Platinum mine developer working with govt on export of concentrate to Saudi Arabia
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![Platinum Group Metals CEO Frank Hallam.](https://cisp.cachefly.net/assets/articles/images/resized/0001143423_resized_thumbnailpgmfrankhallam01308211022.jpg)
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![Platinum Group Metals CEO Frank Hallam](https://cisp.cachefly.net/assets/articles/images/resized/0001143432_resized_thumbnailpgmfrankhallam0130821.jpg)
Platinum Group Metals CEO Frank Hallam.
Platinum Group Metals CEO Frank Hallam.
Platinum Group Metals CEO Frank Hallam
Toronto- and New York-listed Platinum Group Metals, the near-term objectives of which are to advance the Waterberg project in Limpopo to a development and construction decision, is working with the South African government to analyse the possibility of exporting platinum group metals (PGM) concentrate.
An initial trade-off study has been completed to determine the viability of exporting the concentrate from South Africa to Saudi Arabia and a key requirement would be to secure a long-term permit for the export from South Africa of unrefined precious metals in concentrate, the company stated earlier this month.
- global PGM concentrate market study currently in process that includes the sourcing of global concentrate to minimise one- project risk;
- definitive feasibility study (DFS) for the construction and operation of the PGM smelter and base metal refining in Saudi Arabia; and
- option to form a 50:50 joint venture following the completion of the smelter DFS, which will assume the export of PGM concentrate from Waterberg to a port facility in Saudi Arabia.
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