Pan African Sends Off First PGM Concentrate

Mining Weekly reported Pan African Resources (LSE:PAF,JSE:PAN) has produced its first platinum-group metals concentrate at its retreatment plant.

As quoted in the market news:

The concentrate was sent to Western Platinum, an operating subsidiary of Lonmin, on Tuesday.

Pan African signed a five-year PGM concentrate agreement with the platinum miner.

The early production of PGM concentrates would provide the company with a platinum revenue stream from the end of the third quarter of the current financial year.

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