PERTH (miningweekly.com) – South Africa-focused Nkwe Platinum has resumed trading on the ASX after nearly a year, following the lifting of a Section 47 notice on its Garatau project, in Limpopo.
The South African Department of Mineral Resources (DMR) issued the Section 47 notice in October last year, threatening to suspend or cancel the mining right under the Mineral and Petroleum Resources Development Act.
Nkwe told shareholders on Thursday that since being issued with the notice, the company had made various presentations to the DMR, and was subsequently instructed to implement a social and labour plan before mining operations could start.
This led to a delay in the lifting of the notice, as the lifting was conditional on the agreed programmes being implemented.
Nkwe is planning an underground platinum mine capable of producing some 330 000 oz/y of platinum over an initial 17-year mine life.