Merafe, Glencore add another PGM plant to joint venture operations
JSE-listed chrome miner Merafe Resources says it will further improve and expand the Eastern Platinum Group Metal (PGM) Plant it owns in joint venture (JV) with Glencore South Africa.
The companies initially worked on a joint Western PGM Plant at the Kroondal mine, in the Bushveld Complex, which has been successful and profitable, resulting in the JV parties wishing to replicate the strategy on the eastern chrome mine operations.
The Eastern PGM Plant’s main purpose will be the treatment of PGMs-bearing material relevant to the eastern chrome mine operations and it will, similar to the Western PGM Plant, be governed by the existing notarial pooling and sharing agreement between Merafe and Glencore.
The total capital and costs relating to the expansion and improvement of the eastern plant attributable to Merafe is expected to be R117-million.
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