https://www.miningweekly.com

PTM notified of Waterberg mining right appeal

8th March 2021

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

A group of four individual appellants intends to appeal a decision granting NYSE- and TSX-listed Platinum Group Metals (PTM) a mining right for the Waterberg joint venture project.

The Department of Mineral Resources and Energy (DMRE) granted the mining right on February 3.

PTM stresses in a statement that all requirements specified under the Mineral and Petroleum Resources Development Act had been complied with.

It adds that it completed well-documented, extensive and meaningful consultations with recognised representatives in local communities, the DMRE and government.

The Waterberg project is projected to be a large palladium, platinum, rhodium and gold mine and the company anticipates that its development will result in significant positive spin-offs in terms of investments, exports, jobs and skills development.

“Our definitive feasibility study announced in September 2019, combined with a positive outlook for palladium, highlights that the local Waterberg communities and the broader Limpopo region in particular would benefit from the planned investment,” PTM points out.

PTM is the majority owner of the project, located in South Africa, with partners being Impala Platinum Holdings, Japan Oil, Gas and Metals National Corporation, Hanwa and Mbombo Wethu Consultants.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION