INFRASTRUCTURE

Eastplats cancels tailings PGM deal

The project included several milestones that have not been met

 Parties had signed deal for PGMs

Parties had signed deal for PGMs

Eastern Platinum (Eastplats), an Africa-focused mining company, has terminated a project framework agreement between its subsidiary Barplats Mines and Advanced Beneficiation Technologies, a South African technology supplier, to construct a modular plant to process platinum group metals (PGM).

The announcement relates to a previous deal struck on 22 July 2020 where the parties agreed to develop and build the PGM processing plant from tailings re-deposited from the retreatment project at a designated area of the Zandfontein dam near the Crocodile River Mine.

The project included several milestones required under the Agreement to complete and establish the Circuit H Project, including a joint venture agreement between Barplats and ABT, financing agreements and off-take agreements for the project.

None of these agreements were concluded before the termination of the Agreement, according to Eastplats.

The company said it would continue to focus its efforts on restarting the Zandfontein underground operations at the mine and will assess its ability to recover PGMs from the tailings in due course.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions