Braemore Resources
Diversified both geographically and in terms of product, the company is located in two key mining regions – Braemore Nickel in Western Australia and Braemore Platinum in South Africa. Braemore’s access to proprietary technology, and in particular the Mintek ConRoast technology, which has successfully operated at demonstration level, makes the company well-positioned to become a significant player in the burgeoning South African PGMs sector, offering a more cost-effective, environmentally friendly and accessible smelting option to a host of junior mining companies. Unlike conventional smelters, ConRoast is unaffected by the high chrome-content ores, which are increasingly being mined. Braemore’s management team, in South Africa and Australia, brings with them impressive credentials in their respective sectors, combined with a board that is knowledgeable in metals processing, financial and commodities markets.
Braemore supplemented its existing AIM listing with a JSE listing on 16 July 2008. The JSE listing will provide Braemore with access to the South African capital markets via exposure to an enlarged potential shareholder base and improve share liquidity, while creating increased awareness of the company and its prospects amongst the South African investor community.
Braemore Resources Says Strategy In South Africa On Track
Braemore Resources PLC said it is on track to reach its goal of becoming the first independent, empowered platinum group metals producer in South Africa and is excited by the opportunities available.
Ina statement prepared for the group’s annual general meeting, Braemore said in the past year, it has steadily advanced its strategy within both its platinum and nickel operations.
The continuing successful operation of its demonstration PGM smelting facility in Johannesburg has generated cash flow and proved the economic viability of its ConRoast technology. The facility is currently ramping up from 75 percent to 100 percent capacity utilisation and the recent off-take agreements signed with Anglo Platinum and Northam have secured smelter feed amidst an uncertain environment in the PGM sector.
On the nickel side, a review of project economics and related development options regarding the Leinster project is ongoing and will be concluded within the first quarter of 2009.
Register here to be notified of future Braemore Resources articles.
Other Braemore Resources articles
-
13/10/08 Braemore Resources – two for the price of one.
-
16/05/08 time for more transparency at Braemore Resources?
-
06/06/07 Braemore Resources : go on, pinch yourself!
Other Braemore Resources news
-
12/11/08 Amplats and Northam commit to Braemore Resources's Conroast
-
29/10/08 Braemore rises on upbeat update
-
06/10/08 Braemore Resources and Atomaer Group enter agreement to resolve potential issues
-
02/10/08 Braemore Resources appoints Dr Mathews Phosa as Non-Executive Chairman
-
18/09/08 Braemore Resources clarifies trading statement
-
10/09/08 Braemore Resources completes PGM smelter upgrade
-
13/08/08 Braemore Resources confirms expansion of ConRoast Smelter underway
-
16/07/08 Braemore Resources starts trading on the JSE
-
27/06/08 Braemore Resources to raise £7 million
-
10/06/08 Braemore Resources appoints new CEO