Anooraq Resources Corporation (�Anooraq� or the �Company�) (TSXV: ARQ; NYSE Amex: ANO; JSE: ARQ) announces the completion of its concentrator plant upgrade project at the Company's Bokoni Platinum Mines (�Bokoni�), located 330 km from Johannesburg, South Africa.
The project included an upgrade on the main stream pumps to accommodate additional production throughput, the introduction of cyclone clusters for more efficient classification and an upgrade to the Merensky concentrator primary mill from an autogenous grinding mill to a semi-autogenous grinding mill to assist with grind of run of mine ore.
The total capital spent on the concentrator plant upgrade was ZAR 118 million (CAD$ 16.5 million) and the project was completed in time and within budget estimates.
The plant upgrade increases Bokoni's milling capacity to 165,000 tonnes per month (�tpm�), of which 120,000 tpm of production is anticipated to come from the Merensky Reef and 45,000 tpm from the UG2 Reef. This upgrade ensures the Bokoni concentrator plant is ready to accommodate the Company's planned first phase production expansion plan to 160,000 tpm by 2014.
Philip Kotze, CEO of Anooraq, said �We remain focused on turning the Bokoni mine into a profitable and sustainable operation. Increased production throughput going forward is a key ingredient for our success at the mine, both on the production and costs sides of the equation. This is one of the key projects we identified on the critical path when we first assumed operational control at Bokoni and we are pleased that the concentrator plant now has sufficient capacity to mill all of our first phase growth production plan feed building up to 2014.�
For further information, please visit our website at http://www.anooraqresources.co.za/media/press_release.asp, call investor services in South Africa at +27 11 883 0831 or in North America at 1 800 667 2114 or use the contacts referenced below.
Best Regards,
Investor Services
Hunter Dickinson
Toll Free: 1-800-667-2114 | Main: 1-604-684-6365
info@hdgold.com | www.hdgold.com
If you no longer wish to be on Anooraq's email distribution list, simply reply to this email with �Remove ARQ� in the subject line.
*Other HD affiliated companies include Amarc, Anooraq, Continental, Farallon, Heatherdale, Northern Dynasty, Rathdowney, Rockwell, and Taseko. Visit us at www.hdgold.com for more information. To be removed from all of HD's email lists please reply to this email with �Remove All� in the subject line.
.
|
VanEck Vectors Global Alternative Energy ETF
|
|
PRODUCTEUR |
CODE : ARQ.V |
ISIN : CA0494771029 |
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Atlatsa Resources est une société de production minière de platine basée en Afrique Du Sud. Atlatsa Resources détient divers projets d'exploration en Afrique Du Sud. Son principal projet en production est BOKONI (LEBOWA) en Afrique Du Sud et ses principaux projets en exploration sont GA-PHASHA et DRENTHE-OVERYSEL (PLATREEF/BOIKGANTHSO JV) en Afrique Du Sud. Atlatsa Resources est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 9,5 millions (9,2 millions US$, 7,1 millions €). La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2002 à 8,30 , et son plus bas niveau récent le 31 décembre 2002 à 0,09 . Atlatsa Resources possède 47 442 200 actions en circulation. |