Nkwe Platinum’s Mine Set For 2015 Production

Mining Weekly reported  Nkwe Platinum (ASX:NKP) said its Garatau platinum mine may be in production as early as 2015 and achieve steady output by 2017.

As quoted in the market news:

The developer said the new bankable feasibility study (BFS) estimated a capital requirement of some A$641-million to fund the development of a 3.6-million-ton-a-year operation, producing some 330 000 oz/y of platinum over an initial 17 years.

The optimised BFS only took into consideration mining of the Merensky reef, and did not take into account the value of the underlying UG2 reef or the adjacent farm De Kom, which was one of three farms subject to an ownership tussle with African Rainbow Minerals and Anglo American Platinum.

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