Eastern Platinum: Is there life left in the limping old dog?

Business

Eastern Platinum: Is there life left in the limping old dog?

Investors can be forgiven for giving up hope in the stalled miner, but bosses want to resume production

Allan Seccombe

Eastern Platinum (Eastplats), it could be argued, has virtually dropped off the radar of anyone following SA’s platinum mining industry.

Eastplats, which is listed in Johannesburg and Toronto, shut its operations in 2012 and 2013, and has leaked cash steadily since then to keep its mines in care and maintenance.

Despite bringing revenue into the company for the first time since then with a chrome project, it’s hard to find any reason for investors to thrill at the prospect that Eastplats may or may not return to producing platinum group metals (PGMs)...

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