The production of PGM-rich metal alloys will further develop the beneficiation capability of Tharisa and thereby the profitability of its PGM segment.
The furnace is scheduled to be commissioned at the end of September 2017 and will take approximately six months to ramp up to a production of PGM-rich metal alloy.
This alloy will be smelted by Lonmin as part of a PGM research and development co-operation agreement entered into on 19 July 2017.
“The PGM research and development co-operation agreement is in line with the group’s strategic objective of moving down the value chain,” says Tharisa CEO, Phoevos Pouroulis.
“Tharisa and Lonmin have a good relationship and we are pleased to be working together to our mutual benefit.”
Arxo Metals to operate Western Platinum’s K3 chrome plant; market and sell UG2 chrome concentrate
Arxo Metals has entered into an agreement with Western Platinum, a subsidiary of Lonmin Plc, on the operation of its K3 UG2 chrome plant (K3) and for the marketing and sales of the UG2 chrome concentrate produced. The agreement is effective as of 29 August 2017.
Arxo Metals will unlock greater value for Lonmin from K3 using innovative technology already in use at Tharisa’s operations, where chrome recoveries for the six months to 31 March 2017 improved to 68.4% with a target recovery of 65%.
The agreement is in line with Tharisa’s strategic objective of initiating third-party trading, adding approximately 200 kt to chrome sales annually.
“The marketing and sales of UG2 chrome from K3 expands the basket of chrome concentrates sold by Tharisa and leverages off its established logistics and marketing platforms,” concludes Pouroulis.
Feature image credit: Thermo Fisher Scientific