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Eastplats Planning to Produce Over 530,000 Oz of PGM Per Year Within Four Years: Additional New Order Mining Rights Granted at CRM
- Article from:
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Marketwire
- Article date:
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June 26, 2008
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Copyright informationCopyright 2008 Marketwire. Provided by ProQuest LLC. (Hide copyright information)
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 26, 2008) - Mr.
Ian Rozier, President and CEO of Eastern Platinum Limited
("Eastplats") (TSX:ELR)(AIM:ELR)(JSE:EPS), is pleased to provide the
updated production growth profile and associated power requirements
to produce over 530,000 ounces per year of PGM production by the end
of 2012.
"With the issues currently faced in the mining sector in South
Africa, we are extremely pleased to see that our production growth
profile remains on track to produce over 500,000 annual ounces
within the next four years. We are acquiring heavy fuel oil
generating capacity that will enable us to meet the initial power
requirements independently. Based upon our ...