JOHANNESBURG (miningweekly.com) – Platinum producer Lonmin on Monday said 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 Minerals and 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 security of tenure at Pandora.
Eastern Platinum, a subsidiary of Lonmin, owns a 42.5% stake in the mine, while Anglo American Platinum’s subsidiary Rustenburg Platinum Mines had a 42.5% interest in the project. The remaining 15% stake was divided equally between Bapo-Ba-Mogale Mining and Mvelaphanda Resources.