Name of the Project
Zandfontein upper group two tailings facility.

Location
The project is located at the Crocodile River mine, near the town of Brits, in South Africa’s North West province.

Client
Eastern Platinum (Eastplats) and its subsidiary Barplats Mines.

Project Description
The project entails the construction, mining and processing of the Zandfontein tailings resource, and the subsequent offtake of chrome concentrate from the retreatment project. 

The chrome circuit is designed to improve on the recoveries of chrome concentrate, compared with the recoveries using traditional technology, which could expand available resources for mining and processing.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Value
Capital expenditure is estimated at R164-million, which is expected to be funded from cash on hand, the upfront project payment from Union Goal Offshore Solution and revenue from the retreatment project.

Duration
The parties have presourced equipment and the construction phase is estimated to be seven months. Eastplats expects the project will result in revenue-producing operations, through offtake of the chrome concentrates produced to Union Goal, when production starts in 2018.

Latest Developments
Eastplats entered into agreement with Union Goal Offshore Solution in March for the construction, mining and processing of the Zandfontein tailings resource. Union Goal will finance and supply Barplats with the chrome-processing circuit, related technology and expertise, while Barplats will develop, mine and operate the project.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Eastplats, tel+1604 800 8200, fax +1 604 210 4516 or email info@eastplats.com.