HomeNewsNew mining right for Eastern Platinum

New mining right for Eastern Platinum

Eastern Platinum’s
Crocodile River
mine, on the
western limb of
the Bushveld Complex
Johannesburg, South Africa — MININGREVIEW.COM — 08 April 2008 – The Department of Minerals and Energy (DME) has granted Eastern Platinum Limited (Eastplats) – Canada’s leading platinum group metals producer – a new order mining right for the Crocette section of its Crocodile River Mine, on the western limb of the Bushveld Complex.
Crocette will produce 55 000 oz pa of platinum-group metals from 2010, the Vancouver-based company said in a statement to the JSE here yesterday. That will help boost Crocodile River’s overall output to 250 000 oz pa, reports Bloomberg News.

Eastplats president and CEO Ian Rozier confirmed that the environmental management programme for the Crocette section has been approved. “With the receipt of the new order mining right we can now proceed with the development of the Crocette section,” he said.

In accordance with the approved social and labour plan accompanying this mining right, the development and mining of the Crocette section at Crocodile River will generate approximately 300 more jobs, which will directly benefit the local community.

“The granting of the Crocette mining right is excellent news for Eastplats and Crocodile River mine, as well as for the local community,” said Rozier. “Positive relationships with all stakeholders have made the mining of the Crocette area possible,” he concluded.

A further news release will be issued soon providing details of the proposed development of the Crocette section.