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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (21129)	6/10/2008 9:38:21 AM
From: LoneClone	Read Replies (1) \| Respond to of 193686

Sylvania says expansion projects on track to start output by year-end miningweekly.com By: Christy van der Merwe Published on 6th June 2008 Sylvania Resources, a South African producer of platinum from chrome tailings, on Friday said that the construction of its Lannex and Elandsdrift-Mooinooi plants in the Bushveld Complex remained on schedule to start production by the end of this year. These Elandsdrift-Mooinooi extensions, together with those of the Lannex plant, would cost an estimated R230-million. The Australia and London-listed company has ramped up its Millsell and Steelpoort plants. Executive director and CFO Louis Carroll said that the ramp up and the expansion were in line with the company’s ambition to bolster capacity as quickly as possible. Sylvania Resources plans to produce 70 000 oz/y by 2010. The Lannex plant has an estimated dump resource of 1,2-million tons at 3 g/t and Elandsdrift-Mooinooi would treat a number of dumps in the area, as well as the nearby Buffelsfontein run-of-mine. In addition to platinum, chrome was recovered from the dumps at Millsell and process dump material with a 44%-chrome ratio was sold to Samancor. Sylvania has also, through a recent addendum to the Samancor chrome agreement, secured a right to treat an estimated 300 000 t/y of run-of-mine from Samancor chrome’s Broken Hill, Spitzkop and Buffelsfontein chrome mines to produce chrome and platinum-group metals. Demand for chrome was driven high and driven largely by the Asian market. Editor: Mariaan Olivier