MinEx and Mike Scott have played key roles in the development
of these mines and mining projects:
This platinum project was identified by MinEx in 2001. It is an unusual situation where the floor rock has risen bringing the reefs up to mineable depths. The first drill intersection was made here in 2006. Close to $21 million has been spent, mainly on drilling. The project is currently at bankable feasibility study stage. With over 40 million ounces in reserves and resources this is one of the world’s biggest remaining unmined deposits.
The sale of this then dormant mine from a South African mining house to a Canadian junior was brokered by MinEx in 2000. Drilling and evaluation work was then carried out and the mine resumed production in 2004. Currently the mine is part of the Lonmin stable. It pays MinEx a royalty based on production.
This open pit platinum project was identified by MinEx in 1998. Drilling and evaluation work have been conducted since 2001, the project having now advanced to feasibility stage. A production rate of 300 000 tons per month is envisaged. This project is now owned by Sylvania Platinum who also own a very similar project 70 kms to the north. MinEx has an ownership interest or royalty in both projects.