South Africa : Platinum Mine
BLUE RIDGE PLATINUM-GROUP METALS PROJECT, SOUTH AFRICA
Blue Ridge platinum-group metals (PGMs) project, Bushveld Complex, South Africa.
The project envisages a mine comprising two decline shafts, which, at full capacity, will extract 120 000 t/m, with a mill head grade of 3,3 g/t of PGMs, producing 75 000 oz/y of platinum, 35 000 oz/y of palladium, 13 000 oz/y of rhodium and 1 600 oz/y of gold, totalling 125 00oz/y over a projected life-of-mine of 18 years.
An offtake agreement has been signed with Impala Refining Services under which Impala has committed to acquire all the proposed production from the Blue Ridge mine. Value Banking finance has been signed for $107-million. Duration The mine is scheduled to reach full capacity mid-2009. Client Ridge Mining and Imbani Platinum. In 2007, Imbani Platinum acquired a 50% stake in the project. Key contracts and suppliers The Industrial Development Corporation , the Development Bank of Southren Africa, Standard Bank and Investec (project finance); SRK South Africa (environmental and social studies); Ralph Morris Associates (reserves and mine planning); Murray & Roberts Cementation (mining contractor); and Bateman Engineering (process plant design).
Contact details for project information Ridge Mining, tel +44 20 7379 1474 or fax +44 20 7379 9443.
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