Bauba, Northam enter into trial product sale agreement
Diversified miner Bauba Platinum has entered into a trial product sale agreement with Northam subsidiary Booysendal Platinum.
The agreement is effective from April this year and will see Northam process 24 000 t of low-grade chrome ore to be supplied by Bauba at its concentrator plant over a six-month period.
Earnings and expenses flowing from the sale of the product will be shared between the parties in accordance with the agreement terms.
“This is a significant milestone in Bauba’s product offering following the commissioning of its wash plant, adding an additional revenue stream from [Bauba’s] Moeijelijk mine,” Bauba CEO Nick van der Hoven said on Monday.
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