Bauba Platinum (JSE:BAU) has receoved a 20 year chrome mine right at Moeijelijk from the Department of Mineral Resources in South Africa, Mining Weekly reported.

As quoted in the publication:

Bauba had, during the second quarter of this year, also concluded discussions with certain parties regarding the planning of underground chrome operations at a rate of 30 000 t/m run-of-mine ore at Moeijelijk.

The development of the underground mining operations could possibly start in the last quarter of this year or during the first quarter of 2017, subject to the granting of a pending water use licence and prevailing market conditions.

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