Eastplats to undertakes optimisation work on two PGM circuits
TSX- and JSE-listed Eastern Platinum (Eastplats) has advised that, following the closing of a rights offering in January, its subsidiary Barplats Mines can now commit R9-million, or C$768 000, to the reconfiguration of a small-scale platinum group metal (PGM) circuit – known as Circuit D – at the company’s operations in the Bushveld Igneous Complex in South Africa.
The rights offering raised about C$11-million, which ensures that funding is also available for some initial work required to restart the PGM Main Circuit.
Barplats has scheduled the work to be completed by the end of February, with recommissioning and operations targeted to start early in March.
The company is pursuing the upgrades to obtain higher-quality concentrate and to consistently produce at least 200 t a month of pressed filter cake PGM concentrate, which is projected to further increase the revenue of the company.
The next phase of the PGM Main Circuit work is projected to start in May, with commissioning slated for October 2021.
Eastplats estimates that this will add a further 800 t of PGM concentrate a month to Barplats’ production, thereby continuing to grow the company's revenue.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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