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Impala Platinum Holdings Ltd. (OTC Pink:IMPUY) announced that it has commissioned another shaft at its South Africa-based Rustenburg mine.
Impala Platinum Holdings Ltd. (OTC Pink:IMPUY) announced that it has commissioned another shaft at its South Africa-based Rustenburg mine.
According to the press release, the shaft’s key features include:
- Location — Impala Rustenburg, South Africa
- Project start date — October 2004
- Project completion date — Full production is planned for FY2018
- Capex — To date, R5.1 billion of the total capital vote of R6.9 billion has been spent
- Life of shaft — 25 years
- Life of shaft (average) grade — 4.19 g/t (3PGE+Au)
- Production — 185,000 ounces of platinum per year (at full production)
- Mining method — Conventional development and stoping through a two-shaft (main and ventilation) system
- Ore horizons accessed — Merensky and UG2
Click here to read the full Impala Platinum Holdings Ltd. (OTC Pink:IMPUY) press release.
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