Tokyo, Japan — MININGREVIEW.COM — 07 October 2009 – The state-affiliated Japan Oil, Gas and Metals National Corporation (JOGMEC) has revealed that it has signed an agreement with an Australian company to explore for platinum and nickel in Botswana.
A company news release issued here revealed that JOGMEC would pay a total of US$2.7 million (R21 million) to Discovery Resources Limited to explore together for three years in the Dikoloti region of the southern African country, where some promising deposits have been discovered in recent times. The company added that the deal would allow it to diversify its suppliers.
Discovery claims that the current inferred resource it has found in the region consists of 4.1 million tonnes containing 0.7% Ni, 0.5% Cu and 1.2 g/t platinum group elements.
At the moment, South Africa “’ the world’s top producer of platinum “’ currently supplies about 80 percent of Japan’s imports of the precious metal.