Pilanesberg Platinum Mine to Reach Full Capacity in 2011

By Admin
Pilanesberg Platinum Mine in South Africas Northwest province is projected to meet its goal of 250,000 platinum-group metal ounces early next year. Th...

Pilanesberg Platinum Mine in South Africa’s Northwest province is projected to meet its goal of 250,000 platinum-group metal ounces early next year. This is about a year later than the initial target date, reports TSX- and JSE-listed Platmin.

“PPM’s original planned production build-up to an annualized rate of 250,000 PGM ounces by the end of 2009 was an ambitious target, which has not been met. During the critical start-up phase, industry-wide industrial action precipitated ‘go slows’ and work stoppages by contractor employees at PPM, significantly slowing the build-up,” CEO Tom Dale told shareholders.

He explained the interruptions had impacted PPM’s ability to reach a balance between Merensky and upper-group two ores, which were needed for stability and consistency in the processing plants.

Platmin’s board of directors has approved a revised mine plan that aims for 160,000 PGM ounces in metal and sales in 2010 and to 250,000 PGM ounces by early 2011.

Learn more at: Mining Weekly

(Edited by Gabe Perna)

Share
Share

Featured Articles

UK Government awards £54mn in heat network funding

Funding will support the development of schemes in London, Bedfordshire and Woking that use low-carbon heat sources

Shell posts $11.5bn second quarter profit

Shell's earnings fuelled by ongoing price rises and geopolitical instability as the energy major places greater focus on natural gas investments

bp opens first electric truck fast-charging facilities

Operated by bp’s Aral brand, the retail site at Schwegenheim in Rheinland-Pfalz has two 300kw chargers intended for electric trucks

Shell commits to developing Jackdaw gas field in North Sea

Oil & Gas

Prospex Energy raises £1.87m for Selva gas field development

Oil & Gas

Shanghai Electric Group launches low carbon business

Utilities