Johannesburg, South Africa — MININGREVIEW.COM — 11 September 2008 – Braemore Resources plc – an AIM-quoted company aiming to become a top ten international nickel and platinum group metal producer – has announce the successful installation of the new 3.2MW smelter at the Mintek facility in Johannesburg.
Revealing this is a news release issued here, the company said the new facility was capable of processing around 2 000 tonnes per month, and producing PGMs in an iron-nickel alloy at an annualised rate of up to 70 000 ounces per annum, depending on feed grade.
It added that the smelting facility would increase production steadily over the coming weeks to reach these targeted processing rates. Braemore accelerated the upgrading of the smelter from an initial shut-down period of eight weeks down to only four weeks in order to meet the current levels of demand for smelting high-chrome concentrates.
Braemore CEO Leon Coetzer commented: “We have completed this upgrade ahead of time and on budget, and are pleased to be delivering on our stated objectives. We have worked closely with Mintek to commercialise their technology, and we look forward to providing an economically and technologically viable smelting solution to the PGM sector.”
The new release added that Braemore’s 10MW smelter development programme was on track, with the definitive feasibility study completed as planned, and currently under internal and peer review. The study had covered a range of feedstock options, and the appropriate capital expenditure for the project would be finalised once the optimal smelter feed source was determined. It was anticipated that this would be in Q4 of 2008.