Eastern Platinum Ltd. T.ELR

Alternate Symbol(s): ELRFF

Eastern Platinum Limited owns directly and indirectly a number of platinum group metals (PGM) and chrome assets in the Republic of South Africa. All of the Company’s properties are situated on the western limb (Crocodile River Mine) and eastern limb (Kennedy’s Vale, Spitzkop, Mareesburg) of the Bushveld Complex, the geological environment that hosts approximately 80% of the world’s PGM-bearing ore. Operations at the Crocodile River Mine include re-mining and processing its tailings resource from the Barplats Zandfontein tailings dam and mining and processing ore from the Zandfontein underground section to both produce PGM and chrome concentrates. The Kennedy’s Vale and Spitzkop Project are situated on the Eastern limb of the Bushveld Complex 350 kilometers (km) northeast of Johannesburg. Mareesburg is an open-cut PGM project on a 2,129- hectares area in the southern part of the eastern limb of the Bushveld Complex, in the Limpopo Province of South Africa.

TSX:ELR - Post by User

Eastern Platinum Ltd.

Bullboard Posts

Post by GoldMan22on Aug 15, 2010 3:48pm

585 Views

Post# 17352136

Could ELR be on China's radar??

...as we have seen in the past, China likes to buy up companies instead of purchasing metals on the open market (Gold, Copper, Platinum etc.). Could ELR be next???

https://www.asiaminer.com/magazine/latest/investment-platinum-development-funds.html

INVESTMENT - Platinum development funds

A Chinese consortium has taken a 51% interest in South African platinum producer Wesizwe Platinum. The purchase by the consortium, which comprises Jinchuan Group and the China-Africa Development Fund (CADF), will help finance Wesizwe’s Frischgewaagd-Ledig project on the western limb of South Africa’s Bushveld Complex. Capital funding to develop the project is estimated at US$824.5 million and Wesizwe plans to annually produce 350,000 ounces of PGMs in concentrate over a period of 35 years. Jinchuan will purchase all of the platinum group metals (PGMs) concentrate produced by the project under a long-term off-take agreement. The Jinchuan/CADF investment in Wesizwe represents China’s first direct investment in African platinum. Jinchuan/CADF will subscribe for US$227 million in ordinary shares of Wesizwe, representing a 51% interest, and will provide project financing totalling $650 million to support development of the project.
www.wesizwe.co.za

Bullboard Posts

BCG-Unresponsive Non-Muscle Invasive Bladder Cancer Carcinoma-In-Situ: A Patient's Guide