HomeNewsRecord third quarter production for Eastplats

Record third quarter production for Eastplats

The Crocodile River
platinum mine “’ record
production
 
Vancouver, Canada — MININGREVIEW.COM — 15 October 2010 – Leading Canadian platinum group metals producer Eastern Platinum Limited (Eastplats) “’ which is currently operating in South Africa “’ reports that production at its Crocodile River Mine (CRM) reached a record 37 798 ounces in the September quarter of 2010.

The mine produced 30 820 ounces in the June quarter and 30 531 ounces in the March quarter.

In a statement released here, the company said production had reached a record as a result of a significant increase in run-of-mine tonnes hoisted and processed “’ up 22% and 23% respectively compared to the second quarter “’ and an increase in concentrator recovery to 81%.

It added that the focus for the third quarter had been mainly on quality of mining while replacing previously terminated contractor crews. A revised sweeping standard, together with the higher stoping units and on-reef development, had contributed positively to the 22% increase of run-of-mine tonnes hoisted. Off-reef development had also increased by 3%.

The statement went on to reveal that chrome sold had also increased to a quarterly record of 100 023t in the third quarter of 2010, up 30% over the second quarter when 76 677t had been sold.

“CRM’s record quarter was a result of our operations becoming more streamlined, as evidenced by increased tonnages and improved concentrator recoveries,” said Eastplats president and CEO Ian Rozier. “We look forward to further production increases, as well as production from our Crocette operation, which we expect will come on stream and contribute ounces within the next 12 months.”

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