Sylvania to Sell Iron-Ore Assets to Focus on Platinum Production Target
Mining Weekly reports Sylvania Platinum (ASX:SLP) will divest its iron assets to enable the company to focus on reaching its 60 000-oz/y PGM target.
Mining Weekly reports Sylvania Platinum (ASX:SLP) will divest its iron assets to enable the company to focus on reaching its 60 000-oz/y PGM target.
Mining Weekly reports Sylvania (ASX:SLV) and Aquarius (ASX:AQP,LON:AQP) will join forces to examine the feasibility of extracting and processing platinum-group metals ore in South Africa.
Mining Weekly reports Sylvania Platinum (ETR:31L), which has remained on target to achieve 40,000 oz of PGM by the end of June, will increase production to 60,000 oz in 2012.
Mining Weekly reports that Sylvania Platinum (ASX:SLV) has exceeded its targeted production of 10 500 oz by achieving an all-time production record of 10 768 oz for the third quarter.
Sylvania Resources released its interim results to December 2008. Despite production of 12,236oz 3PGE+Au being above the 9,977oz produced in the prior six months, the company reported a small net loss for the period due to dwindling platinum prices. For full story, click here
Sylvania Resources has confirmed today that it is speeding up the development of its new chrome and platinum recovery plants. For full story, click here
Sylvania Resources said that it was applying for a licence to mine the Vygenhoek platinum group metals deposit at Everest North on the eastern limb of the Bushveld complex. For full story, click here
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