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Platinum mine launched despite controversy over ownership and land 14 May 2021 - 06:00 By Thanduxolo Jika and Alex Patrick A fence is erected on a farm near Burgersfort in Limpopo by Zijin Mining Group, a Chinese-owned company that opened the Garatau Platinum Mine on Thursday. Image: Alaister Russell
A controversial platinum mine in Limpopo was officially launched on Thursday, despite ongoing questions over the involvement of its BEE partner and a pending court case.
The Garatau Platinum Mine Project was launched on Thursday in Garatouw, Limpopo. It is owned by the Zijin Mining Group, a leading Chinese gold company, through SA-focused platinum developer Nkwe Platinum Limited.
from
BURGERSFORT,
(CAJ News) – MINING operations at South Africa’s multimillion dollar Garatau Platinum Mine, the latest player in the world’s biggest producer of the precious metal, will begin towards the end of May.
An investment of around $700 million (over R9,88 billion) has been allocated for the Limpopo-located mine operated by local developer, Nkwe Platinum Limited, and its sole shareholder, the Zijin Mining Group, a leading Chinese multinational mining group.
Mogokare Richard Seleke, the Nkwe Director of Governance and Stakeholder Relations, disclosed the imminent development of the box cut.
It is cut built to supply a secure and safe entrance as access to a slope to an underground mine.
Copper production at the Kamoa-Kakula Mine to begin imminently; first phase projected to produce approximately 200,000 tonnes of copper per year Kamoa-Kakula's Phase 2 expansion, scheduled for Q3 2022, will double annual copper output to approximately 400,000 tonnes Ivanhoe Mines pledges net-zero greenhouse gas emissions at the Kamoa-Kakula Copper Mine Expanded 2021 exploration program underway on Ivanhoe's Western .
Ivanhoe Mines Ltd.: Ivanhoe Mines Issues Q1 Financial Results and Review of Mine Construction Progress and Exploration Activities
80,000 to 95,000 tonnes
All figures in the above table are on a 100%-project basis. Metal reported in concentrate is prior to refining losses or deductions associated with smelter terms. Cost guidance is expected to be provided once the Kamoa-Kakula Project s Phase 1 plant has reached steady state production.
Kamoa-Kakula s Phase 1 backfill plant with concentrator plant in the background.
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Construction of Phase 2 of the Kamoa-Kakula project is well underway and Phase 3 expansion is being explored