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Jubilee in venture with Sylvania

I-Net Bridge | Mon, 02 Nov 2009 12:32
[miningmx.com] -- JUBILEE Platinum announced on Monday it and Sylvania Resources, a platinum group metals (PGM) tailings retreatment firm with exploration interests in South Africa, have formed a joint venture.

The joint venture will fuse Sylvania's ability to retreat surface tailing stockpiles for recovery of PGMs into concentrate with Jubilee's industry ConRoast smelting facilities.

According to a statement issued to the JSE, the alliance aims to smelt Sylvania's PGM concentrates from its tailings retreatment projects that are not tied into other contracts.

"This alliance offers a total solution for processing chrome tailings and northern limb Plat Reef deposits for PGM concentrate previously considered uneconomic or challenged by conventional smelting routes," Jubilee said.

The alliance offers the secondary PGM industry a unique "ore to metal" strategy not currently available to the secondary sector, it said.


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