum, a subsidi-ary of Lonmin, owns a 42.5% stake in the mine, while Anglo American Platinum’s subsidi-ary, Rustenburg Platinum Mines, has a 42.5% interest in the project. The remaining 15% stake is divided equally between Bapo-Ba-Mogale Mining and Mvelaphanda Resources.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

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