Platreef Project is a Tier One discovery of platinum-group elements, nickel, copper and gold, which also contains the Flatreef underground deposit, on the Bushveld Complex’s Northern Limb.
Ivanplats executive chairman Robert Friedland said that the company’s latest application for mining right is a significant step for the Platreef Project.
"We’re looking forward to working with all our stakeholders to advance the Platreef Project to production, to create much-needed jobs and to contribute significantly to the socio-economic development of our host communities, the surrounding Limpopo region and South Africa as a whole," Friedland said.
Ivanplats also announced that, in conjunction with the mining right application and in compliance with South African ownership requirements under the Mining Charter, the Platreef ownership structure has been modified to include a Broad-Based Black Economic Empowerment (BBBEE) partner.
