CAPITAL MARKETS

Kroondal's workers ready for ascent of K2

JOHANNESBURG: Joint venture owners of the Kroondal platinum mine, Kroondal Platinum Mines and Aquarius Platinum, are expected to sign-off shortly on the K2 expansion budget, a move that will cost about R500 million (A$123 million) and ultimately lift the operation's output to 300,000oz of PGMs per annum.

James Hamilton

Earthworks and preparatory foundation civil work have already begun and the partners are predicting they will have the K2 plant operational by March 2002. Currently the mine is treating about 180,000...

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