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"These agreements have transformed Eastplats into a resource company generating revenue and mining operation income from chrome concentrate."
Barplats produced 987,003 tons of chrome concentrate during 2020 and was able to deliver 960,776 tons under an offtake agreement.
"This venture is a new potential revenue source for us without any additional funding obligations and an opportunity to recover PGMs from the tailings."
Eastern Platinum, or Eastplats, has been allowed to restart its chrome tailings retreatment project in South Africa at a reduced rate, during the country’s 21-day lockdown.
Eastern Platinum and its subsidiary Barplats Mines have entered into an agreement with Union Goal Offshore Solution which provides for the construction, mining and processing of the tailings resource, and the subsequent offtake of...