DEVELOPING platinum miner Platmin ended its first day of trade on the JSE yesterday at 740c on a modest 3000 shares traded, but management said it would build up the South African shareholder base over time.
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The life-of-mine breakeven cost of platinum miner Platmin’s new Pilanesberg platinum operation was from $600/oz to $650/oz at current exchange rates and rand-dollar prices, Platmin executive chairperson Keith Liddell told Mining Weekly Online at the inward listing of Platmin on the JSE on Wednesday, which brings an investment of R1,85-billion to South Africa.
Midtier platinum miner Platmin, in which Brian Gilbertson’s Pallinghurst has a 51% interest, was inwardly listed on the JSE on Wednesday, augmenting its presence on TSX and Aim, and giving the local community a platform to participate at listed ownership level.
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The North-West province’s 350 000-strong Bakgatla-Ba-Kgafela (BBK) community will derive huge benefits from its stake in Platmin, the BBK tribal authority said on Wednesday.
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