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DFS Supports Development of Ivanhoe's Platreef Project
Ivanhoe Mines has released positive results from an independent definitive feasibility study (DFS) for the planned first phase of its Platreef underground platinum group metals (PGMs), gold, nickel, and copper mine and concentrator in South Africa. First-phase development is based on plant throughput of 4 million metric tons per year (mt/y), producing 476,000 ounces per year (oz/y) of platinum, palladium, rhodium and gold (3 PGMs + gold), plus 21 million pounds per year (lb/y) of nickel and 13 million lb/y of copper, in concentrates. Ivanhoe plans to develop the project in three phases: 1) an initial mining rate of 4 million mt/y to establish an operating platform to support future expansions; 2) a doubling of production to 8 million mt/y; and 3) final expansion to a steady-state 12 million mt/y. The current DFS covers the first phase of development, which would include construction of an underground mine, a concentrator, and other associated infrastructure to support initial concentrate production by early 2022.
DFS Supports Development of Ivanhoe's Platreef Project
Ivanhoe Mines has released positive results from an independent definitive feasibility study (DFS) for the planned first phase of its Platreef underground platinum group metals (PGMs), gold, nickel, and copper mine and concentrator in South Africa. First-phase development is based on plant throughput of 4 million metric tons per year (mt/y), producing 476,000 ounces per year (oz/y) of platinum, palladium, rhodium and gold (3 PGMs + gold), plus 21 million pounds per year (lb/y) of nickel and 13 million lb/y of copper, in concentrates. Ivanhoe plans to develop the project in three phases: 1) an initial mining rate of 4 million mt/y to establish an operating platform to support future expansions; 2) a doubling of production to 8 million mt/y; and 3) final expansion to a steady-state 12 million mt/y. The current DFS covers the first phase of development, which would include construction of an underground mine, a concentrator, and other associated infrastructure to support initial concentrate production by early 2022.
DFS Supports Development of Ivanhoe's Platreef Project
2017
Article (Journal)
English
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