Canadian mining company Ivanhoe Mines (TSX: IVN) has officially commissioned its $2 billion Platreef platinum group metals (PGM) mine in northern South Africa, a strategic milestone in its broader pan-African expansion that includes copper and nickel projects across the continent.
Located in the world-renowned Bushveld Complex, one of the richest PGM, producing regions globally, the Platreef project solidifies Ivanhoe’s emergence as a major international player in the PGM sector.
The launch, bolstered by presidential endorsement, comes at a time of volatile global demand for platinum, palladium, and rhodium, underscoring the company’s long-term confidence in the critical role of PGMs in the energy transition and industrial markets.
The Platreef Mine, first envisioned nearly four decades ago by Ivanhoe founder and Executive Co-Chairman Robert Friedland, underscores the company’s long-term commitment to developing critical mineral resources in Africa.
“This mine marks the beginning of a new chapter for our country,” he said. “It is the first to open with the full involvement of the local community, not just as workers, but as equity owners and true stakeholders in this remarkable resource. In that sense, it’s breaking new ground, rewriting history, and setting a precedent for how mining should be done in our nation.” Read more...
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