PTM to oppose latest Waterberg project appeal
TSX- and NYSE-listed platinum group metals miner Platinum Group Metals (PTM) has received a further notice appealing the granting of a mining right to Waterberg Joint Venture (JV) Resources.
The mining right had been granted by the Department of Mineral Resources and Energy (DMRE) on January 28.
The notice of appeal is reported to have been filed by a local community in the area of the proposed mine infrastructure.
However, PTM says in a statement that it believes all requirements specified under the Mineral and Petroleum Resources Development Act (MPRDA) have been complied with and that Minister Gwede Mantashe's office correctly granted the mining right.
As such, Waterberg JV Resources will oppose the appeal.
Under the MPRDA, an appeal can be considered by Mantashe for determination within a 130 business day timeframe.
The mining right currently remains active and was notarially executed by the DMRE on April 13.
PTM says it has completed “well-documented, extensive and meaningful consultations” with “recognised” representatives in local communities, the DMRE and government.
It points out that consultations had also previously been held with the group that lodged the appeal.
The Waterberg project is projected to be a large palladium, platinum, rhodium and gold mine, which PTM anticipates will result in “significant positive spin-offs” in terms of investments, exports, jobs and skills development.
Going forward, PTM intends to continue its consultation with the DMRE and recognised local authorities and community representatives regarding its plans for the Waterberg site.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation