Platinum Group Receives Mining Rights for South African Mine

17 May 2011 (Last Updated May 17th, 2011 18:30)

Platinum Group Metals has received mining rights for its WBJV Project 1 platinum mine from the South African Department of Mineral Resources (DMR). With the receipt of mining rights, the firm will complete and submit its Environmental Impact Assessment (EIA) and Environmental Management

Platinum Group Metals has received mining rights for its WBJV Project 1 platinum mine from the South African Department of Mineral Resources (DMR).

With the receipt of mining rights, the firm will complete and submit its Environmental Impact Assessment (EIA) and Environmental Management Programme Report (EMPR).

The firm has started work on the mine with an investment of $100m, and preparatory civil works to start the decline tunnels are underway.

The project is under the management of EPCM contractor DRA and the owner's team from Platinum Group.

Platinum Group president and CEO Michael Jones said the DMR has been interactive and responsive with regards to the permit applications for underground exploration and development.