https://www.miningweekly.com

First chrome concentrate shipped from Eastplats subsidiary’s retreatment facility

11th February 2019

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

Dual-listed Eastern Platinum’s (Eastplats’) Barplats Mines subsidiary has shipped the first 10 000 t of chrome concentrate from its newly built Zandfontein Upper Group 2 tailings chrome retreatment facility in South Africa’s North West province.

The retreatment facility is being commissioned, TSX- and JSE-listed Eastplats said in a statement on Monday.

Further, Eastplats has formally filed its response to a petition filed with the Supreme Court of British Columbia, in Canada, in November 2018. Eastplats is seeking the dismissal of the petition, as well as special costs against the petitioner.

Eastplats shareholder 2538520 Ontario Limited had filed the petition seeking the court’s approval to start a derivative action against certain current and former Eastplats directors in relation to the approval of transactions entered into between Eastplats and Union Goal Offshore Solutions.

This followed after Eastplats and Barplats in March 2018 entered into an agreement with Union Goal for the construction, mining and processing of the Zandfontein tailings resource and the offtake of chrome concentrate from the Zandfontein tailings facility.

Meanwhile, the company also announced on Monday that Alpha Global Capital has filed a notice of withdrawal in relation to its claim against Eastplats.

Alpha Global in early 2017 filed a claim, seeking payment of “and other relief” following a 2007 agreement that resulted in Eastplats acquiring a further 5% interest in Barplats.

Eastplats, at the time, denied that any funds were due to Alpha Global and said on Monday that it would seek to recover from Alpha Global a portion of the costs the company has incurred in responding to the claim.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The functionality 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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION