Johannesburg, South Africa — MININGREVIEW.COM — 03 November 2009 – Australia-based precious metals producer Sylvania Resources Limited and South-Africa focused Jubilee Platinum Plc have announced that they are planning to enter into a partnership for the processing of platinum group metals (PGM).
In a joint statement released here, the companies said the strategic alliance would provide Sylvania with access to Jubilee’s smelting technology, and would allow Jubilee to benefit from Sylvania’s secondary PGM recovery skill.
It added that the tie-up would fast-track operations and save research and development costs for the two firms.
Last month, Jubilee bought Braemore Resources Plc, which had a proprietary smelting technology called ConRoast,
The alliance brings Sylvania closer to its mission for total capability for its tailings retreatment and provides Jubilee with a platform for fast commercialisation of the ConRoast process. This allows the parties to compete together for new opportunities, as opposed to competing with one another, offering a strong combined total capability.
Sylvania CEO Terry McConnachie said: “In entering into this alliance we are extending our demonstrated success in the secondary platinum recovery sector, and have no limit to what can be provided to current producers for retreatment of current tailings stockpiles”
Jubilee CEO Colin Bird sadded: “Our alliance is a logical step towards achieving the mission of total capability in the PGM industry”