New mining rights could increase production at Eastern Platinumadmin
Eastern Platinum has been granted a new order mining right for the Crocette section at its Crocodile River mine in South Africa meaning the firm can begin the development of the project.
According to Ian Rozier, President and Chief Executive Officer of Eastern Platinum, the mining rights were granted by the Department for Minerals and Energy this week.
This means that Eastern Platinum will lift production to 200,000 tonnes a month from its underground operations at its Crocodile River mine while developing three other projects in South Africa, Miningmx reports.
Mr Rozier said that “substantial progress” was being made at the Crocodile River Project as the firm tried to reach “a target production rate of 200,000 tonnes per month”.
“We have major plans in 2008 for developing the Crocette Section at the Crocodile River mine as well as our Spitzkop and Mareesburg properties on the Eastern limb and plan on bringing them into production as quickly as possible,” he added.
The firm is also looking into the possibility of re-starting a disused smelter at the Crocodile River mine after a study was commissioned last year.
Currently, the plant is 80 per cent complete and has the potential to have a capacity of 600,000 oz.