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Blue Ridge poised to produce

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Ridge mine
London, England — MININGREVIEW.COM — 02 February 2009 – Ridge Mining plc – an AIM-listed company focusing on developing its prospective platinum group metal (PGM) projects on the Bushveld Complex – says the first concentrate from its Blue Ridge concentrator plant is due to be produced at the end of this month.

Revealing this in a statement issued here, the company said commissioning of the plant – which began on 12 January 2009 – was progressing well.

It added that underground mining development was continuing to progress according to plan, and that a stockpile in excess of 250 000 tonnes of ore was on surface, ready for processing once plant commissioning was completed.

Ridge chief executive Terence Wilkinson commented: “I am particularly proud of the achievement of our technical management, in conjunction with Bateman, in ensuring that the revised commissioning target had been met, despite the extended Christmas holiday period in South Africa.”

The Blue Ridge mine is situated approximately 30km south-east of Groblersdal, on the eastern limb of the Bushveld Complex.

It consists of two decline shafts which – at full capacity – will extract an average 120 000 tonnes of ore per month over a projected mine life of 18 years. The mine is scheduled to reach full capacity in mid-2009, producing 149 000 PGM ounces per annum at that stage.