MANAGEMENT

Lonmin begins Bulk Tailings Treatment project

Lonmin has secured US$50 million of funding for the Bulk Tailings Treatment (BTT) project and wor...

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The BTT project involves the re-mining of Lonmin’s Easterns Tailings Dam in South Africa, including the reprocessing of 26Mt of tailings material at a rate of 300,000t/mth. Commissioning and ramp up to full production is expected during the 2018 financial year.

Once at steady-state, the project is expected to produce about 29,000oz/y of platinum or some 55,000oz of platinum group metals at a yield of 0.5g/t.

The project is part of Lonmin’s business plan and is expected to produce the lowest cost ounces in the Lonmin portfolio.

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