Platinum to come out of Brazil after junior’s London equity raise
JOHANNESBURG (miningweekly.com) – Platinum is to start coming out of Brazil from next year following Thursday’s listing of Jangada Mines on the London AIM.
The new platinum mining company, which advertises itself as having a project in “mining-friendly” Brazil, booked a 10% premium on a 5p a share debut, with the stock changing hands at 5.5p each in afternoon trade.
The Pedra Branca platinum group metals (PGMs) project, which is expected to produce at an initial 30 000 oz a year within the first year to 18 months, was disposed of by Anglo American Platinum (Amplats), allowing Jangada to pick up the $35-million worth of development expenditure Amplats had invested in it.
“We intend to hit the ground running,” Jangada executive chairperson Brian McMaster is quoted as saying about his shallow, low-cost opencast mine.
Jangada owns additional exploration licences spanning 55 000 ha, which contains PGM, nickel, copper, chrome, rhodium, gold and vanadium.
McMaster’s experience includes founding Highfield Resources, an ASX-listed potash company with projects in Spain as well as numerous reorganisations and the recapitalisation and listing of 12 Australian companies.
Pedra Branca has a compliant resource of one-million ounces of PGMs and gold.
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