Anglo American Platinum recently announced that its Board has approved the Mototolo/Der Brochen life extension project. The development of the project leverages the existing Mototolo infrastructure, enabling mining to extend into the adjacent and down-dip Der Brochen resource, which will extend the life of mine beyond 30 years. The approval of the project supports the[] The post Anglo American Platinum approves Der Brochen UG2 fully mechanised mining operation appeared first on International Mining .
Anglo American Platinum has approved a project to extend the life of its Mototolo platinum mine by 30 years.
ANGLO American Platinum (Amplats) today approved the extension of its Mototolo mine which is forecast to continue producing 250,000 ounces of platinum group metals (PGMs) for another 30 years. The Anglo American-owned group said in an announcement that it had allocated R3.9bn for the project which would see it mine the adjacent Der Brochen property. [] The post Amplats approves R3.9bn extension of 250,000 oz/year Mototolo PGM mine appeared first on Miningmx .
Anglo American Platinum Limited (OTCMKTS:ANGPY) was the target of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 2,500 shares, a decline of 74.0% from the October 31st total of 9,600 shares. Based on an average daily volume of 23,600 shares, the days-to-cover ratio []
Anglo American Platinum Limited (OTCMKTS:ANGPY) saw a large decline in short interest in the month of October. As of October 29th, there was short interest totalling 9,600 shares, a decline of 54.7% from the October 14th total of 21,200 shares. Based on an average daily volume of 15,900 shares, the days-to-cover ratio is presently 0.6 []

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