Manufacturing Industry
SOUTH AFRICA: Construction plans for proposed $120,000,000 platinum smelting capacity expansion project, $25,000,000 furnace upgrade and $8,000,000 base metal refinery development, IMPALA PLATINUM HOLDINGS LTD. (IMPLATS) [South Africa] Order #: 046006.
WWP-Report on Mining, Metal Making and Conversion, April, 2006
PROJECT OVERVIEW:
The local IMPALA PLATINUM HOLDINGS LTD. (IMPLATS) recently announced that it will expand its mineral processes' smelting facility which ultimately will increase its capacity to 2.8 million ounces of platinum per year after taking into account additional drying, converting and gas cleaning capacity. The cost to complete this project has been estimated at $120,000,000.
In addition, IMPLATS' Board of Directors has approved the upgrade of its No 4 furnace at a projected cost of $25,000,000. This undertaking is intended to ensure a sustained output of 2.3 million ounces of platinum per annum allowing for planned and unplanned furnace maintenance periods. This project is said to be in line with expansions at the company's precious metals...
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