Platinum mine developer working with govt on export of concentrate to Saudi Arabia

Toronto- and New York-listed Platinum Group Metals, the near-term objectives of which are to advance the Waterberg project in Limpopo to a development and construction decision, is working with the South African government to analyse the possibility of exporting platinum group metals (PGM) concentrate. An initial trade-off study has been completed to determine the viability of exporting the concentrate from South Africa to Saudi Arabia and a key requirement would be to secure a long-term permit for the export from South Africa of unrefined precious metals in concentrate, the company stated in its third-quarter results report on Thursday.