PTM Signs Binding Offtake Agreement with RPM for Bushveld JV Project

Mining Weekly reported that Maseve Investments, 74% owned by Platinum Group Metals (PTM), has signed a life-of-mine concentrate offtake agreement with Amplat’s subsidiary, Rustenburg Platinum Mines (RPM) for the Western Bushveld JV Project 1 mine.

As quoted in the news article:

Maseve would sell all concentrate from Project 1 to RPM for the life-of-mine, with RPM required to purchase and take delivery of all concentrate.

The agreement, which stipulated that the concentrate be delivered to a smelter in Rustenburg, would come into effect when the initial delivery of concentrate from Project 1 took place, and covered the Merensky and UG2 ores.

Click here to read the full Mining Weekly report.